Redbox shuts downbound DVD kiosk-rental playing after Chicken Soup for the Soul Entertainment files execution bankruptcy: inform – Journal Important Web

Redbox is no more.

The DVD kiosk-rental playing is movement downbound after its parent consort regenerate its insolvency filing to Chapter 7 liquidation.

Chicken Soup for the Soul Entertainment, which owns Redbox, was nearly $1 1000000000 dollars in debt and owes jillions of dollars to individual recreation companies.

Variety reportable the company’s 1,000 employees are losing their jobs without some cutting or long benefits.

Chicken Soup for the Soul Entertainment unsuccessful to clear employees and vendors for at small quaternary weeks preceding to its Chapter 11 filing terminal month.

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