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 (Nasdaq: CSSE, CSSEP, CSSEN) has announced a regular monthly dividend payment of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be paid on November 16, 2020, to shareholders recorded as of October 31, 2020. The company operates various streaming video-on-demand networks and holds a significant stake in Crackle Plus, among others, contributing to its market presence.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced special screenings of The Outpost, based on Jake Tapper's book, on November 11 and 12. Over 350 theaters will showcase the Director's Cut alongside introductions by director Rod Lurie and veterans. The film achieved significant success, topping various VOD platforms and receiving a 92% rating on Rotten Tomatoes. This event commemorates Veterans Day, emphasizing the company's commitment to honoring service members.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the acquisition of North American rights to the action/disaster film Skyfire. Directed by Simon West, known for films like Con Air and Lara Croft: Tomb Raider, Skyfire is set for a December 2020 release. The film, which topped the Chinese box office, features a cast including Jason Isaacs and Hannah Quinlivan. This acquisition aligns with Chicken Soup's strategy to expand its content library, particularly within the AVOD sector, enhancing its competitive positioning in the streaming market.
BrandStar and Chicken Soup for the Soul Entertainment (CSSE, CSSEP) announced a new co-production venture aimed at enhancing sales capabilities. BrandStar brings over 500 brand integration partners to the collaboration, expanding distribution for Chicken Soup’s content. This move includes launching the second season of the original series Going From Broke, executive produced by Ashton Kutcher, to market for sponsorships. The venture aims to offset production costs through brand integrations, aligning with both companies' strategies to offer impactful content.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that its original series Spides has achieved over one million streams in under two weeks, becoming the top scripted series on Crackle. With more than 5 million ad impressions, Spides is on track to set records for Crackle. Following the success of previous titles like Going From Broke and On Point, this sci-fi series centers on a conspiracy involving aliens and drug-related mysteries in Berlin. Available on multiple platforms, Crackle continues to engage a diverse audience.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced exciting new content for Crackle in October 2020, featuring a mix of historical films, documentaries, and themed channels. Launching on October 1st, AVOD exclusive Robert the Bruce continues the story from Braveheart, while the original documentary Lennox Lewis: The Untold Story premieres on October 15th. The streaming platform also introduces new themed channels like Creatures of the Night and Don’t Go in the Water, catering to various genres and expanding its audience reach.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced new content for Crackle, its AVOD network, set for October. Key highlights include the exclusive film Robert the Bruce on October 1, and the original documentary Lennox Lewis: The Untold Story on October 15. New themed channels will launch, featuring horror and classic films. Crackle can be accessed on 26 devices and is available in about 500,000 Marriott hotel rooms, aiming to reach a wider audience with diverse content offerings.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that its film The Outpost has regained the #1 spot on iTunes, 12 weeks post-release. This military thriller portrays the bloody Battle of Kamdesh involving U.S. soldiers against Taliban forces in 2009. Directed by Rod Lurie and based on Jake Tapper's bestseller, the film features notable actors including Scott Eastwood and Orlando Bloom. Available across multiple platforms, The Outpost enhances CSSE's portfolio in streaming video-on-demand.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) announced a significant expansion of its Crackle Plus networks through new distribution deals with providers like Xfinity Flex and Plex. The rollout will enhance availability across up to 26 devices by year-end, including Smart TVs and gaming consoles. Crackle and Popcornflix networks offer free, high-quality programming, boasting over 80,000 hours of content for more than 40 million monthly visitors. This strategic expansion is aimed at increasing viewership and solidifying its position in the AVOD market.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced significant new programming license deals for Crackle Plus, acquiring approximately 1,600 hours of content from notable producers including KDMG and Endemol Shine. This expansion adds classic films and series such as Night of the Living Dead and McLeod’s Daughters to an already robust library exceeding 80,000 hours of programming. The enhanced catalog aims to attract more viewers, enriching the platform's offering across various devices in the U.S.
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