Chicken Soup for the Soul Entertainment, the parent company of Redbox and Crackle, has filed for Chapter 11 bankruptcy protection. The company, which also sells self-help books and film and television content, disclosed nearly $1 billion in debt. This move follows the company's struggle to manage a heavy debt load, including $325 million taken on when it acquired Redbox in 2022. The filing comes after repeated missed payments and payroll issues. Chicken Soup for the Soul also owns DVD rental company Redbox.
Owner of DVD rental company Redbox and seller of self-help books Chicken Soup for the Soul files for bankruptcy https://t.co/id7aQkKVeg https://t.co/zALIwx7PIv
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
EXCLUSIVE: In the latest sign of trouble for Redboxparent Chicken Soup for the Soul Entertainment, the company’s employees say they have not been paid in nearly a week and their medical benefits have been suspended https://t.co/yn6verb5uc
Troubled Redbox Parent Chicken Soup For The Soul Entertainment Is Nearly A Week Late Paying Employees; Medical Benefits Also Cut https://t.co/yn6verb5uc