UPDATE: NASDAQ: RDBX halted three times today on the way up and is up for the day. Traders scooped up the cheap shares for a 50% move to the upside today after a disastrous morning. The stock is currently up or flat, and with more than 53,000 trades today, continued volatility should be expected.

Chicken Soup for the Soul Entertainment to Acquire Redbox, Creating Premier Independent Entertainment Company

Combination creates leading independent, integrated direct-to-consumer media platformdelivering premium entertainment for value conscious consumers

Forms streaming industrys premier independent AVOD platforms

Management to host conference call and live webcast on May 11, 2022 at 8:30 am ET

COS COB, Conn., May 11, 2022 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE), one of the largest operators of advertising-supported video-on-demand (AVOD) streaming services, and Redbox Entertainment Inc. (Nasdaq: RDBX), a leading entertainment company, have entered into a definitive agreement under which Chicken Soup for the Soul Entertainment will acquire Redbox.

Read entire article here: https://www.globenewswire.com/news-release/2022/05/11/2440722/0/en/Chicken-Soup-for-the-Soul-Entertainment-to-Acquire-Redbox-Creating-Premier-Independent-Entertainment-Company.html