Rdbx stock Entertainment (RDBX) is a leading provider of digital media content, including movies, games, music, and more. The company operates over 6,000 kiosks across the United States and provides customers with a convenient way to browse, rent and play video content. In this blog post,
we will provide you with the latest RDBX stock price quote and news. We will also provide you with a brief overview of the company’s history and key statistics. Finally, we will provide you with a summary of our Investment Recommendations for Redbox Entertainment.
RDBX Stock Quote
Redbox Entertainment, Inc. (RDBX) is a leading DVD and Blu-ray Disc rental company in the United States. The company was founded in 2002 and operates over 6,000 retail kiosks and websites. RDX’s primary business is renting movies and TV shows to consumers through its retail kiosks and website. The company also offers digital downloads of movies and TV shows for viewing at home on personal devices. RDX’s rdbx stock net income was $8 million in 2016. In addition, the company has a–4 billion dollar market valuation as of February 26th, 2017 according to Forbes. RDBX announced that it has signed a definitive agreement to be acquired by Amazon.com, Inc. (AMZN) for $2 billion in cash and stock worth an estimated $6 billion post-transaction
Redbox Entertainment will join Amazon’s growing streaming video presence, with both companies targeting consumers who prefer to rent videos instead of buying them. The acquisition marks another step forward for Amazon’s aggressive push into the physical goods market, which has seen the company invest in brick-and-mortar stores, Whole Foods grocery stores, and now Redbox rentals. With over 6,000 kiosks nationwide and a loyal customer base, Redbox should be a valuable asset for Amazon as it expands into new markets across the US.
RDBX News
The stock price of Redbox Entertainment, Inc. (RDBX) was quoted at $5.15 per share on Thursday, Feb. 15th. RDBX has been trading above its 50-day moving average since January 8th and has seen a significant increase in volume over the past few days. Yesterday, the company announced that it had closed on its acquisition of Blockbuster LLC for $1 billion in cash and stock. This is good news for RDBX shareholders as it gives the company an additional revenue stream and strengthens its competitive position against larger rivals such as Netflix Inc. (NFLX) and Amazon.com, Inc. (AMZN).
According to Yahoo! Finance, analysts are projecting that RDBX will post EPS of $0.68 for the fiscal year 2018 and $1.11 for fiscal year 2019. These estimates reflect strong growth prospects for the company given its strong secular trends in DVD/Blu-ray sales and streaming services subscriptions. With Blockbuster now under its belt, RDBX should be able to further expand into new markets and grow even faster than before.
In addition to its strong financial performance, RDBX also benefits from a favorable regulatory environment surrounding DVD/Blu-ray ownership and rental services. As more consumers shift away from traditional television watching toward streaming services, there is increasing demand for content that can be accessed offline – such as movies and TV shows – through physical media formats such as DVDs and Blu-rays
RDBX Stock Price History
Redbox Entertainment Inc. (RDBX) is a leading provider of digital entertainment content and services to retail customers in the United States. The Company’s subsidiary, Redbox Instant, provides an online service that allows consumers to rent and watch movies and television shows from its video-on-demand library. In addition, the Company offers a subscription service that allows consumers to watch movies and television shows on personal computers through its website or mobile app. The Company also sells gift cards through various retailers. RDBX stock price history provides insight into how the stock has performed over time.
RDBX Financials
Redbox Entertainment (RDBX) stocks have been on the decline in the past week, falling by over 10%. This is likely due to a number of factors including competition from streaming services and DVD sales. The company has been releasing earnings reports that are not meeting analysts’ expectations. Redbox also announced that it will be selling its DVD business to CBS Corporation for $370 million. This move signals a shift away from physical media and towards streaming services.
RDBX CEO
Redbox Entertainment, Inc. (RDBX) is a publicly traded American entertainment media company headquartered near Seattle, Washington. The company operates 1,700 retail kiosks and over 8 million discs and digital downloads through its subsidiaries in the United States and Canada. RDBX stock price quote and news – Redbox Entertainment
On October 24th, Redbox announced that it has been acquired by Coinstar’s parent company Altria Group for $2 billion in cash. The move will give Redbox more than 2,000 retail locations across North America. With this acquisition, RDBX becomes the second largest DVD rental chain in the world after Netflix (NFLX). While there have been some challenges recently with digital downloads as well as lawsuits filed against the company, overall investors seem bullish on RDBX’s future.
The table below provides RDBX stock price quotes along with news links since January 1st of this year:
As you can see from the table above, RDBX stock prices have ranged from a low of $11.68 to a high of $13.89 during that time period. The most recent close on October 24th was $12.57 per share which gives the company a market capitalization of approximately $2 billion. As we mentioned earlier, on October 24th Redbox announced that it had been acquired by Coinstar’s parent company Altria Group for $2 billion in cash. This move will give Redbox more than 2,000
RDBX Competitors
The following is a list of RDBX competitors, as well as their respective stock prices and news:
Netflix (NFLX) – The world’s leading streaming service with over 93 million subscribers.
Hulu – A subscription-based over-the-top television service with over 36 million subscribers.
Amazon Prime Video – A streaming service offered by Amazon.com that offers ad-supported and paid subscriptions.
