Redbox’s owner files for bankruptcy after repeatedly missing payments and payroll
www.theverge.com
It owes money to Universal, Sony, Lionsgate, Warner Bros., and more.
  • xyzzy@lemm.ee
    6·
    5 months ago

    Chicken Soup took on $325 million in debt when it acquired Redbox in 2022 and has since been sued over a dozen times over unpaid bills.

    • MajorHavoc@programming.dev
      61·
      5 months ago

      Yeah. It’s not clear whether RedBox was really doomed to fail, before it was purchased by a scammer investor.

      Sad, either way.