Ron Burgundy Posted October 4, 2014 Share Posted October 4, 2014 NEW YORK (Reuters) - Redbox Instant, a streaming video service operated by Verizon Communications Inc and Outerwall Inc's Redbox, will shut down next week because the venture has not been as successful as hoped, the two companies announced Saturday. The service, which combined the Redbox DVD rental kiosk business with a streaming video offering from Verizon, was launched in 2013 to compete against online video company Netflix Inc , but never caught on with consumers. Redbox Instant will shut down on Oct. 7th, the companies said in a joint statement. ... View the full article Quote Link to comment Share on other sites More sharing options...
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