Streaming video service Redbox Instant is shutting down. The service, jointly operated by Redbox and Verizon, will officially close its doors on October 7 at 11:59 p.m. Pacific according to a notice posted on the company’s website.
Rumors of a shutdown started swirling about a week ago although those that have paid close attention to the service likely saw the writing on the wall months ago.
As Gigaom explains, the service disabled new sign-ups starting about three months ago following a credit card fraud issue. In addition to not being able to sign up new members, existing customers with expiring credit cards were simply booted from the system as they couldn’t add a new payment method.
Redbox Instant launched in March 2013 and offered a combination of physical DVD rentals at Redbox kiosks (customers were allowed to rent four discs per month) in addition to online video streaming. Its streaming catalog didn’t come close to matching the size of competitors like Amazon Prime Instant Streaming or even Netflix’s own. It mostly focused on movies instead of television shows which has been the bread and butter for Netflix up to this point.
In the interim, Redbox Instant said customers may continue to stream movies and use their Redbox kiosk credits up until the shutdown date. Information on applicable refunds will be e-mailed to current customers and posted on the company’s website on October 10.