Redbox Expands Popular Perks Program to Transactional Video-on-Demand (TVOD)
29 Agosto 2023 - 1:30PM
Business Wire
Over 40 million Redbox Perks members can now
use and earn reward points when renting or purchasing movies
through the Redbox app, available on a wide range of devices
Redbox, a Chicken Soup for the Soul Entertainment Company
(NASDAQ: CSSE), today announced it has expanded its popular Redbox
Perks loyalty program to now include its Transactional
Video-on-Demand (TVOD) platform. By simply renting or purchasing
movies, consumers can quickly accrue points. They can be exchanged
for free rentals at approximately 29,000 Redbox kiosks or discounts
for TVOD rentals or purchases.
Starting today, over 40 million Redbox Perks members will be
able to access the expanded program, and those who are new to the
program can receive a free one-night rental at a Redbox kiosk or
choose $2 off a movie rental through the Redbox streaming app. The
Redbox streaming app is available on various devices, including
Roku, VIZIO, Samsung TVs, and many others.
“This expansion of our Perks program gives our customers even
more opportunities to redeem for their next rental,” said Maura
Gray, senior vice president of marketing for Chicken Soup for the
Soul Entertainment. “We have consistently heard from our members
their eagerness to engage more with Redbox and enjoy the ability to
redeem points physically and digitally. We’re thrilled to provide
our customers more value and reward them even more for watching
movies with us.”
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/20230829620478/en/
(INVESTOR RELATIONS) Zaia Lawandow Chicken Soup for the Soul
Entertainment zlawandow@chickensoupforthesoul.com
(PRESS) Peter Binazeski Chicken Soup for the Soul Entertainment
pbinazeski@chickensoupforthesoul.com
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