Redbox Parent Chicken Soup for the Soul Files for Bankruptcy
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
- Redbox Owner Bankruptcy: The owner of Redbox, Chicken Soup for the Soul Entertainment, has filed for bankruptcy with nearly $1 billion in debt.
- Chapter 11 Protection: Chicken Soup for the Soul Entertainment filed for chapter 11 protection in Delaware bankruptcy court.
- Debt and Creditors: The company owes money to over 500 creditors, including Walmart, Walgreens, Warner Bros. Home Entertainment, and Sony Pictures Television.
Analyst Views on WBD
Wall Street analysts forecast WBD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WBD is 22.08 USD with a low forecast of 14.75 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
8 Buy
10 Hold
0 Sell
Moderate Buy
Current: 28.490
Low
14.75
Averages
22.08
High
28.00
Current: 28.490
Low
14.75
Averages
22.08
High
28.00
About WBD
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes a portfolio of branded content across television, film, streaming and gaming. The Company's segments include Streaming, Studios and Global Linear Networks. The streaming segment primarily consists of its premium pay-television and streaming services. The studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to third parties and its networks/streaming services, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming. The Global Linear Networks segment primarily consists of its domestic and international television networks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
