Redbox’s next product may be piracy lawsuits

There’s a new twist in the long and winding saga of Redbox’s demise: Assets originally belonging to the company’s corporate parent, Chicken Soup for the Soul Entertainment, may have finally found a buyer. But don’t expect a resurrection of Redbox’s red kiosks, or Chicken Soup’s Crackle streaming service, any time soon.

According to a late Wednesday court filing, a company called Grove Street Partners has offered $100 million for so-called « IP Litigation Assets » owned by Chicken Soup for the Soul Entertainment and its subsidiaries. Chicken Soup for the Soul Entertainment owned the rights to hundreds of movies, mostly through its subsidiary S …

Read the full story at The Verge.

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