Chicken Soup for the Soul Entertainment (CSSE) has filed for bankruptcy roughly two years after purchasing DVD rental company Redbox.

CSSE, the advertising-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it has accumulated nearly $1 billion in debt owed to more than 500 creditors including Walmart, Walgreens and Sony Pictures.

As of the end of March, the company had around $400 million in assets, according to the filing. When acquiring Redbox in 2022, CSSE took on $325 million in the DVD rental company's debt.

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CSSE is a subsidiary of Chicken Soup for the Soul, LLC., which publishes the famous book series. The company told FOX Business it has no comment beyond the court filing.

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CSSE's stock has plummeted nearly 90% over the past year, and was trading at around $0.12 on Monday following the news. 

The bankruptcy filing was dated two days after Deadline reported CSSE was nearly a week late in paying its employees, and workers' health care benefits had been suspended.

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The filing stated that Redbox currently has around 27,000 DVD rental kiosks at retailers across the U.S.