NEW YORK — The mother or father firm of Redbox, these distinctive, red-colored kiosks at grocery shops that promote or lease DVDs, has filed for chapter after enduring months of economic wrestle.Rooster Soup for the Soul Leisure revealed in a submitting that it has practically $1 billion in debt and owes hundreds of thousands of {dollars} to a number of leisure firms together with the BBC and Sony Footage, plus to retailers starting from Walmart to Walgreens.Filings present that the corporate took on about $325 million in debt following its buy of Redbox in 2022 from personal fairness big Apollo International Administration. The plan was to make it into an leisure conglomerate, combining the DVD rental enterprise with its free streaming companies, like Crackle, the leisure platform as soon as owned by Sony.These plans did not pan out, hindered by twin Hollywood strikes that restricted manufacturing of contemporary content material and the decline of individuals renting bodily DVDs that even compelled rival Netflix to give up that a part of its enterprise final yr.CSSE declined to remark.Deadline beforehand reported that Redbox hadn’t paid workers for per week, and medical advantages have been suspended. Submitting for Chapter 11 chapter might assist the corporate repair these points if its plans are authorized by a court docket in Delaware.The corporate’s publishing arm, which produces these ubiquitous self-help books that have been as soon as a worldwide phenomenon, is not affected by the chapter submitting of its leisure unit.The variety of Redbox kiosks has grown to about 34,000 throughout the U.S., largely positioned at grocery and drug shops. Since its 2002 launch, Redbox has rented its 1 billion discs at costs cheaper than cable, in accordance with its web site.