COS COB, Connecticut, August 18, 2021 (GLOBE NEWSWIRE) – Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEN), one of the largest operators of advertising-supported video-on-demand streaming (“AVOD”) Networks, today announced the date to pay their announced regular monthly dividend of $ 0.2031 per share of their 9.75% cumulatively redeemable September Series A perpetual preferred stock. The dividend will be payable on September 15, 2021 to the holders of record as of August 31, 2021. The dividend is paid in cash.
ABOUT CHICKEN SOUP FOR SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”) operates streaming video-on-demand (VOD) networks. The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix. The company also purchases and distributes video content through its subsidiary Screen Media and produces long and short original content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. 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 foods under the brand name Chicken Soup for the Soul.
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 mentioned in this press release, and management’s current expectations 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 profit and margin, seasonality, liquidity, including cash flows from operating activities, funds available and access to funding sources, free cash flows, sales, 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 senior executives, key employees or directors, the ability to protect intellectual property, real estate, the ability to complete strategic acquisitions, the ability to manage growth and integrate acquired activities, the ability to pay dividends, regulatory or operational risks and general market conditions that drive demand for d Influence 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 year ended December 31, 2020, filed with the SEC on the 31st acquisition of the Sonar Library and Associated Assets, see our latest Reports on Form 8-K, as amended, filed with the SEC on May 27, 2021 and July 1, 2021. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results contained in these forward-looking statements. These forward-looking statements speak for date only, and the company expressly disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in company expectations with respect thereto or changes in events, conditions or circumstances on which a statement is based.
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