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Deal with Fremantle adds Free Ad Supported Television (FAST) channels including The Price Is Right: The Barker Era, BUZZR and Baywatch
CHICAGO–(BUSINESS WIRE)–Redbox (Nasdaq: RDBX), a leading entertainment company, today announced it has signed a content deal with Fremantle to further accelerate the company’s free streaming service. The deal adds Free Ad Supported Television (FAST) channels which will make their debut on December 1. They include BUZZR, The Price Is Right: The Barker Era and the Baywatch channel.
“Our partnership with Fremantle will add tremendous value to our free streaming service,” said Chris Yates, General Manager, Redbox On Demand. “These iconic television shows anchor our latest FAST channels, and our customers will soon enjoy even more entertainment from Redbox. We couldn’t be more excited to add them to the platform.”
“At Fremantle we’re on a journey to continue growing our audiences and deliver our great shows via partners who offer the latest content delivery methods,” said Mark Deetjen, Executive Vice President of Global Channels, Fremantle. “Redbox has been an innovator since its inception and its growth in the FAST space reflects our shared goal of making content available to audiences wherever they choose to consume it.”
New FAST channels coming to Redbox’s free streaming service from Fremantle include:
Redbox has aggressively scaled its ad-supported video on demand (AVOD) streaming service to include thousands of popular films and television series in the past year while also growing to more than 120 FAST Channels available on its streaming app, with plans to add more in the coming months.
About Redbox
Redbox (NASDAQ: RDBX) is a leading entertainment company that gives consumers access to a large variety of content across digital and physical media. The company operates a rapidly growing digital streaming service that provides both ad supported (AVOD) and paid movies from Hollywood studios and hundreds of content partners, as well as over 120 channels of free ad supported streaming television (FAST). The Redbox app is available on major entertainment platforms that include Roku devices, connected TVs, gaming platforms, the web as well iOS and Android devices. Redbox also operates its popular kiosks across the US at thousands of retail locations – giving consumers affordable access to the latest in entertainment. The company produces, acquires, and distributes movies through its Redbox Entertainment™ label, providing rights to talent-led films that are distributed across Redbox’s digital and physical services as well as through third-party digital services. Headquartered just outside of Chicago, Redbox has offices in Los Angeles and Seattle. For more information visit www.redbox.com.
Forward-Looking Statements
Certain statements in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements in this release include statements regarding the Redbox management team’s expectations, hopes, beliefs, intentions or strategies regarding the future of its free streaming services. Forward-looking statements are not guarantees of future actions, results, performance or events, which may vary materially from those expressed or implied in such statements. Differences may result from actions taken by Redbox or their management, as well as from risks and uncertainties beyond their control. Such risks and uncertainties include, but are not limited to, changes adversely affecting the business in which Redbox is engaged, the risks associated with demand for Redbox’s services and vulnerability to industry downturns and regional or national downturns, competition from new and existing competitors, Redbox’s dependence upon third parties to provide certain content and services, and general economic and political conditions. The foregoing list of risks and uncertainties is illustrative but by no means exhaustive. For more information on factors that may affect Redbox, please review the “Risk Factors” and other disclosures described in Redbox’s (and previously Seaport Global Acquisition’s) public reports filed with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K as well as the preliminary and the definitive proxy statements filed with the SEC in connection with the solicitation of proxies for the meeting of stockholders that approved the business combination between Redbox and Seaport. These forward-looking statements reflect Redbox’s expectations as of the date of this release. Redbox undertakes no obligation to update the information provided herein.
Contacts
Peter Binazeski
Redbox
peter.binazeski@redbox.com
Kristina Kirk
Fremantle
Kristina.Kirk@fremantle.com
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