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. (CSSE) announced a public offering of 1,875,000 shares of common stock at $40.00 each, aiming to raise $75 million before expenses. The offering is expected to close on July 7, 2021, subject to normal conditions. Additionally, underwriters may purchase up to 281,250 shares within 30 days of the offering. The funds will be utilized for working capital and other corporate purposes. Guggenheim Securities and Needham & Company are leading the offering, which is registered under a previously filed SEC statement.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced plans for an underwritten public offering of its common stock. The offering will be conducted solely by the Company, with market conditions determining the size and terms. There is a provision granting underwriters a 30-day option to purchase an additional 15% of shares. Proceeds will be allocated for working capital and corporate purposes. Guggenheim Securities and Needham & Company are the joint book-running managers. The offering is under an effective shelf registration statement with the SEC.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) is launching the Crackle app on Cox Communications’ Contour TV set-top boxes and Contour Stream Player, enhancing access to its extensive library of films, classic TV series, and original programming. Crackle's content, available to all Cox TV customers, aims to offer engaging entertainment through a monthly fresh content update. The company plans to expand its AVOD networks on up to 64 platforms, including major streaming services and hotel chains, increasing its distribution footprint significantly.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced a partnership with FreeCast to launch several linear channels, including Crackle Spotlight, Crackle Classics, Popcornflix, and Truli. The collaboration will offer ad-supported content through FreeCast’s SelectTV service, enhancing audience access to Crackle's library of films and original programming.
The integration promotes Crackle’s extensive catalog, catering to diverse viewer preferences and expanding its reach across various platforms, including smart TVs and mobile devices.
Chicken Soup for the Soul Entertainment Inc. (CSSE) announced a partnership to launch a Crackle-branded app on TCL devices, enhancing access to its extensive library of films and TV shows. The app will feature popular titles and original programming, broadening Crackle's reach to TCL's audience. Crackle Plus, which operates various ad-supported and subscription-based VOD networks, holds AVOD rights to over 11,000 films and 22,000 episodes. This collaboration aims to boost advertiser engagement and expand the viewer base.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced its monthly dividend payment of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on July 15, 2021. Shareholders of record as of June 30, 2021 will receive the cash dividend. The company operates various advertising-supported video-on-demand networks, highlighting its commitment to providing returns to shareholders while focusing on expanding its streaming portfolio.
Redbox has partnered with Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) to introduce the Popcornflix Channel to its Free Live TV service, launching later this month. The channel will feature popular titles like Robert the Bruce and The Poseidon Adventure, joining nearly 100 channels available on Redbox's platform. This collaboration aims to enhance Redbox's offering, leveraging its extensive kiosk network and digital capabilities. The partnership is a strategic move as Redbox combines with Seaport Global Acquisition Corp. (Nasdaq: SGAM, SGAMU) to become a publicly traded company.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has acquired North American rights to the upcoming thriller GOLD, directed by Anthony Hayes and featuring Zac Efron. The film, which explores themes of greed, was acquired after a competitive bidding process at AFM. It will be released theatrically in 2022 and later on streaming service Stan as a 'Stan Original Film'. The acquisition highlights Screen Media's commitment to indie films and enhances its portfolio, which includes titles like Till Death and Willy's Wonderland.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of North American rights for the heist thriller Naked Singularity, featuring stars John Boyega and Olivia Cooke. The film, directed by Chase Palmer, is based on a PEN Prize-winning novel and won the Best Narrative Film award at the San Francisco Film Festival. Screen Media, a subsidiary of Chicken Soup, plans an August 2021 theatrical release. The acquisition is seen as a strategic move to enhance the company's film portfolio and leverage its distribution capabilities.
Chicken Soup for the Soul Entertainment (CSSE) announced that the second season of their series Going From Broke has surpassed season one viewership by over 25%. The series, which aired its first episode on May 20, 2021, received over 1 million total views, with 600,000 views for the first episode alone. This season addresses financial struggles faced by over 44 million Americans in debt, featuring notable guests like Ashton Kutcher and Brian Chesky. The innovative weekly episode release format appears to resonate well with audiences, highlighting a growing demand for financial content.
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