Redboxs

Redbox’s owner, Chicken Soup for the Soul, files for bankruptcy

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Looks like physical media rental wasn’t a great investment. The parent company of Redbox, the video rental kiosk often parked inside or outside grocery stores, filed for bankruptcy on June 28. This comes after the company, Chicken Soup for the Soul Entertainment, failed to pay employees, suspended medical benefits, defaulted on loans, and had an … Read more

Redbox’s owner files for bankruptcy after repeatedly missing payments

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Redbox’s owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight. This comes at the tail end of a month in which the DVD rental company defaulted on loans, saw an order for its cars to be repossessed, and missed payroll for employees. Chicken Soup for the Soul Entertainment informed employees of the … Read more