Redbox Stops Working & Locks Customers Out of Their Moves As The Company Goes Into Bankruptcy
What does CEO Rouhana imply by "strategic review"?
CEO Rouhana implies that a "strategic review" involves evaluating opportunities for the company, including potential partnerships or sales, in order to create value for shareholders. This process is a response to the challenges the company is facing, such as losses from the Redbox acquisition and a soft ad market.
What might have caused Redbox's technical glitch?
Redbox's technical glitch could have been caused by various factors such as hardware issues, software bugs, or network problems. It is also possible that the recent financial struggles of its parent company, Chicken Soup for the Soul Entertainment, and the subsequent bankruptcy filing may have contributed to the glitch1. The exact cause, however, remains unknown.
What error message is Redbox's website displaying?
Redbox's website is displaying an error message where users would typically find the free movies and movies or TV shows for sale. The exact cause of the issue is unknown, and it is likely a technical glitch as the company recently secured $8 million in new funding.