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home / news releases / RDBX - Redbox Acquisition By Chicken Soup: Total Debt Is Too Large

RDBX - Redbox Acquisition By Chicken Soup: Total Debt Is Too Large

Redbox Entertainment Inc.
  • Redbox serves the home entertainment market in the United States.
  • According to a recent announcement delivered in May 2022, the combined entity (Redbox + Chicken Soup) would profit from cross-selling opportunities, and would enhance future EBITDA thanks to economies of scale.
  • Chicken Soup for the Soul Entertainment expects that the combined company will exit 2022 with a run-rate exceeding $500 million of revenue and $100-$150 million of Adjusted EBITDA.
  • Redbox has to pay contractual obligations worth $87 million in 2022, $32 million in 2023, and $301 million in 2024. The total amount of cash in hand is not sufficient to pay future obligations.

For further details see:

Redbox Acquisition By Chicken Soup: Total Debt Is Too Large
Stock Information
Company Name: Redbox Entertainment Inc.
Stock Symbol: RDBX
Market: NASDAQ
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