Redbox DVD kiosk owner Chicken Soup for the Soul files for bankruptcy Fortune

News Source : Fortune

News Summary

The media company filed for Chapter 11 protection in Delaware late Friday
Chicken Soup struggled to keep up with its financial obligations after buying DVD rental company Redbox in 2022, court papers show
The company plans to use its bankruptcy to sell off some business units and restructure others, according to court papers

Chicken Soup for the Soul Entertainment Inc. the seller of selfhelp books, film and television content filed for bankruptcy after failing to outrun a heavy debt load.The media company filed for Cha [+2059 chars]

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