Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) today announced an agreement to expand its international reach across free, ad-supported streaming TV (FAST) and ad-supported video on demand (AVOD). bottom. The deal will further fuel growth across Asia, with hit series, movies and Lionel Messi: The Greatest, BTS: Global Takeover, Adele: Homecoming, etc. The two companies plan to launch additional His FAST channels and license AVOD rights in 2023.
“One of our areas of focus for 2023 is expanding the availability of our content globally and monetizing it in every possible way,” said Chief Strategy Officer of Chicken Soup for the Soul Entertainment. Elana Sofko, author, said: “We always seek to work with well-known media companies that are already successful in the markets we are trying to enter. I am confident that we can continue.”
Andy Kaplan, co-founder and chairman of KC Global Media, said: Chicken Soup for the Soul Entertainment is one of the biggest content providers he has. This strategic partnership will enable us to offer more value to our regional partners and affiliates. This allows us to reach out to new audiences, new geographies and create more opportunities around the world by continuing to grow our business with our affiliates and streaming platform. ”
This strategic agreement strengthens the international presence of Chicken Soup for the Soul Entertainment by joining KC Global Media’s extensive portfolio in Asia. This is made possible by his AVOD licensing with a wide range of content across multi-genres and the launch of his FAST channel in Asia. Crackle and Redbox, the streaming services of Chicken Soup for the Soul Entertainment, one of the largest AVOD companies in the US, currently have over 160 streaming services on platforms such as Amazon Fire TV, RokuTV, Apple TV and Smart TV (Samsung, LG). Delivered through touchpoints. , VIZIO), game consoles (PS4 and Xbox One), iOS, Android mobile devices, desktops crackle.com and Redbox.com.
About KC Global Media
KC Global Media Entertainment LLC is a global multimedia company based in the United States. The brainchild of former Sony executives Andy Kaplan and George Cheng, KC Global Media Asia (KCGM Asia) is Asia’s leading entertainment hub through the production, distribution and programming of high quality, groundbreaking content. . Backed by over 20 years of industry experience, KCGM Asia has an impressive portfolio of premium pay-TV channels in Southeast Asia and South Korea, including English-language general entertainment network AXN, anime channel Animax, South Korea’s ONE, and Japanese entertainment channels. Proud. jewelry. Combining award-winning and beloved entertainment formats with extensive knowledge and insight into the Asia Pacific market, KCGM Asia is paving the way for new standards in entertainment in Asia and beyond.
Facebook: @KC Global Media | | Instagram: @KC Global Media Asia | | LinkedIn: @KC Global Media Asia
About Seoul Entertainment’s Chicken Soup
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) delivers premium content to value-conscious consumers. The company is one of the largest ad-supported video-on-demand (AVOD) companies in the United States, with his three flagship AVOD streaming services: Redbox, Crackle and Chicken Soup for the Soul. Additionally, the company runs his Redbox Free Live TV. It is a free, ad-supported streaming TV service (FAST) with over 160 channels and a transactional video on demand (TVOD) service, operating a network of approximately 34,000 kiosks nationwide. About DVD rental To provide audiences with original and exclusive content, the company produces, acquires and distributes movies and TV series through Screen Media and Chicken Soup, subsidiaries of Soul TV Group. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC. It publishes a well-known book series and manufactures ultra-premium pet food under the brand name Chicken Soup for the Soul.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions and management’s current expectations, whether or not identified in this press release, and are not projections of actual performance. Such assumptions include core strategy, operating income and margins, seasonality, liquidity, including cash flow from operations, available cash, access to funding sources, free cash flow, earnings, net income, profitability, share price volatility, future regulatory changes, price changes, market acceptance of our content offerings, our success in retaining or recruiting officers, key employees, or directors; intellectual property; our ability to protect our assets, our ability to complete strategic acquisitions, our ability to manage growth and integrate acquired businesses, our ability to pay dividends, regulatory or operational risks, and the general impact on demand for our services. market conditions. For more information on these and other risks and uncertainties, see Item 1A (Risk Factors) in the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2022. please. SEC on November 14, 2022. Should any of these risks materialize or our assumptions prove incorrect, actual results may differ materially from those implied by the forward-looking statements contained in this press release. there is. Information regarding the acquisition of Redbox and related transactions can be found in Form 8-1 filed with the SEC on May 11, 2022 (amended May 12, 2022), June 6, 2022, and August 12, 2022. Qualified by reference to K Company’s current reports. , and November 14, 2022, and all evidence filed with respect to such report and the aforementioned registration statement. The forward-looking statements contained in this press release speak only as of the date of this press release, and we reserve the right to update the forward-looking statements contained in this press release to reflect changes in our expectations. We expressly disclaim any obligation or commitment to publicly release any updates or corrections to the statements. with respect to the events, circumstances, or changes in circumstances on which those statements are based;
View source version businesswire.com: https://www.businesswire.com/news/home/20230228006236/en/
chicken soup for soul entertainment
(press)
Peter Binazeski
chicken soup for soul entertainment
pbinazeski@chickensoupforthesoul.com
(PR activities for investors)
Zaia Lawandou
chicken soup for soul entertainment
zlawandow@chickensoupforthesoul.com
KC Global Media Entertainment
Marvin Poe
manager, PR and communications
marvin.poh@kcglobalmedia.com
Shane Lee
Vice President and Head of Marketing and Communications
shane.lee@kcglobalmedia.com
Source: Chicken Soup from Seoul Entertainment Co., Ltd.
