Redbox Instant, a joint-venture between Redbox and Verizon that hopes to compete with services like Netflix, has today made its debut on Android and iOS in the form of a private beta. The new app allows subscribers to stream unlimited movies to their devices for $8 a month. Here’s how to get on the waiting list.

When you think of Redbox, you probably don’t think of streaming movies to your TV or smartphone. Redbox has represented the last remnants of paying to rent physical media, but that’s about to change. Today Redbox announced its plans to take on Netflix with its own movie streaming service. Accompanying apps for Android and iOS will come out when the service begins its invite-only rollout later this month.

For $8 per month, Redbox will give you unlimited streaming and four nights of physical DVD rentals from any Redbox kiosk. Pay $1 more and you’ll get four Blu-ray rentals as an upgrade. Netflix customers can either have unlimited streaming or only unlimited DVD rentals for $8 per month.

Okay, so I was being sarcastic about the clever name. Nevertheless, the joint venture announced by Redbox and Verizon back in February has finally given birth to an official name, and that name is Redbox Instant by Verizon. Together, Verizon and Redbox plan on bringing yet another video on-demand streaming and download service to the market. As long as Verizon doesn’t screw it up with pricing, the Redbox kiosk/streaming combo could be a real winner.

In what seems to be a match made in palette heaven, Redbox has found itself a red partner to help expand its video entertainment business into the digital world. Verizon and Redbox have announced a joint venture to combine the famous Redbox new release rentals with content-rich video on-demand streaming. This new venture will package all the services together for an undisclosed subscription price, with hopes of competing against other video subscription services like Nextflix.