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

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.