Verizon and Coinstar's Redbox Form Joint Venture to Create New Consumer Choice for Video Entertainment - Verizon Communications (NYSE:VZ)

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Verizon and Coinstar, Inc. today announced the formation of a joint venture that will create a new choice for quality- and value-conscious consumers seeking a simple and affordable way to access the video entertainment they crave. The venture's services will offer all of the convenience, simplicity and value of Redbox® new release DVD and Blu-ray Disc rentals combined with a new content-rich video on-demand streaming and download service from Verizon.

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