Overview

• Chicken Soup for the Soul Entertainment acquired Redbox in 2022, assuming significant debt.
• The company owes millions to over 500 creditors, including major studios and retailers.
• Employees have not been paid for over a week, and medical benefits were suspended since mid-May.
• A new CEO and board members have been appointed to navigate the bankruptcy proceedings.
• The Delaware bankruptcy court will determine the company's future and potential asset sales.