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 (Nasdaq: CSSE) announced new content releases for its streaming services Crackle, Popcornflix, and Chicken Soup for the Soul on March 1, 2022, expanding distribution to over 80 touch points across platforms like Amazon FireTV, RokuTV, and gaming consoles. Notable new titles include The Wall, The Suspect, and several classic films and series. Crackle's availability in approximately 500,000 Marriott hotel rooms underscores its growing reach in the AVOD market.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has approved a $10 million increase to its common stock repurchase plan, bringing the total repurchases since November 2021 to approximately $20 million for 1,520,168 shares. The company aims to continue opportunistically buying back shares as part of its strategic execution in the growing streaming industry. CFO Chris Mitchell expressed confidence in the company’s future performance due to its robust content library and enhanced technology, aiming to scale the business effectively.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced a regular monthly dividend of $0.2031 per share of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend is set to be paid on March 15, 2022 to shareholders on record as of February 28, 2022. The company operates streaming video-on-demand networks and includes Crackle Plus among its assets. This financial commitment reflects the company’s strategy and ongoing confidence in its operational model.
Chicken Soup for the Soul Entertainment announces the upcoming launch of its free ad-supported streaming service, featuring thousands of hours of family-friendly content from Kin Community, Reel One, Chicken Soup for the Soul Originals, and the Sonar Library. The service aims to provide exclusive programming, including original series like Comfort Kitchen hosted by Tia Mowry and monthly original movies from Reel One. With a strategy to expand its distribution across various platforms, the Company seeks to engage a wide audience while enhancing its AVOD offerings.
Chicken Soup for the Soul Entertainment (CSSE) has announced that Screen Media acquired all North American rights to the crime thriller 9 Bullets. The film, starring Lena Headey and Sam Worthington, tells the story of a showgirl who saves a boy from a crime boss after his family is murdered. The release is planned for April. This acquisition highlights Screen Media’s commitment to indie filmmaking and its previous success with titles like Best Sellers. The film is produced by an experienced team and promotes themes of second chances.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced its February content lineup for Crackle and other streaming services.
The offerings include iconic films like Spider-Man series and original programming. Crackle Plus streaming services are expanding to 80 distribution platforms, including major smart TVs and gaming consoles. New exclusive titles and thematic channels like Musical Legends and Web Spinners will enrich the viewer experience, aiming to boost audience engagement.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a multi-year partnership between Crackle Plus and Publicis Media’s APX Content Ventures to produce long-form content. The first show, 'Inside The Black Box,' featuring Joe Morton and Tracey Moore, will debut on Crackle in February 2022. The program aims to spotlight diverse voices and engage brands like The General® Insurance through various integration strategies, enhancing viewer experience. The Crackle service is available on 60+ platforms and plans expansion to over 80.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that all three Spider-Man films will be available exclusively for free on Crackle starting February 1st. The films, starring Tobey Maguire, will be featured under a curated category named “Web Spinners and Creepy Creatures.” The release coincides with the theatrical debut of Spider-Man: No Way Home. Crackle aims to attract viewers by providing access to this iconic trilogy as part of its streaming service expansion, which is distributed across 60+ platforms and also available in select hotels.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced its regular monthly dividend of $0.2031 per share on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on February 15, 2022 to shareholders of record as of January 31, 2022. The company operates AVOD networks including Crackle Plus and produces original content through its Chicken Soup for the Soul Television Group.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will participate in the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 12:30 PM ET. Management will hold one-on-one and group meetings, featuring a fireside chat hosted by CEO William J. Rouhana Jr. The company operates various streaming video-on-demand networks, including Crackle Plus and Chicken Soup for the Soul. They also produce original content through the Chicken Soup for the Soul Television Group, showcasing their commitment to expanding in the AVOD market.
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