EntertainmentThe bankruptcy of Redbox’s parent company came after months of chaos, cash crunch, and corporate upheaval. Image: Cath Virginia / The Verge. Getty Images
Redbox’s field service technicians thought they had seen it all.
Stores had unplugged thousands of the company’s iconic red DVD rental kiosks. Payroll and expense reimbursements had been late. Several employees say their corporate gas cards have been declined. They had read article after article about companies suing Redbox and its corporate parent over unpaid bills. Some of them had dug into financial data, puzzling together an alarming picture of a company drowning in debt. Still, the email they got on a Tuesday in mid-June came as
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