Video streaming service Redbox Instant will be closed on October 7

October 5 News, according to foreign media reports, in the distance launched only 1.5 times, due to the streaming video subscription market in the face of strong rival Netflix, the Redbox and Verizon joint operation of streaming media Video service Redbox Instant will be closed on October 7. Redbox Instant subscribers have been notified of the decision in Saturday, and the service's official website also released a notice from Verizon's Redbox Instant team: Thank you for using Verizon's Redbox Instant. Please note that the service will be closed next Tuesday, Pacific Time October 7 11:59. Applicable refund information will be emailed to existing users and posted here on October 10. At the same time, you can continue to watch the movie and use your Redbox kiosk points until Tuesday, the Pacific Time October 7 11:59. We apologize for any inconvenience and thank you for giving us the opportunity to serve you. In addition, a spokesman for Redbox Instant said in an e-mail message: Verizon's Redbox instant Joint management team has decided to discontinue the service, which will come into effect on October 7, 2014, next Tuesday. After careful consideration, both sides of the joint venture made the decision. The service was not as successful as two partners had imagined, and we apologise for any inconvenience that our users may have caused. Before this shutdown, the service had stopped registering new users for three months due to credit card fraud issues. Stopping the registration of new users also causes inconvenience to existing users because existing users cannot add new payments, and users cannot revoke their credit cards until they expire. In fact, rumors about the closure of the service were heard a week earlier, and in Saturday the Redbox Instant spokesman strangely answered no comment when the media asked about the impending closure of the service. Redbox Instant was officially launched in early 2013, with a combination of online and offline sales, but Redbox instant provided far less directory content than rivals Netflix and Amazon's prime streaming video category. The service is virtually non-existent to consumers, and the lack of user numbers makes the parent company very dissatisfied. It is unclear how the service team and Redbox Instant assets will be disposed of. However, it is said that some of the service team engineers will go to Verizon's network video service, Verizon's network video service will be launched sometime next year. When asked if there would be layoffs, Redbox Instant said that while human resources matters are confidential, I can tell you that VerizoN Redbox Instant's team are skilled people who have made a great contribution to the service. In addition, with regard to asset disposal, Redbox instant The official answer is that we are always looking for innovative ways to better serve our users, but this time we do not have the details of the issue. (Tianmen Mountain)