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Redbox Parent To Liquidate After 'Train Wreck' Mismanagement

By Alex Wittenberg (July 10, 2024, 5:31 PM EDT) -- Attorneys for the parent of Redbox Entertainment on Wednesday told a Delaware bankruptcy judge that "massive mismanagement" of the DVD rental company had left them with no choice but to ask for conversion of the Chapter 11 case to a Chapter 7 liquidation, with lenders unwilling to extend new financing amid doubts about the remaining value of the firm....

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