Redbox’s next product may be piracy lawsuits

There is a new development in the long and winding epic of Redbox: The origins that originally belong to the parents of the company, and the chicken soup may be Soul, has finally found a buyer. But do not expect the redbox stalls, or the chicken soup flow service, any time soon.

According to the court’s report late on Wednesday, a company called GROVE Street Partners submitted $ 100 million for the so -called “IP Assets in IP” owned by chicken soup for Soul Entertainment and its branches. Chicken soup for Soul Entertainment has the rights of hundreds of films, most of which are through sub -screen films. “The origins of litigation in IP consist of” real estate “rights in following up the litigation of the violation of copyright against various third parties related to, among other claims, violations of the law of copyright for the digital millennium games (” DMCA “) of the owned or controlled media titles. The exact content of these assets has not been detected.

Grow Street Partners is in fact the previous name of Grow Street, and the CEO of Tom Murphy has told me. Grow Street financing IP assists in financing and managing copyright -violating cases, especially focusing on DMCA vownce. In broad strokes, the company not only follows individuals who share movies online, but actually uses DMCA notifications as a amusement to continue ISPS that it is claimed not to do enough to prevent their customers from violating.

Murphy has determined this tactic on the stadium platform 2021 of some kind for American films, a company that has taken a similar approach in piracy claims: “Internet service providers (ISP) are now being subjected to payment of responsibility that has been created by hackers in the film by sharing illegal goods files.

Grove Street needs to pay $ 100 million to treatment in five annual installments, according to legal deposit. “We have lined up litigation to help us deal with legal fees, digital evidence showing piracy, DMCA notices, and annual payments due to the guardian,” Murphy told me without putting more on how to fund this company.

There was an increasing number of lawsuits against Internet service providers, as rights holders claim that these companies do not do enough to separate file participants. An example of this is a lawsuit against the music industry against Cox, which led to a billion dollar ruling against the Internet service provider in 2019. This ruling was canceled last year by an appeals court, as both sides now issued their case before the Supreme Court.

Not all of these lawsuits against Internet service providers do not end until they are profitable for rights holders. Chicken soup for Soul Entertainment Screenment Media Ventures has already tracked a number of Internet service providers with similar demands. Some of these cases are still daring years after their presentation. At least one suit was withdrawn, filed against the Astoud Broadband, in -2023, as the Astoud Jeff Kramp general adviser boasted at the time that “the company did not pay” a year to solve this issue. “

Meanwhile, the bankruptcy case in Redbox and Redbox for Soul Entertainment, as well as lawsuits against the company’s leadership by former and guardian employees who runs the bankruptcy case. These lawsuits have sparked serious accusations of the mismanagement of companies against the chicken soup of former CEOs at Soul Entertainment, which these executive managers have denied.