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)

@TheImpressiveX@lemmy.ml · 4 days ago

@xyzzy@lemm.ee · 4 days ago

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.

@MajorHavoc@programming.dev · edit-2 4 days ago

Yeah. It’s not clear whether RedBox was really doomed to fail, before it was purchased by a scammer investor.

Sad, either way.