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 on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on September 15, 2021, to shareholders on record as of August 31, 2021. This reflects the company's ongoing commitment to shareholder returns, affirming its stability in the AVOD market with a variety of streaming services, including Crackle and Popcornflix.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) announced the launch of a new animated series titled The Uncommon History of Very Common Things, premiering on Crackle on August 19, 2021. The series, which consists of 10 half-hour episodes, explores the surprising histories of everyday items. Produced in collaboration with Breakthrough Entertainment, the series aims to entertain and inform audiences, with the first half of episodes released on the premiere date and the second half on December 1, 2021.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has launched a revamped Popcornflix app on Aug. 17, 2021, enhancing user experience with updated branding and a modern tech platform. The app now offers diverse programming, featuring genres like action, sci-fi, and horror, along with classic films and original content. Improved server-side ad insertion and playback performance enable better content organization and user navigation. The Crackle Plus networks plan to expand to over 64 platforms, including major smart TV brands and gaming consoles.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) recently announced that its original series Going From Broke has surpassed 5 million views since its season 2 launch on May 20, 2021. Hosted by Dan Rosensweig and Tonya Rapley, the series addresses the issue of student loan debt affecting over 44 million Americans. The Crackle Plus network plans to expand its distribution from 50 to 64 platforms, including major devices like Amazon FireTV and RokuTV. This expansion aims to increase accessibility and viewership of their content.
Chicken Soup for the Soul Entertainment, Inc. reported Q2 2021 net revenue growth of 64% year-over-year to $22.1 million, despite a net loss of $11.1 million. The company achieved an Adjusted EBITDA of $3.2 million, a 19% increase from the previous year. Driving this growth was enhanced ad sales and licensing. The company also announced an anticipated 130% increase in upfront orders from advertisers, closed the acquisition of Sonar Entertainment assets, and expanded its streaming partnerships, setting a strong foundation for future growth.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has signed a significant VOD agreement with Keshet Broadcasting, Israel's top broadcaster. This partnership marks the company's first international VOD venture, where it will provide a wide array of on-demand content outside Israel. The new AVOD/SVOD service is set to launch in 2022, leveraging Chicken Soup's extensive content library and technical expertise. CEO William J. Rouhana Jr. expressed optimism about expanding internationally, citing Keshet's strong market presence and proficient sales force as key assets.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announces that its miniseries The Temptations has become the #1 program on Crackle within just two weeks of its launch. The series, released in late July 2021, celebrates the 60th anniversary of the iconic Motown group. This success highlights the potential of the recently acquired Sonar library, comprising over 1,000 titles. William J. Rouhana Jr., CEO, expressed confidence in the library's ability to boost viewership and engagement on Crackle's ad-supported platform, which is distributed widely across various devices.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will participate in the Canaccord Genuity 41st Annual Growth Virtual Conference on August 12, 2021. CEO Bill Rouhana is scheduled for virtual meetings and a fireside chat at 1:30 PM ET. Both a live webcast and replay will be accessible on the company's investor relations website. CSSE operates various AVOD networks, including Crackle Plus and Popcornflix, and produces original content through multiple subsidiaries. Forward-looking statements in the release caution against risks that may affect performance.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) will host a conference call on August 11, 2021, at 4:30 p.m. ET, to discuss its second quarter results ending June 30, 2021. Participants can join the call by dialing (833) 832-5128 (toll-free) or (484) 747-6583 (international). A live webcast is also available at ir.cssentertainment.com.
Conference call replay will be available via (855) 859-2056 (toll-free) and (404) 537-3406 (international).
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that its Screen Media subsidiary has acquired all North American rights to the action thriller One Shot, directed by James Nunn. Starring Scott Adkins, Ashley Greene, and Ryan Phillippe, the film, filmed in a single continuous take, features Navy SEALs trapped during a CIA mission. Set for a late fall release, the acquisition aligns with Screen Media's strategy to enhance its content portfolio in the streaming market. This strategic move is anticipated to boost audience engagement and revenue potential.
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