Chicken Soup for the Soul Entertainment, Inc. Series A Cumulative Redeemable Perpetual Preferred Stock - CSSEP STOCK NEWS

Screen Media Ventures, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), reported a successful opening weekend for the horror thriller Willy’s Wonderland, starring Nicolas Cage. The film achieved an 80% audience score on Rotten Tomatoes and generated tens of millions of impressions for its trailer. The company anticipates continued revenue growth and increased Adjusted EBITDA in Q1 2021. Additionally, Screen Media plans to increase theatrical screenings of the film by 50% for next weekend.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced a monthly dividend payment of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on March 15, 2021. The record date for shareholders to receive this payment is February 28, 2021. This dividend demonstrates the company's commitment to returning value to its shareholders while supporting its operations in the streaming video-on-demand sector.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced production for Season 2 of its original series, Going From Broke, executive produced by Ashton Kutcher and hosted by Chegg CEO Dan Rosensweig. The season will premiere ‘real-time’ episodes on Crackle starting in March, with full episodes airing in May. This season highlights the financial burdens faced by over 44 million Americans in the wake of COVID-19, aiming to empower viewers to overcome their struggles. The series will include six new cast members and encourage audience engagement via social media.

Crackle App Launch Announcement

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has partnered with VIDAA to launch the Crackle app on VIDAA-powered Smart TVs, including Hisense and Toshiba models. This collaboration will provide VIDAA customers in the U.S. access to Crackle’s diverse library of content, including original series and popular films. VIDAA’s platform has achieved over 20 million installations since its launch in 2014, enhancing the viewing experience by combining live TV and streaming apps.

Screen Media Ventures, a subsidiary of Chicken Soup for the Soul Entertainment (Nasdaq: CSSE), announced that the trailer for the horror film Willy’s Wonderland, starring Nicolas Cage, has achieved over 15 million impressions on social media and YouTube in just over a week. This milestone marks the most impressions in the company's history. Scheduled for a February 12, 2021 release, the film involves a janitor battling possessed animatronic mascots in an abandoned fun center. The film has already secured distribution in key international markets.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced its February content lineup for Crackle, including popular titles such as Flavor of Love and War of the Worlds. The network expands its offerings with new original programs like Bucket List and Sew the Winter to My Skin. Additionally, themed channels such as Football Channel, Black Entertainment Channel, and others feature films to celebrate various events. Crackle is accessible across multiple platforms, including major streaming devices, and in 500,000 Marriott hotel rooms.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced its Screen Media subsidiary's acquisition of worldwide distribution rights for the comedy Senior Moment. The film, starring William Shatner and Jean Smart, is set for a March release in theaters and on demand. Directed by Giorgio Serafini, the movie tells the story of Victor Martin, a retired NASA test pilot navigating love and life after losing his driver's license. The deal was negotiated by Seth Needle for Screen Media and Endeavor Content on behalf of Goff Productions.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has successfully closed a private placement of $22.5 million, selling 1,022,727 shares of common stock at a price of $22.00 per share. The transaction involved institutional and accredited investors. The company plans to file a registration statement with the SEC to facilitate the resale of these shares. Craig-Hallum Capital Group LLC acted as the exclusive placement agent, and the securities sold have not been registered under the Securities Act.

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEN) announced a monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend will be payable on February 15, 2021 to shareholders on record as of January 31, 2021. This reflects the company's ongoing commitment to returning value to its investors while operating its streaming video-on-demand networks, including Crackle Plus and Screen Media.