Hen Soup for the Soul Leisure Recordsdata for Chapter – The Gentleman Report | World | Business | Science | Technology | Health
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Hen Soup for the Soul Leisure Recordsdata for Chapter

Hen Soup for the Soul Leisure Recordsdata for Chapter
July 1, 2024



Hen Soup for the Soul Leisure, the mother or father corporate of the film condo corporate Redbox, which is understood for its unique pink kiosks, filed for Bankruptcy 11 chapter coverage on Friday.Within the submitting, Hen Soup indexed money owed of about $970 million, and overall property of about $414 million. It owes tens of millions to leisure and media corporations, together with Common Studios, Sony Photos and BBC Studios Americas, in addition to some shops, corresponding to Walgreens and Walmart, in line with courtroom filings.Hen Soup for the Soul was once based in 1993 via two motivational audio system, Jack Canfield and Mark Victor Hansen. The corporate’s inspirational e-book collection, with titles like “From Lemons to Lemonade” and “Angels Amongst Us,” accommodates collections of reports for particular audiences, as an example new moms or cat enthusiasts.Its authentic e-book, printed greater than 30 years in the past, distributed lifestyles recommendation and tales of overcoming stumbling blocks with the hope that it might heal readers’ souls simply as “hen soup has a therapeutic impact at the frame of the sick.”The corporate, which has printed greater than 300 titles, has bought greater than 500 million copies international.Hen Soup for the Soul Leisure is become independent from its book-publishing arm, which is unaffected via the chapter submitting. It was once now not straight away transparent whether or not the Bankruptcy 11 submitting would impact the Redbox operation. The corporate declined to touch upon Sunday.In 2022, Hen Soup for the Soul Leisure bought Redbox, a industry based in 2002 and identified for its vivid pink DVD condo kiosks out of doors supermarkets and pharmacies. Redbox has about 27,000 kiosks throughout the US.William J. Rouhana Jr. turned into the corporate’s leader government in 2008 and ran the corporate along with his spouse, Amy Newmark, the writer and editor in leader of the e-book department.Mr. Rouhana attempted to extend the corporate into other merchandise, together with a line of soups, which in the long run failed. He based the leisure department of Hen Soup for the Soul in 2016.The corporate asked reduction to pay its workers, which it’s been not able to do “for the two-week duration finishing on June 14, 2024.” Hen Soup for the Soul Leisure has about 1,000 full- and part-time employees.The corporate reported $636 million in internet source of revenue loss in 2023, when compared with $111 million in 2022, in line with a submitting with the U.S. Securities and Trade Fee. On the time that Hen Soup for the Soul bought Redbox, the film condo corporate had greater than $300 million in debt.

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