On October 7, we will be losing a video streaming service due to fierce competition. Redbox Instant, a joint venture between Redbox and Verizon, will shutdown after launching less than two years ago. The service struggled to gain subscribers when a credit card fraud issue arose. It also did not help that the content found on Redbox Instant was laughable compared to what Netflix and Amazon offer. The kiosks that helped Redbox gain popularity, though, will be sticking around. It is just this joint venture that is being closed.
Here is the notice left on Redbox Instant’s site:
Thank you for being a part of Redbox Instant by Verizon. Please be aware that the service will be shut down on Tuesday, October 7, 2014, at 11:59 p.m. Pacific Time.
Information on applicable refunds will be emailed to current customers and posted here on October 10.
In the meantime, you may continue to stream movies and use your Redbox kiosk credits until Tuesday, October 7 at 11:59 p.m. Pacific Time.
We apologize for any inconvenience and we thank you for the opportunity to entertain you.
The Redbox Instant by Verizon Team