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In October 2019, Redbox formed its film and TV series acquisition division, Redbox Entertainment, with Marc Danon as senior advisor of content acquisition. [59] Subsequently, Redbox Entertainment exclusively picked up the distribution rights to Assailant, [99] which was released in March 2022, and to Vendetta, [100] which was released in May 2022.
CSSE announced the close of its acquisition of Redbox in August 2020, in a deal valued at $370 million; with the takeover of Redbox, Chicken Soup for the Soul Entertainment assumed $359.9 million ...
Chicken Soup for the Soul acquired Redbox in 2022. At the time, the company billed the merger as the start of an entertainment conglomerate set to reach consumers across mediums and boost revenue, but losses continued to pile up. The acquisition also included the assumption Redbox's reported $325 million in debt.
A media consultant sued Chicken Soup for the Soul Entertainment, alleging he is owed “at least several million dollars” for work he did related to the company’s $370 million acquisition in ...
The acquisition also included the assumption Redbox's reported $325 million in debt. Redbox, founded in 2002, is best known for red-colored, self-serve machines that sit outside of pharmacies or ...
On March 2, 2022, Chicken Soup for the Soul Entertainment announced its acquisition of specialty film distributor, 1091 Pictures, for $15.55 million, in a mix of cash ($8 million) and stock (newly issued Series A preferred stock and Class A common stock). The deal included an estimated 4,000 movies and TV series from the 1091 catalog, as well ...
In this time the company grew from a small number of kiosks to 14,000. Kaplan then served as the president and COO of Coinstar, the parent company of Redbox, after the acquisition of Redbox [ 6 ] He served in this position until 2013, over which time the Coinstar and Redbox businesses increased from $1 billion to $2.2 billion in revenue. [ 7 ]
Redbox shares are surging amid speculation of a continued short squeeze after the company agreed to be acquired by Chicken Soup for the Soul Entertainment.