There’s a new twist in the long and winding saga of Redbox’s demise: Assets originally belonging to the company’s corporate parent, Chicken Soup for the Soul Entertainment, may have finally found a buyer. But don’t expect a resurrection of Redbox’s red kiosks, or Chicken Soup’s Crackle streaming service, any time soon.
According to a late Wednesday court filing, a company called Grove Street Partners has offered $100 million for so-called “IP Litigation Assets” owned by Chicken Soup for the Soul Entertainment and its subsidiaries. Chicken Soup for the Soul Entertainment owned the rights to hundreds of movies, mostly through its subsidiary S …
Read the full story at The Verge.
Original Source: https://www.theverge.com/tech/791013/redbox-chicken-soup-piracy-lawsuits-ip-sale-grove-street
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