Redbox announces plans to enter streaming business next year

It may not be quite the same obvious transition that Netflix made, but it looks like DVD kiosk company Redbox will soon be making a push of its own into the streaming business. That word comes straight from the CEO of parent company Coinstar, Paul Davis, who told listeners to the company's recent earnings call that it is in "detailed negotiations with a number of highly interested parties" to launch a "Redbox-branded" streaming service sometime next year. That would seem to suggest that Redbox will be relying on a partner already established in the field rather than rolling its own service, but Davis was otherwise light on details, adding only that streaming represents a "significant opportunity" for the company. That doesn't mean Redbox will be getting out of the kiosk business anytime soon, though -- according to Davis, there's still a "long, profitable life ahead" there.