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

COS COB, Connecticut, November 18, 2022–(BUSINESS WIRE)–Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEL, CSSEN), one of the largest providers of premium content to value-conscious consumers, today announced the timing of payment of its declared regular monthly dividend of $0.2031 per share of its 9.75% cumulative redeemable perpetual Series A Preferred Stock for December 2022. The dividend will be payable on or about December 15, 2022 to holders of record on November 30, 2022. The dividend is paid in cash.

About chicken soup for soul entertainment
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) provides premium content for value-conscious consumers. The company is one of the largest ad-supported video-on-demand (AVOD) companies in the US with three flagship AVOD streaming services: Redbox, Crackle, and Chicken Soup for the Soul. In addition, the company operates Redbox Free Live TV, a free ad-supported streaming TV (FAST) service with over 150 channels, as well as a transactional video-on-demand (TVOD) service and a network of approximately 34,000 kiosks across the United States for DVD rental. To provide original and exclusive content to its viewers, the Company creates, acquires and distributes films and television series through its Screen Media and Chicken Soup subsidiaries for Soul TV Group. 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.

Forward-Looking Statements and Available Information
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether expressed in this press release or not, and management’s current expectations and are not predictions of actual performance. Such assumptions involve a number of known and unknown risks and uncertainties, including but not limited to our core strategy, operating results and margin, seasonality, liquidity including cash flows from operations, available funds and access to financing sources, free cash flows, sales, net income, profitability , stock price volatility, future regulatory changes, price changes, the ability of the Company’s content offerings to achieve market acceptance, the Company’s success in retaining or recruiting officers, key employees or directors, the ability to protect intellectual property, the ability to implement strategic to complete acquisitions, the ability to manage growth and integrate acquired operations, the ability to pay dividends, regulatory or operational risks and general market conditions affecting demand for the services of the company. For a more complete description of these and other risks and uncertainties, see Item 1A (Risk Factors) in the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2022 filed with the SEC on November 14, 2022. Should any of these risks materialize, or should our assumptions prove incorrect, actual results could differ materially from those implied by the forward-looking statements contained in this press release. Information regarding the Redbox acquisition and related transactions is provided by reference to the Company’s most recent reports on Form 8-K filed on May 11, 2022 (as amended May 12, 2022), June 6, 2022 and August 12, 2022, and November 14, 2022, and all exhibits filed with respect to such reports and the registration statement referenced above. The forward-looking statements contained in this press release speak only as of the date of this release and the Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to the forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change from Events, conditions or circumstances on which a statement is based.

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contacts

INVESTOR RELATIONS
Zaia Lawandov
Chicken soup for soul entertainment
[email protected]

MEDIA
Peter Binazeski
Chicken Soup for the Soul Entertainment Corporate
[email protected]

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