The purpose of the looking at the future...is to disturb the present!

Gaston Berger (1896-1960), francuski futurolog

Redbox’s disc rentals are over

Redbox Parent Company Files For Bankruptcy
Photo by Mario Tama/Getty Images

A judge overseeing Redbox owner Chicken Soup for the Soul Entertainment’s bankruptcy case granted a request Wednesday to convert it from Chapter 11 to Chapter 7 bankruptcy, according to Lowpass’ Janko Roettgers and The Wall Street Journal. The company’s lawyers said Chicken Soup for the Soul Entertainment will lay off its remaining 1,000 employees and liquidate the businesses, including streaming operations and the 24,000 or so disc kiosks that have rented out DVDs, Blu-rays, and videogames for years.

According to Roettgers, Judge Thomas Horan said, “There is no means to continue to pay employees, pay any bills, otherwise finance this case. It is hopelessly insolvent... Given the fact that there may also be at least the possibility of...

Continue reading…


Link :
https://www.theverge.com/2024/7/10/24196063/redbox-chicken-soup-bankruptcy-liquidate
#ActInTimeDEADLINETime left to limit global warming to 1.5°C 3YRS358DAYS00:51:18 LIFELINEWorld's energy from renewables14.994674682%Indigenous women from Southeast Asia challenge extraction & erasure | Study shows technology & carbon taxes could cut 80% urban transport emissions | US & Mexico reach agreement on reducing sewage flows across border & into San Diego | 3 Michelin star Paris restaurant Arpege switches to plant-based dishes | Outdoor jobs help teens connect with nature and community | No-till farming increases cropland reflectiveness, reducing heat absorption & aiding climate | Top UN court says treaties compel wealthy nations to curb global warming | UN chief says world on brink of climate breakthrough as fossil fuels run out of road | Afro-descendant lands in South America contribute to biodiversity conservation & climate change miti | China has approved its first cross-provincial green electricity direct connection project | Indigenous women from Southeast Asia challenge extraction & erasure | Study shows technology & carbon taxes could cut 80% urban transport emissions | US & Mexico reach agreement on reducing sewage flows across border & into San Diego | 3 Michelin star Paris restaurant Arpege switches to plant-based dishes | Outdoor jobs help teens connect with nature and community | No-till farming increases cropland reflectiveness, reducing heat absorption & aiding climate | Top UN court says treaties compel wealthy nations to curb global warming | UN chief says world on brink of climate breakthrough as fossil fuels run out of road | Afro-descendant lands in South America contribute to biodiversity conservation & climate change miti | China has approved its first cross-provincial green electricity direct connection project |