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Wednesday, December 12, 2012 - 9:45pm
(CNN) — Redbox Instant, a long-in-the-works video streaming service, is finally launching.
It is a joint venture between Verizon and Coinstar, which is Redbox's parent company.
The service will begin a public beta test later in the month, and after one free month, Redbox Instant will cost eight dollars per month.
That is the same price as chief rival Netflix.
For a dollar more, Redbox Instant customers will get credits for four D-V-D rentals at Redbox kiosks. Those typically cost just over dollar each.
The program has been nearly two years in the making.