Infamous “Pharma Bro” Martin Shkreli was released early from prison Wednesday, with the disgraced exec and one-time “most hated man in America” serving just over four years of his seven-year sentence on fraud charges.
Soon after his release from a Pennsylvania prison, Shkreli announced his semi-freedom with a selfie/troll post on Facebook, “Getting out of real prison is easier than getting out of Twitter prison,” a reference to him getting booted from Twitter five years earlier for harassing a female journalist.
CNBC confirmed Shkreli’s prison release, though the...
Soon after his release from a Pennsylvania prison, Shkreli announced his semi-freedom with a selfie/troll post on Facebook, “Getting out of real prison is easier than getting out of Twitter prison,” a reference to him getting booted from Twitter five years earlier for harassing a female journalist.
CNBC confirmed Shkreli’s prison release, though the...
- 5/18/2022
- by Daniel Kreps
- Rollingstone.com
Chicken Soup for the Soul Entertainment, which operates Crackle and other ad-supported video on demand channels, on Tuesday announced plans to acquire the assets of 1091 Media to nearly double its content library.
The $15.6 million deal includes 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.”
Chicken Soup for the Soul is funding the deal with $8 million in cash, $2 million in newly issued Series A stock at $25 per share and 375,000 shares of Class A common stock valued at $14.80 per share. The company projects $10 million-plus in revenue in the next 12 months, with roughly $3 million of incremental Ebitda. (Class A stock was down nearly 2% to $9.18 in early trading on Tuesday.)
The deal is expected to close in mid-March.
1091 Pictures library includes “The Ghost of Peter Sellers,” the Kevin Durant...
The $15.6 million deal includes 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.”
Chicken Soup for the Soul is funding the deal with $8 million in cash, $2 million in newly issued Series A stock at $25 per share and 375,000 shares of Class A common stock valued at $14.80 per share. The company projects $10 million-plus in revenue in the next 12 months, with roughly $3 million of incremental Ebitda. (Class A stock was down nearly 2% to $9.18 in early trading on Tuesday.)
The deal is expected to close in mid-March.
1091 Pictures library includes “The Ghost of Peter Sellers,” the Kevin Durant...
- 3/2/2022
- by Thom Geier
- The Wrap
Exclusive: Chicken Soup for the Soul Entertainment, whose subsidiaries include specialty film distributor Screen Media, is acquiring 1091 Pictures.
The purchase price of $15.55 million consists of $8 million in cash, $2 million in newly issued shares of Series A perpetual preferred stock and 375,000 shares of Class A common stock. The preferred shares were valued at $25 in the deal, and the common stock at $14.80.
In addition to creating a bulked-up specialty film distributor, the deal will provide a significant boost for Chicken Soup’s streaming operation. The company is among the leaders in ad-supported streaming, operating Crackle, Popcornflix and other services. It bought Screen Media in 2017 and plans to combine 1091 with that existing business unit.
Sony launched 1091 as a film and TV subsidiary of The Orchard in 2015. It rebranded as 1091 in 2019.
The roughly 4,000 movies and TV series in the 1091 vault range across many genres. Included are acclaimed documentaries like The Ghost of Peter Sellers,...
The purchase price of $15.55 million consists of $8 million in cash, $2 million in newly issued shares of Series A perpetual preferred stock and 375,000 shares of Class A common stock. The preferred shares were valued at $25 in the deal, and the common stock at $14.80.
In addition to creating a bulked-up specialty film distributor, the deal will provide a significant boost for Chicken Soup’s streaming operation. The company is among the leaders in ad-supported streaming, operating Crackle, Popcornflix and other services. It bought Screen Media in 2017 and plans to combine 1091 with that existing business unit.
Sony launched 1091 as a film and TV subsidiary of The Orchard in 2015. It rebranded as 1091 in 2019.
The roughly 4,000 movies and TV series in the 1091 vault range across many genres. Included are acclaimed documentaries like The Ghost of Peter Sellers,...
- 3/2/2022
- by Dade Hayes
- Deadline Film + TV
When you’re a streaming service, there’s only one way to celebrate the New Year. And that’s by IP mining to bring back a franchise that had no business in coming back!
With its list of new releases for January 2022, Hulu is raiding CBS’s closet and premiering How I Met Your Father, a continuation of the sitcom How I Met Your Mother. Complaints about unnecessary rebooting aside, perhaps its worth giving the Hillary Duff starring series a chance. If nothing else, telling a story about 2022 from a future perspective might play well.
Aside from Himyf, there aren’t any other Hulu original series to speak of. Instead, Hulu is opting to once again beef up its film library. January 1 sees the arrival of Master and Commander, Seven, and a whole bunch of Star Treks. Hulu will also be the streaming home of some recently released film Indies,...
With its list of new releases for January 2022, Hulu is raiding CBS’s closet and premiering How I Met Your Father, a continuation of the sitcom How I Met Your Mother. Complaints about unnecessary rebooting aside, perhaps its worth giving the Hillary Duff starring series a chance. If nothing else, telling a story about 2022 from a future perspective might play well.
Aside from Himyf, there aren’t any other Hulu original series to speak of. Instead, Hulu is opting to once again beef up its film library. January 1 sees the arrival of Master and Commander, Seven, and a whole bunch of Star Treks. Hulu will also be the streaming home of some recently released film Indies,...
- 1/1/2022
- by Alec Bojalad
- Den of Geek
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