Redbox’s next product may be piracy lawsuits
Redbox's parent company, Chicken Soup for the Soul Entertainment, may have found a buyer for its "IP Litigation Assets." According to a court filing, a company called Grove Street Partners has offered $100 million for these assets, which include the rights to hundreds of movies. However, this does not signal a resurrection of Redbox's kiosks or Chicken Soup's Crackle streaming service. The filing suggests that the new owner may use these assets to pursue piracy lawsuits, rather than reviving the Redbox or Crackle brands. The article highlights the ongoing challenges facing the entertainment industry as it navigates the shifting landscape of media distribution and consumption.
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