AP
- Redbox's parent company filed for Chapter 11 bankruptcy protection.
- The company's net loss was $636.6 million in 2023.
- Employees haven't been paid since June 21.
Redbox's parent company hasn't paid its employees in over a week amid financial woes that ultimately resulted in Chapter 11 bankruptcy.
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.