Tag: Chicken Soup for the Soul Entertainment

Redbox’s corporate parent is at the center of a bombshell lawsuit that reads like a corporate true-crime thriller. A bankruptcy trustee is accusing Chicken Soup for the Soul Entertainment’s former leadership—CEO Bill Rouhana, his wife, and other insiders—of “mismanagement and…

Popcornflix is back online after being quietly sold before Chicken Soup for the Soul Entertainment’s bankruptcy. Now owned by a trust linked to investor David Nagelberg and supported by Future Today, the service has returned while Crackle and Redbox remain…

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…

Chicken Soup for the Soul Entertainment is shutting down after converting its Chapter 11 bankruptcy filing to Chapter 7, leading to the closure of Crackle, Redbox, and Popcornflix. These services have already begun ceasing operations, with content no longer playing…

Kirby Grines explores why Walmart should consider acquiring Redbox from Chicken Soup for the Soul Entertainment, which is currently facing bankruptcy. Redbox's strong presence in middle America and its DVD rental kiosks would complement Walmart's retail network and enhance its…

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…

Chicken Soup for the Soul Entertainment, the parent company of Redbox, filed for Chapter 11 bankruptcy, citing debts of $970 million and assets of $414 million. The company owes significant amounts to major studios like Universal, Sony, Lionsgate, and BBC,…