Chicken Soup for the Soul Entertainment files Chapter 11 bankruptcy due to Redbox acquisition debt.
Chicken Soup for the Soul Entertainment Inc., a media company, filed for Chapter 11 bankruptcy in Delaware, citing difficulty managing debt from a 2022 Redbox acquisition. The company plans to sell off business units and restructure others while raising $20M for the Chapter 11 process. It still operates 24,000 Redbox kiosks and runs a free streaming service, Crackle.
9 months ago
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