Chicken Soup for the Soul Entertainment Appoints New Director, Vikram Somaya
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has appointed Vikram Somaya to its board of directors as of October 7, 2021. Somaya, currently the Chief Data and Analytics Officer at PepsiCo, brings extensive expertise in data analytics, consumer behavior, and digital media. His previous roles include leadership positions at Nielsen, ESPN, The Weather Company, and Thomson Reuters. The company anticipates that Somaya's insights will enhance its competitive advantage within the AVOD sector.
- Appointment of Vikram Somaya expected to strengthen data-driven strategies.
- Somaya brings extensive experience from leading consumer companies.
- Concerns about continuity and experience gaps in board management.
Mr. Somaya Brings Extensive Data Analytics Expertise to Board
COS COB, Conn., Oct. 07, 2021 (GLOBE NEWSWIRE) -- Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced today the appointment of Vikram Somaya to the Company’s board of directors, effective October 07, 2021.
Mr. Somaya currently serves as Chief Data and Analytics Officer at PepsiCo. and brings to Chicken Soup for the Soul Entertainment’s board an extensive knowledge of new technologies, digital media, data analytics, corporate strategies, consumer behaviors, distribution and new advertising platforms. Prior to joining PepsiCo in 2019, Mr. Somaya served in various leadership roles at data-driven organizations. Previously, Mr. Somaya served as EVP, Chief Data Officer at Nielson; SVP, Global Data Officer and Ad Platforms at ESPN; General Manager of AdFX and Analytics at The Weather Company; and the VP of Global Operations and Audience at Thomson Reuters.
“Vikram brings strong data expertise at leading consumer companies to our board,” said William J. Rouhana Jr., chairman and Chief Executive Officer of Chicken Soup for the Soul Entertainment. “We are looking forward to his valuable insights on how to utilize data to create a competitive advantage for our AVOD networks as we continue to grow our streaming business.”
“I am honored to join the board and look forward to engaging with my fellow board members and the organization at large,” said Mr. Somaya. “I both admire and respect the mission of the company and look forward to helping drive its ongoing success in the data-driven streaming ecosystem.”
ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand networks (VOD). The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The company also acquires and distributes video content through its Screen Media subsidiary and produces original long and short-form content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super-premium pet food under the Chicken Soup for the Soul brand name.
FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Such assumptions involve a number of known and unknown risks and uncertainties, including but not limited to our core strategy, operating income and margin, seasonality, liquidity, including cash flows from operations, available funds, and access to financing sources, free cash flows, revenues, net income, profitability, stock price volatility, future regulatory changes, price changes, the ability of the Company’s content offerings to achieve market acceptance, the Company’s success in retaining or recruiting officers, key employees, or directors, the ability to protect intellectual property, the ability to complete strategic acquisitions, the ability to manage growth and integrate acquired operations, the ability to pay dividends, regulatory or operational risks, and general market conditions impacting demand for the Company’s services. For a more complete description of these and other risks and uncertainties, please refer the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 31, 2021, and for further information regarding our recent acquisition of the Sonar library and related assets, please see our Current Reports on Form 8-K, as amended, filed with the SEC on May 27, 2021 and July 1, 2021. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
INVESTOR RELATIONS
Taylor Krafchik
Ellipsis
csse@ellipsisir.com
(646) 776-0886
MEDIA CONTACT
Kate Barrette
RooneyPartners LLC
kbarrette@rooneypartners.com
(212) 223-0561
FAQ
What is the significance of Vikram Somaya's appointment to CSSE?
When was Vikram Somaya appointed to the board of Chicken Soup for the Soul Entertainment?
What roles did Vikram Somaya hold before joining CSSE?
How might Somaya's expertise affect Chicken Soup for the Soul Entertainment's business?
