Redbox
AMC Theatres Board Adds Former Redbox CFO Sonia Jain
Exhibition giant AMC Theatres is adding more financial expertise to its board as it continues to address debt challenges, saying that it has elected former Redbox CFO Sonia Jain to its board of directors, effective Friday. She will serve as a member of the audit committee of the board. “Jain brings to the board extensive […]
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Chicken Soup for the Soul, Redbox and Crackle Owner, Signals That It’s Open to Dealmaking
Chicken Soup for the Soul is forming a strategic review committee to evaluate its next steps, as the company is in the midst of enacting several cost-savings measures and prioritizing cash flow. “In recent months, we’ve seen an increase in strategic activity within our space,” CEO William J. Rouhana, Jr. said on the earnings call […]
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TikTok Is Coming to Redbox Kiosks in Ad-Driven Deal
TikTok is coming to a Redbox DVD kiosk near you. In an unusual partnership, the short-form video platform has cut a deal with Chicken Soup for the Soul Entertainment, the owner of Redbox, as well as the advertising platform Crackle Connex. The deal will bring content from TikTok to screens on more than 3,000 kiosks […]
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Redbox Owner Interested in Buying Netflix’s DVD Business
Could Netflix’s red DVD envelopes and Redbox’s bright red DVD kiosks someday be part of the same company? Bill Rouhana, the CEO of Redbox owner Chicken Soup for the Soul Entertainment, sure hopes so. “I’d like to buy it,” Rouhana said of Netflix’s DVD business in an interview with The Hollywood Reporter on Wednesday. “I […]
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Chicken Soup for the Soul Sees Return of Theatrical Titles But Sells Stock Amid Tough Environment
After acquiring Redbox in August, Chicken Soup for the Soul Entertainment says it is finally poised to see a bigger return on its investment. “The return of theatrical titles is firmly underway. This return, however, began in earnest, months later than we had anticipated when we acquired Redbox. When looking at 2022 there was only […]
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Epix Veteran Phil Oppenheim Named Chief Content Officer at Chicken Soup for the Soul Entertainment
Chicken Soup for the Soul Entertainment, which owns Crackle, RedBox and a suite of free ad-supported streaming services, has hired Phil Oppenheim to be the company’s chief content officer. Oppenheim will be responsible for all content strategy across the company’s streaming and physical media brands, and will report to Chicken Soup for the Soul Entertainment […]
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Crackle Owner Chicken Soup for the Soul Closes $375M Deal for Redbox
Crackle streaming service owner Chicken Soup for the Soul Entertainment has completed its acquisiton of DVD-focused entertainment firm Redbox to expand its footprint in free ad-supported streaming video. The deal, which will give Chicken Soup stockholders a 76.5 percent ownership of the combined company and Redbox stockholders the remaining 23.5 percent, is the result of […]
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Crackle Owner Chicken Soup for the Soul Entertainment to Acquire Redbox
DVD-focused entertainment firm Redbox is set to get new ownership. The company, best known for its red kiosks which rent out DVDs of films and TV series, has agreed to be acquired by Chicken Soup for the Soul Entertainment, which owns the Crackle streaming service, among other properties (including, yes, the Chicken Soup for the […]
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RedBox Stock Spikes Amid Retail Trader Interest
Shares of RedBox Entertainment have skyrocketed 120 percent in the past five days and analysts are calling on the formerly struggling company to seize the momentum. The stock surge comes after the DVD-kiosk rental company announced in April that it had secured an additional $50 million in financing, which could help support the company as […]
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Redbox Cuts 150 Jobs Citing Pandemic Impact
Digital movie rental player Redbox Entertainment has cut 150 jobs to reduce operating costs amid the pandemic. On Friday, Redbox disclosed in a Securities and Exchange Commission filing that the workforce reduction, completed on March 29, came “in response to the ongoing adverse effects of the COVID-19 pandemic.” The company said the cost-cutting measure would […]
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‘John Wick’ Producers Sign Output Deal With Germany’s Leonine
'John Wick' and 'Sicario' producers Basil Iwanyk and Erica Lee, through their Asbury Park Pictures label, have signed an output deal with German mini-major Leonine Studios.
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Redbox Launches On Demand Service for Digital Movie Rental, Purchase
Films from Disney, which sued Redbox on Dec. 1 over the sale of movie download codes, are not currently available via Redbox On Demand.
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