Chicken Soup for the Soul Entertainment Announces Regular Monthly October Dividend Schedule for Series A Cumulative Redeemable Perpetual Preferred Shares
COS COB, Connecticut, September 16, 2022–(BUSINESS WIRE)–Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE, CSSEP, CSSEL, CSSEN), one of the largest operators of ad-supported video-on-demand (AVOD) streaming services, announced today’s schedule for the payment of its declared regular monthly dividend of $0.2031 per share of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Shares for October 2022. The dividend will be payable on October 15, 2022 to holders recorded as of September 30, 2022. The dividend will be paid in cash.
ABOUT CHICKEN SOUP FOR SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates video-on-demand (VOD) streaming services. The company owns Crackle Plus, which owns and operates a variety of ad-supported VOD streaming services, including Crackle, Chicken Soup for the Soul, and Popcornflix. The company also acquires and distributes video content through its subsidiaries Screen Media and 1091 Pictures and produces original video content through Chicken Soup for the Soul Television Group. The company recently acquired Redbox, which operates a fast-growing digital streaming service that provides both ad-supported (AVOD) and paid movies from Hollywood studios and hundreds of content partners, as well as more than 145 free ad-supported streaming TV channels (FAST). . Redbox also operates its popular kiosks across the United States in thousands of outlets, providing consumers with affordable access to the latest in entertainment. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the popular book series and produces premium pet food under the Chicken Soup for the Soul brand.
This press release contains 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 management’s current expectations and are not predictions of actual performance. These assumptions involve a number of known and unknown risks and uncertainties, including, but not limited to, our primary strategy, our operating profit and margin, seasonality, liquidity, including operating cash, available funds and access to funding sources, free cash flow, revenues, net income, profitability, stock price volatility, future regulatory changes, price changes, the ability of the Company’s content offerings to gain market acceptance, the Company’s success in retaining or recruiting officers, key employees or directors, the ability to protect intellectual property, the ability to make strategic acquisitions, the ability to manage growth and integrate acquired businesses, the ability to pay dividends, regulatory or operational risks and the conditions general market conditions affecting demand for the Company’s services. For a more complete description of these and other risks and uncertainties, please see the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 31, 2022. and, with respect to the recent acquisition of Redbox Entertainment, Inc. (“Redbox”), the company’s registration statement on Form S-4 declared effective by the SEC on July 15, 2022. If any of these risks materialize or if our assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking statements contained in this press release. Information regarding the Redbox acquisition and related transactions is qualified by reference to the company’s current reports on Form 8-K filed with the SEC on May 11, 2022 (as amended on May 12, 2022), June 6, 2022 and August 12, 2022, and all exhibits filed relating to such reports and the aforementioned registration statement. The forward-looking statements contained in this press release speak only as of the date hereof, and the Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any changes in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
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Chicken soup for the entertainment of the soul
Chicken Soup for Soul Entertainment Company