Chicken Soup for the Soul Entertainment, an operator of advertising-supported video-on-demand streaming services, completed the acquisition of Redbox, an entertainment company, from Apollo Global, a private equity firm, for $375m. "We believe that Chicken Soup for the Soul Entertainment is the ideal partner for Redbox. By joining forces, we will accelerate Redbox’s transition from a physical to high growth digital media company and be the only entertainment provider truly focused on value for consumers," Galen Smith, Redbox CEO. On August 9, 2022, Redbox stockholders approve merger with Chicken Soup.