Celebs in News
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related Rumors
Warner Bros state Delaware Entertainment Courts reports Sony wellness Digital Universities Warner Bros state Delaware

Chicken Soup for the Soul Entertainment, Parent of Redbox, Files for Chapter 11 Bankruptcy Disclosing Nearly $1 Billion in Debt

Reading now: 430
variety.com

Todd Spangler NY Digital Editor Chicken Soup for the Soul Entertainment, the entertainment company that operates Redbox, Crackle and other businesses, filed for Chapter 11 bankruptcy protection — after failing to pay employees and vendors for at least the past week.

The company’s June 28 bankruptcy petition was filed in the U.S. Bankruptcy Court for the District of Delaware. In the filing, Chicken Soup for the Soul Entertainment listed total debts of $970 million and consolidated assets of $414 million as of March 31, 2024.

As of March 31, Chicken Soup for the Soul Entertainment reported cash and equivalents of $4.9 million, which included $4.6 million of restricted cash.

Creditors listed on CSSE’s bankruptcy include Universal Studios Home Entertainment (which is owed $16.7 million) as well as Universal City Studios Productions ($16.7 million), Sony Pictures Home Entertainment ($9.1 million), BBC Studios Americas ($9 million), Walgreens ($5 million), Lionsgate ($4.6 million), Walmart ($4.1 million), Vizio ($2.75 million), Warner Bros.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA