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Troubled Redbox Parent Chicken Soup For The Soul Entertainment Is Nearly A Week Late Paying Employees; Medical Benefits Also Cut
Employees at Chicken Soup for the Soul Entertainment says they did not receive their last paycheck from the company, which already has suspended health care benefits amid a financial crisis.
Eight current workers, all of whom wished to remain anonymous out of fear of retaliation, provided Deadline with a glimpse inside the struggling company, supporting their assertions with a raft of internal emails. The company has grown steadily via a series of acquisitions, including those of streaming service Crackle, film outlets Screen Media and 1091 Pictures and production entity Sonos Entertainment. Over the nearly two years since its riskiest M&A deal, the $375 million takeover of video kiosk operator Redbox, the company has hit the rocks amid mounting concerns about its debt load and ability to meet financial obligations.
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