New York CNN —The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle. Filing for Chapter 11 bankruptcy could help the company fix those issues if its plans are approved by a court in Delaware. The company’s publishing arm, which produces those ubiquitous self-help books that were once a worldwide phenomenon, isn’t affected by the bankruptcy filing of its entertainment unit. The number of Redbox kiosks has grown to about 34,000 across the US, largely located at grocery and drug stores. Since its 2002 launch, Redbox has rented its 1 billion discs at prices cheaper than cable, according to its website.

---

Persons: CSSE didn’t, Redbox Organizations: New, New York CNN, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Redbox, Delaware