(Telecompaper) Redbox Instant, a streaming video service operated by Verizon Communications and Outerwall's Redbox, announced that it will will shut down on 7 October just before noon Pacific Time. The companies said the venture has not been as successful as hoped, Reuters reported. The service, which combined the Redbox DVD rental kiosk business with a streaming video offering from Verizon, never really took off. Subscribers will receive an email notifying them of the termination of the service. A separate email will be sent on 10 October 10 with details on refunds.