Farewell Redbox: Kiosk-rental business to shut down after 22 years - pennlive.com

Category: Business

Redbox, the video-rental and streaming company, owned by Chicken Soup for the Soul Entertainment, has filed for Chapter 11 bankruptcy protection and is now converting to a Chapter 7 liquidation proceeding. This will result in the closure of approximately 24,000 DVD rental kiosks and the layoff of about 1,000 employees.

Keywords: Redbox, Chapter 11 bankruptcy, Chicken Soup for the Soul Entertainment, Chapter 7 liquidation, DVD rental kiosks

Source: pennlive.com

Update At: 7/13/2024

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