Redbox Instant by Verizon will debut by the end of the year with four DVD rentals a month and a small library of streaming movies for the same fee as Netflix.
The launch plans for the subscription video joint venture between the kiosk rental company and the telecom giant were detailed for the first time Wednesday, including a price of $8 per month. The service will debut in public beta later this month, the company said, missing its previously stated goal to be completely available by the end of 2012.
Redbox Instant is now expected to come out of public beta in early 2013.
Most of the movies that subscribers will be able to stream on a variety of digital devices will come from Epix, the pay cable channel that offers product from Paramount Pictures ("Jack Reacher"), Lionsgate ("The Hunger Games") and Metro-Goldwyn-Mayer ("Skyfall").
Redbox Instant also has streaming rights to library titles from Warner Bros. However, it does not have older movies from other major studios, such as Universal Pictures and 20th Century Fox, or any television shows. That makes its streaming offering much smaller than competitors Netflix and Amazon Prime, which also offer films from Epix.