Wait, redbox was owned by the glurgy bathroom reader company?????????
You must log in to comment.
in reply to @pendell's post:
The fact that the crappy fiction version of "what if we did clickbait and gamification, but for happy stories" has succeeded for decades is actually funnier than their name, but that may be because I remember the book series by the same title being everywhere for many years...
i figure it's a "private equity ressurects brand with name recognition for the older middle class" scheme like so many others
in reply to @the-doomed-posts-of-muteKi's post:
The soul has required more succor than mere soup could provide for quite some time.
in reply to @catball's post:
Assumedly the thinking goes something like this:
- Many companies, especially in the media space, get fucked over by VC ghouls
- Some of these companies are basically functional, and by capitalising on brand recognition and economy of scale could be rescued
- Buying a bunch of these companies sight unseen, as a gambit, is a worthwhile gamble
It didn't work out, but I feel like it easily could've.
it appears that the plan was "sell the company to finance guys after one of your motivational speakers got divorced from the woman who ran licensing for the company for decades - the other motivational speaker having already left his wife and kids for a masseuse in the 1970s, as detailed by his son's noise band - as those finance guys proceeded to ~pivot~ while also being sued by the prior distributor"