In case you thought that Redbox Prompt would have hassle competing towards a streaming video behemoth like Netflix, you have been proper. The Verizon-backed service is telling clients that Prompt will shut down simply earlier than midnight on October seventh, roughly a yr and a half after it received off the bottom. Do you have to be a buyer, you will get a discover about any related refunds on October tenth. The closure is not solely shocking — Outerwall (Redbox’s father or mother firm) wasn’t proud of On the spot’s subscriber numbers, and a bank card fraud incident prevented it from taking new clients for 3 months. Nonetheless, this is not excellent news in case you appreciated Redbox’s distinctive hybrid of on-line and kiosk-based mostly leases.

[Thanks, Mike]

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