Chicken Soup for the Soul Entertainment, the parent company of Redbox and the streaming service Crackle, has filed for Chapter 11 bankruptcy protection. The company, known for its self-help books and film and television content, disclosed nearly $1 billion in debt. The financial struggles stem from its 2022 acquisition of Redbox, which added $325 million in debt. The company has also missed payments and payroll, impacting around 1,000 employees since June 21st. Major entities such as Walmart, Walgreens, Universal, Sony, and Warner Bros are among those owed money. The company has faced over a dozen lawsuits for unpaid bills, and its lenders are moving to wrest control from the CEO.
The owner of Redbox has filed for bankruptcy with nearly $1 billion in debt, saying a group of lenders was unwilling to consent to potential refinancings https://t.co/lHscW8yMqA
Chicken Soup for the Soul, which once surged on the strength of nurturing content, tumbled deeper into debt after buying DVD provider Redbox. https://t.co/IFVfLcZjM4
Chicken Soup for the Soul Entertainment, which owns movie rental company Redbox and the streaming service Crackle, has entered bankruptcy on rocky footing, with its lenders moving to wrest control from the company's chief executive https://t.co/y2gqESWLvj
Redbox owner Chicken Soup for the Soul crashes into bankruptcy https://t.co/pcWAPyaKq4 https://t.co/GOwa2JfRCR
Redbox owner Chicken Soup for the Soul files for bankruptcy as unpaid bills pile up https://t.co/0a984j0ufw
Another of Our Imploded Stocks Ends in Bankruptcy: Chicken Soup for the Soul Entertainment, 2 Years after its Infamous Redbox Acquisition. Don’t buy anything from a PE firm after Consensual Hallucination runs out? https://t.co/Sz1TFmMFph https://t.co/3GmpRVkEuM
Redbox parent Chicken Soup for the Soul files for bankruptcy https://t.co/TJ6kNUE3zg
Redbox Owner Chicken Soup For the Soul Files For Chapter 11 Bankruptcy Protection https://t.co/wy5T5Tf9Z1
Acquiring Redbox has been a disaster for its new owner: Chicken Soup for the Soul https://t.co/rs7fqvPjGX
Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection https://t.co/z7nIXqo7EO
The parent company of Redbox, has filed for bankruptcy after enduring months of financial struggle. https://t.co/3S15ZNXatP
Redbox Is Finally Deadbox https://t.co/quMTUhLDKX https://t.co/AWo2WuKvmu
The owner of Redbox DVD kiosks just filed for bankruptcy, saying results "failed to meet management’s expectations." https://t.co/3OSWpnIsRv
The owner of Redbox has filed for Chapter 11 bankruptcy after accumulating nearly $1 billion in debt - WSJ https://t.co/YmNChtQkJG
Redbox Parent Chicken Soup for the Soul Files for Bankruptcy https://t.co/7RLsOzQZBT
The owner of Redbox has filed for bankruptcy after accumulating nearly $1 billion in debt https://t.co/aohDGqMjZN
Redbox parent company Chicken Soup for the Soul Entertainment reportedly stopped paying employees, impacting about 1,000 - and has filed for bankruptcy #MacroEdge
Chicken Soup for the Soul Entertainment, in a bankruptcy court filing, disclosed that it was "unable to make payroll for the two-week period ending on June 14, 2024." https://t.co/Z7coNg1Zfb via @Variety
~10 months ago, I wrote this company would file bankruptcy in the next 12-24 months. This weekend, Chicken Soup for the Soul Entertainment filed for Chapter 11. This was an easy one. https://t.co/E0z0DomGWn $CSSE $CSSEL $CSSEP $CSSEN https://t.co/Vt7PwqxctS
Redbox's owner files for bankruptcy https://t.co/0ZITatucM7
Chicken Soup for the Soul, the publisher of once loved self help novels, files for bankruptcy. @Reuters
Chicken Soup for the Soul Entertainment, the parent company of the movie rental company Redbox, which is known for its distinctive red kiosks, filed for Chapter 11 bankruptcy protection on Friday. https://t.co/D9xgPU6Y5V
Redbox's owner has filed for bankruptcy • Employees haven't received paychecks for over a week • Money is owed to major entities including Walmart, Walgreens, Universal, Sony, & Warner Bros • They face over a dozen lawsuits for unpaid bills • Company is nearly $1B in debt https://t.co/AmJ3ziPD6W
🚨🇺🇸 REDBOX OWNER FILES FOR BANKRUPTCY PROTECTION Redbox’s owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy after defaulting on loans, having cars repossessed, and missing payroll. Employees, unpaid since June 21st, were informed of the filing and a… https://t.co/2FAW59pIDz
Redbox, Crackle Owner Files For Bankruptcy https://t.co/vKaH0bclM0 https://t.co/aHGSGCehaR
Chicken Soup For The Soul Entertainment Files For Chapter 11 Bankruptcy Protection https://t.co/WDYGONX3RY
Redbox is an example of how technology transitions can completely wipe out a company. They lost out in the transition from DVDs to streaming, got bought by the Chicken Soup for the Soul company and have now filed for bankruptcy after missing payroll and debt payments. https://t.co/zvPm46RIJM
Owner of DVD rental company Redbox and seller of self-help books Chicken Soup for the Soul files for bankruptcy https://t.co/MyViGuuRMq https://t.co/zSUpsVIV4L
$CSSE Chicken Soup for the Soul Entertainment files for Chapter 11 Bankruptcy protection - Bloomberg TBT all the small cap shit co pumpers long this turd making parallels between this and Netflix et al. It was always grift. Outing yourself as a dumbass if you were long this.
The owner of Redbox has filed for Chapter 11 bankruptcy https://t.co/vWODYPmu6T
I still can't beleive people owned this thing. *Chicken Soup for the Soul Files for Chapter 11 Bankruptcy
Chicken Soup for the Soul Entertainment, Parent of Redbox, Files for Chapter 11 Bankruptcy Disclosing Nearly $1 Billion in Debt https://t.co/Z7coNg1Zfb via @Variety
Chicken Soup for the Soul Entertainment, Parent of Redbox, Files for Chapter 11 Bankruptcy Disclosing Nearly $1 Billion in Debt https://t.co/yhEusdqUJ1
Chicken Soup for the Soul Entertainment — the seller of self-help books, film and television content — filed for bankruptcy after failing to outrun a heavy debt load https://t.co/93lQkOHMEb
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022 (@jank0 / The Verge) https://t.co/alsizXBSMf https://t.co/QaOFvssy3C
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022 (@jank0 / The Verge) https://t.co/u7DUVIxrhM 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/NzEJelrWap
Redbox’s owner files for bankruptcy after repeatedly missing payments and payroll: A Redbox machine from 2015. Redbox’s owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight. This comes at the tail end… https://t.co/0mv5eVT1tH #ai #ainews
Redbox’s owner files for bankruptcy after repeatedly missing payments and payroll https://t.co/l8GRkuzpwL
Redbox Owner Chicken Soup For The Soul Entertainment Files For Chapter 11 Bankruptcy Protection https://t.co/ipsqQYk6yt
Red Box Day. https://t.co/dGzP4P0jHE