Redbox Owner Chicken Soup For The Soul Liquidates Assets in Chapter 7 Bankruptcy

Wednesday, 10 July 2024, 22:26

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. The decision marks a significant shift in the company's financial restructuring with far-reaching implications for its operations and stakeholders.
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Redbox Owner Chicken Soup For The Soul Liquidates Assets in Chapter 7 Bankruptcy

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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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