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 its January content lineup for Crackle, which includes both new originals and exclusive titles. The company is expanding distribution to up to 41 platforms, increasing from 60 touch points to over 80, including popular services like Amazon FireTV and RokuTV. New AVOD originals include The Uncommon History of Very Common Things premiering on January 1, and Men of West Hollywood on January 20. The lineup also features classic titles and reality shows aimed at a diverse audience.
Chicken Soup for the Soul Entertainment has increased its common stock repurchase program by $10 million, totaling $20 million. As of December 17, 2021, the company repurchased 675,365 shares for approximately $9.8 million. The board's decision reflects confidence in the company's growth strategy within the streaming industry. The firm aims to enhance shareholder value with this initiative, believing it will contribute positively to its position in the advertising-supported video-on-demand (AVOD) market.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced a regular monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, scheduled for payment on January 17, 2022, to shareholders on record as of December 31, 2021. The company is recognized for its operations in the streaming video-on-demand sector, owning platforms such as Crackle Plus and others. This dividend reflects the company’s focus on providing returns to its investors.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has acquired worldwide rights to the film Family Squares from Unbounded Media. The comedy, directed by Stephanie Laing, features a star-studded cast including Billy Magnussen and Judy Greer. The movie tells the story of a divided family coming together after the sudden death of their matriarch. It was shot remotely during quarantine, showcasing innovative virtual storytelling. The film is set for a domestic release in Q1 2022, promising an uplifting cinematic experience.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) reported the expansion of its Crackle Plus AVOD streaming services to 60 distribution touchpoints, surpassing internal goals. With plans to reach over 80 touchpoints in the next year, this initiative aims to enhance viewer access to its original and exclusive content. The services, including Crackle and Popcornflix, are designed to drive higher viewership and attract advertising partners. The CEO highlighted the importance of partnerships with digital platforms and cable providers for increasing audience reach.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced new content for its Crackle platform this December, highlighting both AVOD Originals and exclusives. New titles include the original series Outbreak premiering on December 15, along with acclaimed films such as The Great Debaters and Lion available from December 1. Crackle now expands its distribution across 41 platforms and is featured in approximately 500,000 Marriott hotel rooms. This growth underscores CSSE's commitment to enhancing viewer access to diverse entertainment.
Chicken Soup for the Soul Entertainment Inc. (CSSE) announced the premiere of its new Crackle Original Series, Outbreak, on December 1, 2021. This 10-part series focuses on a viral epidemic affecting a group of homeless individuals in Montreal, exploring themes of heroism, paranoia, and the human spirit. According to Jeff Meier, head of programming, this series is timely and will join the growing library of original content on Crackle. Outbreak is distributed in North America by Screen Media, a subsidiary of Chicken Soup for the Soul Entertainment.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a partnership with Gracenote on November 18, 2021. This collaboration aims to enhance content discoverability for Crackle, Popcornflix, and Chicken Soup for the Soul streaming services. By utilizing Gracenote's entertainment metadata and IDs, viewers will find it easier to search and engage with over 90,000 hours of content. The partnership is expected to improve visibility as Crackle Plus expands its distribution across various platforms, including Amazon FireTV and RokuTV.
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 December 15, 2021, to shareholders on record as of November 30, 2021. The company operates various ad-supported and subscription-based video-on-demand networks, including Crackle and Popcornflix, while also acquiring and producing original video content.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) is set to attend the Craig Hallum Alpha Select Conference on November 16, 2021, and the Ladenburg Thalmann Virtual Tech Expo on November 18, 2021. The company operates several streaming video-on-demand networks, including Crackle and Popcornflix, through its Crackle Plus subsidiary. It also produces and distributes video content, supporting its growth in the AVOD sector. Forward-looking statements in this release highlight potential risks that could affect performance, emphasizing the importance of managing growth and market acceptance.
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