Chicken Soup for the Soul Entertainment owes a total of $970 million in debts, as listed in their recent Chapter 11 bankruptcy filing.
Chicken Soup for the Soul Entertainment's total assets are currently valued at approximately $414 million, as reported in their recent financial statement. The company has experienced fluctuations in its asset value over the years, with a range of assets including cash, inventories, and accounts receivable.
Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy due to a heavy debt load of about $970 million. The company struggled to keep up with its financial obligations after acquiring Redbox in a debt-heavy deal in 2022, and faced additional challenges from the Hollywood writers' and actors' strike in 2023 and the ongoing decline of physical disc rentals.