Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy

Fox Business

2024/07/02

Chicken Soup for the Soul Entertainment (CSSE) has filed for bankruptcy roughly two years after purchasing DVD rental company Redbox.

CSSE, the advertising-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it has accumulated nearly $1 billion in debt owed to more than 500 creditors including Walmart, Walgreens and Sony Pictures.

A Redbox automated DVD rental kiosk is seen in Golden, Colorado, Sept. 16, 2009.

As of the end of March, the company had around $400 million in assets, according to the filing. When acquiring Redbox in 2022, CSSE took on $325 million in the DVD rental company's debt.

PARAMOUNT+ PRICE HIKE: HERE'S HOW MUCH STREAMING SUBSCRIPTIONS WILL COST

A Redbox automated DVD rental kiosk is seen in Golden, Colorado, on Sept. 16, 2009.

CSSE is a subsidiary of Chicken Soup for the Soul, LLC., which publishes the famous book series. The company told FOX Business it has no comment beyond the court filing.

RITE AID TO CLOSE OVER TWO DOZEN STORES AMID BANKRUPTCY PROCEEDINGS

READ ON THE FOX BUSINESS APP

CSSE's stock has plummeted nearly 90% over the past year, and was trading at around $0.12 on Monday following the news.

The bankruptcy filing was dated two days after Deadline reported CSSE was nearly a week late in paying its employees, and workers' health care benefits had been suspended.

The filing stated that Redbox currently has around 27,000 DVD rental kiosks at retailers across the U.S.

Original article source: Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2448942477"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2448942477\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2448942477?lang=zh_CN&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/NysYBfqMLN6RQl_k_DZBow--~B/aD03MjA7dz0xMDEwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/fox_business_text_367/49fc084f4907a9edc0c8239b92bfff5b","is_english":true,"pubTime":"2024-07-02 01:56","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2448942477","market":"us","top_or_hot":-1,"title":"Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy","media":"Fox Business","content":"<html><body><p><a href=\"https://laohu8.com/S/CSSEP\">Chicken Soup</a> for the Soul Entertainment (CSSE) has filed for bankruptcy roughly two years after purchasing DVD rental company Redbox.</p>\n<p>CSSE, the advertising-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it has accumulated nearly $1 billion in debt owed to more than 500 creditors including Walmart, Walgreens and Sony Pictures.</p>\n<figure>\n<img src=\"https://s1.yimg.com/uu/api/res/1.2/wthZroUpKvsVN_.PBJ6aXQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/fox_business_text_367/49fc084f4907a9edc0c8239b92bfff5b\"/>\n<figcaption>\n  A Redbox automated DVD rental kiosk is seen in Golden, Colorado, Sept. 16, 2009.\n </figcaption>\n</figure>\n<p>As of the end of March, the company had around $400 million in assets, according to the filing. When acquiring Redbox in 2022, CSSE took on $325 million in the DVD rental company's debt.</p>\n<p><strong>PARAMOUNT+ PRICE HIKE: HERE'S HOW MUCH STREAMING SUBSCRIPTIONS WILL COST</strong></p>\n<figure>\n<img src=\"https://s1.yimg.com/uu/api/res/1.2/qIFjmw75Hx8mgxKkNesTnw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/fox_business_text_367/f694eecaae89238d199c0413c8298bee\"/>\n<figcaption>\n  A Redbox automated DVD rental kiosk is seen in Golden, Colorado, on Sept. 16, 2009.\n </figcaption>\n</figure>\n<p>CSSE is a subsidiary of Chicken Soup for the Soul, LLC., which publishes the famous book series. The company told FOX Business it has no comment beyond the court filing.</p>\n<p><strong>RITE AID TO CLOSE OVER TWO DOZEN STORES AMID BANKRUPTCY PROCEEDINGS</strong></p>\n<p><strong><u>READ ON THE FOX BUSINESS APP</u></strong></p>\n<p>CSSE's stock has plummeted nearly 90% over the past year, and was trading at around $0.12 on Monday following the news. </p>\n<p>The bankruptcy filing was dated two days after Deadline reported CSSE was nearly a week late in paying its employees, and workers' health care benefits had been suspended.</p>\n<p>The filing stated that Redbox currently has around 27,000 DVD rental kiosks at retailers across the U.S.</p>\n<br/>\n<p><em>Original article source:</em> Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy</p>\n<br/></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRedbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 01:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/redbox-dvd-kiosk-owner-chicken-175625537.html><strong>Fox Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chicken Soup for the Soul Entertainment (CSSE) has filed for bankruptcy roughly two years after purchasing DVD rental company Redbox.\nCSSE, the advertising-supported video-on-demand streaming service ...</p>\n\n<a href=\"https://finance.yahoo.com/news/redbox-dvd-kiosk-owner-chicken-175625537.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://finance.yahoo.com/news/redbox-dvd-kiosk-owner-chicken-175625537.html","article_id":"2448942477","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/NysYBfqMLN6RQl_k_DZBow--~B/aD03MjA7dz0xMDEwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/fox_business_text_367/49fc084f4907a9edc0c8239b92bfff5b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448942477","pubTimestamp":1719856585,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicken Soup for the Soul Entertainment  has filed for bankruptcy roughly two years after purchasing DVD rental company Redbox.CSSE, the advertising-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it has accumulated nearly $1 billion in debt owed to more than 500 creditors including Walmart, Walgreens and Sony Pictures.A Redbox automated DVD rental kiosk is seen in Golden, Colorado, Sept. 16, 2009.As of the end of March, the company had around $400 million in assets, according to the filing. When acquiring Redbox in 2022, CSSE took on $325 million in the DVD rental company's debt.CSSE is a subsidiary of Chicken Soup for the Soul, LLC., which publishes the famous book series. The company told FOX Business it has no comment beyond the court filing.CSSE's stock has plummeted nearly 90% over the past year, and was trading at around $0.12 on Monday following the news.The bankruptcy filing was dated two days after Deadline reported CSSE","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4108":"电影和娱乐","CSSEL":"Redbox Entertainment Inc. 22/10/2026 WTS","CSSE":"心灵鸡汤娱乐","BK4216":"消闲设施","DVD":"多佛赛车"},"translate_title":"Redbox DVD亭所有者心灵鸡汤申请破产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSSE":1,"CSSEL":0.9,"CSSEP":1,"DVD":1},"content_text":"Chicken Soup for the Soul Entertainment (CSSE) has filed for bankruptcy roughly two years after purchasing DVD rental company Redbox.\nCSSE, the advertising-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it has accumulated nearly $1 billion in debt owed to more than 500 creditors including Walmart, Walgreens and Sony Pictures.\n\n\n\n  A Redbox automated DVD rental kiosk is seen in Golden, Colorado, Sept. 16, 2009.\n \n\nAs of the end of March, the company had around $400 million in assets, according to the filing. When acquiring Redbox in 2022, CSSE took on $325 million in the DVD rental company's debt.\nPARAMOUNT+ PRICE HIKE: HERE'S HOW MUCH STREAMING SUBSCRIPTIONS WILL COST\n\n\n\n  A Redbox automated DVD rental kiosk is seen in Golden, Colorado, on Sept. 16, 2009.\n \n\nCSSE is a subsidiary of Chicken Soup for the Soul, LLC., which publishes the famous book series. The company told FOX Business it has no comment beyond the court filing.\nRITE AID TO CLOSE OVER TWO DOZEN STORES AMID BANKRUPTCY PROCEEDINGS\nREAD ON THE FOX BUSINESS APP\nCSSE's stock has plummeted nearly 90% over the past year, and was trading at around $0.12 on Monday following the news. \nThe bankruptcy filing was dated two days after Deadline reported CSSE was nearly a week late in paying its employees, and workers' health care benefits had been suspended.\nThe filing stated that Redbox currently has around 27,000 DVD rental kiosks at retailers across the U.S.\n\nOriginal article source: Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}