And movie watchers will be pleased to know, it will cost as little as $6 a month to enjoy streaming entertainment from the comfort of their own living room.
The online movie subscription service will be offered through a partnernship between Redbox and Verizon Communications Inc ( VZ) aka "Redbox Instant by Verizon" -- which will start selling the $6 streaming-only subscription through a limited beta test by the end of the year, according to Reuters. Customers will be able to stream the films to certain Internet-connected TVs, phones and tablets.
Subscribers will also have the option of an $8-a-month plan with movie streaming plus four one-night DVD rentals from Redbox kiosks -- which can be found at drugstores, discount department stores and grocery stores throughout the Southland. Upgrade to $9 a month, and customers can rent high-definition Blu-ray discs.
Redbox Instant customers will have access to movies from Viacom Inc's Paramount Pictures, Lions Gate Entertainment and MGM through a deal with the Epix premium cable channel, as well as films from Time Warner Inc's Warner Bros, according to Reuters.
Netflix, which once established a strong subscription base with its ever popular $9.99 monthly unlimited DVD-rental and streaming combination plan, changed its service plans and increased prices in mid 2011, causing many unhappy subscribers to bail. Netflix currently offers unlimited movies & TV episodes instantly over the Internet for $7.99 a month. Streaming subcribers can also add the unlimited DVD subscription (1 DVD out-at-a-time plan) for $7.99 more a month.