Sign up to SCR Digest, our FREE weekly newsletter, and receive our Notes emailed directly to you.
Email Address *
First Name
Mailing Lists *

CSSE: Chicken Soup For the Soul Entertainment is on Track to Reach its Goals for 2018

By Lisa Thompson



While still being heavily back-end weighted, it appears that Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) is still on track to reach its goals for 2018. On November 8, 2018, CSSE announced that the Boniuk Foundation will sponsor a fourth season of its series Chicken Soup for the Soul's Hidden Heroes. The show is already in production and expects it to be completed by the end of 2018, and aired in 2019. The season will consist of 12 original episodes and three 'best-of' episodes each 30 minutes in length. With this series the company will reach 47 out of the 60 half-hour equivalents of TV episodes and short-form videos that it expects to book as revenue in 2018.

In addition to this series the company expects to announce four more new shows, one of which is already in production and has a sponsor but has not yet been announced. Of the other three, two have sponsors who have not yet signed off on the deal, and one is still looking for a sponsor.

View Exhibit I

In July, CSSE announced the production launch of its new series The Fixer, a show that teaches millennials how to deal with personal finances. It is being executive produced by actor and investor Ashton Kutcher. Their sponsors are Acorns,, Adobe, and Chegg; it is CSSE’s first series to have multiple major sponsors. In another first, two of these sponsors are also portfolio companies Kutcher’s venture fund, Sound Ventures. The series will consist of ten 30-minute episodes. Dan Rosensweig, CEO of Chegg (CHGG), will be the host. Chegg is an education technology company based in Santa Clara, California, that started in online textbook rentals, and has moved into homework help, online tutoring, scholarships, and internship matching. This show is in production.

View Exhibit II

On Oct. 25, 2018, Chicken Soup for the Soul Entertainment acquired the assets of Truli Media Corp. is a family-friendly and faith-based online video channel. This acquisition includes 2,500 hours of programming and brings CSS Entertainment an additional 630,000 Facebook fans. Including Truli’s content, CSSE’s content library is now over 35,000 hours of programming. Truli’s content fits well with the Chicken Soup for the Soup brand and includes film, television, music videos, sports, comedy and educational material. Truli will remain a separate ad-supported video-on-demand channel, however some of the Truli content will be added on its Popcornflix Kids channel. In addition, a Truli-branded subscription channel (SVOD) will be created using Pivotshare’s platform.

Q3 Earnings

We expect Q3 2018 revenues of $6.9 million compared with no revenue a year ago, before Screen Media was bought. Earnings will be announced on November 19th with a conference call at 4:30PM EST.

SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR. 

DISCLOSURE: Zacks SCR has received compensation from the issuer directly or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks provides and Zacks receives quarterly payments totaling a maximum fee of $30,000 annually for these services. Full Disclaimer HERE.
User ID:
Remember my ID: