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Redbox Parent Chicken Soup for the Soul Files for Bankruptcy
The owner of Redbox has filed for bankruptcy after accumulating nearly $1 billion in debt, saying its lenders were unwilling to cooperate with potential refinancings. The company that owns Redbox DVD kiosks owes money to more than 500 creditors, including Walmart and Walgreens and several media companies such as Warner Bros. Home Entertainment and Sony Pictures Television. Chicken Soup for the Soul Entertainment, which is publicly traded, declined to comment.
The Wall Street Journal•
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