Redbox/ Chicken soup for the soul

4
2 months agoOpen For Voting

I am aware that a video was made years ago about Redbox but the company is still around somehow! They just filed for ch. 11 bankruptcy to try and keep the company alive. They are doing some shady things like not paying workers, not funding employee medical insurance, and having company vehicles repossessed due to not paying lenders! The former CEO has been accused of doing unsavory things with company money and was just replaced implying that they see a way forward even with being over 1 billion dollars in debt. Here are a couple of articles explaining some more details.
https://variety.com/2024/digital/news/chicken-soup-for-the-soul-entertainment-redbox-chapter-11-bankruptcy-1236057393/
https://www.theverge.com/2024/7/5/24191963/redbox-chicken-soup-for-the-soul-entertainment-bankruptcy-why