The company will shut down its network of roughly 24,000 DVD rental kiosks.
FILE - A rental DVD is dispensed from a Redbox at a 7-Eleven in Los Angeles on August 7, 2009. Chicken Soup for the Soul Entertainment, the owner of DVD rental operator Redbox, filed for Chapter 11 bankruptcy protection, Friday, June 28, 2024. Say farewell to those red kiosks in front of your local supermarket and other stores – Redbox, the video-rental and streaming company, is shutting down.
As a result, the company will lay off about 1,000 employees and shut down Redbox’s network of roughly 24,000 DVD rental kiosks found in retailers across the U.S. “Based on allegations we’ve heard, it’s important that a Chapter 7 trustee be appointed and undertake an appropriate investigation of the company,” Judge Thomas Horan said, according to. “1,000 people are about to lose their jobs and they’re not even going to be paid for work that they did.”Central Pa. rock star thanks Bon Jovi for his praise: ‘How sweet of him to say all these things.’Toddler, 2 teens injured in Pa. shooting.
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