Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection
- Chicken Soup for the Soul Entertainment, which owns Redbox, has filed for Chapter 11 bankruptcy protection after facing financial challenges for months.
- The company informed its employees through a message that they have applied for a debtor in possession loan as part of the filing.
- Delinquent payroll and suspended benefits were highlighted as recent issues for the company to address.
51 Articles
51 Articles
Associated Press News
Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection
NEW YORK — Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection.
Parent Company of Redbox DVD Kiosks Files for Bankruptcy
The parent company of Redbox has filed bankruptcy, nearly two years after its ill-fated merger with the deeply indebted DVD kiosk operator. Chicken Soup for the Soul Entertainment, which gets its name from the best-selling self-help book series, on June 28 filed for Chapter 11 protection in Delaware, listing assets and liabilities of at least $500 million each. The filing allows Chicken Soup to keep operating while it develops a plan to repay it…
Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy
Chicken Soup for the Soul Entertainment (CSSE) has filed for bankruptcy roughly two years after purchasing DVD rental company Redbox.CSSE, the advertising-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it has accumulated nearly $1 billion in debt owed to more than 500 creditors including Walmart, Walgreens and Sony Pictures.As of the end of March, the company had around $400 million in ass…
Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection
AP Business Writer NEW YORK (AP) — Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection. The bankruptcy filing comes after months of a series of financial struggles for the company and piling unpaid bills. Chicken Soup for the Soul has accumulated nearly $1 billion in debt, the Chapter 11 filing submitted Friday in Delaware bankruptcy court shows. The filing also disclo…
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