M&A Deal Summary

Chicken Soup Acquires Redbox

On May 11, 2022, Chicken Soup acquired media company Redbox

Acquisition Highlights
  • This is Chicken Soup’s 3rd transaction in the Media sector.
  • This is Chicken Soup’s 5th transaction in the United States.
  • This is Chicken Soup’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-05-11
Target Redbox
Sector Media
Buyer(s) Chicken Soup
Deal Type Add-on Acquisition
Advisor(s) PJT Partners, Inc. (Financial)
Weil Gotshal & Manges LLP (Legal)

Target

Redbox

Oakbrook Terrace, Illinois, United States
website
Redbox DVD rental kiosk outside a Walgreens pharmacy in Duluth, Minnesota.
Redbox DVD rental kiosk outside a Walgreens pharmacy in Duluth, Minnesota.
Redbox is an entertainment company that gives consumers access to a large variety of content across digital and physical media. The company operates a rapidly growing digital streaming service that provides both ad-supported (AVOD) and paid movies from Hollywood studios and hundreds of content partners, as well as over 130 channels of free ad-supported streaming television (FAST). Redbox is based in Oakbrook Terrace, Illinois.

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Buyer(S) 1

Buyer

Chicken Soup

Cos Cob, Connecticut, United States

website


Category Company
Sector Media
Employees151
Revenue 110M USD (2021)
DESCRIPTION

Chicken Soup operates video-on-demand networks delivering content for all types of screens. Chicken Soup was incorporated in 2014 and is based in Cos Cob, Connecticut.


DEAL STATS #
Overall 5 of 5
Sector (Media) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 5 of 5
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 1091 Pictures

Rye, New York, United States

1091 Pictures offer film and series owners full-service distribution to 100+ destinations in 100+ countries with marketing support and a dashboard with distribution insights. 1091 Pictures is based in Rye, New York.

Buy $16M