Skip to main content

Redbox asks court for Chapter 11 bankruptcy protection and a DIP loan to cover payroll

Redbox's parent company, Chicken Soup for the Soul Entertainment (CSSE), has filed for Chapter 11 bankruptcy protection. Deadline notes, the company notified employees of the legal action over the weekend, adding that it has applied for a debtor-in-possession loan. If the court approves the loan, it will ensure payroll funding...

Read Entire Article


https://www.techspot.com/news/103627-redbox-begins-chapter-11-bankruptcy-protection-proceedings.html?utm_source=dlvr.it&utm_medium=blogger

Popular posts from this blog

Apple backtracks, says macOS utility Amphetamine can remain on the App Store

The app Amphetamine is a simple but useful macOS utility which can be configured to keep a Mac awake, preventing the computer from going into sleep mode. It's been available on the Mac App Store for some 6 years, where it's accrued over a thousand favorable ratings from users. Given... https://www.techspot.com/news/88141-apple-backtracks-macos-utility-amphetamine-can-remain-app.html?utm_source=dlvr.it&utm_medium=blogger
Read more

Gabe Newell believes brain-computer interfaces will let us edit who we are

In a recent interview with New Zealand’s 1 News, Newell delves deep into the topic of brain-computer interfaces (BCIs). Bypassing physical body parts like eyes that limit our ability to experience things and interfacing directly with the brain could open up a whole world of possibilities and make the real... https://www.techspot.com/news/88401-gabe-newell-believes-brain-computer-interfaces-us-edit.html?utm_source=dlvr.it&utm_medium=blogger
Read more

Tencent wins with merger of China's game streaming giants Huya and DouYu

Tencent currently has stakes in both Huya and DouYu and will have approximately 68 percent combined voting shares once the new firm is formed. Post-merger, Huya and DouYu shareholders will get fully diluted shares of the combined companies, with DouYu’s Chen Shaojie and Huya CEO Dong Rongjie becoming co-CEOs once... https://www.techspot.com/news/87078-tencent-wins-merger-china-game-streaming-giants-huya.html?utm_source=dlvr.it&utm_medium=blogger
Read more