Tag: bankruptcy

The proposed merger between DirecTV and Dish Network faces a setback as Dish’s bondholders resist a $1.6 billion debt reduction, jeopardizing the deal’s viability. DirecTV, aiming to create a consolidated pay-TV leader, is prepared to abandon the merger if an…

Janko Roettgers dives into the chaotic aftermath of Redbox's bankruptcy and liquidation, detailing the odd and risky behavior surrounding its collapse. Following its Chapter 7 filing, former employees and customers are scavenging DVDs and kiosks, with DVDs flooding eBay and…

Diamond Sports Group secured deals with the NBA and NHL to broadcast 13 NBA and 9 NHL teams for the 2024-25 season, marking progress in its ongoing bankruptcy proceedings. However, Amazon withdrew a $115 million investment, citing Diamond's loss of…

Redbox’s streaming service and DVD rentals will cease operations after its parent company, Chicken Soup for the Soul Entertainment, converted its bankruptcy to Chapter 7, forcing asset liquidation. This shutdown affects other streaming services under the same parent company, including…

U.S. Bankruptcy Court judge has given preliminary approval for $8 million in debtor-in-possession funding for Chicken Soup for the Soul Entertainment (CSSE), owner of Redbox Entertainment. The loan aims to pay the company's 1,000 employees and avoid immediate harm to…

Redbox technicians faced a sudden work stoppage in June due to severe financial troubles. Chicken Soup for the Soul Entertainment, which acquired Redbox in 2022, filed for bankruptcy with nearly $1 billion in debt. Issues include unpaid payroll, lapsed health…