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Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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Redbox Teaming Up With Verizon to Stream Movies, Compete With Netflix

It's been rumored for a couple months, and it looks like it's official. Verizon and Redbox are teaming up to stream movies online and compete with Netflix. In a joint venture that is split with 65% Verizon and 35% Redbox, the new venture is slated to begin later this year. A statement from Verizon indicates that the new streaming service combine even more convenience, simplicty and value that Redbox customers of come to  expect.

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