Redbox Expands Distribution Footprint of Its Streaming App to the PlayStation 5 Console

Rhea-AI Summary

Redbox has expanded its streaming app availability to the PlayStation 5, offering thousands of Ad Supported Video on Demand (AVOD) movies and over 100 Free Ad Supported Live TV (FAST) channels. The app allows users to rent or purchase new releases like Candyman and Stillwater. Additionally, it will soon be available on PlayStation 4. This expansion is part of Redbox's efforts to grow its streaming service, which now includes popular titles available for free. Redbox is set to combine with Seaport Global Acquisition Corp. (NASDAQ: SGAM, SGAMU, SGAMW) to become publicly traded.

Positive

• Expansion of streaming app to PlayStation 5 and soon to PlayStation 4 increases market access.
• Increased availability of thousands of AVOD titles and 100+ FAST channels enhances user engagement.

Negative

• None.

Thousands of Ad Supported Video on Demand (AVOD) movies and TV shows, as well as over 100 Free Ad Supported Live TV (FAST) channels now available

CHICAGO--(BUSINESS WIRE)-- Redbox, a leading entertainment company, today announced it has expanded the distribution footprint for its streaming app to the PlayStation 5 console. Now available to download for free, consumers will be able to stream thousands of Ad Supported Video on Demand (AVOD) movies and TV shows, as well as over one hundred Free Ad Supported TV (FAST) channels. The app also gives consumers access to new release movies for rent or purchase through its Transactional Video on Demand (TVOD) service including, Candyman starring Jordan Peele and Stillwater starring Matt Damon. Redbox also announced the Redbox streaming app will soon be available on the PlayStation 4 console as well.

Redbox has aggressively ramped its streaming efforts and has grown the number of devices its streaming app is available on and increased the number of titles and channels available for free. Movies streaming this month for free include The Last Witch Hunter starring Vin Diesel, Beverly Hills Ninja starring Chris Farley, and Dick starring Kirsten Dunst and Michelle Williams.

“We’re thrilled that our app is now available on the PlayStation 5,” said Chris Yates, General Manager, Redbox On Demand. “We have so much great content to discover, and we’re constantly adding more films and TV shows, as well as free TV channels. I know PlayStation 5 users will find something to enjoy on Redbox, which will soon be available on PlayStation 4 as well.”

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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211007005358/en/

Peter Binazeski

Redbox

peter.binazeski@redbox.com

Source: Redbox

FAQ

What new features does Redbox offer on PlayStation 5?

Redbox's streaming app provides access to thousands of AVOD movies, over 100 FAST channels, and new release rentals or purchases.

What is the stock symbol for Seaport Global Acquisition Corp?

The stock symbols for Seaport Global Acquisition Corp are SGAM, SGAMU, and SGAMW.

When will Redbox's app be available on PlayStation 4?

The Redbox streaming app will soon be available on PlayStation 4.

What are some movies available for free on Redbox?

Free movies available on Redbox this month include The Last Witch Hunter, Beverly Hills Ninja, and Dick.

How is Redbox expanding its streaming services?

Redbox is ramping up its streaming services by increasing the number of available devices, titles, and channels.