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 (CSSE, CSSEP) has announced a monthly dividend of $0.2031 per share on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock for October 2020. This dividend will be payable on October 15, 2020, to shareholders on record as of September 30, 2020. The company, which focuses on online video on-demand networks, operates several ad-supported and subscription-based services, including Crackle and Popcornflix.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that the historical action-drama Robert the Bruce will stream for free on Crackle starting October 1. The film, starring Angus Macfadyen, continues the story of Scotland's King Robert after the events of Braveheart. Directed by Richard Gray, it presents a personal narrative of Bruce's journey to freedom. Crackle, a major AVOD platform, features various exclusive titles and reaches over 40 million monthly visitors, offering access across multiple devices.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced new programming license deals for Crackle Plus, adding over 1,000 hours of content from various partners including Gravitas Ventures and Distribution Solutions. Notable additions feature acclaimed titles such as The Bill Murray Stories and National Lampoon’s Snatched, increasing total Crackle Plus content to approximately 79,000 hours. Crackle Plus, available on multiple platforms, continues to expand its offerings, reflecting the company's commitment to providing engaging and free-to-watch programming.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) announces participation at the DA Davidson 19th Annual Software & Internet Virtual Conference on September 9, 2020. Management will engage in virtual one-on-one and small group discussions throughout the day and present at 8:35 a.m. ET. The company operates ad-supported streaming video-on-demand networks and holds a majority stake in Crackle Plus. Chicken Soup for the Soul also produces original content and distributes video through its subsidiaries.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced a new film acquisition facility, funded at $10 million, through its subsidiary, Screen Media Ventures, in partnership with Great Point Media. This funding will enable the company to acquire high-profile films and TV series at a lower cost of capital, enhancing its library and overall content strategy. Screen Media has successfully produced notable projects such as The Outpost and On Point. The collaboration aims to further expand their relationship and accelerate content acquisition.
Chicken Soup for the Soul Entertainment (CSSE) announced new content releases for Crackle in September 2020, including several original series and exclusive titles. Among the highlights are the sci-fi series Spides launching on September 17, and dark comedies Corporate Animals and Metro Sexual premiering on September 1. New channels will also debut, such as Emmy Winners and Crime Time, enhancing the platform's offerings. Crackle remains accessible across 26 devices and is featured in approximately 500,000 hotel rooms, indicating a strong distribution network.
Chicken Soup for the Soul Entertainment's Screen Media announced a partnership with Fathom Events for the exclusive cinema premiere of Roger Michell's BLACKBIRD on September 14-15, 2020, ahead of its VOD release on September 18. The film features stars such as Susan Sarandon and Kate Winslet, telling the poignant story of a family gathering as a mother with ALS prepares for her final days. The premiere will include a special introduction from the director and behind-the-scenes footage, showcasing the film's heartfelt themes of love and hope.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced new programming license deals and distribution expansion on Xumo, enhancing its Crackle Plus service. The deals include rights to acclaimed shows like Metro Sexual and Shameless UK, contributing to a total of approximately 79,000 hours of content on Crackle Plus. This expansion comes alongside a new distribution agreement with Xumo for Crackle and Popcornflix networks, broadening accessibility across 26 devices and services. The company aims to meet viewer demand with fresh content.
Chicken Soup for the Soul Entertainment (NASDAQ: CSSE, CSSEP) announced its monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on September 15, 2020. Investors holding shares as of August 31, 2020 will receive this cash dividend. This payment underscores the company's commitment to returning value to shareholders while it continues to expand its portfolio of video-on-demand networks.
On August 12, 2020, Chicken Soup for the Soul Entertainment (CSSE) announced new programming license agreements and distribution expansion for its Crackle Plus network on Philo. The company acquired 20 hours of content from Millennium Media, 30 hours from Whistle Sports, and 49 hours from Signature Entertainment, boosting Crackle Plus's library to approximately 77,000 hours. Additionally, Crackle signed a distribution deal with Philo, enhancing its reach across over 25 devices, including Roku and Apple TV. This expansion is expected to solidify Crackle's position in the AVOD space.
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