Redbox Announces Its Top Movies of 2021 Across Streaming and Kiosks

Rhea-AI Summary

Redbox (NASDAQ: RDBX) has announced its top movies of 2021 across various platforms, with Free Guy leading in On Demand rentals and The Croods: A New Age as the top kiosk rental. The top AVOD title is Texas Killing Fields. Celebrating its 20th anniversary, Redbox continues to expand its digital streaming services and recently surpassed 130 FAST channels in its Free Live TV service. CEO Galen Smith expressed optimism for growth in the digital business in 2022, emphasizing the popularity of their kiosks and streaming services.

Positive

• Increased engagement with streaming services, indicating growth potential.
• Surpassed 130 FAST channels, enhancing content offerings.
• Strong customer preference for kiosks and on-demand titles boosts rental revenue.

Negative

• None.

Free Guy takes top On Demand rental and The Croods: A New Age is top movie rental at Redbox’s nearly 40,000 kiosks

Texas Killing Fields is top AVOD title of 2022

CHICAGO--(BUSINESS WIRE)-- Redbox (NASDAQ: RDBX), a leading entertainment company, today announced the most watched movies in 2021 across its rapidly growing Ad Supported Video On Demand (AVOD), Transactional Video On Demand (TVOD) streaming service, and nearly 40,000 Redbox kiosks. Texas Killing Fields, a crime drama starring Jeffrey Dean Morgan is the top AVOD title; Free Guy, the Ryan Reynolds action comedy, is the top On Demand title; and finally, the adorable stone age animated kids’ movie The Croods: A New Age takes top kiosk rental of 2021.

2022 marks the 20^th anniversary of Redbox bringing the best in entertainment to millions of customers. The company offers content through its nearly 40,000 iconic red kiosks as well as its streaming app which is available on Roku, Samsung, VIZIO, LG, Xbox, PlayStation, iOS, Android, and many other platforms. The Redbox app provides a wide selection of Redbox on Demand movies and TV shows available to stream as well as its Ad Supported Video On Demand (AVOD) streaming service featuring thousands of free movies. In addition, the Redbox Free Live TV service has now surpassed 130 Free Ad Supported Television (FAST) channels offering a wide range of content from The Price is Right: The Barker Era to The Bob Ross channel.

“In 2021, we continued to see growth in our streaming services and our kiosks remain very popular with our customers,” said Galen Smith, CEO of Redbox. “2022 will be a big year for Redbox as we accelerate our digital businesses and celebrate 20 years of bringing the best in entertainment to millions of customers.”

Redbox’s Top 10 Movies of 2021 On Demand

1. Free Guy
2. The Croods: A New Age
3. F9: The Fast Saga
4. Venom: Let There Be Carnage
5. Wrath of Man
6. Greenland
7. A Quiet Place Part II
8. Hitman’s Wife’s Bodyguard
9. The Marksman
10. Nobody

*Based on Transactional on Demand transactions between Jan. 1 through Dec. 31, 2021.

Top 10 Movies At The Kiosk

1. The Croods: A New Age
2. Greenland
3. The Marksman
4. Wonder Woman 1984
5. Wrath of Man
6. News of the World
7. F9: The Fast Saga
8. Nobody
9. A Quiet Place Part II
10. Let Him Go

*Based on DVD and Blu-ray rentals between Jan. 1 through Dec. 31, 2021.

About Redbox

Redbox (NASDAQ: RDBX) is a leading entertainment company that gives consumers access to a large variety of content across digital and physical media. The company operates a rapidly growing digital streaming service that provides both ad supported (AVOD) and paid movies from Hollywood studios and hundreds of content partners, as well as over 128 channels of free ad supported streaming television (FAST). The Redbox app is available on major entertainment platforms that include Roku devices, connected TVs, gaming platforms, the web as well iOS and Android devices. Redbox also operates its popular kiosks across the US at thousands of retail locations – giving consumers affordable access to the latest in entertainment. The company produces, acquires, and distributes movies through its Redbox Entertainment™ label, providing rights to talent-led films that are distributed across Redbox’s digital and physical services as well as through third-party digital services. Headquartered just outside of Chicago, Redbox has offices in Los Angeles and Seattle. For more information, visit www.redbox.com.

Forward-Looking Statements

Certain statements in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements in this release include statements regarding the Redbox management team’s expectations, hopes, beliefs, intentions or strategies regarding the future of the physical rental market and its streaming services. Forward-looking statements are not guarantees of future actions, results, performance or events, which may vary materially from those expressed or implied in such statements. Differences may result from actions taken by Redbox or their management, as well as from risks and uncertainties beyond their control. Such risks and uncertainties include, but are not limited to, changes adversely affecting the business in which Redbox is engaged, the risks associated with demand for Redbox’s services and vulnerability to industry downturns and regional or national downturns, competition from new and existing competitors, Redbox’s dependence upon third parties to provide certain content and services, and general economic and political conditions. The foregoing list of risks and uncertainties is illustrative but by no means exhaustive. For more information on factors that may affect Redbox, please review the “Risk Factors” and other disclosures described in Redbox’s (and previously Seaport Global Acquisition's) public reports filed with the SEC, including its Registration Statement on Form S-1, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K as well as the preliminary and the definitive proxy statements filed with the SEC in connection with the solicitation of proxies for the meeting of stockholders that approved the business combination between Redbox and Seaport. These forward-looking statements reflect Redbox's expectations as of the date of this release. Redbox undertakes no obligation to update the information provided herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220105005374/en/

Peter Binazeski

Redbox

peter.binazeski@redbox.com

Source: Redbox

FAQ

What are the top movies of 2021 from Redbox?

The top movies include Free Guy for On Demand, The Croods: A New Age for kiosk rentals, and Texas Killing Fields as the top AVOD title.

How is Redbox performing in the streaming market?

Redbox is seeing growth in its streaming services, which could enhance its overall market position.

What anniversary is Redbox celebrating in 2022?

Redbox is celebrating its 20th anniversary in 2022.

How many FAST channels does Redbox offer?

Redbox has surpassed 130 Free Ad Supported Television (FAST) channels.

What positive statements did Redbox's CEO make?

CEO Galen Smith highlighted the continued popularity of kiosks and expected acceleration in digital business for 2022.