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

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the acquisition of North American rights to the film The Birthday Cake, directed by Jimmy Giannopoulos. The film, featuring stars like Ewan McGregor and Val Kilmer, is set to release in theaters and on-demand in June 2021. The story follows Gio, the son of a murdered mobster, who uncovers truths about his family's violent past during a celebratory evening. This acquisition aligns with Chicken Soup's strategy to enhance its content library and strengthen its position in the streaming market.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of Sonar Entertainment, aiming to enhance its advertising-supported video-on-demand (AVOD) network. This deal includes 372 TV series and over 700 films, significantly boosting the company’s content library. The acquisition is expected to be immediately accretive financially, with projected revenue exceeding $15 million and EBITDA of approximately $10 million in the first year. The agreement is structured to ensure costs are recouped through successful licensing, with an anticipated close within 30 days.

Screen Media, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has released the trailer for the documentary STREET GANG: HOW WE GOT TO SESAME STREET, set to premiere in theaters on April 23, 2021 and on-demand on May 7, 2021. Directed by Marilyn Agrelo, this documentary highlights the origins of the iconic children's program, featuring interviews with original cast and crew, and behind-the-scenes footage. It explores the show's impact on education and equality, inspired by the activism of the 1960s.

Chicken Soup for the Soul Entertainment reported strong operational progress and financial results for Q4 and full year 2020. Gross revenue reached $68.2 million, up from $56.6 million in 2019, despite a net loss of $44.6 million. Online networks generated $35.3 million, down from $41.7 million, while Distribution & Production revenue rose significantly by 129% year-over-year to $38.0 million. Gross profit was $14.2 million, yielding a gross margin of 21%. The company continued to expand its content pipeline and distribution channels, positioning for transformational growth in 2021.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced new content for Crackle in April 2021, enhancing its streaming offerings. Key highlights include the return of Going From Broke (Season 2) on April 8, featuring real-time debt recovery stories. New films such as Cagefighter and Exit Plan debuting on April 1 and April 15, respectively, will enrich the platform. Additional themed channels will also launch, including Cage Match Channel and Family Movie Night Channel, providing diverse viewing experiences across various devices.

Crackle Plus Networks have expanded to 41 distribution touchpoints and are set to reach 64 by year-end. This growth is part of Chicken Soup for the Soul Entertainment's strategy to boost viewership across platforms such as digital services and cable providers. Notably, there has been a reported increase in viewership of Crackle in February compared to January. The company aims to make its free content more accessible, enhancing opportunities for advertising partners.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will host a conference call on March 31, 2021, at 4:30 p.m. ET to discuss its Q4 and full-year results for 2020. Investors can join via toll-free number (833) 832-5128 or internationally at (484) 747-6583, using conference ID 2587209. A live webcast will also be available on their investor relations website. For replay, call (855) 859-2056 toll-free or (404) 537-3406 internationally. The company is a leading operator of AVOD networks and owns various streaming services including Crackle and Popcornflix.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced the payment details for its monthly dividend of $0.2031 per share on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend is scheduled for April 15, 2021, to shareholders on record by March 31, 2021. The company operates various streaming video-on-demand networks, including Crackle Plus and others, and is known for its original content production through subsidiaries.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a partnership with Plex to represent its U.S. advertising inventory. This collaboration involves Crackle Plus’ ad sales team marketing Plex’s content to major advertisers. Since the start of their relationship in May 2020, they have launched several offerings on Plex. This agreement is expected to facilitate more effective advertising campaigns and provide a single contact point for advertisers, enhancing targeted marketing efforts.