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- Bloomberg
HPS Investment Wins Fight Over Bankrupt DVD Renter Redbox
(Bloomberg) -- HPS Investment Partners LLC won a court fight to replace the board of directors of bankrupt Redbox Entertainment Inc. and agreed to arrange a loan for the DVD rental company’s parent so that employees can be paid.Most Read from BloombergUS Allies Allege China Is Developing Attack Drones for RussiaDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeHurricane Beryl Roars Toward Jamaica on Destructive PathChina Can End Russia’s War in Ukraine With One Phone Call, Finland Sa
- Associated Press Finance
Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection
Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection. The bankruptcy filing comes after months of a series of financial struggles for the company and piling unpaid bills. Chicken Soup for the Soul has accumulated nearly $1 billion in debt, the Chapter 11 filing submitted Friday in Delaware bankruptcy court shows, after reporting loss after loss over recent quarters.
- CNN Business
Redbox owner Chicken Soup for the Soul files for bankruptcy
The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle.
