Chicken Soup for the Soul Entertainment, Inc. - CSSE STOCK NEWS

Redbox has partnered with Chicken Soup for the Soul Entertainment (CSSE) to integrate Crackle into Redbox Free Live TV, enhancing its entertainment offerings.

Launch includes popular shows like Cold Blood and Playing With Power. With nearly 100 channels available on various platforms, this move aims to attract more viewers and expand Redbox's audience.

Crackle Plus, which owns Crackle, boasts over 11,000 films and 22,000 TV episodes, providing exclusive and original content each month.

Chicken Soup for the Soul Entertainment (CSSE) has finalized its acquisition of Sonar Entertainment, enhancing its AVOD network strategy. This acquisition adds 372 television series comprising 1,825 episodes and over 700 films to its library. The company aims to expand its content development, increase profit margins, and accelerate the launch of its Chicken Soup for the Soul branded network. The deal included a $20 million secured credit facility to support the purchase. New studio Halcyon will spearhead content creation.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that CEO Bill Rouhana will attend the J.P. Morgan 49th Annual Global Technology, Media and Communications Virtual Conference on May 26, 2021. Rouhana will hold virtual one-on-one and small group meetings throughout the day, and will participate in a fireside chat at 5:55 p.m. Eastern Time. A live webcast and replay of the chat will be accessible via the company's investor relations website.

Chicken Soup for the Soul Entertainment operates various streaming VOD networks, including Crackle Plus and Popcornflix, and produces original content through its subsidiaries.

Chicken Soup for the Soul Entertainment Inc. (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, payable on June 15, 2021. Shareholders on record as of May 31, 2021 will receive the cash dividend. The company operates streaming AVOD networks, including Crackle Plus and others, while also engaging in content acquisition and production.

Chicken Soup for the Soul Entertainment reported Q1 2021 net revenue of $23.2 million, a 75% increase year-over-year, driven by original content and advertising sales. The company experienced a net loss of $9.2 million, which improved from $11.4 million in Q1 2020. Adjusted EBITDA grew by 124% to $4.6 million. Notable achievements include a record viewership on Crackle Plus and the acquisition of Sonar Entertainment assets, adding substantial IP rights to the company’s content library. The company has $24.6 million in cash on hand as of March 31, 2021.

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) reported a 75% year-over-year net revenue growth for Q1 2021, achieving $23.2 million in net revenue, up from $13.2 million in Q1 2020. The company improved its Adjusted EBITDA to $4.6 million, a 124% increase from the previous year. Despite a net loss of $9.2 million, it is an improvement compared to last year's loss of $11.4 million. The acquisition of Sonar Entertainment's assets and the launch of new AVOD networks are pivotal for their growth strategy in 2021.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced its participation in the Needham Technology & Media Virtual Conference from May 17-20, 2021. CEO Bill Rouhana will host virtual one-on-one and small group meetings, alongside a fireside chat scheduled for May 17 at 3:45 p.m. ET. The company operates various AVOD networks, including Crackle and Popcornflix, and engages in video content distribution and production through its subsidiaries. For further inquiries, contact Taylor Krafchik at Ellipsis.

Crackle Plus, part of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has announced five brand partnerships for season two of the original series Going From Broke, premiering on May 20, 2021. The series aims to help cast members manage debt, featuring partners like Airbnb, Incfile, Roommates.com, and Smart Job Search. Each episode will provide tools and advice to help participants improve their financial situations. The first season received over 18 million streams, indicating strong viewer interest.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of international rights to a substantial portion of the Moonstone Entertainment Library through a 10-year exclusive deal. This acquisition includes 47 titles from acclaimed creators such as Noah Baumbach and Timothy Hutton. The deal is expected to enhance Screen Media's catalog and leverage its distribution capabilities. Screen Media, part of Chicken Soup for the Soul Entertainment, aims to market these titles immediately, continuing a long-standing partnership with Moonstone Entertainment.