Redbox Shuts Down 24,000 DVD Kiosks as Parent Company Faces Bankruptcy

Thursday, 11 July 2024, 12:39

Redbox, the popular DVD rental kiosk service, is closing down all 24,000 kiosks as its parent company, Chicken Soup for the Soul Entertainment, undergoes Chapter 7 bankruptcy liquidation. This sudden shutdown impacts both consumers and the entertainment industry, marking the end of an era for physical media rentals.

Variety — Redbox Shuts Down 24,000 DVD Kiosks as Parent Company Faces Bankruptcy

Redbox Shutdown Overview:

Redbox, known for its convenient DVD rental kiosks, is ceasing operations due to its parent company's bankruptcy.

Financial Impact:

24,000 Kiosks Closed: All Redbox DVD rental kiosks are being shut down.
Chapter 7 Bankruptcy: Chicken Soup for the Soul Entertainment is undergoing liquidation.

This closure signals a significant shift in the entertainment distribution landscape, with implications for both consumers and the financial health of the company.

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Redbox Shutdown Overview:

Financial Impact:

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