This is the best summary I could come up with:
I’ve spent months pouring over lawsuits, regulatory filings, and internal emails, as well as talking to a number of current and former Redbox employees, to find an answer to that question.
Chicken Soup acquired a bunch of companies over the following years, including the film distribution outlet Screen Media and the pioneering free streaming service Crackle.
Chicken Soup planned to follow Netflix’s playbook, with CEO Bill Rouhana telling The Verge’s David Pierce last year that Redbox’s kiosks “could be the cash flow machine that allowed us to build out our digital business over the next decade.”
Raising more money from public market investors is also a long shot: Chicken Soup’s shares have been trading in penny-stock territory, with Nasdaq threatening to delist the company.
“People are posting any articles they can find that might help bring some light to what’s going on,” said a third Redbox employee with access to the group, who spoke to The Verge under the conditions that we do not name them in this story for fear of retaliation.
Redbox’s social media accounts have been happily posting through the entire crisis, publishing memes and movie trivia as if nothing had happened — until the company’s dire reality became too hard to ignore.
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