Redbox, the chicken soup from Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest providers of premium content to value-conscious consumers, today announced an expanded partnership agreement with Dollar General Corporation (NYSE:) announced that it had signed 1,500 Redbox kiosks over the next two years. This will bring Dollar General’s number of Redbox kiosks to over 5,000 by the end of his 2024, giving customers quick access to the latest movies.
William J. Rouhana Jr., CEO of Chicken Soup for the Soul Entertainment, said: “As the economy continues to challenge and impact consumers, expanding his Redbox kiosks across the country with Dollar General will provide millions of Americans with greater access to more affordable entertainment. It will be like this.”
The expansion of the Redbox Kiosk comes at a time of rapid increase in theatrical releases. More than 39 major films are set to release in 2023, including the latest from major franchises such as: Spider-Man: Beyond the Spider-Verse, Guardians of the Galaxy Vol.3, Fast X, Mission: Impossible – Dead Reckoning Part 1, Transformers: Rise of the Beasts, Indiana Jones and the Dial of Fate, more. These titles and many others will be available at Redbox kiosks shortly after their theatrical release.
About Seoul Entertainment’s Chicken Soup
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) delivers premium content to value-conscious consumers. The company is one of the largest ad-supported video-on-demand (AVOD) companies in the United States, with his three flagship AVOD streaming services: Redbox, Crackle and Chicken Soup for the Soul. Additionally, the company runs his Redbox Free Live TV. It is a free, ad-supported streaming TV service (FAST) with over 160 channels and a transactional video on demand (TVOD) service, operating a network of approximately 32,000 kiosks nationwide. About DVD rental To provide audiences with original and exclusive content, the company produces, acquires and distributes movies and TV series through Screen Media and Chicken Soup, subsidiaries of Soul TV Group. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC. It publishes a well-known book series and manufactures ultra-premium pet food under the brand name Chicken Soup for the Soul.
Forward-Looking Statements and Available Information
This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions and management’s current expectations, whether or not identified in this press release, and are not projections of actual performance. Such assumptions involve many known and unknown risks and uncertainties. This includes our core strategy, operating income and margins, seasonality, liquidity including cash flow from operations, available cash, access to funding sources, free cash flow, earnings, net income and profitability. , stock price volatility, future regulatory changes, price changes, ability to achieve and maintain market acceptance for our content streaming services and other content offerings, hiring and hiring officers, key employees or directors; ability to maintain, protect intellectual property, complete and integrate future strategic acquisitions into existing businesses, manage growth, pay dividends and pay debts, and evolve regulatory or other business Risks and risks posed by changes General market conditions affecting demand for our services. A detailed description of these and other risks and uncertainties can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 31, 2023. document, item 1A (Risk Factors). Should any of these risks materialize or our assumptions prove incorrect, actual results may differ materially from those implied by the forward-looking statements contained in this press release. there is. Information regarding the acquisition of Redbox and related transactions is qualified by reference to the Company’s current filings on Form 8-K filed with the SEC on May 11, 2022. From 14th April 2022 onwards and from time to time and all documentation submitted in respect of such reports. The forward-looking statements contained in this press release speak only as of the date of this press release, and we reserve the right to update the forward-looking statements contained in this press release to reflect changes in our expectations. We expressly disclaim any obligation or commitment to publicly release any updates or corrections to the statements. with respect to the events, circumstances, or changes in circumstances on which those statements are based;
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Source: Seoul Entertainment’s Chicken Soup