Chicken Soup For The Soul Entertainment Partners With FUEL TV
Chicken Soup for the Soul Entertainment (NASDAQ: CSSE) today announced it has formed a joint venture with FUEL TV, the global leader in acRon-sports content, to create FUEL TV branded SubscripRon Video on Demand (SVOD) and Free Ad- Supported Streaming (FAST) channels. The companies will combine their respecRve content catalogs, including Chicken Soup for the Soul Entertainment-owned SubscripRon Video on Demand (SVOD) channels, which will become FUEL TV SURF, and LiUTicket will become FUEL TV SNOW. In addiRon, the venture will create two new channels, FUEL TV SKATE and FUEL TV BIKE. These powerful new channels will create a new standard in acRon-sports content available on major streaming plaYorms to viewers across millions of screens of all sizes and types.
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.
Under the terms of the deal, FUEL TV will run and operate the channels. Chicken Soup for the Soul Entertainment divisions Screen Media Ventures will contribute 1091’s library of acRon sports Rtles, and Crackle Connex will sell ad inventory. The joint venture expects to roll out the new FUEL TV branded channels in the coming months.
Chicken Soup for the Soul Entertainment plans to expand its joint venture efforts in 2024. These new business deals will drive addiRonal revenues for exisRng properRes it owns and operates uRlizing the experRse of third-parRes.
FUEL TV is well-known as the leader in the acRon-sports category worldwide. Available in over 130 countries through more than 80 different partnerships with the major broadcasRng and streaming (CTV, OTT) plaYorms, the company offers over 600 hours of new programming every year, in addiRon to 250 hours of live events and 350 hours of exclusive content. Chicken Soup for the Soul Entertainment SVOD service Echoboom features essenRal acRon sports Rtles across skateboarding and skiing, SurfnowTV features the best in surf videos that feature the biggest names past and present, and LiUTicketTV offers viewers the best in ski videos.
“FUEL TV is the gold standard for acRon-sports content, and they are the perfect counterparty for us to work with on this joint venture,” said Elana Sofo, chief strategy officer of Chicken Soup for the Soul Entertainment. “Their experRse, combined with our robust content and adverRsing teams, will make this a powerful offering.”
“We are delighted to join this venture, uniRng two of the biggest acRon sports libraries, and both companies’ prowess in the media industry will allow us to consolidate the leadership in the acRon sports space,” said Fernando Figueiredo, CEO of FUEL TV. “Moreover, it will give Surf, Skate, Snow, and Bike a standalone home for those core viewers that binge their sport for hours. For 20 years, FUEL TV acRon sports channel has gathered all these sports and will keep doing it by being the home of hundreds of hours of LIVE Events from across the globe.”
Founded in 2003, FUEL TV is recognized as the global home of acRon sports. For 20 years FUEL TV has disRnguished itself with award-winning programming that inspires, entertains, and enlightens audiences around the world with its 5.000-hour library. Available in more than 130 countries across more than 500 million devices, FUEL TV can be found in Pay TV, FAST, and SVOD offers. FUEL TV is the only channel focused exclusively on the sports of Surf, Skate, Snow, BMX, MTB, Wake and the music, art and lifestyle that surrounds them.
Headquartered in Lisbon, Portugal, FUEL TV has offices in Los Angeles, Miami, and São Paulo FUEL TV continues to innovate and evolve with a relentless focus on Action Sports.
