NEW YORK, N.Y.
Crackle Plus, a Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) company and one of the largest operators of streaming advertising-supported video-on- demand (AVOD) streaming services, announced today an agreement to launch five FAST channels on the TCL Channel free streaming platform in the United States. Crackle Plus FAST channels include Crackle, Crackle Classics, its newly launched Chicken Soup for the Soul FAST channel, action-fueled network Popcornflix and Truli, its faith and family streaming service.
TCL’s viewers will gain access to the expansive Crackle Plus library that entertains a global audience with original and exclusive programming from Crackle, including the series Taboo and the feature film The Mercy; Crackle Classics’ film and TV series such as Laurel and Hardy and Little Rascals libraries; adventure and action-packed shows from Popcornflix such as the feature Godzilla: King of the Monsters (1956) and the two-part limited series Jules Verne’s Mysterious Island; an extensive collection of female- led shows from Chicken Soup for the Soul including Smart Home Nation and Mothers and Daughters; and family-friendly and faith-based content from Truli such as the critically acclaimed Bible series The Chosen.
“We’re thrilled to bring our constantly evolving library of content to TCL viewers since across all five of these different services; there is sure to be something to satisfy everyone,” said the president of Crackle Plus, Philippe Guelton. “Enlarging our distribution with TCL also reflects our determination to provide consumers with the best free entertainment with the support of our advertising partners who will be exposed to a completely fresh audience.”
“Crackle is a respected brand in the streaming entertainment industry, and we are thrilled to be adding their five channels to TCL’s robust lineup,” said Rebecca Wan of FFalcon. “TCL is committed to the free streaming space, and we continue to provide value to our audience by partnering with stellar brands like Crackle to deliver our customers top-shelf free content.”
Crackle Plus’ recent releases include the popular sketch comedy series Funny Girls, the hit college thriller series In the Vault, the exclusive scripted series Les Norton, which stars Alexander Bertram and Rebel Wilson, Inside the Black Box, hosted by Joe Morton, and the award-winning BBC series Sherlock, starring Benedict Cumberbatch and Martin Freeman. Crackle Plus also recently announced season three of the award-winning series Going From Broke.
ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) (the “Company”) 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, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The Company also acquires and distributes video content through its Screen Media and 1091 Pictures subsidiaries and produces original video content through the Chicken Soup for the Soul Television Group. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super- premium pet food under the Chicken Soup for the Soul brand name.
This press release includes 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 on the current expectations of management and are not predictions of actual performance. Such assumptions involve a number of known and unknown risks and uncertainties, including but not limited to our core strategy, operating income and margin, seasonality, liquidity, including cash flows from operations, available funds, and access to financing sources, free cash flows, revenues, net income, profitability, stock price volatility, future regulatory changes, price changes, the ability of the Company’s content offerings to achieve market acceptance, the Company’s success in retaining or recruiting officers, key employees, or directors, the ability to protect intellectual property, the ability to complete strategic acquisitions, the ability to manage growth and integrate acquired operations, the ability to pay dividends, regulatory or operational risks, and general market conditions impacting demand for the Company’s services. For a more complete description of these and other risks and uncertainties, please refer the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 31, 2022, and the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 11, 2022. On May 10, 2022, the Company entered into a merger agreement to acquire Redbox Entertainment, Inc. We refer you to the presentation filed as Exhibit 99.2 under cover of a Current Report on Form 8-K filed by the Company with the SEC on May 22, 2022 for information regarding the proposed business acquisition transaction. If the proposed business acquisition is consummated, in addition to the risks noted above, we also face the risks detailed in Redbox’s Annual Report on Form 10-K for the year ended December 31, 2021. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.