Crackle, Popcornflix, Redbox to Shut Down as Chicken Soup for the Soul Entertainment Prepares for Liquidation\nCSSE filed for Chapter 11 protections on June 28, and will see more than 1,000 employees walk away unpaid. The sad chapter of Chicken Soup for the Soul Entertainment’s bankruptcy proceedings is coming to an abrupt end. The company first filed for Chapter 11 protections in late June, but it’s apparently ready to throw in the sponge. Csse has received approval to shift its Chapter 11 case into a Chapter 7 liquidation proceeding, meaning that the end has come for thousands of Redbox disc rental kiosks, as well as the company’s streaming services. Key Details: Csse operated Redbox, Crackle, Popcornflix, and other streaming services. The company first acquired Redbox in a $375 million deal in 2022. Unless another company offers to purchase its streaming assets, Csse’s platforms will shut down in the coming months.

Crackle, Popcornflix, Redbox to Shut Down as Chicken Soup for the Soul Entertainment Prepares for Liquidation

Chicken Soup for the Soul Entertainment (CSSE) has received approval to transition its bankruptcy case from Chapter 11 to Chapter 7 liquidation, marking the end of its streaming services including Crackle, Popcornflix, and Redbox. The company, which acquired Redbox in a $375 million deal in 2022, will shut down its platforms unless another entity purchases its assets. Over 1,000 employees are expected to lose their jobs without pay.