Bankruptcy Court Clears Path for $100 Million Sale of Redbox’s Piracy Lawsuit Rights

A Delaware bankruptcy court approved the legal framework for a $100 million+ sale of Redbox' piracy litigation rights. While a final deal is still being negotiated, the intended buyer of these rights plans to use them to sue Internet providers for failing to disconnect accounts of alleged BitTorrent pirates. Whether this strategy will pay off is highly dependent on a pending Supreme Court decision.