Naman Ramachandran U.K. broadcaster ITV has commissioned “Six Four,” a four-part crime thriller inspired by the bestselling novel by Hideo Yokoyama.
11.05.2022 - 16:09 / thewrap.com
revenues fell from $858 million in 2019 to just $289 million last year.A SPAC merger taking the company public on Nasdaq last fall injected $145 million in cash, but the financials still suffered. Shares continued to slide from a November 2021 high near $18 to just over $2 in mid-April of this year.
Chicken Soup will issue 4.6 million shares to Redbox as part of the deal. The company’s share price has been on a slide this year, falling from $14.74 to $7.92 at market close on Tuesday.
The new deal comes just two months after Connecticut-based Chicken Soup announced plans to acquire the assets of 1091 Media for $15.6 million. That deal, which nearly double the company’s content library, included 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.”“Today marks a transformative moment for Chicken Soup for the Soul Entertainment and an inflection point for the ad-supported streaming industry,” Chicken Soup for the Soul Entertainment chairman and CEO William J.
Rouhana Jr. said in a statement.
“Our acquisition of Redbox will accelerate the scaling of our business as it combines complementary teams and services to create the streaming industry’s premier independent AVOD.”Redbox CEO Galen Smith added in his own statement: “We believe that Chicken Soup for the Soul Entertainment is the ideal partner for Redbox. By joining forces, we will accelerate Redbox’s transition from a physical to high growth digital media company and be the only entertainment provider truly focused on value for consumers.”
.Naman Ramachandran U.K. broadcaster ITV has commissioned “Six Four,” a four-part crime thriller inspired by the bestselling novel by Hideo Yokoyama.
Star Wars fans got a treat Thursday. Harrison Ford made a surprise stop at the Star Wars Celebration at the Anaheim Convention Center to give an update on "Indiana Jones 5." Thursday’s event marked the first in-person convention since 2019 due to the coronavirus pandemic. Harrison Ford made a surprise appearance at the Star Wars Celebration event in Anathema, Calif., Thursday.
MailOnline, Alex said: "I'm trying to get Robbie in the best possible shape to win the fight. I want him to be an elite level fighting machine.
John Mulaney is clearing up a misconception he feels people have about the late Robin Williams and the source of his brilliant comedy.
Rene Rodriguez In “Vendetta,” a former U.S. Marine strikes back at the thugs who murdered his daughter, inciting a routine cycle of violence with occasional flashes of wit that feel like they were spliced in from a different, better movie.
ABC will share more on the Williams family with The Wonder Years set to return for Season 2.
Hugh Jackman is responding to the comments that Michelle Williams made this week about wanting to do a sequel to The Greatest Showman!
EXCLUSIVE: Former Legendary Entertainment executive Natalie Viscuso has been tapped to oversee television as Vice President of TV at Roy Lee’s Vertigo Entertainment.
A filmed version of the critically lauded Off Broadway production Trevor: The Musical will debut exclusively on Disney+ Friday, June 24.
EXCLUSIVE: Shout! Studios has acquired North American rights to Concourse Media’s drama On Sacred Ground, starring William Mapother (Lost), David Arquette (Scream franchise) and Amy Smart (Stargirl), with plans for a strategic launch of the pic across all major entertainment platforms, beginning with a theatrical day-and-date debut in the first quarter of 2023. The multi-platform entertainment distribution and production arm of Shout! Factory will also screen the film on over 1,000 college campuses, as a means of promoting its underlying message of equality and the importance of upholding indigenous rights.
Deadline already told you that a Scream sequel is happening with directors Radio Silence (Matt Bettinelli-Olpin and Tyler Gillett) returning and James Vanderbilt & Guy Busick co-writing the screenplay.
MJ Williams believes Bolton Wanderers team mate is getting 'better and better' after watching his development from a young age at Rochdale.
Even royals like to jam out sometimes! Prince William awarded DJ Simon Mayo an MBE (Most Excellent Order of the British Empire) for his contributions to radio and revealed some of his favorite dance songs from his youth.
Florian Munteanu (Creed 2, Shang-Chi) has joined the cast of Netflix’s Vikings: Valhalla. He will portray George Maniakes, a real-life general of the Byzantine Empire who answers only to The Emir.