Crackle and Popcornflix FAST Channels Launch on FuboTV

Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the launch of Crackle and Popcornflix FAST channels on FuboTV, expanding its content library for viewers in the U.S. This partnership allows access to popular titles including In the Vault and classic films like Godzilla: King of the Monsters. Crackle Plus continues to grow its distribution network, currently available on 85 platforms, with plans to expand to over 110. This initiative is expected to boost audience engagement and attract new advertising partnerships.

Positive

• Launch of Crackle and Popcornflix FAST channels on FuboTV enhances content distribution.
• Access to a vast library including popular originals and classic films may attract new viewers.
• Plans to expand to over 110 distribution platforms could increase market presence.

Negative

• None.

Crackle and Popcornflix Bring Thousands of New Movies, TV Shows, and Originals to FuboTV’s Growing Channel Lineup

NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) -- Crackle Plus, a Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) company and one of the largest operators of streaming advertising-supported video-on-demand (AVOD) streaming services, announced today the launch of Crackle and Popcornflix FAST channels on FuboTV’s platform in the United States.

FuboTV’s audience will gain access to the extensive Chicken Soup for the Soul Entertainment content library that entertains a global audience with original and exclusive programming including the current hit college thriller series In the Vault. Viewers will also gain access to action-packed shows from Popcornflix such as the feature films Godzilla: King of the Monsters (1956) and Jackie Chan’s Little Big Soldier as well as the two-part limited series Jules Verne’s Mysterious Island.

“We are so excited to bring our constantly expanding content offering to FuboTV viewers,” said president of Crackle Plus, Philippe Guelton. “Our advertising and marketing partners will now access new audiences through the launch of the Crackle and Popcornflix FAST channels on FuboTV.”

Crackle Plus’ recent releases include the popular sketch comedy series Funny Girls, the hit college thriller series In the Vault, the exclusive scripted series Les Norton, which stars Alexander Bertram and Rebel Wilson, Inside the Black Box, hosted by Joe Morton, and the award-winning BBC series Sherlock, starring Benedict Cumberbatch and Martin Freeman. They also recently announced season three of the award-winning series Going From Broke.

The Crackle Plus streaming services are currently distributed through 85 touchpoints in the U.S. on platforms including Amazon Fire TV, RokuTV, Apple TV, Smart TVs (Samsung, LG, Vizio), gaming consoles (PS4 and Xbox One), Plex, iOS and Android mobile devices and on desktops at Crackle.com, with previously announced plans to expand to over 110 touchpoints.

ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) (the “Company”) operates video-on-demand (VOD) streaming services. The Company owns Crackle Plus, which owns and operates a variety of ad- supported VOD streaming services including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The Company also acquires and distributes video content through its Screen Media and 1091 Pictures subsidiaries and produces original video content through the Chicken Soup for the Soul Television Group. 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, 2021, filed with the SEC on March 31, 2022, and the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 11, 2022. On May 10, 2022, the Company entered into a merger agreement to acquire Redbox Entertainment, Inc. We refer you to the presentation filed as Exhibit 99.2 under cover of a Current Report on Form 8-K filed by the Company with the SEC on May 22, 2022 for information regarding the proposed business acquisition transaction. If the proposed business acquisition is consummated, in addition to the risks noted above, we also face the risks detailed in Redbox’s Annual Report on Form 10-K for the year ended December 31, 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 are the new channels launched by Chicken Soup for the Soul Entertainment on FuboTV?

Crackle and Popcornflix FAST channels have been launched on FuboTV.

What movies and shows are included in the Crackle and Popcornflix FAST channels?

Shows include In the Vault, Godzilla: King of the Monsters, and Little Big Soldier.

How many platforms does Crackle Plus currently distribute its services on?

Crackle Plus services are currently available on 85 platforms in the U.S.

What is the market impact of Crackle Plus's launch on FuboTV for investors?

The launch could increase audience engagement and attract new advertising partners, potentially benefiting investors.

Is there any financial risk related to the new launch on FuboTV?

While no specific financial risks were mentioned, general market conditions and demand for services could impact performance.