The following video is part of our "Motley Fool Conversations" series, in which technology analyst and editor Andrew Tonner and consumer goods editor and analyst Austin Smith discuss topics across the investing world.

In a recent announcement, telecom heavyweight Verizon and movie rental specialist Coinstar informed investors they intend to launch a new content streaming joint venture. The implications for the broader entertainment industry could be huge. Verizon has a large base of captive users to whom it could market such a service. Coinstar brings its flagship Redbox brand name and its relationships with content companies. Moreover, this further illustrates how established tech names believe the streaming phenomenon is here to stay.

Andrew Tonner has no positions in the stocks mentioned above. Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of, Google, and Microsoft. Motley Fool newsletter services recommend, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.