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 the premiere of its original holiday film, A Great North Christmas, on Crackle on November 18, 2021. The film features Caroline North, a successful attorney who embarks on a surprise Christmas vacation. This film adds to Crackle's lineup of holiday programming, which includes several family-friendly films and shows.
Crackle Plus is set to expand its distribution to over 64 platforms including Amazon FireTV and RokuTV, reaching more viewers across the U.S.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) reported strong Q3 2021 results with net revenue of $29.1 million, up 50% year-over-year. Adjusted EBITDA reached $4.9 million, indicating robust operational performance. However, the company faced a net loss of $16.7 million, a slight increase from previous quarters. A new stock repurchase authorization of $10 million was also approved. The company launched its Chicken Soup for the Soul streaming service, expanded its content offerings, and made strides in international growth, including acquiring a stake in Locomotive Global Inc.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) has appointed Michael Jay Solomon as Senior Advisor. Solomon, a veteran in the television industry, will support various business functions including program library acquisitions and co-production financing to enhance the Company's AVOD rollout. He has a storied history in media, having been a major distributor of American television content for 40 years. CEO William J. Rouhana Jr. praised Solomon's extensive experience and relationships in the global television business.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has launched its new free ad-supported streaming service, featuring a wide variety of content targeting primarily female viewers. Available on platforms like Plex, FreeCast, and Redbox, the service will expand further with LG Channels and others in December. The service offers thousands of hours of lifestyle content, TV shows, and movies, along with award-winning originals from networks such as TLC, CBS, and Netflix. This move aims to attract and engage a significant audience in the growing AVOD market.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) has established the Chicken Soup for the Soul Television Group, led by former Fremantle CEO David Ellender, to enhance domestic and international growth. This group encompasses four production labels: Halcyon Studios, Landmark Studio Group, Locomotive Global, and Chicken Soup for the Soul Studios. The initiative aims to expand content development, increase IP rights ownership, launch additional networks, and boost international production and distribution.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of worldwide rights to the thriller Fast Charlie, featuring Pierce Brosnan and directed by Phillip Noyce. The film, which revolves around a hitman avenging his friend, is set to begin production in January. Produced by Screen Media, the project is anticipated to attract significant global audience interest. The screenplay, inspired by Victor Gischler's novel Gun Monkeys, is penned by Richard Wenk, known for his work in The Equalizer.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will host a conference call on November 8, 2021, at 4:30 p.m. ET to discuss its Q3 results for the period ending September 30, 2021.
Participants can join by calling toll-free at (833) 832-5128 or internationally at (484) 747-6583. A live webcast will be accessible at ir.cssentertainment.com.
For replay, call toll-free (855) 859-2056 or internationally (404) 537-3406, using Reference ID: 4036566.
Chicken Soup for the Soul Entertainment (CSSE) has announced new content for its streaming service, Crackle, set to release in November. The network plans to expand its distribution to over 64 platforms, including popular devices like Amazon FireTV and Roku. Key new releases include original film A Great North Christmas and exclusive titles USS Indianapolis: Men of Courage and Lucky Number Slevin, alongside themed channels such as The Island of Lost TV and Christmas Countdown. This strategic expansion highlights its growing footprint in the AVOD sector.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the premiere of Hollywood Bulldogs on Popcornflix on November 1, 2021. This original documentary sheds light on British stunt performers who shaped Hollywood in the 1970s and 80s, contributing to iconic films like Indiana Jones and Star Wars. The documentary's director, Jon Spira, emphasizes its unique storytelling. Popcornflix aims to expand its catalog with more action content, catering to fans of classic and exclusive films.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) has relaunched its Popcornflix streaming platform, enhancing user experience and increasing viewer engagement by approximately 50% since September. The updated platform features improved branding, app functionalities, server-side ad insertion, and playback performance. Popcornflix now offers a wide variety of action films and TV shows across multiple platforms, including Apple TV, Fire TV, Roku, and mobile devices. The service provides viewers with exclusive content not available for free on other platforms.
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