Chicken Soup for the Soul Preferred 9.75% Perpetual A (CSSPQ)

Overview

Chicken Soup for the Soul Entertainment, Inc. was established in 1993 and has its headquarters in Cos Cob, Connecticut. It functions as an advertising-supported video-on-demand (VOD) company, offering services both in the United States and internationally. The company has built a diverse portfolio of ad-supported and subscription-based VOD networks like Redbox, Crackle, and Popcornflix, among others. In addition to its VOD services, it also engages in the creation, acquisition, and distribution of movies and TV series. Its operations extend across various platforms including theatrical releases, home video, and various television and on-demand services. Despite its expansive operations, the company filed for Chapter 11 reorganization on June 28, 2024, in the U.S. Bankruptcy Court for the District of Delaware, which was later converted to Chapter 7 liquidation on July 10, 2024. Chicken Soup for the Soul Entertainment, Inc. operates as a subsidiary of Chicken Soup for the Soul, LLC.

Products and Services

• Ad-Supported and Subscription-Based VOD Networks:

  The company owns and operates a range of VOD networks including Crackle (a general entertainment site), Popcornflix and its variations for kids and comedy, FrightPix (horror-themed content), Truli (family-friendly content), and Españolflix (Spanish language content). Each network caters to different viewer preferences, providing a wide array of content across genres.

• Pivotshare:

  A subscription VOD platform that allows creators to monetize their content directly through subscriptions, rentals, purchases, and tips. This platform supports a variety of creators, from independent filmmakers to larger production companies.

• Redbox Free Live TV and TVOD Service:

  Aside from VOD networks, the company provides a free ad-supported streaming television (FAST) service with multiple channels, encompassing the Redbox brand. It also includes a transactional video-on-demand (TVOD) service, allowing users to rent or purchase the latest movie releases.

• Network of DVD Rental Kiosks:

  Operates a widespread network of Redbox kiosks across the United States, enabling consumers to rent DVDs, Blu-rays, and video game discs through a self-service vending model.

• Content Creation, Acquisition, and Distribution:

  The company engages in the development and distribution of films and TV series, covering various aspects of media production. This includes acquiring content rights and licensing them for distribution through multiple channels such as theaters, home video, pay and free television, and a variety of on-demand services.