TheImpressiveX@lemmy.ml to Home Video (VHS, DVD, Blu-ray, 4k)@feddit.uk · 5 months agoRedbox'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)www.theverge.comexternal-linkmessage-square2fedilinkarrow-up133arrow-down11cross-posted to: business@lemmy.worldtechnology@lemmy.worldmovies@lemmy.worldmovies@lemm.ee
arrow-up132arrow-down1external-linkRedbox'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)www.theverge.comTheImpressiveX@lemmy.ml to Home Video (VHS, DVD, Blu-ray, 4k)@feddit.uk · 5 months agomessage-square2fedilinkcross-posted to: business@lemmy.worldtechnology@lemmy.worldmovies@lemmy.worldmovies@lemm.ee
minus-squarexyzzy@lemm.eelinkfedilinkarrow-up7·5 months 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.
minus-squareMajorHavoc@programming.devlinkfedilinkarrow-up6arrow-down1·edit-25 months agoYeah. It’s not clear whether RedBox was really doomed to fail, before it was purchased by a scammer investor. Sad, either way.
Yeah. It’s not clear whether RedBox was really doomed to fail, before it was purchased by a scammer investor.
Sad, either way.