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