Crackle Transfer Of Power Nets Chicken Soup For The Soul Entertainment A Potent Ally In Sony; CEO Bill Rouhana Teases Production Plans

Chicken Soup for the Soul Entertainment CEO Bill Rouhana teased a potent role for Sony in the company’s streaming plans, a “surprise” development given its decision in 2019 to surrender operational control of Crackle.

The Japan-based electronics and media giant opted in December to exercise its right to trade a 49{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} stake in Crackle for 23{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} ownership of all of CSSE through a set of preferred shares and warrants. The two companies made the initial Crackle deal in the spring of 2019, handing it over to CSSE, which also runs ad-supported streaming services like Popcornflix and Truli plus film