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Redbox’s owner files for bankruptcy after repeatedly missing payments and payroll

It owes money to Universal, Sony, Lionsgate, Warner Bros., and more.

This comes at the tail end of a month in which the DVD rental company defaulted on loans, saw an order for its cars to be repossessed, and missed payroll for employees. Chicken Soup’s bankruptcy filing shows that the company owes money to a number of retailers including Walmart and Walgreens, as well as major Hollywood studios like Universal, Sony, Lionsgate and Warner Bros. The company recently settled one of those lawsuits with NBCUniversal but promptly missed the first agreed-upon payment, leading to a court order to pay the entire $16.7 million balance.

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