After months of negotiating, Verizon and Redbox will be launching Redbox Instant later this month, at only $8 per month, putting it at the exact same price as competitor Netflix.
The service will begin a public beta test later in December, and after one free month, Redbox Instant will cost $8 per month. At launch, the service will include movies from Epix, Lionsgate, NBCUniversal, Paramount Pictures, Relativity, Sony Pictures, and Warner Brothers (which is owned by CNNMoney parent company Time Warner).
A monthly subscription includes four credits for one-night DVD rentals from Redbox’s 42,000 kiosks — an advantage over Netflix’s streaming-only $8 plan. For $1 more per month, Redbox Instant customers can upgrade those credits to Blu-ray rentals.