Redbox Instant, a streaming video service operated by Verizon Communications and Outerwall's Redbox, will shut down next week because the venture has not been as successful as hoped, the two companies announced Saturday.The service, which combined the... If you are a subscriber of Redbox Instant by Verizon, then you only have until 11:59pm PDT on October 7, to enjoy that subscription. Reuters reports that the online streaming service is shutting down this coming Tuesday.