Redbox Free Live TV Service Adds FAST Channels From Fremantle, Others

Chicken Soup for the Soul Entertainment April 17 announced it will add free ad-supported streaming television (FAST) channels from Fremantle, Revry, and Love Stories TV to its Redbox Free Live TV service.

The new channels — including The Jamie Oliver Channel, Supermarket Sweep, Revry and Love Stories TV — will soon be available and can be accessed through the Redbox app on devices that include Roku, Samsung TVs, and many others.

The company will soon surpass 180 FAST channels and expects to add significantly more in the coming year. In addition to the new channels from Fremantle, Redbox Free Live TV also features The Price is Right: The Barker Era channel, which runs classic episodes of the hit game show 24 hours a day, as well as Baywatch and Buzzr, the vintage game show channel.

“Our FAST streaming platform gives cost-conscious consumers access to thousands of hours of free content available on over 160 touchpoints,” Adam Mosan, chief digital officer for Chicken Soup for the Soul Entertainment, said in a statement. “These additional channels will offer entertaining programming that our viewers will enjoy for hours, and we are working on adding even more in the coming year.”

The channels coming to Redbox Free Live TV from Fremantle include:

  • The Jamie Oliver Channel, with more than 300 hours of chef Oliver’s programming that includes chop n’chat, travel and seasonal specials;
  • Supermarket Sweep, in which three teams of two battle it out using their grocery shopping skills and knowledge of merchandise to win cash prizes;
  • Sleuth, which offers more than 1,800 hours of U.K. crime and detective series — classic and contemporary — that include “Lovejoy,” “The Bill” and “The Sweeney”; 
  • Quip, which features the British comedy, from sitcoms to sketch show series, including “The IT Crowd,” “Trollied” and “People Just Do Nothing”; 
  • Places & Spaces, with more than 1,500 hours of architecture, interiors and home-related programming, including “Grand Designs,” “Escape to the Country” and “How Clean is Your House?”; and 
  • Cook Chop Chat, which features food, cooking, lifestyle and travel with more than 500 hours of celebrity chefs and cooks, including the Hairy Bikers, Donal Skehan and Lorraine Pascale.

 

Revry is the only LGBTQ-first media network dedicated to the authentic representation of the queer community. Revry’s free ad-supported TV service and on-demand LGBTQ+ movies, series, news and music inspire the exploration of original and classic queer programming for audiences worldwide.

Love Stories TV delivers heartwarming content, superstar experts and real weddings that inspire a passionate audience.

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The Redbox streaming app can be accessed through Roku, Samsung TVs, Vizio TVs, and many others. The app also features an ad-supported video-on-demand (AVOD) streaming platform with thousands of free movies and TV series, access to thousands of movies and TV series to rent or purchase, and more than 160 FAST channels.

Chicken Soup for the Soul Entertainment Posts $56.3 Million Q4 Loss, Announces Common Stock Offering

Chicken Soup for the Soul Entertainment, owner operator of Redbox kiosks and branded live-TV streaming service, among other over-the-top video properties, March 30 disclosed it lost $56.3 million on revenue of $113.6 million in the fourth quarter, ended Dec. 31, 2022. The company posted a net loss of $22.4 million on revenue of $36 million in the previous-year period — about 90 days after it acquired Redbox.

For the fiscal 2022 year, the net loss topped $111 million on revenue of almost $253 million, which compared with a net loss of $59.4 million on revenue of $110.4 million in fiscal 2021.

CSSE announced it would discuss the quarterly and fiscal-year results in a call before the market opens on March 31.

Separately, the company announced it is planning a common stock offering for an undisclosed amount going forward. Earlier this month, the company confirmed the previously disclosed expansion plans of 1,500 Redbox kiosks over the next year, including 1,000 units this year with an existing retail partner.

“As a result of this expanded relationship, we estimate that more than 5,000 Redbox kiosks will be deployed at such retailer’s store locations nationwide by the end of 2024,” CSSE said in the March 20 filing.

CSSE shares dropped more than 21% in after-market trading after ending the day up almost 5%.

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Chicken Soup for the Soul Entertainment Expands ‘Inside the Black Box’ Series Distribution to Fox Soul Platform

Chicken Soup for the Soul Entertainment announced that its original series “Inside the Black Box” will begin streaming its second season March 21 on Fox Soul at 8 p.m. ET/5 p.m. PT. Fox Soul is an ad-supported streaming channel showcasing black culture.

Produced with Publicis Media’s APX Content Ventures, the 10-episode second season is hosted by Emmy winner and NAACP Image Awards recipient Joe Morton (“Scandal,” Terminator 2: Judgment Day) and celebrity acting coach, director, producer and casting director Tracey Moore.

The hosts interact with celebrity guests facilitating discussions about the role race plays in the entertainment industry. Talent featured in the second season includes Debbie Allen (“Grey’s Anatomy,” “Fame”), Keith David (NopeArmageddon), Jeffrey Wright (The Batman, “Westworld”), Malik Yoba (First Wives Club, “Designated Survivor”), Wendell Pierce (“Tom Clancy’s Jack Ryan,” “The Wire,” One Last Thing), Ruben Santiago Hudson (“Billions,” “Castle”), Rob Morgan (“Stranger Things”), and Naturi Naughton (“Power,” “Queens”).

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“We’re thrilled to work with Fox Soul on this important series and expand access to it,” Michael Winter, SVP of programming and development of Chicken Soup for the Soul Entertainment, said in a statement.

The series, which is distributed in North America by Screen Media, a Chicken Soup for the Soul Entertainment Company, can also be streamed for free on Chicken Soup for the Soul Entertainment’s platforms, which include Redbox and Crackle.

QVC, HSN Bring Home Video Shopping to Redbox Free Live TV

QVC and HSN (formally Home Shopping Network) have launched their livestream shopping channels on Redbox’s streaming app, Redbox Free Live TV.

QVC and HSN will offer Redbox’s streamers about 40 hours a day of live video e-commerce programming across both channels. This includes QVC’s “In the Kitchen With David,” which QVC reports is watched in nearly 700,000 homes per hour during each of its two editions per week, and HSN’s “Gotta See G by Giuliana Rancic,” which is watched by more than 270,000 homes per hour across the United States.

“As we continue to build our FAST service, we want to offer a variety of programming for everyone,” Phil Oppenheim, chief content officer of Chicken Soup for the Soul Entertainment, said in a statement.

QVC and HSN join more than 160 channels on Redbox Free Live TV, which is available on the web and as an app on major entertainment platforms, including Roku devices, connected TVs, gaming platforms, and iOS and Android devices. QVC and HSN will appear in the “Travel and Lifestyle” collection alongside about 12 other channels.

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Chicken Soup for the Soul Entertainment’s Redbox streaming app also offers movies and TV series for rent or purchase as well as its AVOD service. Redbox also operates a network of more than 34,000 kiosks across the United States.

Redbox Free Live TV Surpasses 150 FAST Channels

Chicken Soup for the Soul Entertainment on Nov. 4 announced that its Redbox Free Live TV service has surpassed 150 free ad-supported streaming television (FAST) channels.

The service has added Fear Factor, Deal or No Deal, The Biggest Loser  and Wipeout Xtra FAST channels, all from leading producer-distributor Banijay. Other FAST channels added include Cowboy Way, True Crime Now, Paranormal Files and Snowy River.

The Redbox Free Live TV service can be accessed through the Redbox streaming app for free on Roku, Samsung TVs, LG TVs, Vizio TVs, and many other platforms.

“We have been aggressively adding channels to our Redbox Free Live TV service and expect to accelerate that further in the coming months,” Adam Mosam, chief digital officer of Chicken Soup for the Soul Entertainment, said in a statement. “The addition of these addictive evergreen channels combined with hundreds of hours of newly added genre content adds tremendous value to our growing FAST offering.”  

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The new Redbox Free Live TV channels include: 

  • The Biggest Loser — The hit NBC series features 14 overweight contestants who will endure intense workouts and dieting with the goal of becoming The Biggest Loser.
  • Cowboy Way — From artisans who’ve mastered their craft to everyday ranchers out to prove they’re the best of the best, the Cowboy Way channel features a curated lineup that highlights the lives of those fueled with unwavering grit, America’s tried-and-true.
  • Deal or No Deal — The groundbreaking hit game show hosted by Howie Mandel, where contestants play and deal for a top cash prize in a contest of nerves, luck and raw intuition.
  • Fear Factor — “Fear Factor” features contestants willing to put their body and soul on the line for $50,000. It’s not a show for the faint-hearted; participants must confront their most primal fears, try to remain calm, and tap into their inner strength to perform some of the most daring and stomach-churning challenges ever.
  • Paranormal Files — The channel explores the supernatural and secret worlds of UFOs, aliens, hauntings, witches, zombies, vampires, conspiracies, the occult and other extraordinary phenomena.
  • Snowy River — Inspired by Banjo Paterson’s famous poem, “The Man From Snowy River,” this series is about cattle rancher Matt McGregor, his family, and their neighbors in the township of Paterson’s Ridge in Australia’s Snowy Mountains. It stars Guy Pearce, Hugh Jackman and Josh Lucas.
  • True Crime Now — ​​From global documentary streamer MagellanTV, the channel features a collection of more than 1,000 true-crime documentary films and series, with new content added weekly. True Crime Now’s catalog explores everything from notorious serial killers and cult leaders to the worlds of criminal psychology, organized crime, the paranormal and more.
  • Wipeout Xtra — The home of physical and exciting game shows, where viewers can witness unexpected challenges.

Analyst: DVD Rentals Will Drive Redbox’s Digital Transformation

Redbox’s move toward ad-supported VOD, free ad-supported streaming TV (FAST), and transactional VOD is enough to convince Wedbush Securities media analyst Michael Pachter to begin following the stock.

Redbox is in the midst of a reboot, transforming itself from a kiosk disc rental retailer to a multiplatform entertainment distributor. It’s a similar strategy to the one that erstwhile by-mail DVD rental pioneer Netflix employed 14 years ago in transitioning from physical media rentals to subscription streaming.

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Michael Pachter

While much of Wall Street turned its back on packaged media years ago, Pachter contends Redbox’s legacy kiosk business will continue to be a driver of the company’s revenue and digital aspirations. In fact, the analyst believes Redbox only needs to convert from 10% to 15% of its 40 million existing DVD customers to digital to reach more than $1 billion in annual revenue.

Specifically, Pachter contends Redbox’s user base consists primarily of value-conscious customers with inadequate access or disposable income to allow them to stock up on multiple SVOD services. With Redbox pushing free ad-supported streaming, is base users are more likely to recognize the brand and become consumers of advertising on the Redbox channel.

“All the while, these customers are likely to remain loyal to the Redbox [DVD] brand, and we expect the company to capture a reasonable share of consumption of its AVOD and VOD service offering,” Pachter wrote in a note.

For 2023, Redbox is guiding to total revenue of $1.1 billion, with 66% of revenue coming from DVD rentals and the remaining 33% of revenue coming from the growing digital segment. That compares with second-half 2021 projections with 89% of revenue coming from DVD, and 11% from AVOD.

“Redbox’s 39 million loyalty members can [be leveraged] to market digital products…and Redbox makes the transition from disc simple and in-expensive,” Pachter wrote.

OTT.X Panelists Discuss Growth and Challenges of OTT Market

While the OTT market is growing exponentially, OTT players are facing several “pain points,” including the need to improve content discovery, better manage data and compete in an ever-more-crowded marketplace, said panelists Sept. 1 during the OTT.X Fall Summit in Los Angeles.

Clunky content discovery is still a problem for consumers and the OTT services that serve them.

“How do we shorten the distance between discovery and either purchase or consumption, either in terms of clicks or in terms of satisfaction to the customer?” said Chris Yates, GM of Redbox on Demand, adding it’s challenging “helping a customer find what they want to watch quickly and in the business model that matters to them.”

And the problem of discovery is only getting more complicated, especially in the ad-supported space, where the number of players is exploding, noted Colin Petrie-Norris, CEO of Xumo.

“Today across the ecosystem there are maybe 1,500 linear free ad-supported TV (FAST) channels across all the platforms,” he said. “That’s going to be 10,000 in three years’ time.”

Unlike during the rise of broadcast and cable, the barriers to entry in the digital ad-supported marketplace are lower.

“Linear TV or cable TV used to be one of those places you had to have a lot of money to get access to,” Petrie-Norris said. “It is now being democratized. To get a linear national, even global TV channel is now possible for a much more humble budget.”

And that makes for a competitive landscape.

“The biggest challenge is that the FAST space is a gladiator pit where only the strong will survive,” said Erick Opeka, chief strategy officer at Cinedigm.

“Building our audience is the biggest pain point in the sense that there’s an increasingly fragmented distribution environment,” said Philippe Guelton, president of Crackle.

Getting the viewership data for digital content and evaluating what to do with it is a challenge as well.

Some platforms are “walled gardens” and do not share data, Opeka noted.

“In this ostensibly purely digital environment, you would think aggregating data and getting insights from the ecosystem would be much easier,” he said.

Data can also be overwhelming.

“We’re drowning in data and getting really good at making smart decisions out of it is tough,” he said.

Despite the challenges, the market for digital ads is hot.

“We see much more advertising demand than we have supply, which in my 30 years in working in ad-supported media I’ve never seen before,” Guelton said.

“I think advertisers today, frankly they just love the space,” Petrie-Norris added. “It’s all digital. You can track results. … It’s almost magic.”

Still, panelists said that delivering those ads could use some improvement.

Yates pointed to the “coming back soon” screens that pop up sometimes for minutes at a time when an ad doesn’t load.

“That’s an experience that the industry needs to solve,” he said.

Ad placement could also become more attuned to the viewer, perhaps with a smaller load while a consumer is casting around for something to watch and with more ads once the consumer is hooked.

Panelists also addressed the growth of PVOD — a higher-priced digital rental early in or concurrent with the theatrical window — during the pandemic as theaters shuttered.

“The real question is how long is this model sustainable,” Opeka said. “We’ve seen some pretty fantastic revenues out of the few [titles] that we’ve experimented with, way beyond what we would have thought possible … three or four times what we would have thought would be the potential pre-pandemic.”

“The one thing I can predict is if the revenues for PVOD continue to be as astronomical even for independent releases I can almost guarantee the market will be flooded with them,” he added.

Redbox Adds MMA Fighting to Live TV Streaming Platform

Redbox Aug. 30 announced the addition of Anthem Sports & Entertainment’s AXS TV Now and Fight Network to its ad-supported live-TV streaming platform. Redbox Free Live TV previously carried Anthem’s Impact Wrestling channel.

Fight Network is the premier destination for 24/7 combat sports coverage, unleashing more than 300 hours of hard-hitting live fights from top promoters across the globe. Additionally, Fight Network presents a diverse slate of critically acclaimed original programs including Retrospective, Diary, In 60, Fight Network Recharged and After The Fight, as well as an impressive roster of classic fights and compilations.

“Anthem Sports & Entertainment has a wealth of great content that is perfect for our Redbox streaming audience,” Chris Yates, GM of Redbox On Demand, said in a statement. “We’ve already seen success with the Impact Wrestling Channel, and we know Fight Network and AXS TV Now will also be well received by our viewers.”

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Launched in early 2020 with about 30 channels, Redbox Free Live TV is aiming to add 10 channels to the service monthly.

“The expansion of Redbox into live streaming television builds on the company’s commitment to being the go-to entertainment destination for consumers wanting choice and amazing value,” CEO Galen Smith said earlier this year.

Redbox Launches Free Live TV on Samsung Televisions

Redbox Aug. 4 added more ways its 40 million customers can enjoy home entertainment with the addition of its branded Free Live TV streaming platform and Free On Demand content to its app on Samsung Smart TVs. Through the Redbox app, users can browse new release movies for purchase or rent and now stream thousands of hours of ad-supported content.

Redbox Free Live TV and Free On Demand are available on all 2016-21 Samsung TV models.

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“Samsung has been a tremendous partner of Redbox since we launched our digital services, and we’re thrilled we can bring our growing catalog of free content to Samsung Smart TV owners,” Chris Yates, GM of Redbox On Demand, said in a statement.

In 2020, Redbox expanded its digital service to include free, ad-supported content through its Free Live TV and Free On Demand services. The ad-supported streaming video market is expected to grow to $26 Billion by 2023, according to SNL KAGAN 2020.

Redbox Free Live TV has more than 100 linear channels offering movies, television, news, sports, and lifestyle programming. Some of the most channels include Crackle, Popcornflix, Tastemade, Unsolved Mysteries, Cheddar News, Divorce Court and Pac-12 Network.

On Demand features movies and television shows from Chicken Soup for the Soul Entertainment, Shout! Factory, Legendary Television, Magnolia Pictures, and Relativity Media, among others.

Over the past two years, Redbox has transformed into a multi-product entertainment provider with physical (DVD/Blu-ray Disc) and digital options for consumers. Redbox now serves multiple windows and business models, including film distribution, transactional video on demand (TVOD), premium video on demand (PVOD), ad-supported linear and on demand (AVOD).

Redbox Expands Content on Free Live TV and On Demand Platforms

Redbox is expanding its lineup of content available through its free, ad-supported streaming platforms Free Live TV and Free On Demand.

Redbox’s Free Live TV has expanded to 100 linear channels featuring a wide range of channel partners delivering movies, television, news, sports and lifestyle content programmed for Redbox’s 40 million customers. Channels include Crackle, Popcornflix, Tastemade, Unsolved Mysteries, Cheddar News, Divorce Court and Pac-12 Network. Free Live TV is available on Redbox.com, Roku, iOS and Android devices, Android TV, Vizio Smart TVs, LG TVs, Xbox One, Xbox Series X/S, Samsung and Chromecast.

Free On Demand, Redbox’s free ad-supported service, has added to its catalog of movies and television, adding content from Shout! Factory, Legendary Television, Magnolia Pictures and Relativity Media. This Summer 13 (Jason Statham), Empire State (Dwayne Johnson), Solace (Anthony Hopkins) and Child 44 (Tom Hardy), among other titles, will be available on Free On Demand along with hundreds of additional titles. Free On Demand is available on Redbox.com, Roku, Vizio, LG, Xbox One, Xbox Series X/S, and iOS and Android with more devices coming soon.

“We know audiences are hungry for entertainment, and we’ve seen steady growth across Free Live TV and Free On Demand since they were launched in 2020,” Jason Kwong, chief strategy and digital officer at Redbox, said in a statement. “Redbox is building a home for audiences looking for the widest possible selection of entertainment at every price point, including free.”

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Over the past two years, Redbox has transformed into a multi-product entertainment provider with physical and digital options for consumers. In 2020, Redbox expanded its service to include free, ad-supported platforms — Free Live TV and Free On Demand. Redbox now serves multiple windows and business models, including film distribution, transactional video on demand (TVOD), premium video on demand (PVOD), ad-supported linear and on demand (AVOD).

As previously announced on May 17, Redbox entered into a definitive agreement to combine with Seaport Global Acquisition Corp., a publicly traded special purpose acquisition company. The transaction, which is expected to close in the third quarter of 2021, will result in Redbox becoming a publicly traded company on Nasdaq under the ticker RDBX. Redbox expects to use the capital from the transaction to invest in innovation, pay down debt and accelerate the company’s digital transformation.