This Summer Enjoy Even More Free Movies and Television Series with Redbox
Redbox is expanding its free, ad-supported streaming platform with the addition of new content across Free Live TV and Free On Demand. The Free Live TV service now offers 100 channels, featuring popular partners such as Crackle and Cheddar News, targeting its 40 million customers. Free On Demand has increased its movie catalog with new titles from various studios. Redbox's ongoing transformation includes a planned merger with Seaport Global Acquisition Corp. (Nasdaq: SGAM, SGAMU), expected to conclude in Q3 2021, allowing Redbox to invest in innovation and reduce debt.
- Expansion of Free Live TV to 100 channels appealing to 40 million customers.
- New content added to Free On Demand from major studios enhancing customer offerings.
- Merger with Seaport Global Acquisition Corp. expected to accelerate growth and innovation.
- None.
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'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
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
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