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Further details have been unveiled about Redbox Instant by Verizon, the joint venture between Redbox parent company Coinstar and Verizon Communications Inc. According to the announcement, Redbox Instant by Verizon beta product will launch to consumers in the coming weeks with a price tag of $8 per month.

The subscription package combines unlimited streaming of movies, including titles from premium network EPIX, with four one-night credits per month for the latest movie releases on DVD at Redbox kiosks. For $1 more, or $9 per month, customers can opt to redeem their four credits for rentals on Blu-ray Disc at the kiosk.

Customers can also use Redbox Instant by Verizon without a subscription and select new releases available for purchase or rental, or to reserve for pickup at a local Redbox kiosk location. Avail TVN, the multiplatform video services provider, will deliver subscription and transactional studio content, the announcement said. Redbox Instant by Verizon also previously announced a content licensing agreement with Warner Bros. Home Entertainment.

"We are building a compelling entertainment choice through our ability to support both physical and digital distribution of movies that people love, made possible by the depth of relationships we've established with top Hollywood studios and distribution partners," said Shawn Strickland, CEO, Redbox Instant by Verizon.

Read more about DVD kiosks.

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