As the stock market hits new highs in July, investors are riding a wave of optimism, closely tracking climbing indexes. Yet, beneath this bullish surface, some publicly traded companies are becoming bankruptcy risk stocks as they're grappling with the stark reality of financial distress. Of course, investing in stocks of companies that have filed for bankruptcy carries notable risks. While there are scenarios where strategic asset sales or restructuring might present short-term gains, such investments are o ...

What's Happening With CSSE Stock Redbox is a relic of a former era. The company, founded in 2002, gained a national presence at a time when Netflix's (NASDAQ:NFLX) business model centered around shipping DVDs by mail. However, the physical DVD rental market hasn't aged well, as its owner knows all too well. As the Los Angeles Times reports: Why It Matters On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of ...

The news was relayed to employees in an email this morning. The roughly 1,000 workers at the company are also awaiting word from a Delaware bankruptcy court about CSSE's request for a "debtor in possession" loan, which would allow them to make payroll after a 10-day drought. Along with Schwartz, Steven Goldsmith and Josh Mandel have also been named to the company's board of directors. In a red-flag event before the bankruptcy filing, Rouhana last month removed the entire board except for himself, citing a s ...

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) stock is falling hard on Monday after the Redbox parent company announced a Chapter 11 bankruptcy filing. The filing reveals that Chicken Soup for the Soul Entertainment is struggling with massive amounts of debt higher than $1 billion. On top of that, the company still owes plenty of money to its partners. That includes retailers, such as Walmart (NYSE:WMT) and Walgreens (NASDAQ:WBA), as well as entertainment companies BBC and Sony (NYSE:SONY). Investor ...

One senior executive said no updates about the status of pay have been provided since last Friday, when workers were warned that direct deposit would hit over the weekend or on Monday instead of the scheduled time on Friday. CEO Bill Rouhana was reported to be convening a management meeting early this evening to offer a status report. "We haven't heard anything over the past couple of days," the senior executive told Deadline. "Initially, they said checks would go out Tuesday at the latest. And now here we ...

Chicken Soup for the Soul Entertainment, the ailing parent of video kiosk operator Redbox and streaming services like Crackle and Popcornflix, has gotten rid of its entire board of directors. The only remaining board member, the company said in an SEC filing late Monday, is Chairman and CEO Bill Rouhana. The company's investor relations website lists eight other board members, including Rouhana's wife, Amy Newmark. In addition to having been on the entertainment company's board, Newmark is Publisher, Editor ...

Hosted by Bethany Mota, the series features popular online influencers that include Kika Kim, Jordyn Jones and Jojo Sim LOS ANGELES, June 7, 2024 /PRNewswire/ -- Venture 10 Studio Group, in partnership with Wright Productions and Crackle, a division of Chicken Soup for the Soul Entertainment, today announced the second season of the hit reality series Follow Me will premiere exclusively on the free streaming service on June 13. Sponsored by Mars Wrigley, the 10-episode series shows fans what it takes to bui ...

| --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------|-------|--------------------|-------|---------------------| | | | | | | | | | March 31, 2024 | | December 31, 2023 | | Original productions: | | (unaudited) | | | | Programming costs released | $ | 34,311,305 | $ | 34,311,305 | | In production | | — | | — | | In development | | 8,089,560 | | 8,089,560 | | (a) Accumulated amortization | | (41,636,891) | | (41,630,180) | ...

Chicken Soup for the Soul (NASDAQ:CSSE) stock is falling on Thursday after the entertainment company received a delisting warning from the Nasdaq Exchange.Chicken Soup for the Soul was sent a notice on April 18 about a potential delisting due to the late filing of its annual report for 2023. That company ended up filing that report just one day later after the Nasdaq notice.Chicken Soup for the Soul notes that it intends to meet with the Nasdaq Exchange to address the issue behind the delisting notice. It w ...

One of today’s biggest market movers is Chicken Soup for the Soul Entertainment (NASDAQ:CSSE). While CSSE stock doesn’t typically see much extreme price action, shares are skyrocketing today at levels impossible to ignore. As of this writing, CSSE stock is up more than 100% for the day. The fact that this is happening just halfway through the trading day makes it a particularly noteworthy move. But maybe even more eye-catching is the fact that this surge isn’t being driven by any company-specific news. As I ...