Basil Iwanyk Entertainment film 2020 Company Basil Iwanyk

Redbox to Go Public in Deal With SPAC, Company Valued at $693 Million

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variety.com

Todd Spangler NY Digital EditorRedbox, the DVD-rental kiosk and streaming company, is going back to the public markets.On Monday, Redbox announced that it reached a definitive agreement to combine with Seaport Global Acquisition Corp., a publicly traded special purpose acquisition company (SPAC) in a deal giving the combined company an enterprise value of $693 million.Strategic investors backing Redbox’s SPAC deal include Lionsgate, Legendary Entertainment, Screenvision and Basil Iwanyk, producer of the “John Wick” film series and founder of Thunder Road Films.“Today’s announcement brings us one step closer to building an entertainment ecosystem and underscores our steadfast commitment to enhancing our customer value proposition,” Galen.

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