Chicken Soup for the Soul Entertainment, which operates Crackle and other ad-supported video on demand channels, on Tuesday announced plans to acquire the assets of 1091 Media to nearly double its content library.
The $15.6 million deal includes roughly 4,000 hours of film and TV series, including the acclaimed docs “The Last Blockbuster,” “Linda Ronstadt: The Sound of My Voice” and Taika Waititi’s breakout indie film “Hunt for the Wilderpeople.”
Chicken Soup for the Soul is funding the deal with $8 million in cash, $2 million in newly issued Series A stock at $25 per share and 375,000 shares of Class A common stock valued at $14.80 per share. The company projects $10 million-plus in revenue in the next 12 months, with roughly $3 million of incremental Ebitda. (Class A stock was down nearly 2% to $9.18 in early trading on Tuesday.)
The deal is expected to close in mid-March.
1091 Pictures library includes “The Ghost of Peter Sellers,” the Kevin Durant...
The $15.6 million deal includes roughly 4,000 hours of film and TV series, including the acclaimed docs “The Last Blockbuster,” “Linda Ronstadt: The Sound of My Voice” and Taika Waititi’s breakout indie film “Hunt for the Wilderpeople.”
Chicken Soup for the Soul is funding the deal with $8 million in cash, $2 million in newly issued Series A stock at $25 per share and 375,000 shares of Class A common stock valued at $14.80 per share. The company projects $10 million-plus in revenue in the next 12 months, with roughly $3 million of incremental Ebitda. (Class A stock was down nearly 2% to $9.18 in early trading on Tuesday.)
The deal is expected to close in mid-March.
1091 Pictures library includes “The Ghost of Peter Sellers,” the Kevin Durant...
- 3/2/2022
- by Thom Geier
- The Wrap
Exclusive: Chicken Soup for the Soul Entertainment, whose subsidiaries include specialty film distributor Screen Media, is acquiring 1091 Pictures.
The purchase price of $15.55 million consists of $8 million in cash, $2 million in newly issued shares of Series A perpetual preferred stock and 375,000 shares of Class A common stock. The preferred shares were valued at $25 in the deal, and the common stock at $14.80.
In addition to creating a bulked-up specialty film distributor, the deal will provide a significant boost for Chicken Soup’s streaming operation. The company is among the leaders in ad-supported streaming, operating Crackle, Popcornflix and other services. It bought Screen Media in 2017 and plans to combine 1091 with that existing business unit.
Sony launched 1091 as a film and TV subsidiary of The Orchard in 2015. It rebranded as 1091 in 2019.
The roughly 4,000 movies and TV series in the 1091 vault range across many genres. Included are acclaimed documentaries like The Ghost of Peter Sellers,...
The purchase price of $15.55 million consists of $8 million in cash, $2 million in newly issued shares of Series A perpetual preferred stock and 375,000 shares of Class A common stock. The preferred shares were valued at $25 in the deal, and the common stock at $14.80.
In addition to creating a bulked-up specialty film distributor, the deal will provide a significant boost for Chicken Soup’s streaming operation. The company is among the leaders in ad-supported streaming, operating Crackle, Popcornflix and other services. It bought Screen Media in 2017 and plans to combine 1091 with that existing business unit.
Sony launched 1091 as a film and TV subsidiary of The Orchard in 2015. It rebranded as 1091 in 2019.
The roughly 4,000 movies and TV series in the 1091 vault range across many genres. Included are acclaimed documentaries like The Ghost of Peter Sellers,...
- 3/2/2022
- by Dade Hayes
- Deadline Film + TV
The Academy has added 93 more films to the members-only screening room devoted to entries in the Best Documentary Feature category, bringing the total number of eligible contenders to a record-shattering 215.
The previous record for entries was 170 in 2017. And this year’s crop of nonfiction films is expected to pass that number by an even bigger margin — at least 50 — once a final, smaller group of films is added to the screening room in January.
New eligibility rules that were passed in the wake of the Covid-19 theater closings made it easier for documentaries to qualify this year by allowing them to do so by playing at film festivals, even virtual ones, and by easing requirements for theatrical runs. In an email to members detailing the new additions, the Academy said, “The Documentary Branch Executive Committee felt it was important to be inclusive and supportive of documentary filmmakers in this unprecedented and challenging year.
The previous record for entries was 170 in 2017. And this year’s crop of nonfiction films is expected to pass that number by an even bigger margin — at least 50 — once a final, smaller group of films is added to the screening room in January.
New eligibility rules that were passed in the wake of the Covid-19 theater closings made it easier for documentaries to qualify this year by allowing them to do so by playing at film festivals, even virtual ones, and by easing requirements for theatrical runs. In an email to members detailing the new additions, the Academy said, “The Documentary Branch Executive Committee felt it was important to be inclusive and supportive of documentary filmmakers in this unprecedented and challenging year.
- 12/22/2020
- by Steve Pond
- The Wrap
1091 Pictures and the technology platform Streamwise have hired Greg Scott, a former marketing executive with both Netflix and HBO, as its SVP of marketing.
Scott will oversee and lead all marketing efforts for the new technology startup Streamwise while holding a dual role as the marketing head for the distribution label behind films like “We the Animals,” “The Hero” and “Hunt for the Wilderpeople.”
Scott joins Streamwise and 1091 Pictures from Netflix’s global creative marketing team, where he led the development and launch of marketing campaigns for series such as “13 Reasons Why,” “The Haunting of Hill House” and “Mindhunter” over the last four years.
Prior to Netflix, Scott served as the director of consumer marketing and marketing strategy at HBO, playing a key role in the development and implementation of marketing plans for HBO Originals both domestically and internationally, including shows such as “Game of Thrones,” “True Blood,...
Scott will oversee and lead all marketing efforts for the new technology startup Streamwise while holding a dual role as the marketing head for the distribution label behind films like “We the Animals,” “The Hero” and “Hunt for the Wilderpeople.”
Scott joins Streamwise and 1091 Pictures from Netflix’s global creative marketing team, where he led the development and launch of marketing campaigns for series such as “13 Reasons Why,” “The Haunting of Hill House” and “Mindhunter” over the last four years.
Prior to Netflix, Scott served as the director of consumer marketing and marketing strategy at HBO, playing a key role in the development and implementation of marketing plans for HBO Originals both domestically and internationally, including shows such as “Game of Thrones,” “True Blood,...
- 12/1/2020
- by Brian Welk
- The Wrap
If you’re a Netflix subscriber, it’s highly unlikely you’re without content to watch, as the service has been pumping out excellent stuff for months. June saw the release of the fourth and final season of 13 Reasons Why, classics films like E.T. the Extraterrestrial and The Silence of the Lambs, and Spike Lee’s well-received Da 5 Bloods, among many, many others. July has been off to a wonderful start, too, as highlights include the epic Cloud Atlas finally making its way to the platform alongside horror favorites like Paranormal Activity and the very underrated Splice. But if that’s not enough, next week is bringing with it even more big titles to add to your list.
Perhaps the most exciting new piece of content is the Netflix Original film The Old Guard, based on the comic book of the same name. It tells the story of a...
Perhaps the most exciting new piece of content is the Netflix Original film The Old Guard, based on the comic book of the same name. It tells the story of a...
- 7/5/2020
- by Billy Givens
- We Got This Covered
Every year, movies are being produced at faster rates and in greater quantity, and that’s thanks – in part – to streamers like Netflix. Because of their business strategy, customers can now watch thousands of films for the same price as a single cinema ticket. As such, the entertainment appetite of the American public has been growing stronger with each passing season. To that end, here’s an overview of the best new movies coming to Netflix next month.
First off, we got science fiction and fantasy. Fans of visiting other worlds will be in for a treat in July, as Netflix will be adding Cloud Atlas to its library. Directed by the Wachowski siblings – the same ones who created the now-infamous Matrix franchise – this time-traveling epic follows the stories of a handful of reincarnating souls who live their different yet similar lives across several centuries.
Up next we got acclaimed classics,...
First off, we got science fiction and fantasy. Fans of visiting other worlds will be in for a treat in July, as Netflix will be adding Cloud Atlas to its library. Directed by the Wachowski siblings – the same ones who created the now-infamous Matrix franchise – this time-traveling epic follows the stories of a handful of reincarnating souls who live their different yet similar lives across several centuries.
Up next we got acclaimed classics,...
- 6/29/2020
- by Tim Brinkhof
- We Got This Covered
As expected, the coronavirus pandemic is hitting the box office hard, as many are under self-quarantine in an effort to flatten the curve. Some patrons are braving the outbreak, but as seen in preliminary box office numbers, it seems that many theaters are closing or limiting numbers. Patrons are opting to stay home, which is a good sign to see that people are taking precautions. However, the box office is seeing very low numbers and the specialty space is particularly feeling the impact.
New films being released in theaters are underperforming, landing between a low of 20% to a high of 35% in terms of projected numbers. Holdovers are also seeing a drop — more than usual. We have seen a handful of theater closings in New York, Philadelphia, D.C., Boston, and Seattle, and this may or may not continue in the upcoming week.
More from DeadlineEliza Hittman's Sundance Winner 'Never Rarely Sometimes Always' Hits Theaters,...
New films being released in theaters are underperforming, landing between a low of 20% to a high of 35% in terms of projected numbers. Holdovers are also seeing a drop — more than usual. We have seen a handful of theater closings in New York, Philadelphia, D.C., Boston, and Seattle, and this may or may not continue in the upcoming week.
More from DeadlineEliza Hittman's Sundance Winner 'Never Rarely Sometimes Always' Hits Theaters,...
- 3/15/2020
- by Dino-Ray Ramos
- Deadline Film + TV
Despite a handful of films postponing their release dates as a precautionary measure in the wake of the coronavirus, the specialty box office is persevering and hoping that arthouse audience will come through. Last week, A24’s First Cow delivered a career-high opening for Kelly Reichardt — but that was before the coronavirus turned into a pandemic. With events being canceled, the rise of concern and social-distancing becoming a common practice, we’ll have to see how this will impact the limited release titles, which is a very different creature than wide-release titles.
Leading the pack this week is the Focus Features title Never Rarely Sometimes Always directed by Eliza Hittman and starring Sidney Flanigan, Talia Ryder, Théodore Pellerin, Ryan Eggold and Sharon Van Etten. The story follows two teenage girls in rural Pennsylvania. Faced with an unplanned pregnancy and a lack of support, Autumn (Flanigan) and her cousin Skylar (Ryder...
Leading the pack this week is the Focus Features title Never Rarely Sometimes Always directed by Eliza Hittman and starring Sidney Flanigan, Talia Ryder, Théodore Pellerin, Ryan Eggold and Sharon Van Etten. The story follows two teenage girls in rural Pennsylvania. Faced with an unplanned pregnancy and a lack of support, Autumn (Flanigan) and her cousin Skylar (Ryder...
- 3/13/2020
- by Dino-Ray Ramos
- Deadline Film + TV
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