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Verizon's Redbox Instant Video Streaming Service To Shut Down

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A sign hangs in the Verizon booth on the first day of the Consumer Electronics Show in Las VegasNEW 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. ...




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