minus-squarePhilippe23@lemmy.catoMovies@lemmy.world•Redbox's owner files for bankruptcy after repeatedly missing payments and payroll: The company hasn’t paid employees in over a week and owes money to almost everyone in Hollywood ($970M in debt)linkfedilinkEnglisharrow-up4·5 days agoI think it’s that the parent company took out huge loans to buy Redbox. And that’s the streaming service they setup has ongoing costs and overhead, like licencing. And the loans they took out to make their own content. linkfedilink
minus-squarePhilippe23@lemmy.catoTenForward: Where Every Vulcan Knows Your Name@lemmy.world•Data is becoming too smart for his own goodlinkfedilinkEnglisharrow-up17·11 days agoAnybody else spend way too long trying to figure out why there were umlauts over the “n” in the second panel? 🤦🏻 linkfedilink
I think it’s that the parent company took out huge loans to buy Redbox. And that’s the streaming service they setup has ongoing costs and overhead, like licencing. And the loans they took out to make their own content.