Redbox's parent company stopped paying employees for over a week before finally filing for bankruptcy

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Redbox's parent company stopped paying employees for over a week before finally filing for bankruptcy

Post by Admin » Sun Jun 30, 2024 3:48 pm

Redbox's parent company hasn't paid its employees in over a week amid financial woes that ultimately resulted in Chapter 11 bankruptcy.

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Chicken Soup for the Soul Entertainment filed for bankruptcy protection on Friday, and Redbox Entertainment filed the following day, according to online records. Chicken Soup for the Soul Entertainment completed a $370 million deal to acquire Redbox Entertainment in 2022.

The media company's $970 million debt has trickled down to its employees, who haven't received payment since June 21 and worked without health insurance since May...

SEE MORE: https://www.businessinsider.com/redbox-bankruptcy-stopped-paying-employees-chicken-soup-soul-entertainment-2024-6


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