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 Inc. (Nasdaq: CSSE, CSSEP, CSSEN) announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on October 15, 2021 to holders of record by September 30, 2021. The payment will be made in cash, reflecting the company’s commitment to returning value to its shareholders. The company operates various streaming video-on-demand networks, including Crackle Plus, and distributes content through its Screen Media subsidiary.
On September 13, 2021, Crackle Plus, a subsidiary of Chicken Soup for the Soul Entertainment (CSSE), launched an enhanced Popcornflix app powered by SeaChange International (SEAC). The new app features an updated user interface and improved streaming capabilities, offering free content across various genres.
Key enhancements include advanced advertising technology and improved search functionalities. This partnership aims to provide a superior user experience and pave the way for potential international expansion of Popcornflix services.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that the Emmy-nominated series Taboo will premiere exclusively on Crackle on September 15, 2021. This series, featuring Tom Hardy, is part of the company's strategy to integrate content from the acquired Sonar library, following the successful debut of The Temptations. Philippe Guelton, President of Crackle Plus, noted the impressive viewer engagement with Sonar content. The addition of Taboo enhances Crackle's offerings alongside other original titles and aims to expand its reach across various platforms.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) is set to participate in the D.A. Davidson 20th Annual Software and Internet Conference on September 9, 2021. CEO Bill Rouhana will engage in virtual one-on-one meetings and will be featured in a fireside chat at 11:30 AM ET. Investors can access a live webcast and replay of the chat on their investor relations website. The company, known for its AVOD networks, operates multiple platforms such as Crackle Plus and Popcornflix, producing a variety of content and acquiring video assets through its subsidiaries.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the acquisition of the documentary Vince Carter: Legacy, set to premiere on Crackle Plus in October. This film features exclusive content about NBA star Vince Carter's final season and his impactful career, including interviews with other NBA legends. The partnership with the NBA Players Association provides meaningful storytelling beyond the court. Directed by Justin Polk, the documentary is expected to enhance Crackle's basketball-themed content lineup.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced new content for its streaming platform Crackle, including exclusive features and series. The company will roll out to 41 distribution platforms, expanding from 50 to over 64, including major devices like Amazon FireTV and RokuTV. Notable releases include 'The Machine' and 'The Jesus Rolls' debuting on September 1, followed by 'Taboo' on September 15. The new channels for September will highlight women's contributions in entertainment and adaptations from books to screen, further enhancing their diverse content offering.
Chicken Soup for the Soul Entertainment Inc. (CSSE) announced the exclusive release of the comedy The Jesus Rolls on its Crackle platform starting September 1, 2021. Written and directed by John Turturro, the film features a star-studded cast including Bobby Cannavale and Jon Hamm. This spin-off of the Coen Brothers’ The Big Lebowski promises a cheeky comedy experience tailored to Crackle's audience. The venture is part of Crackle's strategy to enhance its content offering amidst increasing competition in the ad-supported video-on-demand sector.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has launched a major upgrade to its Crackle platform on Vizio, enhancing user experience with faster load times, better content organization, and more seamless playback. The improvements aim to help users discover films and shows more effectively. Recently, Crackle Plus also introduced three new linear channels on Vizio. The company, known for its ad-supported streaming services, is expanding its distribution network significantly.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) announced the acquisition of the award-winning sports documentary The Green Wave, set to premiere exclusively on Crackle Plus. Directed by Emmy winner Guido Verweyen, the film chronicles the inspiring comeback of the Summerville High School basketball team following the tragic loss of their coach, Louis Mulkey. This acquisition aligns with Screen Media's commitment to showcase true-to-life inspirational stories, enhancing its content offering in the streaming market.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the commencement of production for its original series, Inside the Black Box, set to debut in Q1 2022 on Crackle. The series, featuring actors Tracey Moore and Joe Morton, will highlight BIPOC artists discussing their success journeys in the entertainment industry. Produced in collaboration with APX Content Ventures, the show aims to redefine sponsorship and advertising in content creation. The strategic partnership underlines the commitment to diversity and community engagement.
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