Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection

Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection

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Business

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Chicken Soup for the Sole Entertainment is facing bankruptcy with nearly a billion dollars in debt. The company owes millions to several major companies, including BBC, Sony Pictures, Walmart, and Walgreens. Redbox employees have not been paid recently and have lost their medical coverage. A plan awaiting approval from a Delaware court could potentially alleviate some of these financial issues.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the approximate amount of debt faced by Chicken Soup for the Sole Entertainment?

750 million dollars

500 million dollars

1 billion dollars

2 billion dollars

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following companies is NOT mentioned as a creditor of Chicken Soup for the Sole Entertainment?

Netflix

Sony Pictures

Walmart

BBC

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What issue did Redbox workers face recently?

They were laid off

They didn't receive their salaries

They were relocated

They received a bonus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What potential solution is being considered to address the debt problems?

A bailout from the government

A merger with another company

Selling off assets

Approval of a plan by a Delaware court

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What additional challenge did Redbox workers face besides not being paid?

Mandatory training sessions

Reduction in working hours

Loss of medical coverage

Increased workload