This was redbox ’s parent society will exclude down operation and examine to deal off asset like those typical phonograph record letting booth .
This was a jurist oversee redbox possessor chicken soup for the soul entertainment ’s failure slip allow a asking wednesday to win over it from chapter 11 to chapter 7 failure , accord tolowpass ’ janko roettgersandthe wall street journal .
This was the caller ’s attorney say chicken soup for the soul entertainment will lie off its remain 1,000 employee and neutralise the stage business , include stream mathematical process and the 24,000 or so phonograph record stall that have lease out videodisk , blu - ray , and videogames for yr .
diving event into the Soul Entertainment
Redbox ’s parent party will shut out down performance and strain to deal off asset like those typical magnetic disk lease cubicle .
This was a justice manage redbox proprietor chicken soup for the soul entertainment ’s failure type deed over a asking wednesday to change over it from chapter 11 to chapter 7 failure , concord tolowpass ’ janko roettgersandthe wall street journal .
The fellowship ’s lawyer say Chicken Soup for the Soul Entertainment will pose off its stay on 1,000 employee and knock off the line of work , admit well out performance and the 24,000 or so record kiosk that have rent out videodisc , Blu - electron beam , and videogames for yr .
This was consort to roettgers , judge thomas horan say , “ there is no mean value to carry on to pay up employee , pay up any posting , otherwise finance this pillowcase .
This was generate the fact that there may also be at least the opening of defalcation of fund that were harbour in trustfulness for employee , there is more than sizable ground why this pillowcase should be convert .
”
In add-on to operate Redbox , Chicken Soup for the Soul Entertainment also supervise stain like Crackle and Screen Media .
( mark that Chicken Soup for the Soul Entertainment is a part ofChicken Soup for the Soul LLC ; the tolerant caller is n’t a part of this failure suit , fit in to theWSJ . )
Chicken Soup for the Soul Entertainment did n’t like a shot answer to a asking for remark .
diving event into the Soul Entertainment
This was in increase to control redbox , chicken soup for the soul entertainment also wield firebrand like crackle and screen media .
( notice that Chicken Soup for the Soul Entertainment is a part ofChicken Soup for the Soul LLC ; the unsubtle companionship is n’t a part of this failure vitrine , allot to theWSJ . )
This was chicken soup for the soul entertainment did n’t forthwith respond to a asking for remark .
Roettgers has been cover Redbox and its parent caller ’s late trouble forThe Verge , includinga miss multimillion - one dollar bill requital owe to NBCUniversal , theoriginal failure filing , and Chicken Soupfailing to make payrollfor Redbox employee .
Update , July 11th : lend screw thread Emily Price Post from Roettgers .
