Chicken Soup for the Soul Files for Chapter 11 Bankruptcy

Chicken Soup for the Soul Entertainment Inc. — the seller of self-help books, film and television content — filed for bankruptcy after failing to outrun a heavy debt load.

The media company filed for Chapter 11 protection in Delaware late Friday, listing assets and liabilities of at least $500 million each. The filing allows Chicken Soup to keep operating while it works on a plan to repay creditors.

Chicken Soup struggled to keep up with its financial obligations after buying DVD rental company Redbox in 2022, court papers show. It took on about $360 million of debt in connection with ...