Redbox Expands Syndication Footprint for Its Branded Free Ad Supported Television (FAST) Streaming Channels to LG Channels Customers

Rhea-AI Summary

Redbox (NASDAQ: RDBX) has partnered with LG Electronics to launch five Free Ad Supported Television (FAST) channels on LG Channels, accessible via LG Smart TVs from 2016-2021. These channels include Redbox Free Movies, War and Westerns, Holiday, Rewind, and Romance, expanding Redbox's streaming footprint. Redbox Free Movies has already launched, offering popular films such as City of Angels and The Postman. This agreement supports Redbox's strategy to grow its digital streaming services and enhance brand visibility through LG's extensive user base.

Positive

• New distribution agreement with LG Electronics expands Redbox's streaming reach.
• Launch of five FAST channels enhances content accessibility for users.
• Redbox Free Movies channel already active, featuring popular titles.

Negative

• None.

Five Redbox channels will soon be available on LG Channels, including Redbox Free Movies, Redbox War and Westerns, Redbox Holiday, Redbox Rewind, and Redbox Romance

CHICAGO--(BUSINESS WIRE)-- Redbox (NASDAQ: RDBX), a leading entertainment company, today announced it has signed a distribution agreement with LG Electronics to include its branded Free Ad Supported Television (FAST) channels as part of LG Channels, which is available on 2016-2021 LG Smart TVs including their critically-acclaimed LG OLED Smart TVs.

Redbox Free Movies is live now on LG Channels. It will be joined by Redbox War and Westerns offering the best wars and classic battles streaming anytime; Redbox Holiday serves up yuletide movies the whole family will enjoy, Redbox Rewind offers movies from the 70s, 80s, and 90s and finally, Redbox Romance will deliver classic rom coms and romantic dramas. The company continues to rapidly scale its streaming business and has expanded its Redbox branded FAST channels, which are offered both in the Redbox streaming app and to select syndication partners.

LG Channels is LG's free streaming service, providing users with a wide selection of premium live and on-demand programming, including movies, TV shows, news, sports, kids, and more. Easily discover your favorite programs by browsing the guide or launching the LG Channels application, both available on 2016 TVs and newer and in 14 countries and growing.

“Redbox is known for being a destination for movies, and these FAST channels will bring a wide range of great movies and TV for viewers via LG Channels,” said Chris Yates, General Manager of Redbox on Demand. “From westerns to holiday favorites to nostalgia, LG’s customers will soon have even more ways to interact with the Redbox brand alongside our streaming app.”

Redbox will begin streaming the following via the LG Channels platform:

• Redbox Free Movies – Movie lovers can watch the most popular movies streaming 24 hours a day – completely free. Now streaming is the Academy Award-nominated City of Angels starring Nicolas Cage and Meg Ryan, The Postman starring Kevin Costner, and First Kill starring Hayden Christensen and Bruce Willis

• Redbox Rewind – Watch favorite movies from the 70s, 80s, and 90s. Films streaming in December include Forever Young starring Mel Gibson, JFK starring Kevin Costner, and The Muppets Take Manhattan

• Redbox War and Westerns – Dusty duels and honor among thieves meets battles from the wars throughout history in this action-packed channel. Movies streaming now include The Duel starring Woody Harrelson and Liam Hemsworth, In the Line of Fire starring Academy Award winner Clint Eastwood, and The Homesman starring Academy Award Winner Tommy Lee Jones and Academy Award Winner Hilary Swank

• Redbox Holiday – Enjoy the yuletide – anytime with holiday romantic comedies. Movies streaming this month include A Very Country Christmas, Snowbound for Christmas, Borrowed Hearts, A Very Corgi Christmas, and A Puppy for Christmas

• Redbox Romance – Love is in the air! Viewers will be able to enjoy movies that warm the heart and soul anytime they want. Coming in January titles include The Seat Filler starring Kelly Rowland, Duane Martin, and Mel B., Reality of Love starring Bradley Cooper, Jason Priestley and Emma Caulfield, and Broken English starring Parker Posey, Drea de Matteo, and Melvil Poupaud

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.

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $56 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, solar energy solutions and vehicle components. LG is a seven-time ENERGY STAR® Partner of the Year. The “Life’s Good” marketing theme encompasses how LG is dedicated to people’s happiness by exceeding expectations today and to-morrow. www.LG.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 its free 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 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/20211213005177/en/

Peter Binazeski

Redbox

peter.binazeski@redbox.com

Source: Redbox

FAQ

What new streaming channels is Redbox offering?

Redbox is launching five new FAST channels: Redbox Free Movies, War and Westerns, Holiday, Rewind, and Romance.

When will Redbox channels be available on LG Channels?

Redbox Free Movies is currently live, with additional channels set to launch soon.

What is the significance of Redbox's partnership with LG Electronics?

The partnership allows Redbox to expand its streaming presence and reach a larger audience through LG's Smart TV platform.

How does Redbox plan to enhance its streaming services?

Redbox aims to grow its digital streaming services by adding more FAST channels and collaborating with syndication partners.

What popular titles are available on Redbox Free Movies?

Redbox Free Movies features popular titles like City of Angels, The Postman, and First Kill.