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.
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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.
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