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) announced the upcoming second season of the award-winning show Going From Broke, premiering May 20, 2021, on Crackle. This season features financial experts and notable guests like Ashton Kutcher and Brian Chesky, focusing on solutions for the nationwide student debt crisis. The show aims to help individuals with significant debt challenges, reflecting a growing concern in the U.S. about student loans. The first season achieved over 18 million streams, highlighting the program's popularity.
Screen Media, a subsidiary of Chicken Soup for the Soul Entertainment (CSSE), has acquired North American and European rights to the docu-series Promiseland, highlighting NBA star Ja Morant's rookie season. The series, created by Dexton Deboree, premieres on Crackle on June 3, 2021. It showcases Morant's rise from obscurity to NBA Rookie of the Year amidst challenges such as the global pandemic and social justice movements. Featuring notable guest appearances and an original soundtrack, Promiseland aims to inspire audiences while enhancing Crackle's original content offerings.
Screen Media, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has acquired all U.S. rights to Till Death, a suspense-thriller starring Megan Fox. This marks Fox's return to genre roles since Jennifer’s Body. The film, directed by S.K. Dale, features co-stars like Callan Mulvey and Aml Ameen. The movie will be released theatrically and on demand this summer. This acquisition continues the successful collaboration between Screen Media and Millennium Media, previously seen with The Outpost and Blackbird.
Crackle Plus, part of Chicken Soup for the Soul Entertainment (CSSE), announced a new slate of original programming at the NewFronts presentation. This includes upcoming docu-series like ‘Promiseland’ featuring Ja Morant and ‘Vince Carter: Legacy’. The company is set to launch a Chicken Soup for the Soul AVOD network in Fall 2021, expanding its streaming reach. Additionally, Crackle Plus has doubled its content offerings and signed an agreement to acquire Sonar Entertainment's extensive library, enhancing its original television content and international presence.
Crackle Plus, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has announced a new AVOD network and enhanced user interfaces at the 2021 NewFronts. The company doubled its content offerings, adding 200 hours of original programming. Plans include expanding distribution to 34 new platforms by the end of 2021 and launching the Chicken Soup for the Soul AVOD network. New technology investments will improve user experience on various devices. The partnership with VIZIO aims to enhance advertising experiences, providing greater access for advertisers.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the formation of Halcyon Television during the 2021 NewFronts. This premium scripted television studio, led by CEO David Ellender, will enhance the company’s strategy in advertising-supported video-on-demand (AVOD) networks. Following the acquisition of a 1,300-title library from Sonar Entertainment, Halcyon Television aims to expand original content and international production capabilities. The studio is set to develop over 20 projects, fostering partnerships in the U.S. and Europe, aligning with the company's goal of delivering uplifting entertainment.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced exciting new content releases for Crackle in May 2021. Highlights include the premiere of Going From Broke (Season 2) on May 20, focusing on financial empowerment for young adults. The platform will also introduce new exclusives such as Bel Canto and films like War and The Legend of Hercules on May 1. Crackle’s offerings will be accessible through various devices and platforms, including hotel rooms in the Marriott Bonvoy chain.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will host a conference call on May 13, 2021, at 4:30 p.m. ET, to discuss its Q1 2021 results. Participants can join by calling (833) 832-5128 (toll-free) or (484) 747-6583 (international). The conference ID is 9352518. A live webcast will be available at ir.cssentertainment.com. The call will also have a replay option at (855) 859-2056 (toll-free) and (404) 537-3406 (international) with the same reference ID.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a partnership with TransUnion (NYSE: TRU) on April 29, 2021. This collaboration will enhance Crackle Plus' advertising capabilities by leveraging TransUnion's identity and audience solutions. The partnership aims to improve ad relevance and audience insights, facilitating effective brand exposure while ensuring consumer data privacy. Crackle Plus will access extensive audience segments and automation tools, further enhancing its advertising offerings.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced a regular monthly cash dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on May 17, 2021, to shareholders on record as of April 30, 2021. The company operates various streaming video-on-demand networks and is a subsidiary of Chicken Soup for the Soul, LLC, known for its popular book series and pet food brand.
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