Chicken Soup for the Soul Entertainment Files for Chapter 7 Liquidation after Filing for Chapter 11 Bankruptcy Protection with $970 Million Debt on 29th June 2024, Backer HPS Investment Partner Will Not Extend Additional Financial Support

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Chicken Soup for the Soul Entertainment Files for Chapter 7 Liquidation after Filing for Chapter 11 Bankruptcy Protection with $970 Million Debt on 29th June 2024, Backer HPS Investment Partner Will Not Extend Additional Financial Support

11th July 2024 | Hong Kong

Chicken Soup for the Soul Entertainment has filed for Chapter 7 Liquidation after filing for United States Chapter 11 Bankruptcy Protection with $970 million debt on 29th June 2024 (2023: $636 million losses).  In the filing, the backer of (Chicken Soup for the Soul Entertainment) HPS Investment Partner will not extend additional financial support.   The company is best known for Chicken Soup for the Soul book Series which had sold more than 110 million copies in the United States & Canada (Published & founded by motivational speakers Jack Canfield & Mark Victor Hansen in 1993).   The company (book series) ownership was sold in 2008 to William Rouhana & Robert Jacobs.   In 2017, Chicken Soup for the Soul Entertainment IPO on Nasdaq.   On 1st April 2024, Chicken Soup for the Soul Entertainment received from Nasdaq of a possible 180 days delisting notice.  Chicken Soup for the Soul Entertainment – Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) provides premium content to value-conscious consumers. The company is one of the largest advertising-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 television service (FAST), with nearly 180 FAST channels as well as a transaction video on demand (TVOD) service, and a network of approximately 29,000 kiosks across the US for DVD rentals. To provide original and exclusive content to its viewers, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries. 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.

“ Chicken Soup for the Soul Entertainment Files for Chapter 7 Liquidation after Filing for Chapter 11 Bankruptcy Protection with $970 Million Debt on 29th June 2024, Backer HPS Investment Partner Will Not Extend Additional Financial Support “

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Chicken Soup for the Soul Entertainment Files for Chapter 11 Bankruptcy Protection with $970 Million Debt on 29th June 2024, Best Known for Chicken Soup for the Soul Book Series Which Sold More than 110 Million Copies in United States & Canada Published & Founded by Motivational Speakers Jack Canfield & Mark Victor Hansen in 1993, Sold Ownership in 2008 to William Rouhana & Robert Jacobs and IPO in 2017 on Nasdaq, Received Nasdaq Possible 180 Days Delisting Notice on 1st April 2024 

30th June 2024 – Chicken Soup for the Soul Entertainment has filed for United States Chapter 11 Bankruptcy Protection with $970 million debt on 29th June 2024 (2023: $636 million losses).  The company is best known for Chicken Soup for the Soul book Series which had sold more than 110 million copies in the United States & Canada (Published & founded by motivational speakers Jack Canfield & Mark Victor Hansen in 1993).   The company (book series) ownership was sold in 2008 to William Rouhana & Robert Jacobs.   In 2017, Chicken Soup for the Soul Entertainment IPO on Nasdaq.   On 1st April 2024, Chicken Soup for the Soul Entertainment received from Nasdaq of a possible 180 days delisting notice.  Chicken Soup for the Soul Entertainment – Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) provides premium content to value-conscious consumers. The company is one of the largest advertising-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 television service (FAST), with nearly 180 FAST channels as well as a transaction video on demand (TVOD) service, and a network of approximately 29,000 kiosks across the US for DVD rentals. To provide original and exclusive content to its viewers, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries. 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.

Chicken Soup for the Soul Entertainment – Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) provides premium content to value-conscious consumers. The company is one of the largest advertising-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 television service (FAST), with nearly 180 FAST channels as well as a transaction video on demand (TVOD) service, and a network of approximately 29,000 kiosks across the US for DVD rentals. To provide original and exclusive content to its viewers, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries. 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.

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