The executive said the company had now reached “a steady state” of film releases, starting Tuesday with Ant-Man and the Wasp: Quantumania, then Creed III and Shazam! Fury of the Gods, followed later in May by Dungeons and Dragons: Honor Among Thieves. Starring Kevin Spacey, Gabriel Byrne, Benicio del Toro, Stephen Baldwin, Kevin Pollak, and. Written by Christopher McQuarrie and directed by Bryan Singer, it’s a thrilling crime mystery that will keep you on the edge of your seat. It’s paying for the privilege of watching ads in most of these cases,” Rouhana said. The Usual Suspects (1995) The Usual Suspects hits your screens this month as part of Redbox’s new releases. I’m sure you’ve all seen the news coming out of media earnings, with studios now simultaneously removing content and increasing prices on their subscription services, forcing consumers to pay more for less.
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“The media landscape continues to shift and pull in a way that pushes more people to free ad supported streaming. Overall, Rouhana highlighted a streaming landscape that he says benefits FAST services and companies such as Redbox. As a result, we expect to see a meaningful increase in rentals at our Redbox kiosks.” Starting in the second half of May and over the next several months, we will have, on average, two or more new release titles a week – many of which will be major releases. “As we saw in March, we’re anticipating that when new release movies begin to appear in our kiosks and our TVOD service consistently, consumers would return to rent. Rouhana, Jr., chairman and chief executive officer of Chicken Soup for the Soul Entertainment. “Our first quarter came in line with our guidance,” said William J.
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The company reported a net loss of $58.6 million, compared with a net loss of $14.1 million a year ago and $56.3 million last quarter.Īmong the business highlights, the company signed FAST deals with AMC Networks, Fremantle, Revry, and Love Stories TV to bring channels such as The Walking Dead, Portlandia, Supermarket Sweep and The Jamie Oliver Channel to its FAST content on Redbox Free Live TV.Ĭhicken Soup for the Soul Sees Return of Theatrical Titles But Sells Stock Amid Tough EnvironmentĪdditionally, the company signed a deal with Amazon Publisher Services to integrate new advertising technologies, including shoppable ads, into its Redbox, Crackle, and Chicken Soup for the Soul apps.
The Redbox and Crackle owner reported net revenue of $110 million for the three months ended March 31, compared with net revenue of $29 million a year ago.
reported improving revenue as the number of theatrical releases pick up at its Redbox kiosks, but growing net losses. Here are the new movies you will find in your local Redbox this week: A Wrinkle in Time. Chicken Soup for the Soul Entertainment Inc.
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