Chicken Soup for the Soul Entertainment’s Recently Acquired Screen Media Assets Appraised at Over $31 Million
Popcornflix® Direct-to-Consumer Online Video Service Comprised of Five Networks with Over 15 Million Active Users
Screen Media TV and Film Library Represents One of the World’s
The value of all the recently acquired assets, as set forth in an independent, third-party valuation opinion dated
“Screen Media is comprised of an extraordinary collection of assets,” said
Reflecting the excess of the net appraised value of the assets over their purchase price as set forth in the Valuation Opinion,
“The appraised value of the Screen Media assets substantially exceeds our initial estimates,” stated
Mr. Rouhana added, “We continue to pursue additional transformative opportunities that would complement our growing portfolio of assets and further drive growth in revenues, profits and shareholder value.”
The Popcornflix direct-to-consumer online video service is comprised of five ad-supported networks with rights to over 3,000 films and approximately 60 television series (representing approximately 1,500 episodes) and is available in 56 countries. The Popcornflix app has been downloaded approximately 25 million times and has approximately 15 million active users.
The Screen Media content library is comprised of over 1,200 television series and feature films and is one of the largest, independently-owned libraries of filmed entertainment in the world. Through direct worldwide relationships, this content is distributed across all media, including theatrical, home video, pay-per-view, free cable and paid television, video-on-demand and existing and emerging video platforms.
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