Redbox is bankrupt. Why Chicken Soup couldn't heal the DVD rental business

  • 📰 latimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 82%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

How the once-powerful Redbox, known for its automated red kiosks, became the poster child for small entertainment businesses that couldn't adapt to a changing Hollywood.

Chicken soup may soothe the soul, but it can’t cure what ails the beleaguered DVD rental business. The parent company of Redbox — the onetime home entertainment powerhouse best known for its red self-service kiosks ubiquitously located at pharmacies, convenience stores and grocers across the country — filed for Chapter 11 bankruptcy protection on Friday. The filing listing debts totaling $970 million and assets worth $414 million.

Kevin Costner’s ‘Horizon’ wipes out at the box office Netflix adds stages to New Mexico production hub Hunter Biden sues Fox News over 'mock trial' Al Michaels? More like 'A.I. Michaels'! Will Barry Diller make a play for Paramount? CNN's highly anticipated Biden-Trump presidential debate drew 51.3 million viewers, down significantly from the audience levels achieved by the duo's first matchup in 2020.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 11. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости