The owner of Redbox will shut down its business in bankruptcy, lay off more than 1,000 employees and appoint a trustee to investigate allegations of self-dealing and mismanagement by its ...

Redbox will officially shut down after 22 years due to its parent company, Chicken Soup for the Soul Entertainment, converting its Chapter 11 bankruptcy case to a Chapter 7 liquidation proceeding ...

Redbox peaked all the way back in 2013 at over $1.97 billion in revenue and more than 43,000 kiosks across the U.S. and Canada. It was appreciated especially by the budget-conscious and those ...

Redbox’s revenue declined to around $250 million in 2021, and the company was effectively out of money by early 2022. That’s when Chicken Soup for the Soul Entertainment, ...

The once-popular DVD-rental business Redbox will shutter after its parent company, Chicken Soup for the Soul Entertainment, reported nearly $1 billion in debt.

Redbox set to close as DVD market withers in streaming's shadow All employees are expected to be laid off and the company’s more than 24,000 rental kiosks will shut down.

While some of Redbox’s 34,000 or so kiosks are still operational at places like CVS, Walgreens, Walmart, and Kroger, those businesses are now making plans to switch them off for good and get rid ...

Redbox was a service for renting DVDs from automated kiosks. The business was going well until it wasn’t anymore, and then the company went bankrupt in July this year.

The bankrupt owner of Redbox Entertainment Inc. will be liquidated, a judge ruled Wednesday, after lawyers for the company and lenders accused its former chief executive officer of mismanaging the ...

Redbox’s field service technicians thought they had seen it all. Stores had unplugged thousands of the company’s iconic red DVD rental kiosks. Payroll and expense reimbursements had been late ...

A group of 11 former employees of bankrupt Redbox parent Chicken Soup for the Soul Entertainment have filed a lawsuit charging the company and ex-CEO Bill Rouhana with “greed at shocking levels.” ...

Redbox’s revenue declined to around $250 million in 2021, and the company was effectively out of money by early 2022. advertisement. That’s when Chicken Soup for the Soul Entertainment, ...