Rumors suggest video streaming service, Netflix, could get purchased by Verizon Wireless for $4.6 Billion. The source also revealed Verizon has been currently looking for a way to minimize costs for video streaming, thus Netflix sounds like an excellent company to get involved with. Netflix is already available for practically every capable Android device, so syncing it within a service would be amazing.
However, we just heard yesterday Verizon was preparing a service with RedBox termed "Project Zeotrope". This service would allow subscribers to pay for credits prior to a media purchase. Then of course, the media would be available for up to 24 hours after a rental. Could Veizon be dealing with both RedBox and Netflix? It seems like they would pick one of the two.
Verizon using Netflix technology to stream both movies and TV shows would practically eliminate the need for their Verizon Video application. Verizon Video already has a great selection with the latest TV episodes on many channels, and tied in with the vast Netflix library it couldn't get much better. Of course, it helps to operate all of this over a WiFi connection - streaming video takes quite the toll on your allowed data usage.