AVOD Distributor ‘Chicken Soup for the Soul’ Ups Q3 Revenue, Loss

Chicken Soup for the Soul, owner operator of ad-supported VOD platforms Crackle, Crackle Plus and Popcornflix, among others, reported a 50% increase in revenue for the third-quarter (ended Sept. 30) to $29.1 million, compared with revenue of $19.4 million during the previous-year period. The tally also marked a 31.6% improvement over the second quarter.

Net loss from operations increased more than 28% to $16.7 million, compared with a loss of $13 million a year earlier.

In the quarter, the distributor announced the initial launch of a branded Chicken Soup for the Soul ad-supported streaming video platform in select international markets.

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“We are seeing momentum in our AVOD networks, highlighted by viewership growth at Crackle and strong growth at Popcornflix since our September relaunch,” CEO William Rouhana said in a statement.

Rouhana said the company continues to focus AVOD network distribution, in addition to expanding original, exclusive content and backend streaming tech assets.

“With the initial launch of our Chicken Soup for the Soul streaming service, as well overall ad impression growth at Crackle Plus, consolidation of our television production activities, Screen Media Ventures’ growing lineup of acquired films, and our recent international partnership and acquisition activity, we are poised to accelerate execution of our strategy into 2022,” Rouhana said.

Screen Media, 3rd Fathom Films Join Allied Vaughn MOD Service

Screen Media Ventures and 3rd Fathom Films have joined the Allied Vaughn manufacture-on-demand service.

Screen Media Ventures, owned by Chicken Soup for the Soul Entertainment, acquires the rights to independent feature films for the United States and Canada and has a library of more than 1,500 motion pictures. The company also owns Popcornflix, an ad-based direct-to-consumer online video service with five channels and thousands of television episodes and movies. The first Screen Media titles under the deal, streeting Oct. 22, include the family film Fishtales (2007), starring Billy Zane and Kelly Brook; the horror flick Evil Feed (2014), about group of young martial artists who infiltrate an underground pit fighting ring where the loser is chopped up and served in a Chinese restaurant; the comedy FDR: American Badass (2011), in which FDR fights werewolves and saves the world, all from the comfort of his wheelchair, starring Barry Bostwick, Lin Shaye and Kevin Sorbo; the comedy Freshman Orientation (2004), about a college freshman who feigns being gay to be near a beautiful co-ed; and the drama Getting High (2006), about two artists on the verge of success who are determined to find a way out of their drug-fueled abyss.

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3rd Fathom Films is an independent studio based in Atlanta. Its library includes two feature films and 25 short films. Its first release on MOD, due Oct. 18, is The Final Project (2016), about six college students making a documentary about one of the most notorious haunted houses in America.