Redbox is a renowned American company that provides self-service kiosks for renting movies and video games. With thousands of kiosks located in various retail locations across the United States, Redbox offers an easy and convenient way for customers to rent and return physical copies of movies and games. Users can browse through the available titles on the kiosk's touch screen, make their selection, and pay for the rental using a credit or debit card. Redbox operates through a simple rental model, allowing customers to rent movies and games for a specified period, usually one to three nights. The company has gained popularity for its affordable pricing and wide selection of entertainment options. Below is the list of lookalike companies of Redbox:
Bill Rouhana, the CEO of Chicken Soup for the Soul, which acquired Redbox for $370 million last year, tells The Hollywood Reporter that Netflix has brushed off his attempts to purchase its DVD business “three or four times” before Netflix announced its decision to sunset the offering on Tuesday.Apr 21, 2023
Is Redbox a profitable company?
Redbox Entertainment reported it lost $140.7 million on revenue of $288.5 million for the fiscal year ended Dec. 31, 2021. That compared with a fiscal loss of $69.5 million and revenue of $546.2 million in 2020.Apr 17, 2022
What did Redbox used to be called?
Redbox company history timeline Originally the kiosks sold convenience store products under the name Ticktok Easy Shop, however in late 2003 McDonald's ended its use of the kiosks for these products. Mitch Lowe joined Redbox in 2003 after spending five years as an executive at Netflix.
Is Redbox still a company?
This would result in Redbox being publicly listed on the Nasdaq under the ticker RDBX. The company officially went public on October 25, 2021. On May 11, 2022, Chicken Soup for the Soul Entertainment announced its intention to acquire Redbox for $375 million. The acquisition was completed on August 11, 2022.
We look into multiple data points: CPP ads data, company description, company employee experience and skills. We also use AI to summarize and extract keywords from the home page of Redbox and compare that with other companies.
Similarity score
We look into multiple data points to determine company similarity score. These data points include:
CPA data
keywords companies bid on display ads on search engines
Company description keywords
Including industry indicators and specialties
Employee description keywords
what people actually do at the company
Publicly available comparison data
such as reviews of competing products/services
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