×

Redbox Instant bow pushed back

Rival to Netflix to launch next year

Netflix got a bit of breathing room as a rival service by Verizon and Redbox won’t launch until 2013, the telco’s CEO Lowell McAdams said Tuesday during the UBS media conference in Gotham.

The debut had been expected late this year, but that projection seemed increasingly ambitious as the partners move into December still testing.

News comes the day after Netflix stock slumped 7% after a report on tech website GigaOM called the upcoming Redbox Instant by Verizon a major threat to the dominant player because it will cost less and the aggressive rollout of Redbox kiosks will allow it to offer combined subscriptions even as Netflix tries to wean its users off DVD by mail.

Also this week, Mexican billionaire and media mogul Carlos Slim’s American Movil announced plans to start up a similar streaming service in Mexico called Clarovideo. It’s already present in other Latin American countries, signaling the competitive pressure Netflix faces as it expands overseas.

Popular on Variety

More Digital

  • Issa Rae arrives at the red

    Issa Rae Acquires Stake in Streamlytics, a Streaming-Media Data Startup

    Actress and creator Issa Rae is getting into the streaming data and analytics business. Rae has taken a minority stake in Streamlytics, an L.A.-based startup led by tech entrepreneur Angela Benton, which is aiming to democratize access to streaming media data — with a specific focus on providing data that better reflects the usage of [...]

  • Apple Senior Vice President of Worlwide

    Mysterious AVID Issue Knocks Out Mac Pro Workstations Across Hollywood

    Film and TV editors across Los Angeles were sweating Monday evening as their workstations were refusing to reboot, resulting in speculations about a possible computer virus attack. Social media reports suggested that the issue was widespread among users of Mac Pro computers running older versions of Apple’s operating system as well as AVID’s Media Composer [...]

  • lenovo-mirage-camera_3

    Google’s VR180 Format Stalls After Camera Manufacturers Pull Back

    Google’s plan to establish a new immersive media format on YouTube and beyond has hit a roadblock: VR180, the stereoscopic video format that Google launched with big fanfare in 2017, has lost some of its key supporters, Variety has learned. Camera maker Yi has all but given up on launching its long-promised VR180 consumer camera, [...]

  • UMC-Marriage-Boot-Camp-Hip-Hop-Edition-WE-tv

    WE tv, UMC Reteam on Bonus Content for 'Marriage Boot Camp: Hip Hop Edition' Season 2

    AMC Networks is touting the benefits of cross-pollinating content and promos across its TV and streaming properties. In the latest bit of synergy, the programmer’s WE tv announced the continuation of its partnership with sister company UMC (Urban Movie Channel) to produce a second season of “confessional” episodes for WE tv reality series “Marriage Boot [...]

  • Google Play Pass

    Google Launches Play Pass, Its $4.99 Apple Arcade Competitor

    Google officially launched its Play Pass game and app subscription service Monday morning. Play Pass gives users access to more than 350 premium games and apps for $4.99 per month. The launch comes just a few days after Apple unveiled it own game subscription service Apple Arcade. Apps and games included in this subscription do [...]

  • ESPN - Always Late With Katie

    ESPN Inks Facebook Deal to Bring Exclusive Shows and Content to Watch Service

    Disney’s ESPN is looking to expand digital reach across Facebook, under a new deal to distribute exclusive digital shows and content on the social giant’s Facebook Watch video platform. At launch, ESPN’s Facebook Watch lineup includes additional segments from “Always Late With Katie Nolan,” the late-night sports/comedy show premiering this week on ESPN2; exclusive versions [...]

  • David Benioff, D. B. Weiss, Carolyn

    Emmys 2019: 'Game of Thrones,' Jharrel Jerome Lead Social-Media Buzz

    HBO’s “Game of Thrones” and Jharrel Jerome, star of Netflix’s “When They See Us,” were among the leaders of social conversation during Sunday’s 71st Primetime Emmy Awards on Facebook and Twitter. “GOT” picked up 12 Emmys in total for its final season, including outstanding drama series, while series star Peter Dinklage picked up his fourth [...]

More From Our Brands

Access exclusive content