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Chicken Soup For The Soul Entertainment Announces Screen Media’S Acquisition Of Worldwide Rights To Fast Charlie

Nov 02, 2021•about 4 years ago

Acquiring Company

Chicken Soup For The Soul Entertainment

Acquired Company

Rights

Media And EntertainmentOtherContent And Publishing

Description

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced Screen Media’s acquisition of worldwide rights to the upcoming hitman thriller Fast Charlie starring Pierce Brosnan and directed by Phillip Noyce (Salt, Clear & Present Danger).

Company Information

Company

Chicken Soup For The Soul Entertainment

About

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand networks (VOD). 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 acquires and distributes video content through its Screen Media subsidiary and produces original long and short-form 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 food under the Chicken Soup for the Soul brand name.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed