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) announced its participation in the 40th Annual Canaccord Genuity Global Growth Conference taking place virtually on August 11, 2020. The management will hold one-on-one and small group meetings throughout the day, with a scheduled presentation on August 12 at 8:00 a.m. ET. This event highlights the company’s position as a major player in the streaming advertising-supported video-on-demand sector, operating various networks like Crackle and Popcornflix, and producing original content through its subsidiaries.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) will hold a conference call on August 13, 2020, at 4:30 p.m. ET to discuss its second-quarter financial results ending June 30, 2020. Interested participants should dial in 5 to 10 minutes before the call. The toll-free number is (833) 832-5128, and the international number is (484) 747-6583, using Conference ID 6999674. A live webcast will also be available on the company's investor relations website. The company focuses on streaming AVOD networks, including its majority stake in Crackle Plus.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the partial exercise of an over-allotment option by underwriters for its recent public offering of 9.50% Notes due 2025, securing an additional $1.1 million in principal. This raises net proceeds to $1,045,000 after expenses. The Notes are rated BBB and trade under the ticker symbol "CSSEN," with interest payments commencing on September 30, 2020. The company can redeem the Notes from July 31, 2022, at par plus accrued interest.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on August 17, 2020, to shareholders on record as of July 31, 2020. The company operates multiple ad-supported streaming video-on-demand networks and holds a significant stake in Crackle Plus, enhancing its content offerings. Investors are advised to consider potential risks associated with forward-looking statements.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) recently announced the closing of a public offering totaling $21 million in 9.5% Notes due 2025. The Notes, soon to trade on Nasdaq under the symbol CSSEN, will offer quarterly interest payments starting September 30, 2020. Proceeds will primarily be used to repay outstanding loans with Patriot Bank, enhancing the company's liquidity. The offering, managed by Ladenburg Thalmann & Co. and National Securities, is rated BBB by Egan-Jones Ratings Company, indicating a stable outlook.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced that the film The Outpost remains the top movie in America for the second consecutive weekend. Released by Screen Media on July 3, it has topped various VOD platforms, including iTunes and GooglePlay, while receiving a 91% rating on Rotten Tomatoes. Directed by Rod Lurie, the film is based on the harrowing Battle of Kamdesh, showcasing a decorated U.S. unit. The film's success is attributed to its powerful storytelling and emotional connection with audiences.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced a public offering of $21 million in 9.5% Notes due 2025, with an additional $3.15 million option for underwriters. The offering will close around July 17, 2020, with trading expected on Nasdaq under the symbol 'CSSEN'. Interest payments begin September 30, 2020. Proceeds will be used to repay debts and for general corporate purposes. Notably, the Notes are rated BBB by Egan-Jones Ratings Company.
Chicken Soup for the Soul Entertainment (CSSE) announced that its film The Outpost achieved record success, hitting #1 on iTunes on its opening day, marking the largest opening day in the company's history. The military thriller, directed by Rod Lurie and featuring a star-studded cast, portrays a pivotal battle in the Afghan War. The film received a 90% critic rating on Rotten Tomatoes and is available for viewing on various platforms including Amazon and Google Play. The release coincided with the Fourth of July weekend, highlighting American heroism.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the renewal of its original series Going From Broke for a second season, following a successful first season with 16 million views. The show aims to help young Americans address $1.5 trillion in student loan debt, providing tangible solutions for financial success.
Consisting of ten 30-minute episodes, the new season will be hosted by Dan Rosensweig, CEO of Chegg. The company emphasizes its commitment to educate viewers about overcoming financial challenges in an uncertain economic climate.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced major distribution expansions for Crackle Plus, launching linear services alongside its VOD offerings. New distribution agreements have been made with Plex, Xfinity Flex, and FuboTV, with a goal of securing up to 10 partnerships this year. With 47% of U.S. consumers intending to add an AVOD service soon, the company seeks to attract an additional 33 million potential customers. Crackle now supports 25 devices and is accessible in approximately 500,000 hotel rooms.
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