Redbox Kiosk News June 2024 Engadget — Chicken Soup for the Soul Entertainment is $970 million in debt. Chicken Soup for the Soul Entertainment, which acquired the movie rental service Redbox in 2022, has filed for Chapter 11 bankruptcy protection, Deadline reports. The company recently disclosed net losses of $636.6 million for 2023 in a SEC filing, and Deadline reported just a few… Read More »
Outerwall Inc. lowered its financial guidance Monday and said the head of its Redbox division was leaving as DVD rentals from its kiosks plummet.
Source: www.nytimes.com
Redbox Photo Outerwall, the Bellevue, Wash.-based parent company of Coinstar, Redbox and other automated kiosks, says it “has initiated a process to explor
Source: www.geekwire.com
Outerwall, the Bellevue, Wash.-based parent company of Coinstar, Redbox and other automated kiosks, says it “has initiated a process to explore strategic and financial alternatives to maximize shareholder value” — raising the possibility, at least, that the company could be sold.
Since the advent of the VCR, movie rentals have been big business. However, as technology has changed the way that people accessed those rentals has evolved. Now it looks like we may be on the verge of another major change in the industry.
Source: www.cinemablend.com