Verizon Communications and Outerwall Inc. are pulling the plug on their struggling SVOD service, Redbox Instant by Verizon. The move could be part of Verizon's plans to focus on its own wireless streaming service.
Avail-TVN said it struck deals to supply subscription video-on-demand programming to Verizon's FiOS TV and Redbox Instant, the streaming video service that Verizon and Coinstar plan to launch next year.
Verizon and Coinstar won't launch their Redbox Instant by Verizon joint venture until as late as the second quarter of 2013, Verizon CEO Lowell McAdam said Tuesday.
Verizon has reassigned the leadership team that built its FiOS-TV platform to the streaming video joint-venture it plans to launch later this year with Coinstar's Redbox division.
Redbox and Verizon (NYSE: VZ) may be considering using the brand "Redbox Instant" for their streaming video joint venture, according to U.S. trademark and domain name registrations obtained by