Chicken Soup for the Soul Entertainment, Inc. - CSSE STOCK NEWS

Crackle Plus, part of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has launched its streaming services on Samsung devices. The Chicken Soup for the Soul and Popcornflix platforms offer a diverse range of content, from unscripted lifestyle shows to classic films, appealing to various audiences. With this expansion, Crackle Plus aims to increase its distribution, currently available on 70 platforms, with plans for over 90. This includes devices like Amazon FireTV and RokuTV, enhancing accessibility for millions of viewers.

Crackle Plus, a subsidiary of Chicken Soup for the Soul Entertainment (CSSE), announced new content releases for May 2022, featuring a mix of original programming and classic titles. Key highlights include new AVOD Originals like Blast and Senior Moment, and exclusive access to Sherlock seasons. Crackle is expanding its distribution to more than 90 platforms, currently available on 70. The company emphasizes free content access while enhancing its library with popular series and films, aiming for broader audience engagement.

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) has successfully closed a public offering of $10,400,000 in 9.5% Notes due 2025, trading under the symbol CSSEN. The company expects net proceeds of approximately $9,537,344, which will be allocated as outlined in the final prospectus. Interest on the notes will be paid quarterly starting June 30, 2022. The notes are redeemable after July 31, 2022, or upon a change of control. Ladenburg Thalmann & Co. and B. Riley Securities are the joint book-running managers for this offering.

On April 20, 2022, Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) disclosed a public offering of $10,400,000 in 9.5% Notes due 2025, with an option for underwriters to buy an additional $1,560,000. The offering is expected to close around April 22, 2022, and the net proceeds of approximately $9,537,344 will be utilized as detailed in the final prospectus. Interest payments are scheduled quarterly, starting June 30, 2022. The Notes will not be convertible into other securities and are structured to be redeemable after July 31, 2022, or upon a change of control.

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) announced a public offering of 9.5% Notes due 2025, rated BBB by Egan-Jones Ratings Company. The offering, under the symbol CSSEN, is being managed by Ladenburg Thalmann & Co. Inc. and B. Riley Securities Inc. This press release clarifies that it does not constitute an offer to sell or solicit securities in jurisdictions where it would be unlawful. The company operates various ad-supported and subscription-based streaming networks and also produces original video content.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) declared a monthly dividend of $0.2031 per share for May 2022 on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The payment date is set for May 15, 2022, with record holders as of April 31, 2022. The dividend will be made in cash, reflecting the company's commitment to providing returns to its shareholders amidst its operations in streaming video-on-demand networks.

Crackle Plus, a subsidiary of Chicken Soup for the Soul Entertainment (CSSE), has announced new content releases for April 2022. The platform, one of the largest operators of ad-supported video-on-demand networks, is expanding its distribution across over 90 touch points in the U.S. Notable releases include the limited series Les Norton and exclusives like Sherlock and We Are CVNT5. The upcoming month also features new titles across various genres, enhancing viewer choices with a mix of classics, originals, and BBC series.

Chicken Soup for the Soul Entertainment reported exceptional financial results for Q4 2021, with net revenue of $36.0 million, a 78% increase year-over-year, and record adjusted EBITDA of $9.3 million, up over 3x. However, the company faced a net loss of $22.4 million, widening from $16.7 million in Q3 2021. For the full year, net revenue reached $110.4 million, a 66% increase, while net losses totaled $59.4 million. The company significantly expanded its content library and strengthened its balance sheet, with $44.3 million in cash as of year-end 2021.

Chicken Soup for the Soul Entertainment's Crackle Plus streaming services have expanded to 70 distribution touchpoints and aim for over 90 by year-end 2022. Monthly active users surpassed 40 million in 2021. The services, including Crackle and Popcornflix, remain free, offering a mix of movies and TV series. Recent partnerships with platforms like FireTV and Xumo have enhanced accessibility. The focus is on increasing viewer engagement and advertiser reach through improved technology and more content offerings.