Completing one of the more surprising media deals of late, Chicken Soup for the Soul Entertainment has taken full control of Crackle Plus, with Sony exercising its option to trade a minority stake for preferred stock.In May 2019, Sony Pictures Television entered into an arrangement with Cos Cob, CT-based Chicken Soup, surrendering operational control of Crackle but retaining a minority stake.
A new entity, Crackle Plus, was formed to house a portfolio of ad-supported and subscription VOD networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix.
Crackle Plus has a library with 10,800 movies and 22,000 TV episodes.Shares in CSSE have spiked 8% on the news to an all-time high of $19.52 in early
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