11 May Chicken Soup CEO Bill Rouhana on Redbox: ‘That’s a Very Strong Cash-Flowing Business When it’s Normal’ [NextTV]
(ABOVE) A Redbox kiosk
By David Bloom
May 11, 2022 | Its acquisition of struggling Redbox Entertainment fit like interlocking pieces of a jigsaw puzzle with Chicken Soup for the Soul’s various streaming-video holdings, said CSS Chairman and CEO Bill Rouhana hours after the two companies announced a $375 million all-stock deal that leverages the largely complementary offerings of each.
“They built their transactional video business, their PVOD business, their FAST TV business with 130 FAST channels,” said Rouhana of Redbox in an exclusive interview for Next TV. “That’s a perfect fit for what we do with our multiple AVOD networks — Crackle, Chicken Soup for the Soul, PopcornFlix — with our content library with just over 8,000 movies and TV shows that we own and 24,000 television shows and14,000 films that we have AVOD rights to.”
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