CHICAGO, July 12, 2021 /PRNewswire/ -- Redbox,
America's destination for affordable new-release movies and
entertainment, is expanding its lineup of content available through
its free, ad-supported streaming platform, which includes Free Live
TV and Free On Demand.
Redbox add more free content to its ad-supported free streaming
platforms - Free Live TV and Free On Demand.
Redbox's Free Live TV now has 100 linear channels featuring a
wide range of channel partners delivering movies, television, news,
sports and lifestyle content programmed for the tastes of Redbox's
40 million customers. Some of the most popular Free Live TV
channels include Crackle, Popcornflix, Tastemade, Unsolved
Mysteries, Cheddar News, Divorce Court, Pac-12 Network and many
more. Free Live TV is available to enjoy on Redbox.com, Roku,
iOS and Android devices, Android TV, Vizio Smart TVs, LG TVs, Xbox
One, Xbox Series X/S, Samsung, and Chromecast.
In addition to this, Free On Demand, Redbox's free ad-supported
service, has deepened its catalog of movies and television, adding
content from Shout! Factory, Legendary Television, Magnolia
Pictures, and Relativity Media. This Summer 13 (Jason Statham), Empire State
(Dwayne Johnson), Solace
(Anthony Hopkins) and Child
44 (Tom Hardy), among many
others, will be available on Free On Demand along with hundreds of
additional titles. Free On Demand is available on Redbox.com, Roku,
Vizio, LG, Xbox One, Xbox Series X/S, iOS and Android, & with
more devices coming soon.
"We know audiences are hungry for entertainment, and we've seen
steady growth across Free Live TV and Free On Demand since they
were launched in 2020," said Jason
Kwong, Chief Strategy and Digital Officer, Redbox. "Redbox
is building a home for audiences looking for the widest possible
selection of entertainment at every price point, including
free."
Over the past two years, Redbox has transformed into a
multi-product entertainment provider with physical and digital
options for consumers. In 2020, Redbox expanded its service to
include free, ad-supported platforms - Free Live TV and Free On
Demand - to satisfy demand for free content expected to grow to
$26 Billion by 2023 (SNL KAGAN 2020).
Redbox now serves multiple windows and business models, including
film distribution, transactional video on demand (TVOD), premium
video on demand (PVOD), ad-supported linear and on demand
(AVOD).
As previously announced on May 17,
2021, Redbox entered into a definitive agreement to combine
with Seaport Global Acquisition Corp. (Nasdaq: "SGAM", "SGAMU," and
"SGAMW") ("Seaport Global Acquisition"), a publicly traded special
purpose acquisition company. The transaction, which is expected to
close in the third quarter of 2021, will result in Redbox becoming
a publicly traded company on Nasdaq under the ticker RDBX. Redbox
expects to use the capital from the transaction to invest in
innovation, pay down debt and accelerate the Company's digital
transformation.
About Redbox
Redbox is America's leading destination
for affordable new-release movies and entertainment with more ways
to watch than any other home entertainment provider. Redbox
delivers value and convenience through unparalleled choice across
content, platforms, rental and purchase options, and price points.
The company recently announced a definitive agreement to combine
with Seaport Global Acquisition Corp. (Nasdaq: "SGAM," "SGAMU," and
"SGAMW"), a publicly traded special purpose acquisition company.
The transaction, which will result in Redbox becoming a publicly
traded company, is expected to accelerate Redbox's ongoing
transformation to offer customers and partners a multi-product
experience across physical and digital channels. The company's
expanding streaming offering includes digital rental and purchase
as well as free live TV and free On Demand content, and complements
Redbox's nationwide footprint of more than 40,000 entertainment
kiosks, conveniently located where consumers already shop. Redbox
Entertainment, a new content acquisition and production division,
has further transformed Redbox into a multi-channel content
provider. For more information, visit redbox.com.
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SOURCE Redbox