Redbox has confirmed during its conference call that it’s planning to offer Internet movie streaming in 2011. The CEO of parent company Coinstar, Paul Davis, explained that there were talks with a “number of highly interested parties” hoping to start a Redbox Internet service in 2011. Kiosk rentals will still be the core of their business model, but Internet video was a “significant opportunity,” Davis said.
The executive warned investors not to presume that it would follow the $4 monthly subscription model proposed in a survey earlier this year. It was a “bit premature” to assume that Redbox would follow this model, made popular by Netflix, versus the pay-per-title approach taken by Amazon Video On Demand or Apple’s iTunes.
Redbox hasn’t said what platforms it would target or if mobile would be in the mix.
