Chicken Soup for the Soul Entertainment, Inc. 9.50% Notes due 2025 - CSSEN STOCK NEWS

Chicken Soup for the Soul Entertainment reported Q1 2021 net revenue of $23.2 million, a 75% increase year-over-year, driven by original content and advertising sales. The company experienced a net loss of $9.2 million, which improved from $11.4 million in Q1 2020. Adjusted EBITDA grew by 124% to $4.6 million. Notable achievements include a record viewership on Crackle Plus and the acquisition of Sonar Entertainment assets, adding substantial IP rights to the company’s content library. The company has $24.6 million in cash on hand as of March 31, 2021.

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) reported a 75% year-over-year net revenue growth for Q1 2021, achieving $23.2 million in net revenue, up from $13.2 million in Q1 2020. The company improved its Adjusted EBITDA to $4.6 million, a 124% increase from the previous year. Despite a net loss of $9.2 million, it is an improvement compared to last year's loss of $11.4 million. The acquisition of Sonar Entertainment's assets and the launch of new AVOD networks are pivotal for their growth strategy in 2021.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced its participation in the Needham Technology & Media Virtual Conference from May 17-20, 2021. CEO Bill Rouhana will host virtual one-on-one and small group meetings, alongside a fireside chat scheduled for May 17 at 3:45 p.m. ET. The company operates various AVOD networks, including Crackle and Popcornflix, and engages in video content distribution and production through its subsidiaries. For further inquiries, contact Taylor Krafchik at Ellipsis.

Crackle Plus, part of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has announced five brand partnerships for season two of the original series Going From Broke, premiering on May 20, 2021. The series aims to help cast members manage debt, featuring partners like Airbnb, Incfile, Roommates.com, and Smart Job Search. Each episode will provide tools and advice to help participants improve their financial situations. The first season received over 18 million streams, indicating strong viewer interest.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of international rights to a substantial portion of the Moonstone Entertainment Library through a 10-year exclusive deal. This acquisition includes 47 titles from acclaimed creators such as Noah Baumbach and Timothy Hutton. The deal is expected to enhance Screen Media's catalog and leverage its distribution capabilities. Screen Media, part of Chicken Soup for the Soul Entertainment, aims to market these titles immediately, continuing a long-standing partnership with Moonstone Entertainment.

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) announced the upcoming second season of the award-winning show Going From Broke, premiering May 20, 2021, on Crackle. This season features financial experts and notable guests like Ashton Kutcher and Brian Chesky, focusing on solutions for the nationwide student debt crisis. The show aims to help individuals with significant debt challenges, reflecting a growing concern in the U.S. about student loans. The first season achieved over 18 million streams, highlighting the program's popularity.

Screen Media, a subsidiary of Chicken Soup for the Soul Entertainment (CSSE), has acquired North American and European rights to the docu-series Promiseland, highlighting NBA star Ja Morant's rookie season. The series, created by Dexton Deboree, premieres on Crackle on June 3, 2021. It showcases Morant's rise from obscurity to NBA Rookie of the Year amidst challenges such as the global pandemic and social justice movements. Featuring notable guest appearances and an original soundtrack, Promiseland aims to inspire audiences while enhancing Crackle's original content offerings.

Screen Media, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), has acquired all U.S. rights to Till Death, a suspense-thriller starring Megan Fox. This marks Fox's return to genre roles since Jennifer’s Body. The film, directed by S.K. Dale, features co-stars like Callan Mulvey and Aml Ameen. The movie will be released theatrically and on demand this summer. This acquisition continues the successful collaboration between Screen Media and Millennium Media, previously seen with The Outpost and Blackbird.

Crackle Plus, part of Chicken Soup for the Soul Entertainment (CSSE), announced a new slate of original programming at the NewFronts presentation. This includes upcoming docu-series like ‘Promiseland’ featuring Ja Morant and ‘Vince Carter: Legacy’. The company is set to launch a Chicken Soup for the Soul AVOD network in Fall 2021, expanding its streaming reach. Additionally, Crackle Plus has doubled its content offerings and signed an agreement to acquire Sonar Entertainment's extensive library, enhancing its original television content and international presence.