The streaming service of the popular video kiosk Redbox is shutting down on Tuesday, the company said, a disappointing end for a service backers hoped would compete with Netflix.
In a online message to Redbox Instant customers, the company said it will only allow streaming until 11:59 p.m. P.T. on Tuesday. Information on refunds will be available by Oct. 10.
Redbox Instant was launched in 2013, powered by Verizon and the company behind Redbox, Outerwall Inc. The service was billed as a direct competitor to Netflix, offering access to thousands of titles for $6 a month, with an extra $2 charge if users wanted to rent up to 4 DVDs. But Redbox had a disappointing second quarter, Tech Times reports, which executives said in July was due to weak movie releases over the summer.
Redbox and Outerwall Inc said Saturday that the streaming service “had not been as successful as either partner hoped it would be.”
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- The Revolution of Yulia Navalnaya
- 6 Compliments That Land Every Time
- What's the Deal With the Bitcoin Halving?
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com