STOCK TITAN

The Temptations Shoots to #1 Title on Chicken Soup for the Soul Entertainment’s Crackle Network

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announces that its miniseries The Temptations has become the #1 program on Crackle within just two weeks of its launch. The series, released in late July 2021, celebrates the 60th anniversary of the iconic Motown group. This success highlights the potential of the recently acquired Sonar library, comprising over 1,000 titles. William J. Rouhana Jr., CEO, expressed confidence in the library's ability to boost viewership and engagement on Crackle's ad-supported platform, which is distributed widely across various devices.

Positive
  • The Temptations miniseries became the #1 show on Crackle within two weeks.
  • The acquisition of the Sonar library includes over 1,000 titles, enhancing content offerings.
Negative
  • None.

First Title from Sonar Library Acquisition on Crackle Becomes #1 Program on Network in 2 Weeks

COS COB, Conn., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced that The Temptations miniseries, part of the recent Sonar library acquisition, is the #1 show on Crackle in its first 2 weeks on the network.

The Temptations is a two-part miniseries of the true story behind the legendary Motown musical sensation. The miniseries launched on Crackle in late July 2021 in honor of the 60th anniversary of the first Temptations single in 1961. The miniseries is among the more than 1,000 titles acquired by Chicken Soup for the Soul Entertainment as part of the Sonar Entertainment asset acquisition announced in the Spring of 2021.

“This series is perfect example of the success we expect to see from the movies and television series we acquired as part of the Sonar library,” said William J. Rouhana Jr, chairman and chief executive officer of Chicken Soup for the Soul Entertainment. “The extensive film and television library received many awards and much acclaim, and we expect titles like The Temptations to continue to perform while increasing viewership on Crackle.”

The Temptations can be watched for free on Crackle. The Crackle Plus networks are currently distributed through 50 touch points in the U.S. with announced plans to expand to 64 touch points including Amazon FireTV, RokuTV, Apple TV, Smart TVs (Samsung, LG, Vizio), gaming consoles (PS4 and XBoxOne), Plex, iOS and Android mobile devices and on desktops at Crackle.com. Crackle is also available in approximately 500,000 hotel rooms in the Marriott Bonvoy chain.

ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) (the “Company”) operates streaming video-on-demand networks (VOD). The Company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The Company also acquires and distributes video content through its Screen Media subsidiary and produces original long and short-form content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super-premium pet food under the Chicken Soup for the Soul brand name.

FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Such assumptions involve a number of known and unknown risks and uncertainties, including but not limited to our core strategy, operating income and margin, seasonality, liquidity, including cash flows from operations, available funds, and access to financing sources, free cash flows, revenues, net income, profitability, stock price volatility, future regulatory changes, price changes, the ability of the Company’s content offerings to achieve market acceptance, the Company’s success in retaining or recruiting officers, key employees, or directors, the ability to protect intellectual property, the ability to complete strategic acquisitions, the ability to manage growth and integrate acquired operations, the ability to pay dividends, regulatory or operational risks, and general market conditions impacting demand for the Company’s services. For a more complete description of these and other risks and uncertainties, please refer the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 31, 2021, and for further information regarding our recent acquisition of the Sonar library and related assets, please see our Current Reports on Form 8-K, as amended, filed with the SEC on May 27, 2021 and July 1, 2021. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

INVESTOR RELATIONS
Taylor Krafchik
Ellipsis
csse@ellipsisir.com
(646) 776-0886

MEDIA CONTACT
Kate Barrette
RooneyPartners LLC
kbarrette@rooneypartners.com
(212) 223-0561


FAQ

What is the significance of The Temptations miniseries for Chicken Soup for the Soul Entertainment (CSSE)?

The Temptations miniseries became the #1 program on Crackle within two weeks of its launch, showcasing the success of CSSE's content strategy.

When was The Temptations miniseries launched on Crackle?

The Temptations miniseries launched on Crackle in late July 2021.

How many titles are included in CSSE's recent Sonar library acquisition?

The Sonar library acquisition includes over 1,000 titles.

What does the success of The Temptations miniseries indicate for CSSE's future programming strategy?

The success of The Temptations miniseries indicates a promising future for CSSE's programming strategy, particularly in leveraging the acquired content to increase viewership on Crackle.

Chicken Soup for the Soul Entertainment, Inc.

NASDAQ:CSSE

CSSE Rankings

CSSE Latest News

CSSE Stock Data

3.42M
24.80M
20.61%
8.31%
1.93%
Entertainment
Services-allied to Motion Picture Production
Link
United States of America
COS COB