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A little over a week after its parent company, Chicken Soup for the Soul Entertainment, filed for bankruptcy, the DVD kiosk-rental business — often seen at gas stations, convenience stores and ...
Chicken Soup for the Soul Entertainment has filed for Chapter 11 bankruptcy in Delaware, with nearly $1 billion in debt, two years after purchasing DVD rental company Redbox.
The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle.
In Friday’s filing, Chicken Soup for the Soul noted that it currently operates about 27,000 kiosks across the U.S. — down from 36,000 at the Redbox acquisition was finalized in August 2022.
Chicken Soup for the Soul Entertainment Inc. — the seller of self-help books, film and television content — filed for bankruptcy after failing to outrun a heavy debt load.
Redbox parent Chicken Soup for the Soul Entertainment has shifted its bankruptcy filing from Chapter 11 to Chapter 7, meaning it will liquidate its business. Skip to main content.
Chicken Soup for the Soul owes money to more than 500 creditors, including entertainment companies such as Sony Pictures and Warner Bros. Discovery and retailers Walgreens and Walmart.