 | |
| 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 (2002–2009) Outerwall (2005–2016) Apollo Global Management (2016–2021) Chicken Soup for the Soul Entertainment (2022–2024) |
| Divisions | Redbox Entertainment |
| Website | www |
Redbox Automated Retail, LLC was 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.[2]
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][3][4] and controlled more than half of the DVD rental market in the United States.[5][6]
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 while many of Redbox's 26,000 remaining kiosks are still operational, all will eventually be shut down.[7]
- ^ a b c "Redbox Investor Presentation Seaport Global Acquisition Corp" (PDF). Redbox. May 2021. Retrieved June 3, 2021.
- ^ 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.
- ^ Williams, Jake (2024-08-16). "Bankrupt - Redbox" (Video). Bright Sun Films – via YouTube.
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