TheImpressiveX@lemmy.ml to Movies@lemmy.worldEnglish · 5 months agoRedbox's owner files for bankruptcy after repeatedly missing payments and payroll: The company hasn’t paid employees in over a week and owes money to almost everyone in Hollywood ($970M in debt)www.theverge.comexternal-linkmessage-square33fedilinkarrow-up1229arrow-down13cross-posted to: technology@lemmy.worldhomevideo@feddit.ukmovies@lemm.ee
arrow-up1226arrow-down1external-linkRedbox's owner files for bankruptcy after repeatedly missing payments and payroll: The company hasn’t paid employees in over a week and owes money to almost everyone in Hollywood ($970M in debt)www.theverge.comTheImpressiveX@lemmy.ml to Movies@lemmy.worldEnglish · 5 months agomessage-square33fedilinkcross-posted to: technology@lemmy.worldhomevideo@feddit.ukmovies@lemm.ee
minus-squarePhilippe23@lemmy.calinkfedilinkEnglisharrow-up4·5 months agoI think it’s that the parent company took out huge loans to buy Redbox. And that’s the streaming service they setup has ongoing costs and overhead, like licencing. And the loans they took out to make their own content.
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I think it’s that the parent company took out huge loans to buy Redbox. And that’s the streaming service they setup has ongoing costs and overhead, like licencing. And the loans they took out to make their own content.