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, 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.
FAQ
What is the current stock price of Chicken Soup for the Soul Entertainment (CSSE)?
What is the market cap of Chicken Soup for the Soul Entertainment (CSSE)?
What does Chicken Soup for the Soul Entertainment, Inc. do?
What are the main streaming services operated by CSSE?
How many kiosks does CSSE operate in the US?
How does CSSE provide original content?
What is Redbox Free Live TV?
What is CSSE's mission?
What type of content does CSSE focus on?
What platforms does CSSE distribute content on?
Who are the subsidiaries of CSSE?