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Chicken Soup for the Soul Entertainment Announces October Regular Monthly Dividend Timing for Series A Cumulative Redeemable Perpetual Preferred Stock

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COS COB, Connecticut–(business wire)–Chicken Soup of Seoul Entertainment (Nasdaq: CSSE, CSSEP, CSSEL, CSSEN), one of the largest operators of ad-supported video-on-demand (AVOD) streaming services, today announced Declared regular monthly dividend payment of $0.2031 per share of 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock in October 2022. Dividends will be paid out on October 15, 2022 to record holders as of September 30, 2022. Dividends are paid in cash.

About chicken soup for soul entertainment

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates a video-on-demand streaming service (VOD). The company owns his Crackle Plus and owns and operates various ad-supported VOD streaming services, including Crackle, Chicken Soup for the Soul, and Popcornflix. The company also acquires and distributes video content through its subsidiaries Screen Media and 1091 Pictures, and produces original video content through Soul Television Group’s Chicken Soup. The company recently acquired Redbox, a fast-growing digital streaming service that offers both ad-supported (AVOD) and pay-per-view movies from Hollywood studios and hundreds of content partners. Redbox also operates popular kiosks in thousands of retail stores nationwide, giving consumers affordable access to the latest entertainment. 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 31, 2022. please. The recent acquisition of Redbox Entertainment, Inc. (“Redbox”) is our registration statement on Form S-4 declared effective by the SEC on July 15, 2022. If any of these risks materialize or our assumptions prove incorrect, actual results may differ. materially from the results implied by the forward-looking statements contained in this press release; Information regarding the acquisition of Redbox and related transactions can be found in Form 8-K filed with the SEC on May 11, 2022 (amended May 12, 2022), June 6, 2022, and August 12, 2022. Limited by reference to the company’s current reports. 2022, and all evidence filed with respect to such reports and the aforementioned registration statements. 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;