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

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) has successfully closed its public offering of $9,387,750 principal amount of 9.5% Notes due 2025, trading under the symbol 'CSSEN'. Net proceeds after underwriting fees are estimated at $8,576,496, intended for specified uses detailed in the prospectus. Interest will be paid quarterly starting March 31, 2021. The Company reserves the right to redeem these Notes from July 31, 2022, at par plus accrued interest. This offering was managed by Ladenburg Thalmann & Co. Inc.

Chicken Soup for the Soul Entertainment has announced a public offering of $9,387,750 in 9.5% Notes due 2025 (Nasdaq: CSSEN), with an additional option for underwriters to purchase $1,408,150 in overallotments. The offering, expected to close by December 22, 2020, is a follow-on to a previous issuance in July 2020. Net proceeds are estimated at $8,576,496 and will be utilized as detailed in the final prospectus. Interest payments are quarterly, starting March 31, 2021, and the Company can redeem the Notes after July 31, 2022.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has declared a monthly dividend of $0.2031 per share for its Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend, yielding 9.75%, will be payable on January 15, 2021, to shareholders of record as of December 31, 2020. The payment will be made in cash, reflecting the company's ongoing commitment to providing returns to its investors.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of North American rights to HBO’s documentary Street Gang: How We Got to Sesame Street. The film, directed by Marilyn Agrelo, will premiere at the 2021 Sundance Film Festival and explores the impactful origins of the beloved children’s show.

Scheduled for release in Spring 2021, the documentary features interviews with original cast and crew and aims to share the show's significant contributions to education and representation.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) is set to launch the original series Insomnia on January 1, 2021. This eight-episode action series, produced by Slava N. Jakovleff and Michael Ohoven, follows 20 contestants in a deadly game for survival. Available on Crackle and various devices, Insomnia adds to Crackle's unique programming, which includes exclusive titles. As an operator of ad-supported streaming networks, the company aims to expand its content library and attract more viewers.

Chicken Soup for the Soul Entertainment (CSSE) has gained 100% ownership of Crackle Plus after Sony Pictures Television (SPT) opted to exchange its stake for $40 million in preferred stock. The company can pay cash instead of stock within 30 days. This transaction reinforces the partnership between Chicken Soup and Sony. Since acquiring Crackle in 2019, Chicken Soup has reduced costs, boosted ad sales, and expanded its content library to over 10,800 movies and 22,000 episodes. Efforts are now being made to further increase viewership.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced new content for its Crackle platform for December 2020, including exclusive films and themed channels. Highlights include the animated feature Elliot: The Littlest Reindeer and a range of films such as Arrival, Zodiac, and The Bank Job. The service is accessible on various devices, including Smart TVs and gaming consoles, and is available in around 500,000 hotel rooms. Crackle Plus, a joint venture with Sony Pictures, boasts over 30 million monthly visitors.

Chicken Soup for the Soul Entertainment (CSSE) announced the addition of its free AVOD service, Popcornflix, to Plex's video-on-demand library. This launch follows the success of Crackle’s VOD service on Plex, enhancing the streaming options for U.S. users with a range of movies and TV shows, including titles like Drinking Buddies and 3rd Rock from the Sun. The relationship with Plex signifies continued growth for Crackle Plus, which boasts over 50 million streams monthly, providing a significant content offering amidst the competitive AVOD landscape.