Redbox Owner Chicken Soup For The Soul Liquidates Assets in Chapter 7 Bankruptcy
Wednesday, 10 July 2024, 22:26
Redbox Owner Liquidates Assets in Chapter 7 Bankruptcy
Chicken Soup for the Soul Entertainment, the parent company of Redbox, has decided to liquidate its business after converting its bankruptcy filing to Chapter 7 from Chapter 11. This move will result in the closure of thousands of Redbox kiosks and the layoff of around 1,000 employees.
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