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Maroc Maroc - MASHABLE.COM - 30/Jun 16:18

Redbox's owner files for bankruptcy

The company is in more than $970 million in debt. Looks like physical media rental wasn't a great investment.The parent company of Redbox, the video rental kiosk often parked inside or outside grocery stores, filed for bankruptcy on June 28. This comes after the company, Chicken Soup for the Soul Entertainment, failed to pay employees, suspended medical …

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