Redbox Announce New Web-Streaming Coming 2011

A few weeks ago at OSM, we reported on Redbox, the American “Vending DVD Self-Service Kiosks,” that are making their way across the country offering video games for hire. News has filtered through today that in a bid to expand their increasing market status, Redbox will also be introducing new web-streaming next year.

Currently, Redbox give it’s customers the chance to hire the most recent games available for consoles such as PS3, Xbox 360, Nintendo Wii and more. For a small rental fee of $2 per day it will work in the same way as DVD and Blu-ray returns policies. According to Zach at BGR, an announcement was made on Thursday from CEO Paul Davis, who said that the company would be expanding including a streaming product. With stiff competition against it’s counterparts such as Netflix who presently offer a streaming service called ‘Watch Instantly,” it is hoped that once Redbox have introduced their extra service in 2011, this will pave the way for new customers as well as existing.

The new web-steaming will give an unlimited service for a fixed monthly fee. In the past Redbox have fought against and won the battle with Blockbuster in the dominant DVD rental service, can they do the same in the streaming market?

Do you use Redbox for DVD or Game rental? Let us know. To find out more on this log onto BGR.