A number of directors are pursuing litigation against the digital indie film distributor 1091 Pictures for failing to make promised revenue-sharing payments after selling their films to the platform, now owned by Chicken Soup for the Soul Entertainment. Helmers are scrambling to reclaim distribution rights to their work out of fear that 1091 Pictures’ parent company could declare bankruptcy.
Filmmakers say they are owed their share of distribution revenue from licensing deals with 1091 but Chicken Soup for the Soul Entertainment has not come through with payments. Some have taken the company to court, including small-claims court, to press their cases.
Chicken Soup for the Soul Entertainment acknowledges that the company, which also owns Redbox and Crackle, has faced “cash flow issues,” as CEO Bill Rouhana told Variety. The company already disclosed that it was unable to file its third-quarter earnings information on time.
“The company has been working to address cash...
Filmmakers say they are owed their share of distribution revenue from licensing deals with 1091 but Chicken Soup for the Soul Entertainment has not come through with payments. Some have taken the company to court, including small-claims court, to press their cases.
Chicken Soup for the Soul Entertainment acknowledges that the company, which also owns Redbox and Crackle, has faced “cash flow issues,” as CEO Bill Rouhana told Variety. The company already disclosed that it was unable to file its third-quarter earnings information on time.
“The company has been working to address cash...
- 12/20/2023
- by Addie Morfoot
- Variety Film + TV
Chicken Soup for the Soul, the parent company of Crackle and other streaming platforms, has reached an agreement to acquire production-distribution outfit 1091 Pictures for $15.6 million.
The pact calls for Chicken Soup to acquire the New York-based company for $8 million in cash and the rest in stock. The deal brings to Chicken Soup a library of movies and TV series as well as its own streaming distribution platforms.
Chicken Soup plans to merge 1091 Pictures assets with its Screen Vision division to enhance both companies’ ability to provides on-demand distribution options for independent filmmakers.
“The 1091 Pictures team transformed their large content library into a scalable, modern distribution platform with a compelling slate of channels that are a pragmatic addition to our existing assets,” said David Fannon, president of Screen Media Ventures. “There are great synergies between our two companies. Over time, joining 1091 Pictures’ acquisition and distribution team with Screen Media’s team,...
The pact calls for Chicken Soup to acquire the New York-based company for $8 million in cash and the rest in stock. The deal brings to Chicken Soup a library of movies and TV series as well as its own streaming distribution platforms.
Chicken Soup plans to merge 1091 Pictures assets with its Screen Vision division to enhance both companies’ ability to provides on-demand distribution options for independent filmmakers.
“The 1091 Pictures team transformed their large content library into a scalable, modern distribution platform with a compelling slate of channels that are a pragmatic addition to our existing assets,” said David Fannon, president of Screen Media Ventures. “There are great synergies between our two companies. Over time, joining 1091 Pictures’ acquisition and distribution team with Screen Media’s team,...
- 3/2/2022
- by Cynthia Littleton
- Variety Film + TV
Indie film and series distributor 1091 Media, which recently renamed itself as Streamwise, hired another key exec for its forthcoming business-to-business analytics platform for content owners: Doug Shineman, an alum of Roku and The Orchard, who has joined the company as chief revenue officer.
As Cro at Streamwise, L.A.-based Shineman leads teams responsible for revenue generation, including all dealmaking, strategy and marketing for the business, while holding a dual role as chief revenue officer for 1091 Pictures.
The company was formed last year, after principals Danny Stein and Joe Samberg acquired the Orchard Film Group from Sony Music Entertainment and redubbed it 1091. Last month, it announced Streamwise (streamwisely.com) as its new name, with plans to launch a “platform for premium content owners designed to maximize audience, monetization, and intelligence in the streaming economy” in December 2019 for clients of 1091 Pictures. Streamwise’s chief technology officer is Simon Zhu, founder/CEO of BitMovio,...
As Cro at Streamwise, L.A.-based Shineman leads teams responsible for revenue generation, including all dealmaking, strategy and marketing for the business, while holding a dual role as chief revenue officer for 1091 Pictures.
The company was formed last year, after principals Danny Stein and Joe Samberg acquired the Orchard Film Group from Sony Music Entertainment and redubbed it 1091. Last month, it announced Streamwise (streamwisely.com) as its new name, with plans to launch a “platform for premium content owners designed to maximize audience, monetization, and intelligence in the streaming economy” in December 2019 for clients of 1091 Pictures. Streamwise’s chief technology officer is Simon Zhu, founder/CEO of BitMovio,...
- 8/12/2020
- by Todd Spangler
- Variety Film + TV
Exclusive: 1091 Media, which succeeded The Orchard in a 2019 rebrand, is going through another transformation, renaming its holding company as Streamwise.
The new name is an indication of the company’s new strategic direction toward streaming, but its film and TV distribution business isn’t going anywhere and will now operate under the 1091 Pictures banner. The company has also named Simon Zhu as its chief technology officer. Zhu was founder and CEO of blockchain-enabled entertainment tech company BitMovio, which 1091 recently acquired.
Zhu will oversee the ramp-up of a new Streamwise-branded platform that will be an engine for 1091 Pictures. Pressed for details about the offering, executives declined to offer much, though they confirmed that direct-to-consumer subscription streaming is not in the forecast. Instead, the focus will be on providing distributors, production companies and filmmakers with insights and consolidated financial information for their releases. A private beta of the platform is slated to begin in December,...
The new name is an indication of the company’s new strategic direction toward streaming, but its film and TV distribution business isn’t going anywhere and will now operate under the 1091 Pictures banner. The company has also named Simon Zhu as its chief technology officer. Zhu was founder and CEO of blockchain-enabled entertainment tech company BitMovio, which 1091 recently acquired.
Zhu will oversee the ramp-up of a new Streamwise-branded platform that will be an engine for 1091 Pictures. Pressed for details about the offering, executives declined to offer much, though they confirmed that direct-to-consumer subscription streaming is not in the forecast. Instead, the focus will be on providing distributors, production companies and filmmakers with insights and consolidated financial information for their releases. A private beta of the platform is slated to begin in December,...
- 7/21/2020
- by Dade Hayes
- Deadline Film + TV
“Halston,” a look at the famous American fashion designer, has sold theatrical distribution and home entertainment rights to the studio formerly known as The Orchard Film Group. The deal comes following its premiere at the Sundance Film Festival on Saturday.
It’s the first major purchase for the indie label since it announced this week that it had a deal in place to be sold to 1091 Media, an investment group run by Danny Stein and Joe Samberg, who previously oversaw The Orchard’s push into releasing films. The Orchard is divesting from movies to concentrate on its core music business. The film group will be renamed.
“Halston,” an intimate look at a man who rose to the top of the world of haute couture with his minimalist aesthetic, was produced by CNN Films, which will retain all North American broadcast rights. It was directed by Frédéric Tcheng. The Orchard previously...
It’s the first major purchase for the indie label since it announced this week that it had a deal in place to be sold to 1091 Media, an investment group run by Danny Stein and Joe Samberg, who previously oversaw The Orchard’s push into releasing films. The Orchard is divesting from movies to concentrate on its core music business. The film group will be renamed.
“Halston,” an intimate look at a man who rose to the top of the world of haute couture with his minimalist aesthetic, was produced by CNN Films, which will retain all North American broadcast rights. It was directed by Frédéric Tcheng. The Orchard previously...
- 1/27/2019
- by Brent Lang and Ramin Setoodeh
- Variety Film + TV
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