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Bad business decisions are one thing….taking out 401k and health insurance premiums and not actually paying it is CRIMINAL. People should be headed to jail for that. We need to start demanding far more of our justice system for corporate crimes
A company I worked for in the early 2000s was using 401k money for operating costs. They went bankrupt of course, but no legal issues since the company folded.
Everyone on the board and officers and EVERYONE in HR should be charged with felony conspiracy. If you lost everything and they get away with it, I wouldn't blame you if you did stuff.
The company stealing people money in not only normal pay, but stealing health insurance, etc need to take all their millions and then locked up for years. Sounds criminal to me.
I do not have a horse in this race at all, but I am sure their contract, as an employee, covers something to the affect that those DVD's are the property of the business. At some time, they will be collected, and sold to pay back debts. Possibly to help cover payroll, and insurance costs. The employees would be helping themselves in the long run to be sure they were returned. Just my opinion, being a long term business owner.
@@pttn975 I feel the same way. I'm not a lawyer, though. The law is more black and white than feelings, so the legal questions need to be addressed first before he just starts selling off their/his inventory.
So I'm not a lawyer but he can sell them but he also has no duty to protect them as he is no longer an employee he can send a letter and say I'm sitting them on my porch they are your problem that doesn't get him money but he doesn't have to keep them in his house
I'd imagine all the executives got paid. Funny how someone can steal twenty bucks from a store and get 10 years, while executives steal millions and get severance pay.
Not only that but they probably knew everything was going down and had the opportunity to save up or find new jobs while actively hiding it from the rest of the company
You have to steal over $1000 from a store. Also, you'd be lucky to get 10 years. It is catch and release a lot nowadays. Jails are overcrowded with no room for petty thieft.
As a former Blockbuster employee of nine years, I find it ironic that Redbox shut down on the ten year anniversary of most Blockbusters closing their doors. Hang in there, man. It's a struggle out there for us media employees.
For a buck it worked, for 2.50 not at all. 2.50 per night adds up fast. So customers stopped using it opting for $6 digital rentals instead. Then redbox got into digital rentals itself, competing with itself.
Well, some savvy computer people are digitizing their DVDs to avoid paying out the nose for streaming services every month. Thus, the ability to rent a DVD and digitize it is cheaper than buying. Still, I wouldn't put a rental DVD that probably hasn't been cleaned in forever into my drives. But someone might?
Well, I used them all the time before movie subscriptions were a thing. They basically have all the new movies. After they leave theatre's you can rent then at redbox. So that was pretty good. Also easy piracy.
last place i worked had a work culture of people either dissapearing abruptly and nobody knew it was coming, or only their friends got a heads up i dont recall ever seeing someone put in their official 2 weeks, but to be fair we are easily replaceable so idk if its even a big deal to just say aight im out peace
How about this perspective.. giving notice is your way of saying you appreciated them giving you a job in the first place, hence paying your bills, etc, etc. Its purpose is to give the business time to find a replacement and not be short-staffed. Not giving notice does ONE thing, it makes the other employees take up the slack of what you did, making their jobs tougher. Your stabbing the other employees in the back, not the business. Transparency: As a business owner, I have seen this way too many times, and it does make it harder on the other employees.
If the assessor ever contacts you about the equipment and DVDs dont forget to charge them back storage fees on top of transportation fees if they demand you bring them somewhere
The primary reason many corporate employees, including executives, do not face criminal charges when their business goes bankrupt is due to the legal concept that businesses, as separate legal entities, can be held liable for their actions rather than the individuals who work for them. This concept is rooted in corporate law, which distinguishes between the actions of the corporation as an entity and the individuals who manage it.
Man the irony of they guy who made chicken noodle soup for the soul becomes the villain. Really lives up to the quote- die a hero or live long enough to become a villain.
This happened with my stepfather(RIP) when I was in junior high school. He worked as a foreman at a meat processing facility making good money and with excellent benefits. We had a new home, several modest vehicles, and between my mom being a nurse and his pay we ate well and didn't worry much about the bills every month. One morning he went to work to find that the doors were locked, and hundreds of employees were lined up outside. They shutdown without any notice at all and left every employee hanging. They didn't pay the employees their pay, vacation pay, medical, nothing. He was broken after that, but being a hard worker even though the job market was extremely tough, he did everything he could to keep the bills paid, picking oranges, working on the railroad, etc. anything to bring in money.
Thats why you never give to much to a company..only takes 1 person to fuck everything up. A bad choice, a bad coo, etc....then ad other factors like loss of revenue
I was an ROS for 8 years. I was let go in 2022. I received a severance package, because they were cutting a large portion of the staff. Before the pandemic and the change of ownership, Redbox was a spectacular place to work for.
Guarantee that those tasty golden parachutes for all the corporate suits already deployed…no late fees on those suckers! Sorry the working guy is on the short end again😢
@@istankimjong-unbutcantstan3398 the joke was that the safety net for the c-suite is well and good, I don’t like hearing about missed payroll ever. It’s disgusting. And the wealthy spent way more time saving their own skin than taking care of the company
In a Chapter 7 bankruptcy all non-payroll related payments for the prior six months can be 'clawed back' by the courts. And most CEOs get a significant portion of their pay as stock options that they cannot execute for several years. So the senior executives will wind up giving money back to the court. Also, payroll is considered to be a 'priority claim' so that along with taxes and _bank_ loan payments will be paid first with whatever money is left over as the company assets are sold. Other debtors get what's left over after the first three groups are paid. The psychology among management is basically one of self-deception. They desperately need to get that loan in order to continue operations so they convince themselves that they will get the loan. They are lying to themselves and each other that things will get better. And they can't tell the employees what's going on because the employees will leave when they hear what the actual situation of the company is - and if this happens, even if the get the loan - they no longer have employees. At this point the lawyers are running the company. One time I was called into a closed-door meeting (actually the door was locked after we were all there). The General manager stated that the company was able to secure financing - but the financing was contingent on a 20% payroll cut. We all had to sit in that room and decide who got and off and who stayed. I was able to save all but one of my people. Once the list of names was prepared - we had to stay in the room while HR called the people in to their office - one at a time - and told them that they were now laid off and they had to leave the company property immediately. That was an extremely painful experience. I was fighting to protect my people - knowing that for every one of My people I kept - somebody else would lose his or her job. And everybody who was left hated us.
The corporate account will cover any fines incurred, the company will admit no wrongdoing, no executives will face any consequences, they will get a golden parachute land at their next company to run into the ground and enrich themselves.
It doesn't work that way. Any 'golden parachutes' will be confiscated by the court-appointed manager. In fact, all payments for the previous several months will have to be returned. It's not as if the laws covering bankruptcies are not easy to find. You are using your prejudices as the basis for your opinions.
I was an Field Service Tech with Redbox in Pennsylvania. Like you with the movies, I now have tools and parts piled in my garage along with a company vehicle in the driveway that can't legally be driven. And like many, I also enjoyed the job and will miss it. What a sad ending for so many. One thing that is adding insult to injury is the lack of actual facts out there about what happened. Many video and news sites are blaming streaming and a dropping demand for DVD rentals. Although that played a role it wasn't the primary culprit. Thanks for spreading the truth.
Submit charges for storage fees to the court. If they are not paid, file a lien against the vehicle. They use the court against you, use it against them.
Living is rural Wisconsin and not having internet for many years I relied on Redbox for consistent entertainment at a bargain price. Once the vide stores closed they were a welcome and convenient option with multiple kiosks available with a 3 to 15 mile drive. Customer Service by phone was always courteous. Speaking to the kiosk service person refreshing new videos on a cold winter day was always pleasant. That said I haven’t received emails from Redbox for months and the kiosk’s haven’t been updated for months. I knew something was up. Thanks for filling in the blanks. Best wishes to all the employees that were mistreated.
Nah don't believe that these DVDs don't retain value, I resell DVDs all the time. There's still a big market for them, the entertainment industry just wants to stop it because it's not as profitable as before to sell physical media. It's because with physical media there's a process and cost of the media being made and transported to stores. Trust me physical media still sells and is still a 100 million dollar a year industry. It's just that corporations want the easiest and the most profitable ways to sell their movies, music, and products. Before streaming physical media was a hundred billion dollar a year industry. Now it's a hundred million dollar a year industry. It's just something they don't see as profitable as before so they keep pushing the lies that no one wants them. But just like anything else, once you make it scarce, demand increases for it. Trust me in a few years or so DVDs and Blu-ray's will be in demand, just like vinyl is for the 2020's.
@@dishsoap1 Oh I know, I didn't clarify what I meant by $ 100 million a year industry. It's about $100 million a year for newer printed DVDs and Blu-ray's movies. It's way more if you include used or older DVD sales. But I think that's why entertainment companies want to push to do away with DVD's as a whole. There's to many properties that are widely available on DVD that they want to still try an charge people to watch.
I was a red box employee for 3 years. for me it was just something to keep me busy after my Retirment Actually i was surprised it lasted as long as it did. I built up some good friendships and sorry this happened to those good people
This is horrific. I say this with my whole heart, fuck the lying CEO, and anyone who let these people be uninsured while stealing their money from them.
Right?! Now we’re all begging for video stores to make a come back ! There was one lonely Family Video left in my city up until a few years ago it closed and was replaced by a dollar general
@@yamigurl822 one thing i started using is gamefly they have a blu ray and dvd level if you dont want games. but they send a disk in the mail and the selection is great for me. but yeah i agree we need more options in the space
@@chrism4008 Yeah I was still renting at Redbox pretty regularly when they still had new releases coming, 2 bucks is still cheaper than than the 6-20 most streaming sites would charge you after all. When they stopped restocking on new movies this year and kept the same displays for months on end with the now year old Barbie as their headliner is when I knew Redbox for certain was on it's way out
The real problem is there haven't been more than one or two movies made in the last five years that I would bother to rent. You can't succeed in a movie rental business when there aren't any good movies being made.
He can't. That stuff is not his, not yet anyway. The court is going to want all of it back. He can sit back and watch a lot of movies, though. Copy them, maybe.
@@darrenleaguecity Maybe don't knock it until you rock it. You can't believe everything you learn in school and the news. Read up on them. That "Rec Scare" was the USA being afraid that countries MAY START EMBRASING THOSE IDEOLOGIES and not some country forcing them to. The USA has been fighting behind small factions in countries that were socialist by democratic vote from the majority but the minority would get help from the USA to throw their government overboard and then set up a puppet government that favored the small faction and - more importantly - the USA. The reason capitalism is ranked so high is because workers virtually have no rights and are at the mercy of companies and can get screwed over like this. The company can declare bankruptcy and you are out them money.
@@darrenleaguecity congrats, you don't know what socialism actually is, seeing as you've likely used a public road in the US, you have experienced socialism.
Glad to see the worker solidarity in emails, but those testimonials were heartbreaking. Its absolutely fraud and will ruin so many lives, but best bet no one is going to jail for these crimes. Also, had no clue Chicken Soup still existed as a company or was connected to Redbox, my how they have fallen.
I worked at a Walgreens and right before this happened, our Redbox machine got hit by a car by an elderly man who thought he was pressing the break but was in fact hitting the gas. We were told that they were going to send us a new machine. Not even 2 weeks later Redbox shuts down, leaving a smashed Redbox machine covered by a trash bag and caution tape for the foreseeable future. My last day at said Walgreens is coming up soon but I’m very curious to see if the machine will ever be taken away.
I am curious as to the fate of these machines, as well. After all, seems to be four functional machines in my area. So... do payments even process? Is anyone left at the helm at the HQ? Do places that left them outside even care if they just leech electricity?
I knew there was MORE TO THE STORY. Thanks for speaking loud and breaking it down. Nearly all corporate decisions are avoidable. Many corporations allow themselves to continue to hemorrhage until its too late. Many burden their lower tier employees instead of doing what is necessary to change actual direction.
Thank you for this video. I appreciate you sharing how the collapse of Redbox affected employees. The employees' stories are often skipped over to focus on how executives mismanaged the company. I'm sorry for all the emotional and financial pain you, your coworkers, and families suffered.
Im here before this video blows up! But as another Floridian who recently also lost their job due to Corpo Malfeasance I feel you bro. I appreciated your insight with screenshots of the actual emails. Really thorough stuff. Hope you find luck settling into a new occupation soon 👍
Redbox does well in places without internet. So basically only rural places. DVD rental business has been failing for a long time, even with any corporate "malfeasance" the industry is contracting. Demand for DVD's is far lower, youtube is part of that.
Another lowly Florida man here, ya I'm waiting for another corporate debacle in my life. I been through several. Things getting real slimy here and i'm not talking the water! I hope things come up for us all here. Florida can be tough, especially newbies. Much love from NPR!
So sorry to hear you lost your job. I hope you are well and that things improve soon! We used to have protections from this kind of predatory venture capital. But then Raegan convinced us all those complicated oversight agencies are bad actually, and began 50 years of underfunding them, cutting their authority, and defanging their punitive power. Now all of us are at the whims of a small handful of people at the top of a slanted system. But, that means we are all so close to being on the street we don’t have time to look up and organize. Which is precisely their plan, while they spend billions pumping our heads full of FUD about the very agencies that could protect us. Over and over, chipping away every chance they get.
They weren't 'pocketing it.' They were using it to pay the overdue bills for stuff like electricity - which would get turned off without payment. What typically happens is that wishful thinking takes hold and they think that if they can only hold things together long enough to get that next loam - they will manage to muddle through. And they are probably lying to themselves about the prospect of getting that loan. Then convince themselves that they will get that loan because they are so desperate for it. If they were thinking rationally, they would have ceased operations at the point where they could still meet payroll.
Really sorry to hear this dude, I hope it all works out well for you! You could consider starting a patreon and giving away/selling the DVD's you have, now Redbox has gone under, they'll be somewhat of a collector's item! MAybe even sign a few for your fans. :)
This isn't legal advice. However for those that had medical procedures that were not covered (ie the one who had a million dollar heart surgery) they should be able to use COBRA. When coverage ends, you get COBRA paperwork in the mail a month or so after your coverage ends. COBRA is expensive, could be a couple thousand dollars a month. But it will get your health insurance covered retroactively to the day your coverage ended. So that million dollar procedure could retroactively be covered under COBRA so long as they could pay the comparatively few thousand dollars for the COBRA. There's a time frame of 60 or 90 days (I forget) that you have to submit COBRA paperwork after your coverage ends to get this retroactively covered back to the day you lost coverage. Definitely something to check into
As far as I understand it, there is no COBRA for these employees. COBRA appears to only exist when the health plan (and employer) still exists - It's the plan the employer offers to it's employees. It allows the ex-employee to pay the full cost of the existing group policy (plus an admin. fee). When the group policy disappeared, so did the COBRA. Apparently companies can and do use bankruptcy proceedings to end availability for COBRA coverage for their former employees.
I'm not sure on this but I believe that Cobra still relies on subsidies from the original company to function. The majority cost share of the premium is shifted for sure to the employee for sure but since the company went out of business there's no one left to even admister the Cobra. And like the commenter said Cobra is super expensive and out of reach for most folks especially unemployed. It's probably better just to declare bankruptcy at that point.
@@MRBCA500 They're a third party insurer, so COBRA is still there per the law. Had the company had in-house health insurance (rare these days), then COBRA would indeed be gone as well.
Should you ever sell any of the DVDs or BDs I would love buy one, I am from germany and when I was in the US as a kid I was absolutly astounded by the concept of Redbox. Yeah I know. 😂 But I am to young to have witnessed actual video store rentals like Blockbuster so this is just blew my mind as a kid.
I am barely old enough to have experienced video rental places. I was like 10 when they started dyeing out. Maybe younger i think. It was a trip for sure. We looked forward to entertainment and when the weekend came, mom and i would rent games, movies, cook random fun junk food and party all weekend. Miss those times.
@@foxdavani4091 i was born in the 80s and we went went to blockbuster or tower records to rent movies 2-3 times a week. and I rented nintendo and sega games too. it was kind of a fun family affair going to pick out movies. its nice to sit down and have a dozen movies at your fingertips but i definitely miss going to the video store together and wandering the isles showing eachother movies, it feels like something has been lost (along the lines of eating dinner at the dinner table every night sort of thing)
The receivers who are appointed by the court to run the company (management was also laid off) will be out to collect all of the company's assets so they could be sold off the cover the outstanding debts.
@@s7r49I miss going to the store and wondering about wondering what to watch. It was the experience I miss. I refused to stand outside to rent a movie - dumb idea
We had the same issue about Christmas Tree Shop. They went through the court for ch 11. The loan that they were suppose ro use for the employees was spent in a trip to Italy. We were suppose to get bonuses for staying till the end, which never happened. It took months to get any pay. Sorry about this
I just got this video suggested to me, and I'm so sorry this is happening to you and all the employees in the emails. They really screwed you all over and this story deserves to blow up and Bill Rouhana deserves to be in prison. These testimonials were absolutely heartbreaking. As a former customer of Redbox, I loved the service, and all of you were the backbone, restocking these machines, and it breaks my heart knowing that so many lives have been ruined by blatant corporate fraud.
2007-2009. Before all those corporate buyouts started happening, myself, along with a very talented team of people built learning and development for 48 states in Puerto Rico. If any of those people are out there, I want to say thank you. Being bought out was difficult. They were decisions, made that I don’t feel were accurate or fair and above and beyond me. But I want to say that I had the best team to work with and the talent was absolutely immense, and I would be honored to work with you again.
For all you Democratic Voters, go look and see who was a MASSIVE Donor to the Democratic Party (Bill Rouhana)... Chuck Schumer specifically ... then go vote accordingly !!!
20 bucks says Redbox will cut a deal with regulators, pay a $10 million fine that comes out of the corporate account, the company will admit no wrongdoing and no executives who made these decisions to steal from the employees face any kind of consequences whatsoever.
@@pepperroni4016 literally everyone in America back in the day. Formal education is a tax on the population to line the rich. The country was founded by men with no formal education. Yet somehow these men formed an entire country that is (was) like no other. You're a bitter troll.
wishing you the best with your ceramics shop! corporate greed and mismanagement are a blight on us all youtube recommended this video to me so hopefully commenting will get it recommended to more people ✨
I legit didn't know how bad it was. I was a weekly rental from my redbox since I live without a reliable enough internet connection to actually justify a streaming service (this video alone took me 10 minutes to download). I guess I'll have to start buying DVDs and Blu-Rays again.
I loved Redbox, especially back in the 2000's and early 2010's before the mass digitalization of entertainment. I used to rent video games every week. I still used it once in a while in the present. Last time i used it was last summer when I lost my wifi for over a week due to switching providers. Redbox literally saved my sanity that week
It’s crazy, I remember people lined up to rent movies from Redbox only a few years ago. Now it’s going the way of BlockBuster. Hopefully employees are made whole.
@@wk8219 in this day and age you can stream everything now. If you're on here reading this comment that means you have internet. So no need for redbox, Blockbuster video or any of those type of places anymore.
Try *a year.* And there's three Redboxes *in close proximity to each other in my town, some more recently changed than others.* The CVS Pharmacy in Dixon, CA had it's last addition being an ad for the then-new Mario movie meanwhile the nearby 7-Eleven (remember what I wrote about Redboxes being close to one another?) had it's last title poster batch promote "The Woman King" and 2023's "House Party". As I have to sell other's beverage containers for money and regularly fish them out of trash, I would overlook trashed Redbox ads and posters, noticing no discarded posters for quite a few months.
Redbox was great. The problem for me was the cost of gas for two trips which ended up costing more than a $5 digital rental. So I switched over to digital rentals, but then got a streaming stick. And found websites eventually started streaming movies and tv shows in HD instead of crappy quality with a watermark like what I was used to. So I started using my streaming stick to stream everything for free in HD. It paid for itself in a few months.
I know your pain, my friend. In 2015, a company I had worked for, for nearly 13 years, was bought out by one of the partners and he used the company assets to spin off another company and bankrupt us. He never told us we were going out of business. We were told, in a corporate meeting, when the court-appointed liaison over the receivers read a letter from the owner, to the 1,500 employees that "today is your last day." Being in I.T. I stayed on to "shut down the company," as a consultant. I simply hung about, watching over the server farm spin-down and archiving process, and got paid by the court to read books, play video games, and drink coffee, cola, and fancy bubbly water. But the back pay? We got about 30% of what we were owed, and luckily the courts made the company provide insurance for 60 days past closure. The post-closure auction was a complete joke where the only auction attendees were employees of the auction company and everything sold at 1-2% of its street value. For example a brand new 15 million dollar warehouse conveyor system was sold to one of the auction employees for $1,200 and our fleet cars (some only 2 years old) with all maintenance records, went for as low as $100 each. As for the owner who bankrupted us to spin up his new company? He escaped punishment and didn't lose a dime. He lives in the same neighborhood as a certain twice-impeached Florida retiree.
I once worked near a Red Box kiosk and someone showed me a case that had a video game they rented. The disc was missing and someone had perfectly printed a replica of the disc onto a piece of paper inside. It had bar code markings on it and everything. 💀
Ah, the Redbox video game scam. Get a $60 video game for $2.99/day rental fee. Problem is when the next person rents the game and finds out they're stuck with a piece of paper, the bar code tracked to the last person who rented and returned it is recorded. Should charge them automatic non-refundable $100 fee for theft. I bet that'd stop the scam real hard.
@@delanorrosey4730 except the person that does the scam calls Redbox and tells them they found a piece of paper in their game rental case... So who was it?
@@delanorrosey4730nope as someone who did this monthly, you can shut your card off or replace the debit card or use a prepaid card (which they eventually stopped taking.) some banks even let you block certain transactions from specific companies. So trust me I got a lot of Redbox games. 💀 Also that’s to much work. You could easily peel the sticker off and put it on a blank disc.
@@delanorrosey4730that’s why you get a Walmart Visa card and hit a bunch of Redbox for the 60 video games then go to GameStop and trade them in for cash. You would have to be a dumbass to use your actual card to rent out the games and try this.
yea and big mistake telling anyone about it like us or the internet.. he could of recouped that 850 dollars secretivly with all those dvds just repackaged them and went on ebay etc
@LatitudeSky Oh it's ALL ours. Former employee speaking here. Each Macine holds 720 movies max. There is NO WAY for them to track who has what movie from what machines. We all still have our keys, badges, and work clothing. If we wanted, we could empty every kiosk in sight
Burger King is doing similar shady practices. Not compensating gas mileage for DMs, not paying overtime to employees, etc. They are failing hard and i stepped down from my store after seeing them short an employees paycheck for the 3rd time. Scummy corporations suck
Aint fastfood places are own by individuals that pay license fee to Burger King coporation? its franchised out to private owners? can't blame burger king for a crap franchise owner.
@@sparda9060 no, it was a corporate owned location, they recently started purchasing their stores back from the private owners to try and fix their brand image.
As a physical media collector I've seen this more than once. The biggest one was with Blockbuster, I remember as a kid at the time my dad bought many of the Dvd's for cheap when I guess they were deciding to liquidate all their assets, so those DVDs had to be sold even it it were for just pennies on the dollar. This was also around the same time when Gamecrazy the blockbuster version for games started closing their store and had also gone under. Sad thing was both these stores were usually tied to the hip because the blockbuster and gamecrazy stores would be conjoined together where you can literally go each of the store without having to pass through a door, that time too they were selling the games for cheap. I don't know how that would work with redbox, but at least you can make some money back selling those loose DVD's.
most collectors wouldn't want the DVDs bc of the sticker attached to the top label. It usually cannot be removed without damaging the art, like in regular dvds, and not without damaging the data like bluray and other multilayered discs. Some people like blockbuster stickers, but I doubt there will be any nostalgia like that for redbox.
@@penguinjay Yes, blockbuster had those stickers as well, But I'm a physical media collector for the sake of not being dependent on digital. I'm not a collector for the sake of thinking it will balloon in price, I just very much want the ability to control when and where I want to watch what I own. Gamecrazy Didn't have those stickers thank god. I knew someday things would move to digital and a lot of movies would die off, lost to the ether short of just watching it pirated.
I was a RedBox customer from 2011-2023 after Blockbuster mostly went under (the final ones in my area at the time closed in early 2014). I did notice that RedBox's kiosk and digital rental selections dropped considerably over the course of 2023 and saw some kiosks closed over the country, so I had a feeling that the company was going under. It's a shame that Chicken Soup for the Soul's management was criminal as there was still a market for physical media and the company had a great online rental selection. Hang in there @Nick Jordan and thank you for uploading this video!
Since I signed number 10,000, I would like that one. I will pay to have it shipped to my home. My family did not invent Redbox, but my father side of the family was actually an innovator of vending machines and I will hold onto this and it will go to a museum in my will.
@@NicholasjordanbergmannYour video has given me great insights on the shady business practices before everyone gets laid off and/or the company shuts down. It seems like something similar is happening at the job I work in (healthcare, not entertainment). They stole our covid hazard pay from the state without criminal prosecution. Lately, my medical obligations have been going up, despite me paying for premium medical insurance. Recently, there have been no buyers for the company and the CEO demands a taxpayer funded bailout in order to get an investor whom will repeat what they did. I'm also suspecting either they're no longer contributing to my 401K or the dividends from the investments have flatlined. I've also tried to go out on FMLA, only to come up against a brick wall. The new hires barely work, drain the company dry of OT, and if I signed up for OT, I'd be forced to work hard for it. My company has also written me up several times recently. Not that it wasn't deserved, but not at times when I gave them my all and have had multiple medical illnesses. Meanwhile, our CEO parachuted out with $90 million; the previous sellout CEO sold a $1 billion/yr company for $60 million in cash. The executives used to live in real nice company houses all paid for by the company for free, all expenses paid. They were bulldozed to make way for McMansions for the executives and their families. I reckon it costed about $10 - $15 million for 10 McMansions.
0:51 I’m the original inventor for the Disk Vendor vending machine in 1999. Same exact time Redbox started. Many believed my patent was copied during development by John. So, I’ve never sold my patent to this day now 22yers ago.
Every single time I tried to rent a video game from them it was just a piece of paper photo copy of the disc. Literally every machine in my town would eventually be paper instead of the game disc and the more you reported getting paper rentals their customer service accuses you of foul play. By the time my family moved out of a black neighborhood Red Box had quit renting games.
Let me be the commenter to confirm I rented resident evil 2 remake on launch weekend and had a great time. After that I never saw another video game in a Redbox again which means that's all the business they got from me 😂
@@robnelson6545 That only helps if the lawyer thinks this case is worth the time and effort for the possible payout. With them being in chapter 7, it's very unlikely anyone but the major debt holders, i.e. banks and other corporations, are going to see a penny.
The problem with that is that the only source of money are the company execs, and to get money from them, you'd have to pierce the corporate shield. Generally speaking, one reason that corporations exist is that it prevents liabilities from getting transferred to anyone in the company. It might be possible if you can prove wrongdoing, but if this is purely a company running out of money, it might be difficult. Lying in emails is probably not sufficient, but if there was embezzlement, maybe. Paying himself first probably doesn't count either, it would have to be something like actually confiscating corporate funds for personal gain outside of what pay/perks he could normally claim. If I recall, payroll is the first in line for any reimbursement from a bankruptcy. But I don't think that includes medical or other benefits, like PTO. I think creditors come next (like whoever got tagged for that loan that paid out part of the payroll), and finally, stockholders.
Went to HEB the other day and the Redbox was off. She does the grocery shopping so I don’t know if it was recent or not but we were both surprised there was one to begin with. I haven’t used one in years. I used to rent and copy the movies and return them the next day lol.
Exactly. I'm very surprised staff didn't see that dvd's were dead years ago. It would be like working in a company that made analog line telephones. How long will that last?
I’m so sorry my friend. I really am. I love my job at the local gas station. I remember seeing a Redbox in the store next to us and it truly is sad to see things like this go but seeing a you all abused like that is much worse. An era ended with the abuse of people instead of a quiet sad goodbye.
You rock! 💎 Thank you for watching until the end. You can support us for free by watching our pottery content @swancityceramics on RUclips, we Livestream making pottery to show the entire process. Also, you can use code “Redbox” at checkout on our website or Etsy, for 25% Off. Thanks again Mallarie, very much appreciated
When Red Lobster went under, they were auctioning the entire contents of restaurants as a lot. Some people paid as little as $5000. Too bad theres no use for red boxes except scrap metal.
I'm glad I live in Sweden! Healthcare are payed thru tax, union is strong and if you pay a small fee you get up to 350 days payed thru the union, called Arbetslöshetskassa, "Unemployment agency". I know the struggle with low payouts due to an long time unemployment but still, i can survive.
I remember RedBox that was supposedly “The Next Big Thing” then it kind of fizzled out, where I used to work there was one outside of CVS then a few months later it was gone (they never updated anything inside the Redbox machine) The CEO sounds like my last boss (all of our checks bounced, missing checks, she owed employees lots of money no one saw a dime of it, she never paid any of the distributors who supplied our soft drinks and our last paychecks (after permanently closing) also bounced, I was the only who got it in cash (I told her I wanted to get paid but it must be in cash) She filed for bankruptcy too and no one got anything
Wow, this is eye-opening! Thanks for sharing this. It's crazy to hear that they weren't paying employees and just shut down without a word. That's so messed up. As a customer, I had no idea things were going so poorly. They should have at least let users know what was happening. Shady business practices like that leave a bad taste in everyone's mouth.
Man from someone who is struggling as well you get my like on this. I hate when companies they just think on the money and the capital when they have executives getting salaries that would at least save some employees lives per year. I wish people had decency like in Japan and the executives would volunteer to cut their salaries in behalf of the company.
You have a distorted perception of Japan based on a few outlier stories. The Japan CEO stories mirror the missing centenarians. Golden parachutes are a problem, but CEOs do matter, and when compensation is more greatly linked to success, and failure I don't see the problem. Redbox CEO wasn't making that much comparatively with over 1,000 employees his 10 million wouldn't go very far anyway. People who have only been employees don't know how little money millions are for a business.
I didn't even realize they were in bankruptcy. Considering I haven't even thought of the brand for nearly a decade, they've probably made some mistakes. Sounds like there needs to be a lot of lawsuits from former employees to get reimbursed for the funds that the company stole from them.
I loved red box and it was convenient. Then the boxes started to disappear and I knew something was wrong. Luckily I still have my local library’s for free and Tubi on line.
Woah this is weird, I was just going through my old pictures and was looking at a pic from 2013 that had a Redbox machine in the background and I thought I haven’t seen them lately and looked it up to see if they were around. I moved across the country and thought maybe they were a regional thing but after looking online I saw there was a couple nearby and figured I just never noticed them. Crazy to see like a week later I find this video
I noticed they started disappearing late last year. By June of this year only 2 of the over 2 dozen that were in my town were left. And the blockbuster one's disappeared like 9 years ago when blockbuster went belly up.
It sucks, but when a company goes under, the CEOs get their golden parachutes, then the creditors get payed and there is almost NEVER any left over for the employees.
I just finished watching Bright Sun Files' video on Redbox, and I really enjoyed it. It was insightful to hear perspectives from both an executive and lower-level employees. While the executive provided valuable insights, hearing from the employees on the ground added depth and a different perspective to the story.
I live in Montana. If I were to go and rent all the movies and not return them, would it hurt an independent owner OR only the evil corporation? Hypothetically of course.
Pizza hut is heading that way also my friend, they are cutting our hours , I think it's that way with all corporations until they phase us out to a skeleton crew
Let's go Swan City Ceramics!
This is one of those few sponsors, even if it is your own, that truly deserve, if not earned, to be shared around.
You rock! 💎 Thank you for watching until the end. You can support us for free by watching our pottery content @swancityceramics on RUclips, we Livestream making pottery to show the entire process. Also, you can use code “Redbox” at checkout on our website or Etsy, for 25% off. Swancityceramics.com
Thanks again, very much appreciate all the kindness, you are seriously awesome
Capitalism brings this. Exploitation and ruining culture. Even culture like martial arts 🥋 is ruined in America.
Read my comment and grow some brains
Since all my time using RUclips, I have never shared a video on my personal Facebook until today
@@mikebradshaw8530 What?
Bad business decisions are one thing….taking out 401k and health insurance premiums and not actually paying it is CRIMINAL. People should be headed to jail for that. We need to start demanding far more of our justice system for corporate crimes
A company I worked for in the early 2000s was using 401k money for operating costs. They went bankrupt of course, but no legal issues since the company folded.
Start with the geo on down..
What do we expect when the criminals own and control everything? Welcome to capitalism!
jail.... they barely go.. when are you idiots actually going to take your rights seriously and use them?
Everyone on the board and officers and EVERYONE in HR should be charged with felony conspiracy. If you lost everything and they get away with it, I wouldn't blame you if you did stuff.
The company stealing people money in not only normal pay, but stealing health insurance, etc need to take all their millions and then locked up for years. Sounds criminal to me.
He is lying. It's not possible. The Guy in this video is lying. I run hundreds of billions in 401ks for companies. So I know he is lying.
@@pepperroni4016I run hundreds of billions in 401k so you are lying. I know it as well…
@@pepperroni4016 - He's telling the truth and the issue has already been mentioned in court.
@@pepperroni4016bro really tried pulling the equivalent of "my dad works for Microsoft he'll ban your Xbox account"
it's only criminal if someone acts as though it's criminal. what's commonly done is finding someone who's unsuspecting or "in on it."
If they owed me $800 I would consider those DVDs and BLUs mine
That’s what I was thinking too 😅📀🙏🏻 The dude is in DVD heaven right now!
I do not have a horse in this race at all, but I am sure their contract, as an employee, covers something to the affect that those DVD's are the property of the business. At some time, they will be collected, and sold to pay back debts. Possibly to help cover payroll, and insurance costs. The employees would be helping themselves in the long run to be sure they were returned. Just my opinion, being a long term business owner.
@@pttn975 I feel the same way.
I'm not a lawyer, though. The law is more black and white than feelings, so the legal questions need to be addressed first before he just starts selling off their/his inventory.
@@sparky5543 I wouldn't release the movies until I get paid what I'm owed. If they refuse then I'd sell them on eBay.
So I'm not a lawyer but he can sell them but he also has no duty to protect them as he is no longer an employee he can send a letter and say I'm sitting them on my porch they are your problem that doesn't get him money but he doesn't have to keep them in his house
I'd imagine all the executives got paid. Funny how someone can steal twenty bucks from a store and get 10 years, while executives steal millions and get severance pay.
Exactly!
All of society is about what club you are in. It pays to be in the management club, but you gotta like golf and stuffing feathers in your hats.
You forgot liking the taste of chocolate starfish @@brushstroke3733
Not only that but they probably knew everything was going down and had the opportunity to save up or find new jobs while actively hiding it from the rest of the company
You have to steal over $1000 from a store. Also, you'd be lucky to get 10 years. It is catch and release a lot nowadays. Jails are overcrowded with no room for petty thieft.
As a former Blockbuster employee of nine years, I find it ironic that Redbox shut down on the ten year anniversary of most Blockbusters closing their doors. Hang in there, man. It's a struggle out there for us media employees.
Be Kind and Rewind
😢the memories
@@rustyshackleford5166
Every time I've passed by a Red Box, I've always wondered how they were even able to exist in an age of streaming services. Now it makes sense.
For a buck it worked, for 2.50 not at all. 2.50 per night adds up fast. So customers stopped using it opting for $6 digital rentals instead. Then redbox got into digital rentals itself, competing with itself.
My mom. They had movies before streaming services would get them.
Well, some savvy computer people are digitizing their DVDs to avoid paying out the nose for streaming services every month. Thus, the ability to rent a DVD and digitize it is cheaper than buying. Still, I wouldn't put a rental DVD that probably hasn't been cleaned in forever into my drives. But someone might?
@@Quagthistle I mean rubbing alcohol exists? It not a sponge its a cleanable piece of plastic as long as it isn't scratched it is gtg.
Well, I used them all the time before movie subscriptions were a thing. They basically have all the new movies. After they leave theatre's you can rent then at redbox. So that was pretty good. Also easy piracy.
Chicken Soup for the Soul owning Redbox is unexpected
And a company with such a sweet flowery name being such ass hats is also unexpected.
@@robertwarner-ev7wp Nah, that is par for the course. The ones who put up the best public images are almost always the most despicable people.
They are all dirtbags
No wonder I never got into the books. I’ve only ever read one cat-themed book.
@@wintersprite I read that book because my aunt got it for me as a gift one year. Put it down after 2 or 3 pages.
And yet all these companies expect a 2 week notice 😂
last place i worked had a work culture of people either dissapearing abruptly and nobody knew it was coming, or only their friends got a heads up
i dont recall ever seeing someone put in their official 2 weeks, but to be fair we are easily replaceable so idk if its even a big deal to just say aight im out peace
"Expect" doesn't mean you have to actually give 2-weeks
Even under work contracts, that demand is often legally unenforceable.
It's a courtesy, not a requirement.
How about this perspective.. giving notice is your way of saying you appreciated them giving you a job in the first place, hence paying your bills, etc, etc. Its purpose is to give the business time to find a replacement and not be short-staffed. Not giving notice does ONE thing, it makes the other employees take up the slack of what you did, making their jobs tougher. Your stabbing the other employees in the back, not the business. Transparency: As a business owner, I have seen this way too many times, and it does make it harder on the other employees.
@@sparky5543 how much notice do most employers give when they are laying off/firing someone?
If the assessor ever contacts you about the equipment and DVDs dont forget to charge them back storage fees on top of transportation fees if they demand you bring them somewhere
I love how a company can just go bankrupt and not ow a thing but try going bankrupt as an individual and see how hard it is.
The primary reason many corporate employees, including executives, do not face criminal charges when their business goes bankrupt is due to the legal concept that businesses, as separate legal entities, can be held liable for their actions rather than the individuals who work for them. This concept is rooted in corporate law, which distinguishes between the actions of the corporation as an entity and the individuals who manage it.
Man the irony of they guy who made chicken noodle soup for the soul becomes the villain. Really lives up to the quote- die a hero or live long enough to become a villain.
The founders of CSFTS haven’t been affiliated with the company since 2008.
@@kaymills696 So now Chicken Soup is bad for the soul, appparently.
Thinking the same thing…..🥺🇺🇸
Which would be worse, to live as a monster or to die as a good man?
@@mattygee79A man of culture I see. Shutter island is amazing. 😊
This happened with my stepfather(RIP) when I was in junior high school. He worked as a foreman at a meat processing facility making good money and with excellent benefits. We had a new home, several modest vehicles, and between my mom being a nurse and his pay we ate well and didn't worry much about the bills every month. One morning he went to work to find that the doors were locked, and hundreds of employees were lined up outside. They shutdown without any notice at all and left every employee hanging. They didn't pay the employees their pay, vacation pay, medical, nothing. He was broken after that, but being a hard worker even though the job market was extremely tough, he did everything he could to keep the bills paid, picking oranges, working on the railroad, etc. anything to bring in money.
The american dream.
What happened after? Did he find more work in the end?
I only knew chicken soup for the soul from their story and motivational books. I never knew that they owned Redbox. Crazy.
@@Larryyou know what his ending was larry
Thats why you never give to much to a company..only takes 1 person to fuck everything up. A bad choice, a bad coo, etc....then ad other factors like loss of revenue
I was an ROS for 8 years.
I was let go in 2022. I received a severance package, because they were cutting a large portion of the staff.
Before the pandemic and the change of ownership, Redbox was a spectacular place to work for.
YOU READ MY EMAIL!!!!! Thanks dude!
I worked at the Refurbishement Center for 6 years, it was awesome before Rouhana the pirate
@chrism4008, should I rent a redbox movie? There's a functional machine near me.
@@johntroutman7256just 🏴☠️ it. Same quality or better, free, freedom to watch in any device, no return date, no supporting a sh*tty company
@@johntroutman7256 How is it functional? Was it a franchise deal or something?
If you're working for a company and they miss ONE paycheck, get out of there immediately!
Guarantee that those tasty golden parachutes for all the corporate suits already deployed…no late fees on those suckers! Sorry the working guy is on the short end again😢
Yeah, but if they can't pay their rent/mortgage on time due to their employer being late, they get late fees. If they take longer, evictions.
@@istankimjong-unbutcantstan3398 the joke was that the safety net for the c-suite is well and good, I don’t like hearing about missed payroll ever. It’s disgusting. And the wealthy spent way more time saving their own skin than taking care of the company
In a Chapter 7 bankruptcy all non-payroll related payments for the prior six months can be 'clawed back' by the courts. And most CEOs get a significant portion of their pay as stock options that they cannot execute for several years. So the senior executives will wind up giving money back to the court.
Also, payroll is considered to be a 'priority claim' so that along with taxes and _bank_ loan payments will be paid first with whatever money is left over as the company assets are sold. Other debtors get what's left over after the first three groups are paid.
The psychology among management is basically one of self-deception. They desperately need to get that loan in order to continue operations so they convince themselves that they will get the loan. They are lying to themselves and each other that things will get better.
And they can't tell the employees what's going on because the employees will leave when they hear what the actual situation of the company is - and if this happens, even if the get the loan - they no longer have employees.
At this point the lawyers are running the company.
One time I was called into a closed-door meeting (actually the door was locked after we were all there). The General manager stated that the company was able to secure financing - but the financing was contingent on a 20% payroll cut. We all had to sit in that room and decide who got and off and who stayed. I was able to save all but one of my people. Once the list of names was prepared - we had to stay in the room while HR called the people in to their office - one at a time - and told them that they were now laid off and they had to leave the company property immediately.
That was an extremely painful experience. I was fighting to protect my people - knowing that for every one of My people I kept - somebody else would lose his or her job.
And everybody who was left hated us.
The corporate account will cover any fines incurred, the company will admit no wrongdoing, no executives will face any consequences, they will get a golden parachute land at their next company to run into the ground and enrich themselves.
It doesn't work that way. Any 'golden parachutes' will be confiscated by the court-appointed manager. In fact, all payments for the previous several months will have to be returned.
It's not as if the laws covering bankruptcies are not easy to find. You are using your prejudices as the basis for your opinions.
I was an Field Service Tech with Redbox in Pennsylvania. Like you with the movies, I now have tools and parts piled in my garage along with a company vehicle in the driveway that can't legally be driven. And like many, I also enjoyed the job and will miss it. What a sad ending for so many. One thing that is adding insult to injury is the lack of actual facts out there about what happened. Many video and news sites are blaming streaming and a dropping demand for DVD rentals. Although that played a role it wasn't the primary culprit. Thanks for spreading the truth.
Park that car at Wal-Mart and leave the keys in it. Report it stolen and wash your hands of it.
Very likely corporate meddling just saddling Redbox with more debt.
Find somebody like a repair business to do a storage lien on it . Pay them to do the paperwork .
Submit charges for storage fees to the court. If they are not paid, file a lien against the vehicle. They use the court against you, use it against them.
Check your state laws on abonned vehicles and how long that you have to wait before applying for ownership.
This is why corporations and CEOs are so hated.
Almost everything that you enjoy comes from a corporation.
@@redcat9436 A: You have no idea what I enjoy. B: What I said is true.....totally true.
@@redcat9436 drugs aren’t
@@InterestsparkedTVCartels are pretty Damn close. Lol.
@@redcat9436they can also f*ck up everything I enjoy.
Living is rural Wisconsin and not having internet for many years I relied on Redbox for consistent entertainment at a bargain price.
Once the vide stores closed they were a welcome and convenient option with multiple kiosks available with a 3 to 15 mile drive.
Customer Service by phone was always courteous.
Speaking to the kiosk service person refreshing new videos on a cold winter day was always pleasant.
That said I haven’t received emails from Redbox for months and the kiosk’s haven’t been updated for months.
I knew something was up.
Thanks for filling in the blanks.
Best wishes to all the employees that were mistreated.
😅they owe you money, I’d sell those dvds to compensate what was lost, and sell them asap cause they don’t retain value.
even $1 each you will make your money plus then some.
Nah don't believe that these DVDs don't retain value, I resell DVDs all the time. There's still a big market for them, the entertainment industry just wants to stop it because it's not as profitable as before to sell physical media. It's because with physical media there's a process and cost of the media being made and transported to stores.
Trust me physical media still sells and is still a 100 million dollar a year industry. It's just that corporations want the easiest and the most profitable ways to sell their movies, music, and products.
Before streaming physical media was a hundred billion dollar a year industry. Now it's a hundred million dollar a year industry. It's just something they don't see as profitable as before so they keep pushing the lies that no one wants them. But just like anything else, once you make it scarce, demand increases for it.
Trust me in a few years or so DVDs and Blu-ray's will be in demand, just like vinyl is for the 2020's.
@@JamesCH08Yes physical is still in demand. Just less than it used to be. It’s more than a 100 million dollar industry though.
@@dishsoap1 Oh I know, I didn't clarify what I meant by $ 100 million a year industry.
It's about $100 million a year for newer printed DVDs and Blu-ray's movies. It's way more if you include used or older DVD sales.
But I think that's why entertainment companies want to push to do away with DVD's as a whole. There's to many properties that are widely available on DVD that they want to still try an charge people to watch.
I was a red box employee for 3 years. for me it was just something to keep me busy after my Retirment Actually i was surprised it lasted as long as it did. I built up some good friendships and sorry this happened to those good people
This is horrific. I say this with my whole heart, fuck the lying CEO, and anyone who let these people be uninsured while stealing their money from them.
Redbox was pretty alright. It drove all of the local video businesses out of my town, but then streaming killed Redbox... and now Streaming is trash.
Yup when there is not competition that happens
Right?! Now we’re all begging for video stores to make a come back ! There was one lonely Family Video left in my city up until a few years ago it closed and was replaced by a dollar general
@@yamigurl822 one thing i started using is gamefly they have a blu ray and dvd level if you dont want games. but they send a disk in the mail and the selection is great for me. but yeah i agree we need more options in the space
Streaming didn't kill it, Bill Rouhana killed it singlehandedly. Streaming put a dent in it for sure, but until he came along it was still going ok
@@chrism4008 Yeah I was still renting at Redbox pretty regularly when they still had new releases coming, 2 bucks is still cheaper than than the 6-20 most streaming sites would charge you after all. When they stopped restocking on new movies this year and kept the same displays for months on end with the now year old Barbie as their headliner is when I knew Redbox for certain was on it's way out
Bill Rouhana needs to be held accountable. The employees of Redbox need to join together and sue him.
The real problem is there haven't been more than one or two movies made in the last five years that I would bother to rent. You can't succeed in a movie rental business when there aren't any good movies being made.
The wokeness is slowly going away thankfully.
Flea market & yard sale, my friend. $2 for the DVDs and $5 for the Blu-Rays. Cash only.
Best of luck to you, your family, and your former co-workers.
Even at a dollar each itd at the very least cover the owed income and then some
He can't. That stuff is not his, not yet anyway. The court is going to want all of it back. He can sit back and watch a lot of movies, though. Copy them, maybe.
He could charge storage fees for said property. Get something from the trouble.
There are thousands of them already up for sale on ebay, they aren't anyone's dvds
@@Hunter-vl6ftto who, the people who refused to pay his wages? 😂
Oh man, you have my deepest sympathies. It's terrible what happened. It's not right to be treated like garbage.
Welcome to capitalism!
@@3nertia Yeah, because Socialism and Communism is so much better! lol
@@darrenleaguecity Maybe don't knock it until you rock it. You can't believe everything you learn in school and the news. Read up on them. That "Rec Scare" was the USA being afraid that countries MAY START EMBRASING THOSE IDEOLOGIES and not some country forcing them to. The USA has been fighting behind small factions in countries that were socialist by democratic vote from the majority but the minority would get help from the USA to throw their government overboard and then set up a puppet government that favored the small faction and - more importantly - the USA. The reason capitalism is ranked so high is because workers virtually have no rights and are at the mercy of companies and can get screwed over like this. The company can declare bankruptcy and you are out them money.
@@darrenleaguecity congrats, you don't know what socialism actually is, seeing as you've likely used a public road in the US, you have experienced socialism.
fascism, communism, botulism
right wing, left wing, chicken wing!
Oh my God they killed their employees? 0:06
🤣
Oh the humanity!
Best Dad joke here
@@LayingInAMeadow Thank you, I am really funny but not a dad.
You can't pay someone if they're dead.
The former employees need to form a Class Action Lawsuit against Redbox.
I just passed by what was obviously an abandoned Redbox the other day in Clayton, NM. I guess this explains it.
Glad to see the worker solidarity in emails, but those testimonials were heartbreaking. Its absolutely fraud and will ruin so many lives, but best bet no one is going to jail for these crimes. Also, had no clue Chicken Soup still existed as a company or was connected to Redbox, my how they have fallen.
I wonder if the IRS received the tax money deducted from employee paycheck. The IRS always gets their money. (This has happened at other companies)
Working in Lakeland would mean you restocked my Redbox machines. So thank you.
Yes thank you restocking my redbox machinr I last used in 2012
@@matthill2957they're very clearly still being used seeing as DVDs as recent as 2023 releases were being stocked.
@@matthill2957maybe not u but there’s plenty of others. Idk tho u may be the only person in the whole town😳😱
I worked at a Walgreens and right before this happened, our Redbox machine got hit by a car by an elderly man who thought he was pressing the break but was in fact hitting the gas. We were told that they were going to send us a new machine. Not even 2 weeks later Redbox shuts down, leaving a smashed Redbox machine covered by a trash bag and caution tape for the foreseeable future. My last day at said Walgreens is coming up soon but I’m very curious to see if the machine will ever be taken away.
I am too (so nosey). Keep us posted!
They'll definitely disappear. CVS asked the court for permission to remove the machines themselves. Walgreens will eventually too I imagine
Walgreens is right behind red box my guy
@@mattpinap Maybe, but I don’t have to worry about that anymore. Left that place behind me.
I am curious as to the fate of these machines, as well. After all, seems to be four functional machines in my area. So... do payments even process? Is anyone left at the helm at the HQ? Do places that left them outside even care if they just leech electricity?
I knew there was MORE TO THE STORY. Thanks for speaking loud and breaking it down. Nearly all corporate decisions are avoidable. Many corporations allow themselves to continue to hemorrhage until its too late. Many burden their lower tier employees instead of doing what is necessary to change actual direction.
Thank you for this video. I appreciate you sharing how the collapse of Redbox affected employees. The employees' stories are often skipped over to focus on how executives mismanaged the company.
I'm sorry for all the emotional and financial pain you, your coworkers, and families suffered.
Im here before this video blows up!
But as another Floridian who recently also lost their job due to Corpo Malfeasance I feel you bro.
I appreciated your insight with screenshots of the actual emails. Really thorough stuff.
Hope you find luck settling into a new occupation soon 👍
Redbox does well in places without internet. So basically only rural places. DVD rental business has been failing for a long time, even with any corporate "malfeasance" the industry is contracting. Demand for DVD's is far lower, youtube is part of that.
Another lowly Florida man here, ya I'm waiting for another corporate debacle in my life. I been through several. Things getting real slimy here and i'm not talking the water!
I hope things come up for us all here. Florida can be tough, especially newbies.
Much love from NPR!
So sorry to hear you lost your job. I hope you are well and that things improve soon!
We used to have protections from this kind of predatory venture capital. But then Raegan convinced us all those complicated oversight agencies are bad actually, and began 50 years of underfunding them, cutting their authority, and defanging their punitive power.
Now all of us are at the whims of a small handful of people at the top of a slanted system. But, that means we are all so close to being on the street we don’t have time to look up and organize. Which is precisely their plan, while they spend billions pumping our heads full of FUD about the very agencies that could protect us.
Over and over, chipping away every chance they get.
So they kept withholding ins premiums for policies they closed and kept taking 401k and pocketing it…..that’s criminal sir
Yes, it is blatant theft, they need to be prosecuted. It is not a normal part of bankruptcy proceedings.
Welp let's wait for the class action news
The lawyers win in the end. @@savlosavage
They weren't 'pocketing it.' They were using it to pay the overdue bills for stuff like electricity - which would get turned off without payment. What typically happens is that wishful thinking takes hold and they think that if they can only hold things together long enough to get that next loam - they will manage to muddle through. And they are probably lying to themselves about the prospect of getting that loan. Then convince themselves that they will get that loan because they are so desperate for it.
If they were thinking rationally, they would have ceased operations at the point where they could still meet payroll.
@@colincampbell767 Doesn't matter what they used it for, that is still theft and fraud.
Really sorry to hear this dude, I hope it all works out well for you!
You could consider starting a patreon and giving away/selling the DVD's you have, now Redbox has gone under, they'll be somewhat of a collector's item! MAybe even sign a few for your fans. :)
Or even selling them on ebay/Amazon, or just donating them to the local public library.
This isn't legal advice. However for those that had medical procedures that were not covered (ie the one who had a million dollar heart surgery) they should be able to use COBRA. When coverage ends, you get COBRA paperwork in the mail a month or so after your coverage ends. COBRA is expensive, could be a couple thousand dollars a month. But it will get your health insurance covered retroactively to the day your coverage ended. So that million dollar procedure could retroactively be covered under COBRA so long as they could pay the comparatively few thousand dollars for the COBRA. There's a time frame of 60 or 90 days (I forget) that you have to submit COBRA paperwork after your coverage ends to get this retroactively covered back to the day you lost coverage. Definitely something to check into
As far as I understand it, there is no COBRA for these employees. COBRA appears to only exist when the health plan (and employer) still exists - It's the plan the employer offers to it's employees. It allows the ex-employee to pay the full cost of the existing group policy (plus an admin. fee). When the group policy disappeared, so did the COBRA. Apparently companies can and do use bankruptcy proceedings to end availability for COBRA coverage for their former employees.
When you're without a job, even COBRA is too expensive.
I'm not sure on this but I believe that Cobra still relies on subsidies from the original company to function. The majority cost share of the premium is shifted for sure to the employee for sure but since the company went out of business there's no one left to even admister the Cobra.
And like the commenter said Cobra is super expensive and out of reach for most folks especially unemployed. It's probably better just to declare bankruptcy at that point.
@@MRBCA500 They're a third party insurer, so COBRA is still there per the law. Had the company had in-house health insurance (rare these days), then COBRA would indeed be gone as well.
I’d keep it all, dvds aren’t worthless.
They'd be better with the original cases though
Should you ever sell any of the DVDs or BDs I would love buy one, I am from germany and when I was in the US as a kid I was absolutly astounded by the concept of Redbox. Yeah I know. 😂 But I am to young to have witnessed actual video store rentals like Blockbuster so this is just blew my mind as a kid.
I am barely old enough to have experienced video rental places. I was like 10 when they started dyeing out. Maybe younger i think. It was a trip for sure. We looked forward to entertainment and when the weekend came, mom and i would rent games, movies, cook random fun junk food and party all weekend. Miss those times.
@@foxdavani4091 i was born in the 80s and we went went to blockbuster or tower records to rent movies 2-3 times a week. and I rented nintendo and sega games too. it was kind of a fun family affair going to pick out movies. its nice to sit down and have a dozen movies at your fingertips but i definitely miss going to the video store together and wandering the isles showing eachother movies, it feels like something has been lost (along the lines of eating dinner at the dinner table every night sort of thing)
They died in Canada in 2015
The receivers who are appointed by the court to run the company (management was also laid off) will be out to collect all of the company's assets so they could be sold off the cover the outstanding debts.
@@s7r49I miss going to the store and wondering about wondering what to watch. It was the experience I miss. I refused to stand outside to rent a movie - dumb idea
We had the same issue about Christmas Tree Shop. They went through the court for ch 11. The loan that they were suppose ro use for the employees was spent in a trip to Italy. We were suppose to get bonuses for staying till the end, which never happened. It took months to get any pay. Sorry about this
I just got this video suggested to me, and I'm so sorry this is happening to you and all the employees in the emails. They really screwed you all over and this story deserves to blow up and Bill Rouhana deserves to be in prison. These testimonials were absolutely heartbreaking. As a former customer of Redbox, I loved the service, and all of you were the backbone, restocking these machines, and it breaks my heart knowing that so many lives have been ruined by blatant corporate fraud.
2007-2009. Before all those corporate buyouts started happening, myself, along with a very talented team of people built learning and development for 48 states in Puerto Rico. If any of those people are out there, I want to say thank you. Being bought out was difficult. They were decisions, made that I don’t feel were accurate or fair and above and beyond me. But I want to say that I had the best team to work with and the talent was absolutely immense, and I would be honored to work with you again.
For all you Democratic Voters, go look and see who was a MASSIVE Donor to the Democratic Party (Bill Rouhana)... Chuck Schumer specifically ... then go vote accordingly !!!
It’s gonna be sad seeing those abandoned machines and thinking of all the good memories
Maybe an adult film company will buy them all up.
20 bucks says Redbox will cut a deal with regulators, pay a $10 million fine that comes out of the corporate account, the company will admit no wrongdoing and no executives who made these decisions to steal from the employees face any kind of consequences whatsoever.
I am so sorry. Wage theft is so prevalent. My heart goes out to all RedBox employees 😢.
What about other minimum wage employees who worked for a business that went bankrupt. Like blockbuster. Your heart goes out for them?
Are you sorry he has a family and never got an education? Who starts a family with a minimum wage Job ?!
@@pepperroni4016 what is the have to do with anything?
@@pepperroni4016 my heart goes out for them don't be an ass
@@pepperroni4016 literally everyone in America back in the day. Formal education is a tax on the population to line the rich.
The country was founded by men with no formal education. Yet somehow these men formed an entire country that is (was) like no other.
You're a bitter troll.
If Red Box liquidates their kiosks to the public, how much do you think they would go for? I'd love to get my hands on one.
I'm sorry
I'm old so I still watch DVDs I loved going to Redbox but during the summer I wouldn't go there because I go to the drive-in
This is all heartbreaking. Not to mention this video also shows we have a huge problem with health insurance and medical costs in America
This is why I became a software engineer so I would not get laid off. Wait, no, that didn't work out.
I am one to, I’ve learned I can mitigate my chances of picking a company that might lay me off during the interview process.
the only way to avoid being an employee that gets laid off ... is to the be the one who HIRES the employees!
@@historybits2570 Very smart.
@@pontificusvascillious5287 An infinite loop.
@@CodingChild >> An infinite loop
wishing you the best with your ceramics shop!
corporate greed and mismanagement are a blight on us all
youtube recommended this video to me so hopefully commenting will get it recommended to more people ✨
My first paying job was in a ceramics shop. I hope this one does well.
I legit didn't know how bad it was. I was a weekly rental from my redbox since I live without a reliable enough internet connection to actually justify a streaming service (this video alone took me 10 minutes to download).
I guess I'll have to start buying DVDs and Blu-Rays again.
Not everything is physically available.
Might I point you to making a home media server and some 10-20tb datacentre drives, sir?
Have u looked into starlink?
Commenting to help the algorithm.
replying to help it a little more.
I loved Redbox, especially back in the 2000's and early 2010's before the mass digitalization of entertainment. I used to rent video games every week.
I still used it once in a while in the present. Last time i used it was last summer when I lost my wifi for over a week due to switching providers. Redbox literally saved my sanity that week
It’s crazy, I remember people lined up to rent movies from Redbox only a few years ago. Now it’s going the way of BlockBuster. Hopefully employees are made whole.
I noticed my local Red Box had not been updated for about a month. Thanks for letting me know what was happening. Sorry they were such jerks.
@@wk8219 in this day and age you can stream everything now. If you're on here reading this comment that means you have internet. So no need for redbox, Blockbuster video or any of those type of places anymore.
Yeah same here. Realized nothing new coming in and seen the writing on the wall before all this was announced.
Try *a year.* And there's three Redboxes *in close proximity to each other in my town, some more recently changed than others.*
The CVS Pharmacy in Dixon, CA had it's last addition being an ad for the then-new Mario movie meanwhile the nearby 7-Eleven (remember what I wrote about Redboxes being close to one another?) had it's last title poster batch promote "The Woman King" and 2023's "House Party".
As I have to sell other's beverage containers for money and regularly fish them out of trash, I would overlook trashed Redbox ads and posters, noticing no discarded posters for quite a few months.
More Redbox stories
Why would anyone think Redbox would be a surviving business model in this day of age is crazy.
Redbox was great. The problem for me was the cost of gas for two trips which ended up costing more than a $5 digital rental. So I switched over to digital rentals, but then got a streaming stick. And found websites eventually started streaming movies and tv shows in HD instead of crappy quality with a watermark like what I was used to. So I started using my streaming stick to stream everything for free in HD. It paid for itself in a few months.
I know your pain, my friend. In 2015, a company I had worked for, for nearly 13 years, was bought out by one of the partners and he used the company assets to spin off another company and bankrupt us. He never told us we were going out of business. We were told, in a corporate meeting, when the court-appointed liaison over the receivers read a letter from the owner, to the 1,500 employees that "today is your last day." Being in I.T. I stayed on to "shut down the company," as a consultant. I simply hung about, watching over the server farm spin-down and archiving process, and got paid by the court to read books, play video games, and drink coffee, cola, and fancy bubbly water. But the back pay? We got about 30% of what we were owed, and luckily the courts made the company provide insurance for 60 days past closure. The post-closure auction was a complete joke where the only auction attendees were employees of the auction company and everything sold at 1-2% of its street value. For example a brand new 15 million dollar warehouse conveyor system was sold to one of the auction employees for $1,200 and our fleet cars (some only 2 years old) with all maintenance records, went for as low as $100 each. As for the owner who bankrupted us to spin up his new company? He escaped punishment and didn't lose a dime. He lives in the same neighborhood as a certain twice-impeached Florida retiree.
I once worked near a Red Box kiosk and someone showed me a case that had a video game they rented. The disc was missing and someone had perfectly printed a replica of the disc onto a piece of paper inside. It had bar code markings on it and everything. 💀
Ah, the Redbox video game scam. Get a $60 video game for $2.99/day rental fee.
Problem is when the next person rents the game and finds out they're stuck with a piece of paper, the bar code tracked to the last person who rented and returned it is recorded.
Should charge them automatic non-refundable $100 fee for theft. I bet that'd stop the scam real hard.
@@delanorrosey4730 they eventually just stopped renting out games, at least in my area. I always assumed it was due to low rental numbers, not theft.
@@delanorrosey4730 except the person that does the scam calls Redbox and tells them they found a piece of paper in their game rental case... So who was it?
@@delanorrosey4730nope as someone who did this monthly, you can shut your card off or replace the debit card or use a prepaid card (which they eventually stopped taking.) some banks even let you block certain transactions from specific companies. So trust me I got a lot of Redbox games. 💀 Also that’s to much work. You could easily peel the sticker off and put it on a blank disc.
@@delanorrosey4730that’s why you get a Walmart Visa card and hit a bunch of Redbox for the 60 video games then go to GameStop and trade them in for cash. You would have to be a dumbass to use your actual card to rent out the games and try this.
Look, at the end of the day, you're still the most entertained man of all time. You've got 2300 pieces of film in your possession
Probably like 100 movies. For a lot will be duplicates.
@@thisshouldbeentertaining3386swap movies with other people ;)
yea and big mistake telling anyone about it like us or the internet.. he could of recouped that 850 dollars secretivly with all those dvds just repackaged them and went on ebay etc
Well if the guy finds a job, he might enjoy watching those movies but currently those boxes just remind him how much of a porn actor he feels like.
@@reggiebannister1080 still can.
At least my man walked away with one hell of a media collection, that's a bit of a W
It's not HIS yet. The court will probably want all of it back. He can charge rent for the space it is taking up. Maybe they will pay it.
@@LatitudeSkymy friend there something called a rip… with technology you can copy the blueray or dvd fully digitally or physically.
@LatitudeSky Oh it's ALL ours. Former employee speaking here. Each Macine holds 720 movies max. There is NO WAY for them to track who has what movie from what machines. We all still have our keys, badges, and work clothing. If we wanted, we could empty every kiosk in sight
I hope you get to keep the DVD’s, you could easily sell them.
Burger King is doing similar shady practices. Not compensating gas mileage for DMs, not paying overtime to employees, etc. They are failing hard and i stepped down from my store after seeing them short an employees paycheck for the 3rd time. Scummy corporations suck
Aint fastfood places are own by individuals that pay license fee to Burger King coporation? its franchised out to private owners? can't blame burger king for a crap franchise owner.
@@sparda9060 no, it was a corporate owned location, they recently started purchasing their stores back from the private owners to try and fix their brand image.
This is interesting, I was just randomly suggested this video. I would love to hear more about this.
Sounds to me like the "assets" are now under lien until you're made whole.
As a physical media collector I've seen this more than once. The biggest one was with Blockbuster, I remember as a kid at the time my dad bought many of the Dvd's for cheap
when I guess they were deciding to liquidate all their assets, so those DVDs had to be sold even it it were for just pennies on the dollar. This was also around the same time when Gamecrazy the blockbuster version for games started closing their store and had also gone under. Sad thing was both these stores were usually tied to the hip because the blockbuster and gamecrazy stores would be conjoined together where you can literally go each of the store without having to pass through a door, that time too they were selling the games for cheap. I don't know how that would work with redbox, but at least you can make some money back selling those loose DVD's.
most collectors wouldn't want the DVDs bc of the sticker attached to the top label. It usually cannot be removed without damaging the art, like in regular dvds, and not without damaging the data like bluray and other multilayered discs. Some people like blockbuster stickers, but I doubt there will be any nostalgia like that for redbox.
Yeah but the time required to sort, list, post, and advertise each is too much time. Best bet is to sell in bulk
@@penguinjay Yes, blockbuster had those stickers as well, But I'm a physical media collector for the sake of not being dependent on digital. I'm not a collector for the sake of thinking it will balloon in price, I just very much want the ability to control when and where I want to watch what I own. Gamecrazy Didn't have those stickers thank god. I knew someday things would move to digital and a lot of movies would die off, lost to the ether short of just watching it pirated.
Gamecrazy was part of Hollywood Video, not Blockbuster
I was a RedBox customer from 2011-2023 after Blockbuster mostly went under (the final ones in my area at the time closed in early 2014). I did notice that RedBox's kiosk and digital rental selections dropped considerably over the course of 2023 and saw some kiosks closed over the country, so I had a feeling that the company was going under. It's a shame that Chicken Soup for the Soul's management was criminal as there was still a market for physical media and the company had a great online rental selection. Hang in there @Nick Jordan and thank you for uploading this video!
Since I signed number 10,000, I would like that one. I will pay to have it shipped to my home. My family did not invent Redbox, but my father side of the family was actually an innovator of vending machines and I will hold onto this and it will go to a museum in my will.
Sorry to hear about job loss
This is incredibly generous, thank you for being awesome 🥹
@@NicholasjordanbergmannYour video has given me great insights on the shady business practices before everyone gets laid off and/or the company shuts down.
It seems like something similar is happening at the job I work in (healthcare, not entertainment).
They stole our covid hazard pay from the state without criminal prosecution.
Lately, my medical obligations have been going up, despite me paying for premium medical insurance.
Recently, there have been no buyers for the company and the CEO demands a taxpayer funded bailout in order to get an investor whom will repeat what they did.
I'm also suspecting either they're no longer contributing to my 401K or the dividends from the investments have flatlined.
I've also tried to go out on FMLA, only to come up against a brick wall. The new hires barely work, drain the company dry of OT, and if I signed up for OT, I'd be forced to work hard for it.
My company has also written me up several times recently. Not that it wasn't deserved, but not at times when I gave them my all and have had multiple medical illnesses.
Meanwhile, our CEO parachuted out with $90 million; the previous sellout CEO sold a $1 billion/yr company for $60 million in cash.
The executives used to live in real nice company houses all paid for by the company for free, all expenses paid. They were bulldozed to make way for McMansions for the executives and their families. I reckon it costed about $10 - $15 million for 10 McMansions.
so you give him 2 dollars lol
I lost my job too!! 🤣🤣🤣
There’s a lot of opportunities for you out there, protect your happiness and security, best wishes
I hope your business flourish and you come out stronger.
imagine finding out Chicken Soup for the Soul inspirational stories owned redbox rofl
Would have loved to keep using Redbox if they reliably carried 4k UHD Blu-ray’s
0:51 I’m the original inventor for the Disk Vendor vending machine in 1999. Same exact time Redbox started. Many believed my patent was copied during development by John. So, I’ve never sold my patent to this day now 22yers ago.
Every single time I tried to rent a video game from them it was just a piece of paper photo copy of the disc. Literally every machine in my town would eventually be paper instead of the game disc and the more you reported getting paper rentals their customer service accuses you of foul play. By the time my family moved out of a black neighborhood Red Box had quit renting games.
Well atleast it’s not a community of pedos and corporate scammers who destroy whole families you know white neighborhoods
Sad world we in
You should have gone to the neighborhood GameStop. Guarantee you would find the Redbox games there.
Well that went from 0 to 1488 real fuckin' quickly.
The first and only time I ever tried redbox, the same thing happened. It was a piece of paper
Let me be the commenter to confirm I rented resident evil 2 remake on launch weekend and had a great time. After that I never saw another video game in a Redbox again which means that's all the business they got from me 😂
They can have them all back for the price of $850
The guys with the medical bills need to lawyer up
They can't afford lawyers they have medical bills to pay lol
@@CannabisTechLife there are many lawyers that will work on contingency for something by as clear cut as this
Try squeezing blood from a turnip?
@@robnelson6545 That only helps if the lawyer thinks this case is worth the time and effort for the possible payout. With them being in chapter 7, it's very unlikely anyone but the major debt holders, i.e. banks and other corporations, are going to see a penny.
The problem with that is that the only source of money are the company execs, and to get money from them, you'd have to pierce the corporate shield. Generally speaking, one reason that corporations exist is that it prevents liabilities from getting transferred to anyone in the company. It might be possible if you can prove wrongdoing, but if this is purely a company running out of money, it might be difficult. Lying in emails is probably not sufficient, but if there was embezzlement, maybe. Paying himself first probably doesn't count either, it would have to be something like actually confiscating corporate funds for personal gain outside of what pay/perks he could normally claim.
If I recall, payroll is the first in line for any reimbursement from a bankruptcy. But I don't think that includes medical or other benefits, like PTO. I think creditors come next (like whoever got tagged for that loan that paid out part of the payroll), and finally, stockholders.
A company wide message saying “stop what you are doing and go home” is hilarious 😂 I would totally think it’s a joke 🤣
Went to HEB the other day and the Redbox was off. She does the grocery shopping so I don’t know if it was recent or not but we were both surprised there was one to begin with. I haven’t used one in years. I used to rent and copy the movies and return them the next day lol.
Sorry you got screwed. I kept seeing the kiosks. I don't even own a DVD player, just an external USB Drive for reading existing DVDs and CDs.
Most people don't own any dvd player anymore, that's why redbox is failing.
Exactly. I'm very surprised staff didn't see that dvd's were dead years ago. It would be like working in a company that made analog line telephones. How long will that last?
@@chem525 brother, my dad is still alive...
@samsonite2578 it's DVD not dad
@@chem525 phew. Thanks for editing. Scared me for a second.
Eye openning for me, i figured redbox consolidated like netflix and went online. i hope you guys get some sort of reconciliation
Always be prepared as though you could lose your job tomorrow.
I’m so sorry my friend. I really am. I love my job at the local gas station. I remember seeing a Redbox in the store next to us and it truly is sad to see things like this go but seeing a you all abused like that is much worse. An era ended with the abuse of people instead of a quiet sad goodbye.
Checked out your pottery shop! I love the pour over set-hopefully I can support you in the next month
You rock! 💎 Thank you for watching until the end. You can support us for free by watching our pottery content @swancityceramics on RUclips, we Livestream making pottery to show the entire process. Also, you can use code “Redbox” at checkout on our website or Etsy, for 25% Off. Thanks again Mallarie, very much appreciated
man im shocked yall didnt jump ship earlier it was obvious where redbox was going with everything being digital
When Red Lobster went under, they were auctioning the entire contents of restaurants as a lot. Some people paid as little as $5000. Too bad theres no use for red boxes except scrap metal.
Sell all those DVDs for like $4 each and get like $8,000
I'm glad I live in Sweden! Healthcare are payed thru tax, union is strong and if you pay a small fee you get up to 350 days payed thru the union, called Arbetslöshetskassa, "Unemployment agency". I know the struggle with low payouts due to an long time unemployment but still, i can survive.
Enjoy it while it lasts. Keep letting immigrants in and it will change there too.
I remember getting a box of jolly time blast o butter popcorn for 1.25 and getting a free Redbox code inside the box. Those were amazing movie nights
I remember RedBox that was supposedly “The Next Big Thing” then it kind of fizzled out, where I used to work there was one outside of CVS then a few months later it was gone (they never updated anything inside the Redbox machine)
The CEO sounds like my last boss (all of our checks bounced, missing checks, she owed employees lots of money no one saw a dime of it, she never paid any of the distributors who supplied our soft drinks and our last paychecks (after permanently closing) also bounced, I was the only who got it in cash (I told her I wanted to get paid but it must be in cash)
She filed for bankruptcy too and no one got anything
Wow, this is eye-opening! Thanks for sharing this. It's crazy to hear that they weren't paying employees and just shut down without a word. That's so messed up.
As a customer, I had no idea things were going so poorly. They should have at least let users know what was happening. Shady business practices like that leave a bad taste in everyone's mouth.
Man from someone who is struggling as well you get my like on this. I hate when companies they just think on the money and the capital when they have executives getting salaries that would at least save some employees lives per year. I wish people had decency like in Japan and the executives would volunteer to cut their salaries in behalf of the company.
You have a distorted perception of Japan based on a few outlier stories. The Japan CEO stories mirror the missing centenarians. Golden parachutes are a problem, but CEOs do matter, and when compensation is more greatly linked to success, and failure I don't see the problem. Redbox CEO wasn't making that much comparatively with over 1,000 employees his 10 million wouldn't go very far anyway. People who have only been employees don't know how little money millions are for a business.
RIP IWATA-San. Nintendo's good will passed away with him...
I didn't even realize they were in bankruptcy. Considering I haven't even thought of the brand for nearly a decade, they've probably made some mistakes. Sounds like there needs to be a lot of lawsuits from former employees to get reimbursed for the funds that the company stole from them.
I loved red box and it was convenient. Then the boxes started to disappear and I knew something was wrong. Luckily I still have my local library’s for free and Tubi on line.
You should have seen this coming. As soon as the funny business started you should have known where this was headed.
Woah this is weird, I was just going through my old pictures and was looking at a pic from 2013 that had a Redbox machine in the background and I thought I haven’t seen them lately and looked it up to see if they were around. I moved across the country and thought maybe they were a regional thing but after looking online I saw there was a couple nearby and figured I just never noticed them. Crazy to see like a week later I find this video
I noticed they started disappearing late last year. By June of this year only 2 of the over 2 dozen that were in my town were left. And the blockbuster one's disappeared like 9 years ago when blockbuster went belly up.
I was in a Walmart yesterday and the Redbox machine was in the entrance lobby.
It sucks, but when a company goes under, the CEOs get their golden parachutes, then the creditors get payed and there is almost NEVER any left over for the employees.
Nice job breaking this down. So many employees were loyal to this company just have to that loyalty used against them in end.
I just finished watching Bright Sun Files' video on Redbox, and I really enjoyed it. It was insightful to hear perspectives from both an executive and lower-level employees. While the executive provided valuable insights, hearing from the employees on the ground added depth and a different perspective to the story.
I live in Montana. If I were to go and rent all the movies and not return them, would it hurt an independent owner OR only the evil corporation? Hypothetically of course.
I assume you would be risking some creditor someday buying the debt and charging your card for the missing discs
@@EmeraldCityVideo
Use a _gift card_ .
Duh!!!!!!!!
I'm pretty sure most if not all of them are shut down by now.
@@grantorino2325 bingo
@@grantorino2325They stopped gift cards and pre paid cards from working years ago.
Pizza hut is heading that way also my friend, they are cutting our hours , I think it's that way with all corporations until they phase us out to a skeleton crew
No they arent. Pizza hut is fine.