Redbox missed a multimillion-dollar cost it couldn’t afford to overlook

Picture by Smith Assortment / Gado / Getty Pictures

Redbox’s monetary scenario continues to spiral out of its management. On Thursday, a Los Angeles court docket entered a $16.7 million judgment in opposition to the corporate in favor of NBCUniversal, after Redbox did not pay a scheduled installment of a settlement the events reached earlier in Could.

The missed cost bodes ailing for the DVD kiosk firm, which now owes the remaining steadiness in full. Extra importantly, the missed cost suggests the corporate merely didn’t have the requisite cash available, and the prospect of chapter could also be looming for Redbox and its deeply indebted company guardian, Rooster Soup for the Soul Leisure.

NBCUniversal sued Redbox over unpaid DVD and on-line rental royalties in February. The studio alleged in its…

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