Welcome to our dedicated page for Chicken Soup for the Soul Entertainment news (Ticker: CSSE), a resource for investors and traders seeking the latest updates and insights on Chicken Soup for the Soul Entertainment stock.
Chicken Soup for the Soul Entertainment, Inc. (CSSE) is dedicated to sharing stories that highlight the best of the human spirit through a variety of entertaining video formats. As a forward-thinking media company, CSSE focuses on expanding its content offerings and distribution to emerging platforms, aiming to inspire and uplift its audience.
The company is a prominent provider of premium content to value-conscious consumers. It stands as one of the largest ad-supported video-on-demand (AVOD) companies in the United States, operating three flagship services: Redbox, Crackle, and Chicken Soup for the Soul. Additionally, CSSE operates Redbox Free Live TV, a free ad-supported streaming television service (FAST) featuring nearly 180 channels, and offers a transaction video on demand (TVOD) service.
CSSE also boasts a robust physical presence with a network of approximately 29,000 kiosks across the US, providing DVD rental services. Committed to delivering original and exclusive content, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries.
In recent developments, CSSE continues to enhance its content library and distribution channels, ensuring a diverse range of uplifting, positive stories reach a broad audience. The company's financial health remains solid, supported by strategic partnerships and continuous innovation in content delivery.
Chicken Soup for the Soul Entertainment announced that the Crackle Plus streaming service app is now available on VIZIO, providing thousands of hours of free content, including exclusive programming. This launch features original series like Smart Home Nation and numerous films, enhancing the service's appeal. With plans to expand distribution to over 80 touch points across various platforms, the company aims to reach a broader audience while delivering inspiring and uplifting content, aligning with its mission to entertain viewers of all ages.
Chicken Soup for the Soul Entertainment (CSSE) has announced a multi-year content agreement with BBC Studios, bringing over 2,500 hours of high-quality programming to its Crackle Plus streaming platforms. This deal includes exclusive U.S. premieres like A Life in Ten Pictures and access to series such as the celebrated Ripper Street and Happy Valley. Starting in April, viewers will find over 300 hours of available content for free. The partnership aims to enhance Crackle Plus's content catalog and attract a larger audience.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has secured exclusive rights to stream the acclaimed mystery series Sherlock on its Crackle Plus platform starting April 1, 2022. This deal with BBC Studios allows Crackle to feature the series, which has garnered multiple awards since its debut in 2010, including Emmys and BAFTAs. CEO William J. Rouhana Jr. emphasized the company's commitment to providing high-quality content, while audiences are anticipated to respond positively to this addition, given the show's lasting popularity.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on April 15, 2022 to shareholders on record as of March 31, 2022.
The company operates various AVOD networks and produces original content, enhancing its market position in the streaming industry.
Chicken Soup for the Soul Entertainment has unveiled its 2022 content slate through its premium scripted television division, Halcyon Studios. The company aims to produce five new drama series and films targeting both U.S. and international audiences. Among the projects are adaptations of Dinotopia and The Old Man and the Sea, along with original content from notable creators. CEO David Ellender expressed confidence in their lineup's potential, stating it reflects their mission to create impactful storytelling.
On March 17, 2022, Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a conference call to discuss its fourth quarter and annual results for the year ending December 31, 2021. The call is scheduled for March 31, 2022, at 4:30 p.m. ET. Interested parties can participate by dialing the toll-free number (833) 832-5128 or accessing the live webcast at http://ir.cssentertainment.com/. The event will provide insights into the company's performance and future outlook in the streaming advertising-supported video-on-demand sector.
Chicken Soup for the Soul Entertainment, Inc. (CSSE) has successfully completed its acquisition of 1091 Media, LLC's distribution business, 1091 Pictures. The transaction involved a total consideration of approximately $15.6 million, which was paid in cash, Series A perpetual preferred stock, and Class A common stock. This acquisition aims to enhance the company's distribution capabilities within the streaming advertising-supported video-on-demand (AVOD) market.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) announced a distribution agreement with Strong Studios for original films and series, including Safehaven and Flagrant. Both series have been greenlit for production in 2022 and will premiere on Crackle Plus platforms. The company aims to strengthen its pipeline of content under the leadership of David Ozer. This collaboration reflects a strategic move in expanding content offerings for the company, enhancing its position in the streaming market.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) launched a major update for its Crackle streaming platform on Samsung TVs. The new user experience features faster load times, improved content organization, and seamless playback, enhancing user engagement. This upgrade aims to reduce scrolling fatigue, with promises of ongoing enhancements. Crackle Plus, offering free streaming of movies and TV shows, is available on multiple platforms, with plans to expand its distribution network from 60 to over 80 touch points, reinforcing its strategy to boost viewership.
Chicken Soup for the Soul Entertainment has signed a definitive agreement to acquire 1091 Pictures for approximately $15.6 million. This acquisition will nearly double the company's content catalogue, adding around 4,000 movies and TV series, with over 350 new titles expected in 2022. The deal also includes established FAST and AVOD channels, generating about 1 billion yearly ad impressions. The acquisition is projected to yield over $10 million in revenue and $3 million in incremental EBITDA within the next 12 months, enhancing the company’s position in the AVOD streaming market.
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