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.
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.
Venture 10 Studio Group, in partnership with Wright Productions and Crackle, a division of Chicken Soup for the Soul Entertainment, today announced the second season of the hit reality series Follow Me will premiere exclusively on the free streaming service on June 13. Sponsored by Mars Wrigley, the 10-episode series shows fans what it takes to build a brand as an influencer in the social media age.