Redbox Customer Loyalty Members Name Indiana Jones and the Dial of Destiny as the Most Anticipated Movie Of 2023
- Indiana Jones and the Dial of Destiny named the most anticipated movie of 2023 by Redbox customer loyalty members.
- Redbox's TVOD service experiences increased revenue due to the number of new release movies.
- Positive momentum expected at Redbox kiosks as more new movies become available.
- None.
Mission: Impossible – Dead Reckoning Part One and Aquaman and The Lost Kingdom are also top titles
These and many other highly anticipated movies will be available in Redbox kiosks and digitally through Redbox’s streaming app in the coming months
Redbox kiosks continue to be a destination for millions of consumers seeking the fastest access to the latest entertainment at the most affordable price. The company has seen more consumers renting as new movies have returned to its Transactional Video-on-Demand (TVOD) platform. The Redbox TVOD service recently had its all-time largest revenue weekend for The Super Mario Bros. Movie – which also came to Redbox kiosks this week.
“We continue to see increases in the number of people renting through our Redbox TVOD service due to the number of new release movies,” said William J. Rouhana, Jr., chief executive officer of Chicken Soup for the Soul Entertainment. “Based on the results of the last several weeks, and in particular, the debut of The Super Mario Bros. Movie, we expect positive momentum at the kiosks as more new movies become available.”
The most anticipated movies of 2023 based on a survey of Redbox customer loyalty members are:
- Indiana Jones and the Dial of Destiny
- Mission: Impossible – Dead Reckoning Part One
- Aquaman and the Lost Kingdom
- Transformers: Rise of the Beasts
- Spider-Man: Across the Spider-Verse
- The Marvels
- The Hunger Games: The Ballad of Songbirds and Snakes
- Dune: Part Two
- The Flash
- Expend4bles
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 31,000 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. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230615923935/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
Source: Chicken Soup for the Soul Entertainment
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