redbox-still-exists,-plans-to-go-public

Redbox still exists, plans to go public

If you live in a major metropolitan area with great high-speed internet, you will be forgiven for forgetting Redbox exists. But the company that rents new releases from big red kiosks at grocery stores is still alive and kicking, and Variety is reporting it intends to go public after it was acquired by the special purpose acquisition company (SPAC), Seaport Global Acquisition Corp. The new company is reportedly valued at $693 million.

Redbox has had success operating completely counter to Netflix, Disney Plus, HBO Max, and all the other behemoth streamers that rely on set-top boxes, new TVs, and solid internet to function. According to Redbox, around 70 percent of its customers would be classified as “late adopters.” They’re people who still use CRT TVs, dabble with DSL, and if they’re anything like the Redbox users I know, glare at cloud-based computing suspiciously.

However, despite focusing on what appears to be my mother and her best friend, the company has begun to branch out from kiosks. In February 2020, it launched an ad-supported streaming service and added videos on demand in December 2020.

Redbox told Variety it plans to use the cash from going public to pay down debt and expand its VOD services. With just 40,000 kiosks and 39 million subscribers, it will need to do some rapid expansion to keep up with its rivals. Disney Plus, which launched in 2019, has over 100 million subscribers. Netflix, which Redbox began as a rival to in 2002, has over 200 million.

Redbox is expected to go public in the third quarter this year with the ticker symbol “RDBX.”

arduino-releases-its-wifi-enabled-rp2040-board

Arduino Releases Its WiFi-Enabled RP2040 Board

(Image credit: Future)

Arduino may be the last of the official partners to release its RP2040 powered board, but it seems it may have left the best till last. Here we see the Arduino Nano RP2040 Connect, the first official Raspberry Pi Pico alternative with onboard WiFi.

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(Image credit: Arduino`)

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(Image credit: Arduino`)

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(Image credit: Arduino`)

The Arduino Nano RP2040 Connect is powered by the same RP2040 SoC, a dual-core Arm Cortex M0+ running at up to 133 MHz, 264KB of SRAM, and 16MB of flash memory as the Raspberry Pi Pico, but this is where the similarities end.

The biggest addition is onboard WiFi and Bluetooth 4.2, provided by a u-blox NINA-W102 chip, used on some models of Arduino for the past few years. This means that the 1.7 x 0.7 in (43.18 x 17.78 mm) board is ready for IoT projects with no additional extras. Other notable additions are a built-in mic that you can use for sound activation, audio control, and voice recognition and an Inertial Measurement Unit (IMU) which can be used to measure angular forces, orientation and be used for simple gesture inputs.

The GPIO pin layout does not follow the Raspberry Pi Pico layout; rather, Arduino has quite rightly used the same pinout as previous Arduino Nano boards, such as the Arduino Nano 33 IoT. This means we have 14 digital pins, some of which have double duty for UART, SPI and I2C.  There are also eight analog inputs, the most of any RP2040 board.

Software support comes via the usual options. The Arduino IDE, including version 2.0, is compatible with the Arduino Nano RP2040 Connect. Arduino’s IoT cloud platform is also supported, enabling GUI applications to be written for common data science and remote control projects. Support for MicroPython and CircuitPython will also be present, but tweaks may need to be made to use WiFi / Bluetooth and the onboard sensors.

How much will this board cost? The launch price is €22 (excluding taxes), which converts to around $27, making it currently the most expensive RP2040 board on the market.