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 (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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