Redbox

Redbox Owner Files for Chapter 11 Bankruptcy – Here’s What You Need to Know

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New York – Chicken Soup for the Soul Entertainment, the parent company of popular DVD rental service Redbox, recently filed for Chapter 11 bankruptcy protection due to financial struggles and mounting debts. The filing, submitted in Delaware bankruptcy court, revealed that the company has accumulated nearly $1 billion in debt after facing consistent losses in recent quarters. With over 500 creditors, including industry giants like Sony Pictures and Warner Bros, Chicken Soup for the Soul …

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Redbox Parent Company Files for Bankruptcy: $1 Billion Debt Revealed!

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New York – Chicken Soup for the Soul Entertainment, the parent company of Redbox kiosks, has recently filed for bankruptcy amidst financial challenges. With nearly $1 billion in debt and owing millions of dollars to various entertainment companies and retailers, the company’s future is uncertain. According to recent filings, Chicken Soup for the Soul Entertainment took on significant debt following its acquisition of Redbox in 2022. The original plan was to create an entertainment conglomerate …

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