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 (Nasdaq: CSSE) announced a new agreement to launch the Crackle app on Vewd-powered Smart TVs and devices. This partnership allows Crackle to reach nearly 40 million connected devices annually, enhancing access to its diverse content, including popular films and original productions. Vewd is a leading provider of OTT solutions, powering devices from major brands like Sony and Hisense. The collaboration aims to meet rising consumer demand for AVOD services, further solidifying Crackle’s position in the competitive streaming market.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announces CEO Bill Rouhana's attendance at the D.A. Davidson Consumer Growth Virtual Conference on March 11, 2021. He will conduct one-on-one and small group meetings throughout the day, participate in a fireside chat at 11 a.m. ET, and join a panel at 3 p.m. ET to discuss the OTT video market. A live webcast of the fireside chat will be available on the company’s investor relations website.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the acquisition of US rights to the comedy Eat Wheaties! directed by Scott Abramovitch. The film, featuring actors like Tony Hale and Elisha Cuthbert, has received accolades including the Humor and Humanity Award at the Heartland Film Festival. Set for release on April 30, 2021, the story follows a man, Sid Straw, who spirals out of control after his social media efforts to connect with a former classmate go viral. Screen Media, a subsidiary of Chicken Soup, is responsible for the film's distribution.
SpotX has formed a strategic partnership with Crackle Plus to enhance video monetization across various channels, utilizing SpotX's infrastructure and Total Connect+ technology. This collaboration allows Crackle Plus to tap into over 60 million new viewers through its ad-supported video on-demand (AVOD) services, including Crackle and Popcornflix. The integration will feature advanced programmatic capabilities to optimize inventory and campaign performance. Crackle Plus, backed by Chicken Soup for the Soul Entertainment (CSSE), is recognized for its growing audience engagement and extensive content offerings.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced exciting content releases for its Crackle platform in March 2021. The lineup includes original programming such as Playing With Power: The Nintendo Story and After the Murder of Albert Lima. New themed channels will launch, featuring popular genres like sports, thrillers, and documentaries. Crackle Plus will be accessible on multiple devices, including Smart TVs and gaming consoles, and is available in approximately 500,000 Marriott Bonvoy hotel rooms.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has acquired worldwide distribution rights to the new series The Uncommon History of Very Common Things, produced by Breakthrough Entertainment and Parkside Entertainment. The series, currently in production in Toronto, will consist of ten episodes that explore the surprising history of everyday items. It will premiere as a Crackle Original in June 2021, aiming to engage audiences with entertaining historical insights.
Screen Media Ventures, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), reported a successful opening weekend for the horror thriller Willy’s Wonderland, starring Nicolas Cage. The film achieved an 80% audience score on Rotten Tomatoes and generated tens of millions of impressions for its trailer. The company anticipates continued revenue growth and increased Adjusted EBITDA in Q1 2021. Additionally, Screen Media plans to increase theatrical screenings of the film by 50% for next weekend.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced a monthly dividend payment of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on March 15, 2021. The record date for shareholders to receive this payment is February 28, 2021. This dividend demonstrates the company's commitment to returning value to its shareholders while supporting its operations in the streaming video-on-demand sector.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced production for Season 2 of its original series, Going From Broke, executive produced by Ashton Kutcher and hosted by Chegg CEO Dan Rosensweig. The season will premiere ‘real-time’ episodes on Crackle starting in March, with full episodes airing in May. This season highlights the financial burdens faced by over 44 million Americans in the wake of COVID-19, aiming to empower viewers to overcome their struggles. The series will include six new cast members and encourage audience engagement via social media.
Crackle App Launch Announcement
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has partnered with VIDAA to launch the Crackle app on VIDAA-powered Smart TVs, including Hisense and Toshiba models. This collaboration will provide VIDAA customers in the U.S. access to Crackle’s diverse library of content, including original series and popular films. VIDAA’s platform has achieved over 20 million installations since its launch in 2014, enhancing the viewing experience by combining live TV and streaming apps.
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