📰 New article from TorrentFreak
Bankruptcy Court Clears Path for $100 Million Sale of Redbox’s Piracy Lawsuit Rights
Redbox’s Piracy Lawsuit Rights Could Fetch $100M—If the Supreme Court Doesn’t Shatter the Plan
When Redbox shuttered in 2024 after years of losses, few imagined its most valuable (and bizarre) asset would be the right to sue people for pirating movies. But that’s exactly what a bankruptcy court just cleared the way for—via a potential $100 million deal with private equity firm Grove Street Partners.
Here’s the twist: Grove Street isn’t buying Redbox’s DVDs or streaming tech. It’s buying litigation rights—the ability to sue ISPs like Cox Communications for allegedly turning a blind eye to piracy by their subscribers. If successful, those suits could bring in hundreds of millions more.
But there’s a major caveat: a pending Supreme Court case (Cox v. Sony) could make or break this entire strategy. The outcome will determine how liable ISPs can be held for their users’ piracy—a question that’s already cost Cox a $1 billion verdict (later appealed). The Court heard arguments in December 2025, with a ruling expected this year.
Meanwhile, the money’s not all flowing to creditors yet. Under the approved bankruptcy deal, lenders like HPS Investment get 80–85% of early returns—while unions and other claimants wait in line. And Grove Street still hasn’t signed the final purchase agreement… though its CEO just told another court that a payoff to a former CFO ($525K judgment) is “imminent,” thanks to this deal.
In short: a high-stakes poker game where the cards are copyright law, ISP liability—and maybe even Hollywood’s future enforcement strategy. 🎲🎬