Chicken Soup for the Soul Entertainment, Inc. - CSSE STOCK NEWS

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced a regular monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on July 15, 2022 to shareholders on record as of June 30, 2022. The company operates various ad-supported VOD streaming services, including Crackle and Popcornflix, and is involved in content acquisition and distribution through its subsidiaries. The press release highlights potential risks related to market conditions, operational challenges, and strategic acquisitions.

Amagi, a leader in cloud-based SaaS technology, has entered a Connected TV (CTV) ad inventory agreement with Crackle Plus, a subsidiary of Chicken Soup for the Soul Entertainment (CSSE). This deal enhances advertising opportunities in the rapidly growing CTV market, capitalizing on the shift of ad budgets from traditional TV to streaming. Amagi's ADS PLUS platform boasts over 700 content brands and delivers over 50 billion ad impressions. This collaboration aims to increase Crackle Plus's ad sales and audience reach across numerous devices and platforms.

Crackle Plus, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), announced new content releases for June 2022, enhancing its advertising-supported video-on-demand (AVOD) offerings. The service will introduce exclusive series, including A Life In 10 Pictures featuring Freddie Mercury and In the Vault. Additionally, new titles from BBC and various themed collections such as Celebrating Pride and Prehistoric Beasts will be available. Crackle Plus aims to expand its distribution to over 90 platforms.

Crackle, a subsidiary of Chicken Soup for the Soul Entertainment (CSSE), has launched an updated AVOD app on Fire TV, enhancing user experience with faster load times and an autoplay feature to boost engagement. The app is part of a co-branded campaign with Fire TV, promoting Crackle's extensive programming, including exclusive BBC series like Sherlock. The campaign runs throughout May, utilizing various advertising channels. Crackle offers free, ad-supported content and is available on multiple platforms, aiming for over 90 distribution points.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced the payment details for its regular monthly dividend of $0.2031 per share on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock for June 2022. The dividend will be payable on June 15, 2022 to shareholders on record as of May 31, 2022.

The company operates various ad-supported video-on-demand streaming services, including Crackle and Chicken Soup for the Soul, and is committed to distributing diverse video content.

Crackle, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), announces the return of its original series Going From Broke for a third season, premiering in December 2022. The show, co-produced by Ashton Kutcher, aims to assist millennials facing financial challenges exacerbated by student debt and credit card issues, particularly in the wake of the pandemic. The series will equip participants with tools to achieve financial stability through practical guidance. Crackle Plus emphasizes its mission to support viewers in overcoming their financial struggles.

On May 11, 2022, Chicken Soup for the Soul Entertainment (CSSE) announced its acquisition of Redbox Entertainment (RDBX), creating a leading independent AVOD platform. This strategic move combines their resources, increasing scale across content production and distribution. The deal, approved by both companies' boards, is expected to accelerate growth, delivering over $500 million in revenue and $100-$150 million in Adjusted EBITDA by the end of 2022. Redbox shareholders will receive 0.087 shares of CSSE stock for each share of Redbox, resulting in CSSE holding about 76.5% of the combined company.

Chicken Soup for the Soul Entertainment reported a 26% year-over-year revenue increase in Q1 2022, totaling $29.2 million. Despite this growth, the net loss narrowed to $14.1 million compared to $22.4 million in Q4 2021. The company announced a strategic acquisition of Redbox Entertainment Inc. to enhance its direct-to-consumer media platform. Key metrics include a 3.7 million adjusted EBITDA and a gross profit of $6.6 million. Cash reserves decreased to $21.5 million against a debt of $67.9 million.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced a conference call to discuss its Q1 2022 results on May 12, 2022, at 4:30 p.m. E.T.. Interested parties can join via phone or a live webcast, with the call available for replay afterwards. The company operates several AVOD streaming services, including Crackle and Popcornflix, and produces original video content. The announcement emphasizes the company's ongoing strategies and future projections, highlighting the potential risks and uncertainties associated with its operations.