Redbox's owner files for bankruptcy after repeatedly missing payments and payroll: The company hasn’t paid employees in over a week and owes money to almost everyone in Hollywood ($970M in debt)
Redbox's owner files for bankruptcy after repeatedly missing payments and payroll: The company hasn’t paid employees in over a week and owes money to almost everyone in Hollywood ($970M in debt)
www.theverge.com Redbox’s owner files for bankruptcy after repeatedly missing payments and payroll
It owes money to Universal, Sony, Lionsgate, Warner Bros., and more.
![Redbox’s owner files for bankruptcy after repeatedly missing payments and payroll](https://lemmy.blahaj.zone/pictrs/image/336057e0-a6f4-4ce8-aa42-a0f869b3b98f.jpeg?format=webp&thumbnail=256)
You're viewing a single thread.
All comments
2
comments
Chicken Soup took on $325 million in debt when it acquired Redbox in 2022 and has since been sued over a dozen times over unpaid bills.
7 0 ReplyYeah. It's not clear whether RedBox was really doomed to fail, before it was purchased by a scammer investor.
Sad, either way.
6 0 Reply