TIL: The Chicken soup for the soul publisher owns redbox
TIL: The Chicken soup for the soul publisher owns redbox
The deal will be comprised of $50 million in Chicken Soup for the Soul Entertainment stock and the assumption of $325 million of Redbox's debt.
I refuse to go to foxbusiness.com to read the story, so I’ll just laugh at the headline. It’s probably the best part anyway.
Best part is that they just went bankrupt after buying it in 2022 for 375 million dollars.
Buying Redbox in 2022 sounds like a joke in itself
I don't know what either of those things are
Chicken Soup for the Soul Entertainment, Inc. is an American self-help, consumer goods and media company based in Cos Cob, Connecticut. It is known for the Chicken Soup for the Soul book series. The first book, like most subsequent titles in the series, consisted of inspirational true stories about ordinary people's lives. The books are widely varied, each with a different theme. Today, Chicken Soup for the Soul Publishing, LLC continues to publish about twelve[7] new books per year.
I should also mention the books read like Christian propaganda at times, which makes the redbox purchase weirder.
Redbox Automated Retail, LLC (stylized as redbox.) is an American video on-demand streaming and video rental company specializing in DVD, Blu-ray, 4K UHD rentals and purchases and formerly video games via automated retail kiosks and TVOD, AVOD, and FAST services via its website, Android and iOS apps, and many consumer electronic devices. Redbox kiosks feature the company's signature red color and are located at convenience stores, fast food restaurants, grocery stores, mass retailers, and pharmacies.
I have a feeling lots of people are just now learning this lmao
Surprised it took this long for a TIL post lol
When I saw it mentioned in another thread, I assumed it was just someone memeing.
And now they’re bankrupt!
Not for much longer