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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Redbox Owner Chicken Soup Makes Another Overture to Netflix for Its Sunsetting DVD Rental Business

Netflix Redbox Chicken Soup Bill Rouhana Dollar General
Redbox

Chicken Soup For the Soul Entertainment, which acquired Redbox under fire-sale circumstances last summer for a mere $375 million in stock and debt assumption, now wants to buy Netflix's sunsetting DVD rental business, too. 

Netflix announced on Tuesday that it will soon shutter the physical media operation that first put it into business 25 years ago. That came a day after Chicken Soup announced from NAB in Las Vegas that it will add 1,500 Redbox DVD rental kiosks in Dollar General Stores nationwide over the next few years, with disc rentals at kiosk locations perking up. 

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