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.
Overview
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) is a dynamic media company that excels in the creation and distribution of uplifting, inspiring content. With a commitment to delivering high-quality, advertising-supported video on demand (AVOD) and free ad-supported streaming television (FAST) services, the company has established a robust platform for showcasing original films, TV series, and exclusive video stories that highlight hope, comfort, and the best of the human spirit. Using industry-specific methods and digital streaming strategies, CSSE serves value-conscious consumers across a variety of platforms.
Core Business Areas
At its core, Chicken Soup for the Soul Entertainment operates in several key segments:
- Ad-Supported Streaming Services: The company manages flagship AVOD platforms such as Crackle, Redbox, and its namesake streaming service, providing viewers with premium content without a subscription fee.
- Free Ad-Supported Streaming Television (FAST): Through offerings like Redbox Free Live TV, the firm delivers a broad range of curated live content, catering to a wide audience on diverse devices.
- Transactional Video On Demand (TVOD) and DVD/Blu-ray Rental Kiosks: Expanding beyond digital, the company also operates traditional rental services that continue to serve a dedicated segment of viewers.
- Original and Exclusive Content Production: Through its subsidiaries, including Screen Media and Chicken Soup for the Soul TV Group, CSSE produces and distributes original films and TV series, ensuring a steady pipeline of engaging, uplifting content.
Content and Distribution Strategy
The company focuses on curating and creating video stories that carry a message of hope and inspiration. It invests in content that resonates emotionally with audiences, ranging from inspiring documentaries to reality-based series that exemplify the human spirit. By expanding its content offerings and distribution capabilities, CSSE is able to adapt to emerging digital platforms and meet the evolving demands of the modern viewer. Its strategic partnerships, including collaborations for reality series that explore influencer culture and brand storytelling, illustrate the company’s ability to innovate while staying true to its uplifting mission.
Industry Position and Competitive Landscape
Operating in the competitive realm of digital media and streaming entertainment, Chicken Soup for the Soul Entertainment distinguishes itself through its niche focus on inspirational and positive content. Unlike other media companies that predominantly focus on prime-time drama or high-budget productions, CSSE leverages a unique value proposition centered on the human spirit and authentic storytelling. This specialized focus, combined with robust advertising-driven revenue models, positions the company as a key player that bridges traditional media and next-generation streaming. In a market characterized by rapid digital evolution, the company’s diversified distribution channels and commitment to quality content underscore its enduring relevance.
Business Model and Revenue Generation
The firm’s revenue model is anchored in its advertising-supported platforms. By offering free access to a wide range of content while capitalizing on ad revenue streams, the company creates a sustainable ecosystem that appeals to both viewers and advertisers. The incorporation of TVOD services and physical rental kiosks further diversifies its revenue sources, allowing CSSE to maintain resilience in the dynamic entertainment market. Quality content production and strategic content acquisition ensure that the offerings remain competitive and engaging, helping to drive viewership across all platforms.
Commitment to Quality and Viewer Experience
Chicken Soup for the Soul Entertainment’s mission to bring out the best in the human spirit is reflected not only in its programming but also in its commitment to a premium viewer experience. The company’s dedication to quality is evident in its content curation, production values, and multi-platform distribution strategy. Every piece of content is crafted to inspire and uplift, ensuring that audiences receive enriching, positive experiences across every viewing session.
Conclusion
In summary, Chicken Soup for the Soul Entertainment is a multifaceted media company that leverages its expertise in AVOD and digital streaming to deliver inspiring original content. Its strategic approach to content production, combined with diverse distribution channels, positions it firmly within the competitive digital media landscape. By consistently focusing on stories that resonate with audiences and reinforcing the message of hope and positivity, the company has built a reputable and enduring brand that continues to capture the attention of viewers across a broad spectrum of media consumption channels.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEN) announced a regular monthly dividend of $0.2031 per share of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend is scheduled for payment on December 15, 2020, to shareholders on record as of November 30, 2020. The Company operates streaming video-on-demand networks and owns a majority stake in Crackle Plus, among other assets.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the release of the animated film Elliot: The Littlest Reindeer, available for free on Crackle starting December 1. The film features a star-studded cast, including Josh Hutcherson, Samantha Bee, and John Cleese, and is targeted at family audiences. This release enhances Crackle's holiday programming lineup, which features exclusive content across various devices. The film's storyline revolves around Elliot, a miniature horse competing to replace a retiring reindeer while facing personal dilemmas about friendship and dreams.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) reported a strong third quarter for 2020, with gross revenue reaching $20.0 million, up from $13.9 million in Q2 2020 and $17.0 million year-over-year. Despite a net loss of $13.0 million, improved adjusted EBITDA of $4.2 million was noted. The Online Networks segment generated $6.7 million in revenue, while Distribution & Production saw a surge to $13.3 million. The company is focused on enhancing its content and financial position for growth in 2021.
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) announced a 30-day extension for Sony Pictures Television's decision regarding its ownership options in Crackle Plus. Initially due by November 14, 2020, SPT can now decide by December 14, 2020, whether to convert its stake into 49% common ownership or $40 million in preferred shares. The company views this extension positively as an opportunity to explore a stronger partnership with Sony.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will participate in the 11th Annual Craig-Hallum Alpha Select Virtual Conference on November 17, 2020. Management plans to hold virtual one-on-one and small group meetings throughout the day. The company operates several streaming video-on-demand networks, including Crackle Plus in collaboration with Sony Pictures Television, offering ad-supported and subscription-based platforms like Crackle and Popcornflix. Additionally, it produces original content through its Landmark Studio Group.
Crackle Plus, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has partnered with Amagi to enhance the linear channel experience for its streaming platforms, including Crackle and Popcornflix. The collaboration will enable the distribution of linear channels on various FAST platforms like Plex and VIZIO Watch Free, featuring a diverse library of films and exclusive programs. With over 80,000 hours of content, Crackle Plus aims to broaden its audience significantly by making its channels accessible across 27 devices and services by year's end.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will host a conference call on November 12, 2020, at 4:30 p.m. ET to discuss its Q3 financial results for the period ending September 30, 2020. Participants can join via phone or a live webcast. Call-in details include toll-free numbers and a conference ID of 2772449. The company, a leader in streaming advertising-supported video-on-demand networks, oversees various platforms such as Crackle and Popcornflix and engages in content production and distribution.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced its November content lineup for its Crackle streaming platform. The diverse offerings include the original series Heroes of Lucha Libre premiering on November 25, along with the series Breaking Beauty on November 19. The month will also see the exclusive feature Blood and Money, and several thematic channels like Man Vs. Monster and Football Channel. Crackle Plus, the joint venture behind Crackle, reaches over 30 million monthly visitors, solidifying its position as a key player in the AVOD market.
Chicken Soup for the Soul Entertainment Inc. (CSSE) has announced a partnership with VIZIO to integrate a Crackle-branded button on select VIZIO SmartCast TV remotes in 2021. This feature allows instant access to Crackle's extensive library, which includes original programming and classic films. The agreement is expected to enhance Crackle's reach as part of the growing smart TV segment.
The company continues to expand its ad-supported video-on-demand services across various platforms, aiming to increase user engagement and market presence.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced that its Crackle app will be available on Cox Contour TV and Contour Stream Player, reaching the majority of Cox customers across 18 states. This launch allows access to Crackle’s extensive library of films and original programming at no extra cost to subscribers. The Crackle platform is expected to be available on up to 27 devices by year-end and reaches over 40 million monthly visitors. The company aims to broaden the accessibility of its content to enhance viewer engagement.
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