Parent Company of Redbox DVD Kiosks Files for Bankruptcy

The company is bankrupt, and owes millions of dollars to major retailers and movie studios.
Parent Company of Redbox DVD Kiosks Files for Bankruptcy
A Redbox video rental kiosk in San Rafael, Calif., 2009. Justin Sullivan/Getty Images
Bill Pan
Bill Pan
Reporter
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The parent company of Redbox has filed bankruptcy, nearly two years after its ill-fated merger with the deeply indebted DVD kiosk operator.

Chicken Soup for the Soul Entertainment, which gets its name from the best-selling self-help book series, on June 28 filed for Chapter 11 protection in Delaware, listing assets and liabilities of at least $500 million each.