Welcome to our dedicated page for REDBOX ENTERTAINMENT news (Ticker: SGAMU), a resource for investors and traders seeking the latest updates and insights on REDBOX ENTERTAINMENT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect REDBOX ENTERTAINMENT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of REDBOX ENTERTAINMENT's position in the market.
Redbox Entertainment has acquired U.S. distribution rights to the action-thriller movie Vendetta, which features stars like
Redbox Entertainment has announced that its new western-action film, The Last Son, starring
Directed by
Redbox's ongoing transformation includes a merger with Seaport Global Acquisition Corp. (Nasdaq: SGAM, SGAMU, SGAMW), expected to enhance its multi-product experience.
Redbox has partnered with Oscilloscope Laboratories to enhance its Ad Supported Video on Demand (AVOD) service by offering hundreds of hours of acclaimed films for free. Key titles include We Need to Talk About Kevin, The Messenger, and Howl, which can be streamed on various platforms like Roku and Apple TV. This collaboration aims to increase Redbox's content offerings and solidify its position as a multi-channel entertainment provider. The company is also in a definitive agreement to merge with Seaport Global Acquisition Corp (Nasdaq: SGAM, SGAMU, SGAMW) to become publicly traded.
Redbox Entertainment has acquired North American distribution rights for Muti, an action-thriller featuring Morgan Freeman and Cole Hauser. Directed by George Gallo, the film follows Detective Boyd as he pursues a serial killer linked to a brutal tribal ritual. Supporting cast includes Peter Stormare and Vernon Davis. Recently wrapped filming in Mississippi, the project will also shoot in Italy. Redbox is combining with Seaport Global Acquisition Corp. (NASDAQ: SGAM, SGAMU, SGAMW), which will transform it into a publicly traded entity, enhancing its service offerings.
Redbox has expanded its content agreement with Anthem Sports & Entertainment, adding AXS TV NOW and Fight Network to its free live TV streaming service. This addition enhances Redbox’s offerings, which already includes the IMPACT Wrestling Channel. AXS TV NOW offers over 500 hours of programming, including concerts and original shows, while Fight Network provides 24/7 combat sports content. The partnership aims to accelerate Redbox's transition to a multi-channel content provider, as it prepares to become publicly traded through its merger with Seaport Global Acquisition Corp (NASDAQ: SGAM, SGAMU, SGAMW).
Redbox has appointed Christina Chu as Vice President of Technology, tasked with enhancing the company's streaming platform and kiosk services. With over 20 years of engineering experience, she previously contributed to Fullscreen Media's SVOD product and worked at NBCUniversal, improving their digital media strategies. The company is significantly transforming, having signed a deal to merge with Seaport Global Acquisition Corp. (NASDAQ: SGAM, SGAMU, SGAMW), transitioning to a publicly traded entity aimed at expanding its multi-product offerings.
Redbox has partnered with Game Show Network to introduce three new channels—CINEVAULT 80s, CINEVAULT 70s, and CINEVAULT Westerns—into its free live TV streaming service. Viewers can now enjoy classic movies and game shows 24/7 on various devices, including Roku and iOS. This venture aims to enhance Redbox's streaming offerings and expand its audience reach. The collaboration with Game Show Network is expected to attract family audiences with a mix of nostalgic and contemporary entertainment.
On July 14, 2021, Redbox management presented its future growth plans during an analyst meeting. The company aims to enhance its entertainment offerings across physical and digital channels, leveraging its strong brand and loyal customer base of over 39 million Redbox Perks members. Redbox is set to merge with Seaport Global Acquisition Corp. (SGAM, SGAMU), with the transaction expected to close in Q3 2021, transitioning Redbox to a publicly traded entity. The company anticipates a significant recovery in its physical kiosk business as theaters reopen, and aims to capitalize on the growing $58 billion digital video market.
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.
Redbox Entertainment has secured the North American distribution rights for SHE BALL, a feature film by Nick Cannon, set to release on August 6 in theaters and On Demand. The film, which stars Cannon alongside a cast including Cedric the Entertainer and Chris Brown, explores themes of basketball, race, and justice through the story of Avery Watts trying to save a community center. This acquisition is part of Redbox's strategy to expand its content offerings, following a recent agreement with Seaport Global Acquisition Corp. (SGAM, SGAMU) to become publicly traded.
