Chicken Soup for the Soul Entertainment, Inc. Stock Price, News & Analysis

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) announced that the disaster film Skyfire will be available exclusively on Crackle starting August 1, 2021. The film, directed by Simon West, features a notable cast and achieved box office success in China. This release is part of Crackle's strategy to enhance its streaming offering with original and exclusive content. Currently, Crackle Plus networks are expanding their reach across various platforms, targeting a total of 64 distribution points.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced a major deal with Millennium Media to finance and produce at least 15 films over three years. Screen Media will distribute a minimum of five films annually from Millennium Media. The first film, The Enforcer, featuring stars like Antonio Banderas, is set for a 2022 release. This partnership enhances Screen Media's position in independent film distribution, following successes like The Outpost and Till Death. The collaboration aims to leverage multiple distribution channels, driving viewership and revenue.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced the payment details for its regular dividend of $0.2031 per share on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividends will be disbursed in cash on August 16, 2021, to shareholders on record by July 31, 2021. The company operates streaming video-on-demand networks and is a significant player in the advertising-supported media space.

Crackle has launched the original reality drama series Riding Phat, which premiered on July 15, 2021, showcasing PHAT Scooters and its entrepreneurial journey. The series features celebrities like Dominique Wilkins, Michael Waltrip, and Tedy Bruschi, focusing on the challenges of startup life in the luxury scooter market. PHAT Scooters aims to reinvent the scooter market by appealing to athletes and urban commuters. The show highlights the brand's efforts to adapt and thrive amid pandemic uncertainties, promoting an active lifestyle and celebrity involvement.

Chicken Soup for the Soul Entertainment has acquired the international trademarks for Crackle from CPE Holdings (Sony Pictures), expanding its reach across more than 50 countries including Australia, Asia, Europe, and South America. This strategic move allows the company to offer its AVOD networks globally, joining its existing ownership of Popcornflix and Chicken Soup for the Soul trademarks. CEO William J. Rouhana Jr. stated that discussions are underway with international broadcasters to leverage this expansion.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the acquisition of U.S. rights to the comedy Best Sellers by Screen Media. Starring Michael Caine and Aubrey Plaza, the film will release theatrically and on-demand in September 2021. Directed by Lina Roessler, it follows an ambitious editor and a bitter author on a book tour. The project secured funding from various partners, including Telefilm Canada, and features a strong supporting cast. This acquisition expands CSSE's content offerings, enhancing its portfolio in the competitive AVOD market.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has launched a Popcornflix FAST channel on Redbox’s Free Live TV, allowing viewers access to a large library of action and adventure films, including titles like The Girl With the Dragon Tattoo and Crackle originals.

Redbox aims to enhance viewer experience by offering a diverse range of content, with Popcornflix adding to its existing lineup. The Crackle Plus networks continue to expand across multiple platforms, promising to deliver fresh content monthly.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has launched three new streaming channels on VIZIO SmartCast: Crackle Spotlight, Crackle Classics, and Truli. This agreement adds over 10,000 titles from Crackle Plus's library, enhancing VIZIO's content offering. The partnership aims to deliver original programming and classic shows, expanding both Crackle's reach and advertising opportunities. This move aligns with Crackle Plus's ongoing expansion strategy to distribute content across multiple platforms, including Smart TVs and mobile devices, while increasing its audience and advertising revenue potential.

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced new content for its streaming platform Crackle, featuring a mix of Hollywood blockbusters and original productions. The service is expanding its reach to 64 platforms, including major devices like Amazon FireTV and Roku. Notable releases include the exclusive film The Platform and original series Riding Phat. Celebrating summer, Crackle introduces themed channels such as Big Stars and Blockbuster Movies and Summer of Romance, set to enhance the viewer experience and engagement.