Redbox Adding More Catalog and Niche Titles to Serve Former Netflix DVD Customers
26 Septembre 2023 - 1:30PM
Business Wire
Former Netflix DVD customers are encouraged to
provide their thoughts on future titles they want to see in
kiosks
Redbox, a Chicken Soup for the Soul Entertainment (NASDAQ: CSSE)
company, today announced it will increase the number of catalog and
niche titles in its kiosks to serve former Netflix DVD customers.
As Netflix closes its DVD operations this week, Redbox has been
working to provide content that the former DVD.com audience will
enjoy in its approximately 29,000 Redbox kiosks nationwide. The
titles will include hard-to-find films such as Ugly Dolls, catalog
titles including Jerry Maguire, and films from third parties that
include Vertical and Decal. These titles are in addition to the
latest films from major studios, which will soon include the
massive hit films Oppenheimer and Barbie.
Starting Friday, September 29, and running through Sunday,
October 1, Redbox will launch on X (formerly known as Twitter) the
social media campaign “Show Us Your Red Envelope.” DVD fans who
respond to Redbox’s tweet calling for customers to share photos of
their Netflix Red Envelopes may receive a free movie night. Former
DVD.com customers can also submit suggestions on the titles they
want to rent in kiosks.
Redbox launched over 20 years ago and has rented over two
billion discs across thousands of titles. That equates to Redbox
DVD cases wrapping around the earth – twice. This year, the most
popular films at Redbox kiosks include The Super Mario Bros. Movie,
Plane, and Cocaine Bear.
“Redbox continues to be a destination for millions of consumers,
and we’re thrilled to expand our kiosk offerings to include
hard-to-find titles and classic movies that everyone enjoys,” said
William J. Rouhana, Jr., chief executive officer and chairman of
Chicken Soup for the Soul Entertainment. “We are expanding our
content offerings at approximately 29,000 kiosks to include
third-party studio titles and new movies such as Barbie and
Oppenheimer, which will be available in the coming months. I look
forward to hearing from former DVD.com customers on the titles they
want to see at our kiosks.”
About Chicken Soup for the Soul Entertainment
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) provides
premium content to value-conscious consumers. The company is one of
the largest advertising-supported video-on-demand (AVOD) companies
in the US, with three flagship AVOD streaming services: Redbox,
Crackle, and Chicken Soup for the Soul. In addition, the company
operates Redbox Free Live TV, a free ad-supported streaming
television service (FAST), with nearly 180 FAST channels as well as
a transaction video on demand (TVOD) service, and a network of
approximately 29,000 kiosks across the US for DVD rentals. To
provide original and exclusive content to its viewers, the company
creates, acquires, and distributes films and TV series through its
Screen Media and Chicken Soup for the Soul TV Group subsidiaries.
Chicken Soup for the Soul Entertainment is a subsidiary of Chicken
Soup for the Soul, LLC, which publishes the famous book series and
produces super-premium pet food under the Chicken Soup for the Soul
brand name.
Forward-Looking Statements and Available Information
This press release includes forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements are statements that are not historical facts. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of management and are not predictions of actual performance. Such
assumptions involve a number of known and unknown risks and
uncertainties, including but not limited to risks relating to our
core strategy, operating income and margin, seasonality, liquidity,
including cash flows from operations, available funds, and access
to financing sources, free cash flows, revenues, net income,
profitability, stock price volatility, future regulatory changes,
price changes, ability to achieve and sustain market acceptance of
our content streaming services and other content offerings, ability
to recruit and retain officers, key employees, or directors,
ability to protect our intellectual property, ability to complete
and integrate into our existing operations future strategic
acquisitions, ability to manage growth, ability to pay dividends
and our debt obligations, as well as evolving regulatory or other
operational risks, and risks presented by changing general market
conditions impacting demand for our services. For a more complete
description of these and other risks and uncertainties, please
refer to Item 1A (Risk Factors) in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2022 filed with the SEC
on March 31, 2023, as amended. If any of these risks materialize or
our assumptions prove incorrect, actual results could differ
materially from the results implied by the forward-looking
statements contained in this press release. Information regarding
the acquisition of Redbox and related transactions is qualified by
reference to the Company’s Current Reports on Form 8-K filed with
the SEC on May 11, 2022 as amended May 12, 2022, June 6, 2022,
August 12, 2022, November 14, 2022 and thereafter from time to
time, and all exhibits filed with respect to such reports. The
forward-looking statements contained in this press release speak
only as of the date hereof and the Company expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20230926108637/en/
(PRESS) Peter Binazeski Chicken Soup for the Soul Entertainment
pbinazeski@chickensoupforthesoul.com
(INVESTOR RELATIONS) Zaia Lawandow Chicken Soup for the Soul
Entertainment zlawandow@chickensoupforthesoul.com
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