Verizon is killing its Redbox Instant streaming video service, a joint venture with Outerwall’s (formerly Coinstar) Redbox.
According to a post on the company’s website, Verizon announced that that the service will be shut down on Tuesday, October 7, 2014, at 11:59 p.m. Pacific Time.
Current customers will receive emails about available refunds and they can continue watching and use their Redbox kiosk credits until the time of the shutdown.
Verizon didn’t give any reason for putting an end to the partnership, which launched back in March of last year.
At the time of the service’s initial trial, which included 10,000 users, Outerwall said Redbox Instant had the potential to serve 35 million subscribers.
