Overview

• Redbox's 24,000 DVD rental kiosks will cease operations following the liquidation.
• Chicken Soup for the Soul Entertainment accumulated nearly $1 billion in debt, leading to the bankruptcy.
• Employees have gone unpaid for weeks and lost health benefits due to financial mismanagement allegations.
• A trustee will investigate potential misappropriation of funds meant for employee benefits.
• The decline of physical media and rise of streaming services contributed to Redbox's downfall.