Chicken Soup for the Soul Entertainment, Parent of Redbox, Files for Chapter 11 Bankruptcy Disclosing Nearly $1 Billion in Debt
Chicken Soup for the Soul Entertainment, which operates Redbox, Crackle and other businesses, filed for Chapter 11 bankruptcy protection.
Dang I remember this group having a book franchise in the 1990's to 2000's. At one point this company's founders had lots of TV appearances to promote their books when this started.
Chicken Soup for the Soul Entertainment, the entertainment company that operates Redbox, Crackle and other businesses, filed for Chapter 11 bankruptcy protection — after failing to pay employees and vendors for at least the past week.
The company’s June 28 bankruptcy petition was filed in the U.S. Bankruptcy Court for the District of Delaware. In the filing, Chicken Soup for the Soul Entertainment listed total debts of $970 million and consolidated assets of $414 million as of March 31, 2024.
As of March 31, Chicken Soup for the Soul Entertainment reported cash and equivalents of $4.9 million, which included $4.6 million of restricted cash.
Mark Victor Hansen - Wikipedia
Jack Canfield - Wikipedia
Chicken Soup for the Soul - Wikipedia
Redbox Owner Chicken Soup For The Soul Entertainment Files For Chapter 11 Bankruptcy Protection
After months of financial struggles, Redbox parent Chicken Soup for the Soul Entertainment has filed for Chapter 11 bankruptcy protection.