 | |
| Company type | Subsidiary |
|---|---|
| Nasdaq: RDBX | |
| Industry | Entertainment |
| Founded | 2002 |
| Founder | Gregg Kaplan |
| Defunct | 2024 |
| Fate | Chapter 7 bankruptcy liquidation by parent company |
| Headquarters | , U.S. |
Area served | United States |
Key people | Bill Rouhana, Jonathan Katz |
| Products | Films TV series |
Production output | dvds |
| Services | DVD rental Digital streaming |
| Revenue |  US$546 million[1] (2020) |
| US$114 million[1] (2020) | |
| US$–90 million[1] (2020) | |
| Parent | McDonald's (2002–2008) Outerwall (2008–2016) Apollo Global Management (2016–2021) Chicken Soup for the Soul (2022–2024) |
| Divisions | Redbox Entertainment |
| Website | redbox |
Redbox Automated Retail, LLC is[2] an American video rental and streaming media company, based in Oakbrook Terrace, Illinois. Redbox specializes in its namesake automated DVD rental kiosks, and also operated transactional and ad-supported streaming video and television services. Since 2022, Redbox has been a wholly owned subsidiary of Chicken Soup for the Soul Entertainment.[3]
Redbox kiosks, which rent and sell films on DVD and Blu-Ray, are located at retail stores, including convenience stores, supermarkets, and pharmacies. At its peak in the early 2010s, the company operated kiosks at more than 34,000 locations,[a][4][5] and controlled more than half of the DVD rental market in the United States.[6][7]
In June 2024, Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy; the following month, the company's case was converted to Chapter 7 liquidation. As part of ongoing liquidation proceedings, Redbox's online streaming services and mobile app ceased functioning in July 2024, and all 26,000 remaining Redbox kiosks will eventually be shut down.[2]
- ^ a b c "Redbox Investor Presentation Seaport Global Acquisition Corp" (PDF). Redbox. May 2021. Retrieved June 3, 2021.
- ^ a b Williams, Jake (2024-08-16). "Bankrupt - Redbox" (Video). Bright Sun Films – via YouTube.
- ^ Manfredi, Lucas (2022-05-11). "Redbox to be acquired by Chicken Soup for the Soul Entertainment for $375M". Fox Business. Retrieved 2022-05-12.
- ^ "Globox picks up where Redbox left off". www.kioskmarketplace.com. 2013-10-07. Retrieved 2024-08-19.
- ^ "Redbox Careers". Redbox.com. Retrieved August 1, 2013.
- ^ Williams, Joseph (2021-07-12). "Redbox's SPAC-funded evolution from DVD rentals to digital media". S&P Global. Retrieved 2024-08-19.
- ^ Ellingson, Annlee (26 July 2013). "Redbox controls 50% disc-rental share". L.A. Business First.
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