video on demand

Chicken Soup for the Soul Entertainment acquires Redbox for $375M to accelerate its streaming business

Crackle owner Chicken Soup for the Soul Entertainment, an ad-supported video-on-demand streaming company, acquired Redbox Entertainment, the operator of 38,000 DVD rental kiosks, for $375 million, comprised of $50 million in Chicken Soup stock and the assumption of $325 million in Redbox’s debt. The company is betting on Redbox’s streaming offering to propel it forward […]