Redbox, known for their $1 rentals, is moving beyond movie kiosks, and challenging Netflix while doing so. They hope “to achieve their goal by using a web service�which appears to be a direct step into Netflix’s territory.” Continue reading for a news report on Netflix.

Redbox is losing some business as renters use kiosks to get new releases and go to Netflix for older, harder-to-find titles, said Lowe, who left Netflix in 2002.

[via BusinessweekGizmodo]