RedBox Verizon Streaming Service Delayed Until 2013
Late in First or Early Second Quarter of Next Year
Contrary to rumblings of a December launch, Verizon CEO Lowell McAdam this week stated that Verizon's streaming video joint venture with Redbox had been delayed until early 2013. According to the CEO the service needs more testing before launch
, with McAdam telling reporters that he expected the service to launch late in the first quarter or early in the second of 2013. Recent leaks suggested a December 17 launch was originally planned
. The leaks also noted that the streaming service will attempt to undercut Netflix pricing to gain subscriber share, with unlimited streaming starting as low as $6 a month.