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

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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.

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