In after-hours trading, already-battered shares of Chicken Soup took another drubbing, falling 18% to 88 cents.

They began the year trading at $5.26 and peaked above $41 in mid-2021.

The company entered 2023 with 1,329 total employees, according to an SEC filing.

WGA West building in Hollywood

The committee will pursue all transactions that check all the boxes in creating value for our shareholders.

This is clearly not reflected in our stock price.

The longer the strike continues, the more valuable the library becomes, Rouhana said.

A months-long continuation of both strikes, of course, would threaten the studio theatrical pipeline.

That grim scenario would pose a threat to Redbox and many other businesses that depend on Hollywood movie output.