Earlier this year, we mentioned that Verizon and Redbox are working on a new video service that could possibly rival Netflix. Well, after Verizon and Redbox announced its official name in July, we’re finally beginning to learn more about Redbox Instant. According to GigaOM, who managed to acquire details of the service, Redbox Instant subscriptions will start around $6 per month while VOD rentals and sales of newer titles is set at $0.99. There’s also an $8 per month Redbox Instant membership that will add four credits to the streaming package which can be redeemed for Redbox DVD rentals.

GigaOM adds that the video catalog of the new service is much smaller than Netflix’s and that it also includes some titles offered by the rival. Redbox Instant will be made available on the following platforms – web, Android, iOS, Xbox 360, and selected TVs and Blu-ray players. There’s no word about its official launch, however beta testers are saying that they won’t be able to “access the DVDs included in their subscriptions at some kiosks until December 17.”

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