Redbox's next product may be piracy lawsuits

"A little-known company wants to spend $100 million to go after internet providers that allegedly ignored DMCA notices. There's a new twist in the long and winding saga of Redbox's demise: Assets originally belonging to the company's corporate parent, Chicken Soup for the Soul Entertainment, may have finally found a buyer. But don't expect a resurrection of Redbox's red kiosks, or Chicken Soup's Crackle streaming service, any time soon."

"According to a late Wednesday court filing, a company called Grove Street Partners has offered $100 million for so-called "IP Litigation Assets" owned by Chicken Soup for the Soul Entertainment and its subsidiaries. Chicken Soup for the Soul Entertainment owned the rights to hundreds of movies, mostly through its subsidiary Screen Media Films. "The IP Litigation Assets consist of the Estates' rights to pursue litigation for copyright infringement against various third parties related to, among other claims, violations of the Digital Millenium Copyright Act ("DMCA") for media titles owned or controlled by the Estates," the filing says. The exact content of those assets wasn't disclosed."

Grove Street Partners offered $100 million for so-called "IP Litigation Assets" owned by Chicken Soup for the Soul Entertainment and its subsidiaries. The assets relate to rights to hundreds of movies, largely held through the Screen Media Films subsidiary. The IP Litigation Assets consist of the Estates' rights to pursue litigation for copyright infringement against various third parties, including claims under the Digital Millenium Copyright Act (DMCA) for media titles owned or controlled by the Estates. The exact contents of the assets were not disclosed. The offer is tied to assets originally associated with Redbox's corporate parent.

Read at The Verge