Redbox partners up to challenge Netflix Video
Redbox partners up to challenge Netflix Video Transcript
It's Tuesday February 7 my twelve and averaging here at cnet.com and it's time to get admitted it's a huge -- -- red box the dvd rental vending machines stationed at tertiary and drugstores. For starters red box will soon be going head to head with Netflix with its own -- listing service Bryson has partnered with red boxes parent company -- -- And release an on demand media streaming service in -- second happen this year. Rice and 65%. Of the venture red box -- the rest. Few details are released but it's expected that this -- national service so it's not just for Verizon -- television customers. This would also be available on a variety of devices. And if that's not -- red box also announced it acquired its biggest competitor the blockbuster express dvd rental kiosks for 100 million dollars. The blockbuster -- machines are owned by a company called and CR which specializes in ATM and seltzer ticket machines. And NCR bought the rights to use the blockbuster brand name there are about 101000 blockbuster express dvd kiosks. Red box owns more than 35000. Dvd kiosks. The transaction is expected to be finalized in the third quarter this year. Google is in development at the pair of glasses that can integrate text and other information in the line of sight of the viewer. You know all those -- by movies like terminator when the computer screen it is overlaid on actual abuse act. Kinda like that they're -- Google goggles and it could connect to Internet and GPS and ideally be used for augmented reality that would tie with Google Maps so. You'll be walking around town and -- info on distort your face he received actions -- way to -- Sources told the website 95 Google. And it looks like a pair of Oakley thump sunglasses and would have a front facing camera you it's your head to scroll and select. Google is also making -- in Kansas City, Missouri and Kansas City in Kansas. Where it's starting to lay fiber optic lines its high speed one Gigabit per second Internet access project. The project was first announced two years ago but. It's been a long process just a survey measured in -- now Google's need to lay fiber for the backbone of the network requires thousands of miles the cable. The data speeds would be a hundred times faster than most Americans have today. Researchers at Johns Hopkins University may help engineers built insects -- drones for spying on enemies. An undergraduate student has set -- high speed high resolution cameras to -- -- exactly how butterflies wings flutter something that's two -- -- an that I. The camera saw butterflies twist and turn their -- similar to -- -- -- uses arms and that's these. Those are your headlines for today average -- for cnet.com and you just been added.
Watch out, Netflix. A new competitor will soon be entering the movie-streaming business. Verizon has announced it will team up with Coinstar, the parent of DVD rental company Redbox. CNET's Kara Tsuboi reports on the details of the partnership and why Netflix needs to worry.
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