Redbox Ending Instant Streaming Service

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Redbox Instant just couldn't compete with the likes of Netflix and

Redbox is back to focusing on its kiosks. 

Streaming video service Redbox Instant, a joint operation between Verizon Communications and Outerwall's Redbox, is shutting down.

"The joint venture partners made this decision after careful consideration," the companies said in a statement. "The service had not been as successful as either partner hoped it would be."

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Redbox Instant launched last year, but the $6 monthly service was never able to gain much of a foothold opposite more established rivals like Netflix. 

The streaming service will end on Oct. 7. Subscribers will be notified about refund information on Oct. 10. 

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