Major new franchise releases include
Spider-Man: Across the Spider-Verse, Indiana Jones and The Dial of
Destiny, Transformers: Rise of the Beasts and The Hunger Games: The
Ballad of Songbirds and Snakes
Redbox will leverage its over 40 million
customer loyalty program members to drive traffic to approximately
34,000 kiosks
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) –
one of the largest providers of premium content to value-conscious
consumers, today announced the Company will be taking full
advantage of the strongest theatrical slate in years. Over 40 major
titles are expected to be available this year and early next year
in approximately 34,000 Redbox kiosks and streaming through its
Redbox Transactional Video on Demand (TVOD) and Electronic Sell
Through (EST) platforms.
Beginning with the recent theatrical release of Ant-Man and the
Wasp: Quantumania, the company expects at least one major
theatrical release each week for the remainder of the year. This
year’s theatrical slate includes the latest installments from some
of the highest-grossing film franchises in history, including Creed
III, Scream VI, Shazam! Fury of the Gods, John Wick: Chapter 4,
Guardians of the Galaxy Volume 3, Fast X, The Little Mermaid,
Spider-Man: Across the Spider-Verse, Transformers: Rise of the
Beasts, The Flash, Indiana Jones and the Dial of Destiny, Mission:
Impossible – Dead Reckoning Part One, Barbie, The Marvels, Meg 2:
The Trench, Teenage Mutant Ninja Turtles: Mutant Mayhem, The
Equalizer 3, Dune: Part Two, The Hunger Games: The Ballad of
Songbirds and Snakes, Wonka, Aquaman and the Lost Kingdom,
Ghostbusters 5, among many others.
Redbox kiosks continue to be a destination for millions of
consumers seeking the fastest access to the latest entertainment at
the most affordable price. With this increase in major releases,
the company will offer promotions to over 40 million Redbox
customer loyalty program members to drive traffic to kiosks and
digital platforms.
“After years of COVID-related delays and shutdowns, big movies
are finally back in theaters. Our company is very well positioned
to take full advantage of this massive slate of new release
movies,” said Bill Rouhana, CEO of Chicken Soup for the Soul
Entertainment. “Between our kiosks and digital streaming services,
we can monetize these windows and drive meaningful free cash flow.
We will use some of that expected windfall to pay down debts and
help to expand our operations.”
The Company will also utilize its digital streaming platforms to
offer these movies during premium windows. Premium Video on Demand
(PVOD) and Premium Electronic Sell Through (PEST) will be offered
in many cases right after the theatrical window – allowing the
company to take advantage of studio marketing efforts for broad
awareness.
Beginning in the early PVOD home entertainment window and
subsequent VOD and DVD windows, Redbox customers generally enjoy
the ability to rent major releases like these in just a matter of
days or weeks following theatrical release. The expected theatrical
releases for 2023 are:
Expected TheatricalRelease Month Title Studio
March
Shazam! Fury of the Gods
Warner Bros. John Wick: Chapter 4 Lionsgate Dungeons & Dragons:
Honor Among Thieves Paramount
April The Super Mario Bros.
Movie Universal The Pope's Exorcist Sony Pictures Renfield
Universal Chevalier Searchlight Pictures Evil Dead Rise Warner
Bros. Are You There God? It's Me, Margaret Lionsgate Big George
Foreman: The Miraculous Story of the Once and Future Heavyweight
Champion of the World Sony Pictures Sisu Lionsgate
May
Guardians of the Galaxy Vol. 3 Walt Disney Book Club: The Next
Chapter Focus Features Love Again Sony Pictures Fast X Universal
About My Father Lionsgate The Little Mermaid Walt Disney The
Machine Sony Pictures
June The Boogeyman 20th Century
Studios Spider-Man: Across the Spider-Verse Sony Pictures Strays
Universal Transformers: Rise of the Beasts Paramount The Blackening
Lionsgate Elemental Walt Disney The Flash Warner Bros. Joy Ride
Lionsgate No Hard Feelings Sony Pictures Harold and the Purple
Crayon Sony Pictures Indiana Jones and the Dial of Destiny Walt
Disney
July Insidious 5 Sony Pictures Mission: Impossible
Dead Reckoning Part One Paramount Barbie Warner Bros. Oppenheimer
Universal Haunted Mansion Walt Disney
August The Meg 2: The
Trench Warner Bros. Teenage Mutant Ninja Turtles: Mutant Mayhem
Paramount Gran Turismo Sony Pictures The Last Voyage of Demeter
Universal Blue Beetle Warner Bros. They Listen Sony Pictures White
Bird: A Wonder Story Lionsgate
September The Equalizer 3
Sony Pictures My Big Fat Greek Wedding 3 Focus Features The Nun 2
Warner Bros. A Haunting in Venice 20th Century Studios The Book of
Clarence Sony Pictures The Expendables 4 Lionsgate Next Goal Wins
Searchlight Pictures
October Kraven the Hunter Sony Pictures
True Love 20th Century Studios The Exorcist Universal PAW Patrol:
The Mighty Movie Paramount Dumb Money Sony Pictures The Underdoggs
Universal Untitled Saw Movie Lionsgate
November Dune: Part 2
Warner Bros. The Marvels Walt Disney The Hunger Games: The Ballad
of Songbirds and Snakes Lionsgate Trolls 3 Universal Wish Walt
Disney
December Wonka Warner Bros. Ghostbusters 5 Sony
Pictures Migration Universal Aquaman and the Lost Kingdom Warner
Bros. Source: The-Numbers.com; release dates are subject to change.
About Chicken Soup for the Soul Entertainment
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) provides
premium content to value-conscious consumers. The company is one of
the largest advertising-supported video-on-demand (AVOD) companies
in the US, with three flagship AVOD streaming services: Redbox,
Crackle, and Chicken Soup for the Soul. In addition, the company
operates Redbox Free Live TV, a free ad-supported streaming
television service (FAST), with over 160 channels as well as a
transaction video on demand (TVOD) service, and a network of
approximately 34,000 kiosks across the US for DVD rentals. To
provide original and exclusive content to its viewers, the company
creates, acquires, and distributes films and TV series through its
Screen Media and Chicken Soup for the Soul TV Group subsidiaries.
Chicken Soup for the Soul Entertainment is a subsidiary of Chicken
Soup for the Soul, LLC, which publishes the famous books series and
produces super-premium pet food under the Chicken Soup for the Soul
brand name.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements are statements that are not historical facts. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of management and are not predictions of actual performance. Such
assumptions involve a number of known and unknown risks and
uncertainties, including but not limited to our core strategy,
operating income and margin, seasonality, liquidity, including cash
flows from operations, available funds, and access to financing
sources, free cash flows, revenues, net income, profitability,
stock price volatility, future regulatory changes, price changes,
the ability of the Company’s content offerings to achieve market
acceptance, the Company’s success in retaining or recruiting
officers, key employees, or directors, the ability to protect
intellectual property, the ability to complete strategic
acquisitions, the ability to manage growth and integrate acquired
operations, the ability to pay dividends, regulatory or operational
risks, and general market conditions impacting demand for the
Company’s services. For a more complete description of these and
other risks and uncertainties, please refer to Item 1A (Risk
Factors) in the Company’s Quarterly Report on Form 10-Q for the
three- and nine-month period ended September 30, 2022, filed with
the SEC on November 14, 2022. If any of these risks materialize or
our assumptions prove incorrect, actual results could differ
materially from the results implied by the forward-looking
statements contained in this press release. Information regarding
the acquisition of Redbox and related transactions is qualified by
reference to the Company’s Current Reports on Form 8-K filed with
the SEC on May 11, 2022 (as amended May 12, 2022), June 6, 2022,
August 12, 2022, and November 14, 2022, and all exhibits filed with
respect to such reports and the aforementioned registration
statement. The forward-looking statements contained in this press
release speak only as of the date hereof and the Company expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company’s expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230314005552/en/
(PRESS) Peter Binazeski Chicken Soup for the Soul Entertainment
pbinazeski@chickensoupforthesoul.com
(INVESTOR RELATIONS) Zaia Lawandow Chicken Soup for the Soul
Entertainment zlawandow@chickensoupforthesoul.com
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