Why Is Chicken Soup for the Soul Entertainment (CSSE) Stock Down 29% Today?

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 ...