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Redbox, Crackle And Other Chicken Soup For The Soul Entertainment Assets Set For Post-Bankruptcy Auction

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Redbox's signature DVD kiosks will soon light up again, at least in a legal sense. The video retailer went bankrupt last year along with the rest of its parent company, Chicken Soup for the Soul Entertainment.
Chicken Soup for the Soul Entertainment, facing financial difficulties, has initiated a post-bankruptcy auction for several of its assets, including Redbox, Crackle, and other related properties. The company, which acquired Redbox in 2022, filed for Chapter 11 bankruptcy in July due to a significant debt load and declining revenue from DVD rentals. The auction, set to take place in early August, aims to sell off these assets to help the company manage its financial obligations. Potential buyers have until July 31 to submit their bids, with the hope that the sale will provide a lifeline for the struggling entertainment firm.

Read the Full Deadline Article at:
[ https://www.msn.com/en-us/money/other/redbox-crackle-and-other-chicken-soup-for-the-soul-entertainment-assets-set-for-post-bankruptcy-auction/ar-AA1CxJdG ]