Hen Soup for the Soul Leisure’s Crackle Plus Launches Three New Linear Channels on VIZIO SmartCast

Crackle Spotlight, Crackle Classics and Truli Channels bring over 10,000 new films, TV shows and originals to SmartCast via curated live channels

COS COB, Connecticut, July 7, 2021 (GLOBE NEWSWIRE) – Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, announced today the agreement to launch three linear channels on. known VIZIO (NYSE: VZIO) Smartcast: Crackle Spotlight, featuring the best of Crackle’s Originals and Exclusives, Crackle Classics, with an emphasis on classic TV shows and Truli, his faith and family network.

VIZIO SmartCast audiences get access to the vast Crackle Plus library of studio movie titles and classic TV movies and series, as well as an ever-growing list of original and exclusive programs that uplift, entertain and inspire audiences, such as PROMISELAND, Playing With Power : The Nintendo Story, Bucket List, Sew the Winter to My Skin, Insomnia, Lennox Lewis: The Untold Story, Robert the Bruce, Spides, Anything is Possible: The Serge Ibaka Story, Road to Race Day, The Clearing and Going From Broke , now in its second season. The deal also includes family-friendly and faith-based content from Truli, which is also part of the Crackle Plus network.

In addition to a full range of crackle content available through the Crackle video on demand app, in 2020 Crackle also entered into an agreement with VIZIO to crackle VIZIO Smart TVs produced in 2021 Button, with accompanying branding and signage on TV boxes at retail outlets in the U.S. The new linear channels Crackle and Truli, curated with the best of their originals, exclusives, films, and classic TV content, are great examples of that Deepen the relationship between the two companies.

In addition to the crackle streaming channels, VIZIO offers convenient access to on-screen apps like Apple TV +, Disney +, Hulu, Netflix, Paramount +, Peacock, Prime Video and YouTube TV. It also offers support for Apple AirPlay 2 and Chromecast built-in, so viewers can stream, control and share content from their phone, tablet or laptop directly to the big screen. VIZIO SmartCast continuously improves the platform with new features and content, so that users can have endless entertainment options while staying healthy and safe at home.

The story goes on

“Crackle’s extensive catalog of popular movies and TV shows brings SmartCast users thousands of new entertainment options across all genres,” said Katherine Pond, vice president of business development for VIZIO. “We are excited to partner with Crackle Plus to expand entertainment options for millions of users.”

“Crackle is excited to expand our relationship with VIZIO and share our Crackle originals and exclusives, as well as our growing library of thousands of movies, documentaries, sports and classic TV and family-friendly content from Truli with SmartCast,” said share user Philippe Guelton, President of Crackle Plus. “With this new goal for our streaming channels, we are also offering our advertisers a new and growing audience on VIZIO SmartCast.”

The three primary Crackle Plus networks, Crackle, Popcornflix and Chicken Soup for the Soul, are continuously being rolled out on up to 41 platforms as AVOD or FAST channels at new sales touchpoints. The Crackle Plus networks are currently distributed over 48 touchpoints in the US, with an expansion planned to 64 touchpoints, including Amazon FireTV, RokuTV, Apple TV, Smart TVs (Samsung, LG, Vizio), game consoles (PS4 and XBoxOne), Plex, iOS and Android mobile devices and on desktops under Crackle.com. Crackle is also available in around 500,000 hotel rooms in the Marriott Bonvoy chain.

ABOUT CHICKEN SOUP FOR SOUL ENTERTAINMENT, INC.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand (VOD) networks. The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix. The company also purchases and distributes video content through its subsidiary Screen Media and produces long and short original content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. 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 foods under the brand name Chicken Soup for the Soul.

CRACKLE PLUS, A CHICKEN SOUP FOR SOUL ENTERTAINMENT, INC. COMPANY
Crackle Plus owns and operates the ad-supported VOD networks Crackle, Popcornflix and Chicken Soup for the Soul, making it one of the largest AVOD streaming platforms in the United States. Crackle Plus owns AVOD rights to over 11,000 films and 22,000 episodes of television series. Crackle Plus networks present at least one original and one exclusive program each month that sets it apart from other AVODs. Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) owns Crackle Plus and also acquires and distributes video content through its Screen Media subsidiary and produces original long and short form content through Halcyon Television, Landmark Studio Group, its Chicken Soup for the Soul Unscripted division and APlus Productions. Chicken Soup for the Soul Entertainment, Inc. is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super premium pet foods under the brand name Chicken Soup for the Soul.

FORWARDING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not mentioned in this press release, and management’s current expectations and are not predictions of actual performance. Forward-looking statements are subject to known and unknown risks and uncertainties, including, but not limited to, the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied in these forward-looking statements. These forward-looking statements are for date only, and the company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in company expectations regarding this or changes in events, conditions or circumstances which a statement is based.

ABOUT VIZIO
Founded and headquartered in Orange County, California, VIZIO’s mission is to provide immersive entertainment and compelling lifestyle enhancements that put our products at the heart of the connected home. VIZIO is driving the future of television through its integrated platform of state-of-the-art Smart TVs and the powerful SmartCast operating system. VIZIO also offers a portfolio of innovative sound bars that provide consumers with an upscale audio experience. VIZIO’s platform gives content providers more opportunities to distribute their content and advertisers more tools to target and deliver ads dynamically to a growing audience that is increasingly turning away from linear television.

For more information, visit VIZIO.com and follow VIZIO on Facebook, Twitter, and Instagram.

INVESTOR RELATIONS
Taylor Krafchik
ellipse
csse@ellipsisir.com
(646) 776-0886

MEDIA CONTACT
Kate hair clip
RooneyPartners LLC
kbarrette@rooneyco.com
(212) 223-0561

FOR CRACKLE PLUS
Chris Woolsey
Crackle Plus
Chris_woolsey@crackle.com
(310) 422-9975

Opinion: AMC Leisure’s Share Value Is Being Manipulated

Wall Street has been ruled by private investors for almost six months. Even though private investors have been investing their money in the market for over 100 years, they have never had such an enormous impact on share prices as they did in 2021.

More specifically, retail investors on Reddit, Twitter, and other social media platforms have teamed up to buy stocks and call options out of the money on stocks with very high short interest. The goal of these retail investors is twofold. First they want a short press – a short-term event that pushes short sellers (ie, pessimists who bet on a stock’s downward movement) to exit. Second, since most short sellers are institutional investors, they want to “stick to the colors,” so to speak.

Image source: Getty Images.

“Monkeys” went crazy for AMC

Although GameStop was the representative of “Reddit-based trading” for months, it was replaced by the cinema chain AMC entertainment (NYSE: AMC)which has produced a higher return since the beginning of the year.

The army of retail investors who own shares of AMC, collectively known as the “monkeys” believe that a big short squeeze is waiting for the stock. Indeed, AMC has seen the number of short stocks spike in recent months. From June 15, 2021, Morning star listed 85.08 million shares as vacant, relative to a free float of closer to 449 million shares.

In addition to seeking a short squeeze, Monkeys believe Wall Street is deliberately manipulating AMC’s stock price. Read any message board and you will see multiple discussions about dark pool trading of AMC stocks, the implications of naked short selling (i.e. short selling of stocks that don’t exist), and the idea that hedge funds (kindly referred to) as the “hedgies” seek out bankrupt companies by dumping them into the ground.

In other words, AMC’s retail investors see themselves as a mission to embrace the manipulation of Wall Street.

But the kicker is that manipulation is taking place. It’s not coming from Wall Street, however. In my opinion, AMC’s retail investors appear to be the real source of stock price manipulation.

A person touching their smartphone, which is displaying a volatile stock chart.

Image source: Getty Images.

AMC is being manipulated, but not by Wall Street

As early as June 1934, the Securities Exchange Act was passed to cover secondary trading in stocks, bonds, and debentures in the United States. There is a section on market manipulation in this 367-page law that governs what is and isn’t legal in the investment world. Section 9 (a) and 9 (a) (2) state (Page 87, for those interested):

It is unlawful for any person, directly or indirectly … to carry out, alone or with one or more other persons, a series of transactions in a security that is registered on a national stock exchange, a security that is not so registered or in connection with any security Swaps or securities swap agreements in respect of such security that cause actual or apparent active trading in such security or increase or decrease the price of such security to cause others to buy or sell such security.

In other words, it is illegal to defraud other investors by doing anything that would artificially affect the price of an underlying security. AMC investors will tell you that they simply “like the stock” and that “it’s not illegal to buy and hold a company”. I agree and so do the law. If AMC investors like the stock, they can buy as much as they want and hold for as long as they want.

However, their actions on social media seem to indicate intentionally influencing the supply and demand for AMC stock. In particular, Reddit traders are using a combination of hype, deliberate ignorance of fundamental operational data, and misinformation to artificially drive AMC’s share price up.

How can I support these claims, you ask? Just search Reddit or Twitter for posts on AMC. You don’t have to look far to find the misleading or harassing tactics used to enforce what appears to be an honest (but coordinated) compliance. Pump-and-dump scheme.

A person texting on their smartphone while a chat bubble hovers over their device.

Image source: Getty Images.

AMC is constantly being hyped on social media

To begin with, AMC monkeys use absurd price targets and post thousands of times on social media boards every day to keep interest high. The most common tactic here is to keep proclaiming that a short squeeze is coming (despite no guarantee that one will happen) and ditch an absurd stock price level to keep less informed investors interested.

You can often find people on Twitter trying to get a hashtag version of the “AMC100k” or “AMC500k” trend. In other words, these people are trying to trick unsuspecting investors into believing that AMC will somehow go from $ 2 in January to $ 100,000, or $ 500,000 per share. For some context here, $ 100,000 per share would be a market cap that is well over double the US annual gross domestic product (GDP), while a $ 500,000 share price would be nearly three times global GDP (more than $ 250 trillion). Apple is currently the world’s largest publicly traded company with a market capitalization of $ 2.2 trillion.

These whimsical price targets may sound harmless, but they are a straightforward attempt to create artificial support with no fundamental support.

A person holding a magnifying glass over a company's balance sheet.

Image source: Getty Images.

Efforts to present income statement / balance sheet data are being dashed by the social media mob mentality

In my view, retailers are also manipulating AMC’s stock price by using social media tactics to stamp out any discussion of the company’s operational performance or balance sheet. And the reason is simple: the presentation of income statement or balance sheet data would completely destroy the purchase thesis of this company – and the manipulators know that.

Any attempt to discuss the company’s operating performance or its more than $ 5.4 billion debt will be posted on Reddit, Yahoo! and other message boards were quickly rejected and referred to as “FUD” (fear, uncertainty and doubt). Hence, the only message new investors will see is the carefully crafted message that AMC portrays as a short squeeze candidate with no obvious drawbacks and tens of trillions in market cap up.

But this never-ending confirmation bias doesn’t come close to telling the full story. While AMC has raised enough capital to stave off bankruptcy in the short term, the company’s 2027 bonds are nowhere near par value, suggesting bankruptcy still remains a very real possibility (albeit years later). This is not a FUD. That’s a fact.

In addition, ticket sales for the film industry were all rolled into one pretty steady decline in sales for 19 years. Even as AMC builds its market share, the industry has continued to shrink and is likely to continue to shrink as streaming and movie exclusivity goes against AMC.

Besides, the company is not profitable and so is it $ 324 million burned in cash only in the first quarter.

This is important information that investors should know. If you still want to invest in AMC, that’s fine. But deliberately suppressing and hiding specific facts from unsuspecting investors while hyping what is essentially hype-driven propaganda does not allow people to make an informed investment decision.

A person holding cash behind their back and keeping their fingers crossed at the same time.

Image source: Getty Images.

Misinformation and lies are the basis of this movement

The most egregious sign of manipulation, however, can be seen in the way AMC monkeys do Spread misinformation to encourage this pump-and-dump scheme. Below are some of the examples you will see on a regular basis and why they are not true.

  • Monkeys saved AMC:“Not correct. AMC saved itself by issuing hundreds of millions of stocks and high yield debt earlier this year. Camaraderie is essential to keeping other retail investors informed, which is why this falsehood has persisted for so long. The fact is that the operational performance of AMC and only its operational performance will determine whether or not it will be stored.
  • Short-selling hedge funds drive companies bankrupt:“Wrong. Short sellers and buyers are just people hoping for different results. That result is ultimately determined by the company’s operational performance. No matter how many stocks institutional investors short sell, they cannot bankrupt a company. Anyone who does says you are lying to yourself otherwise.
  • Hedge funds control the MSM:“Wrong. AMC retail investors want you to believe that every institutional investor is evil and that there is an ongoing battle between David and Goliath. The fact is, hedge funds don’t control the mainstream media (MSM). This is misinformation. Maintaining retail investors to keep less informed investors informed.
  • Hedge funds fill your pockets:“Wrong. Monkeys also routinely claim that any journalist, analyst, writer, television personality, etc. who are not exactly on par with them is paid by hedge funds or has hedge fund affiliations, this is a defense mechanism to keep the ‘us against them “Maintain the mentality that is required to keep this pump-and-dump scheme going.
  • Basics don’t matter:Wrong. A company’s operational performance and balance sheet are always important. And if you don’t think they are, speak to them Washington Prime Group Shareholders who saw half of their investment fizzle out overnight when the company filed for Chapter 11 bankruptcy protection on June 13. Washington Prime was touted by Reddit traders just hours before filing for bankruptcy for its high short squeeze potential.

In my opinion, AMC retail investors are hypocrites. They preach for transparency and rail against unsubstantiated manipulation on Wall Street, but purposely block the whole story on message boards and continue to spread misinformation to manipulate the price of AMC.

I have no idea how long the AMC stock price can remain artificially inflated by retail investors. What I do know is that every pump-and-dump scheme in history has collapsed at some point. AMC will be no exception.

This article represents the opinion of the author who may disagree with the “official” referral position of a premium advisory service from the Motley Fool. We are colorful! Questioning an investment thesis – even one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer.

Hen Soup for the Soul Leisure’s Free Crackle App

A new ad-supported experience and access to thousands of Crackle movies and TV series, including Crackle originals and exclusives

COS COB, Connecticut, June 25, 2021 (GLOBE NEWSWIRE) – Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, announced Today announced the agreement to launch an Android-based application from the Crackle brand on the TCL service.

TCL audiences get access to the vast Crackle Plus library of studio movie titles and classic TV series, as well as an ever-growing list of original and exclusive programs that uplift, entertain and inspire audiences like PROMISELAND, Playing With Power: The Nintendo Story , Bucket List, Sew the Winter to My Skin, Insomnia, Lennox Lewis: The Untold Story, Robert the Bruce, Spides, Anything is Possible: The Serge Ibaka Story, Road to Race Day, The Clearing and Going From Broke, now in his Second season.

“Crackle’s extensive library of award-winning films and TV shows will enable TCL customers to have even more choices across a wide variety of topics and content genres,” said Philippe Guelton, President of Crackle Plus. “With this new touchpoint for Crackle, we are giving our advertisers who use Crackle Plus additional reach and frequency in order to build a growing audience.”

Crackle Plus Linear and VOD networks are available in the US and can be accessed on 31 devices and services including Amazon FireTV, RokuTV, Apple TV, Smart TVs (Samsung, LG, Vizio), game consoles (PS4 and XBoxOne), Plex , iOS and Android mobile devices and on desktops under Crackle.com. Crackle is also available in around 500,000 hotel rooms in the Marriott Bonvoy chain.

In addition to Crackle, the Crackle Plus network consists of Popcornflix, Popcornflix Kids, Truli, Popcornflix Comedy, Frightpix and Espanolflix as well as the subscription video-on-demand platform (SVOD) Pivotshare.

ABOUT CHICKEN SOUP FOR SOUL ENTERTAINMENT, INC.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand (VOD) networks. The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and Frightpix. The company also purchases and distributes video content through its subsidiary Screen Media and produces long and short original content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. 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 foods under the brand name Chicken Soup for the Soul.

CRACKLE PLUS, A CHICKEN SOUP FOR SOUL ENTERTAINMENT, INC. COMPANY
Crackle Plus owns and operates the ad-supported VOD networks Crackle, Popcornflix and Chicken Soup for the Soul, making it one of the largest AVOD streaming platforms in the United States. Crackle Plus owns AVOD rights to over 11,000 films and 22,000 episodes of television series. Crackle Plus networks present at least one original and one exclusive program each month that sets it apart from other AVODs. Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) owns Crackle Plus and also acquires and distributes video content through its Screen Media subsidiary and produces original long and short form content through Halcyon Television, Landmark Studio Group, its Chicken Soup for the Soul Unscripted division and APlus Productions. Chicken Soup for the Soul Entertainment, Inc. is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous series of books and produces super premium pet foods under the brand name Chicken Soup for the Soul.

FORWARDING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not mentioned in this press release, and management’s current expectations and are not predictions of actual performance. Forward-looking statements are subject to known and unknown risks and uncertainties, including, but not limited to, the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied in these forward-looking statements. These forward-looking statements speak for date only, and the company expressly disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in company expectations with respect thereto or changes in events, conditions or circumstances on which a statement is based.

INVESTOR RELATIONS
Taylor Krafchik
ellipse
csse@ellipsisir.com
(646) 776-0886

MEDIA CONTACT
Kate hair clip
RooneyPartners LLC
kbarrette@rooneyco.com
(212) 223-0561

FOR CRACKLE PLUS
Chris Woolsey
Crackle Plus
Chris_woolsey@crackle.com
(310) 422-9975

AMC Leisure’s Strikes Make Sense

AMC Entertainment (NYSE:AMC) files to sell 11 million shares, sending the stock down 30%. ExxonMobil (NYSE:XOM) loses a proxy fight as an activist firm gains a third seat on the board of directors. Motley Fool analyst Bill Mann, with host Chris Hill, analyzes those stories and FireEye‘s (NASDAQ:FEYE) decision to sell part of its business (and its name) to a private equity firm.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

https://www.youtube.com/watch?v=if-fAVWzjVE

This video was recorded on June 3, 2021.

Chris Hill: It’s Thursday, June 3rd. Welcome to MarketFoolery, I’m Chris Hill, with me today, the one and only, Bill Mann. Good to see you, my friend.

Bill Mann: How are you? How are you celebrating Mark Levin’s birthday today?

Hill: Mark Levin, happy 40th birthday to Mark Levin. Maybe the greatest fake driver’s license in film history.

Mann: You know, it’s only one name, right? Yeah. If you look at the driver’s license, his birth date on his fake ID was June 3rd, 1981. That means that Mark Levin is today 40 years of age. I will be celebrating later. I don’t know about you.

Hill: If you’re looking for a movie to relax with over the weekend, I will just say SuperBad, 88% on Rotten Tomatoes.

Mann: Yes, and the 12% are the ones who found the launch to be a bit much, which I can understand.

Hill: Understandable.

Mann: Yeah.

Hill: We’ve got an energy story that I don’t understand. We have a cybersecurity story that I really don’t understand. But we’re going to start with the mayhem that is AMC Entertainment. People on Reddit are buying shares of AMC Entertainment, but you know who is selling? AMC Entertainment.

Mann: I like the fact that you’re setting this apart and suggesting maybe you do understand this one.

Hill: I understand the optics of it anyway, but yeah, the company came out, they filed to sell more than 11 million shares, and the stock is down more than 30% today.

Mann: Right now, at the time that we’re speaking, it could end anywhere. Even at this point, AMC stock is up more than 100% for the week. The company came out and said, we are going to take advantage of the market and they were very clear in their filing. It was interesting. They said there is no business reason for this level of volatility, there’s no business reason for this price. We are going to sell and we are going to go out, use these proceeds to try and buy up some irreplaceable movie assets, which is great. This is exactly what they should be doing. What’s so funny to me about the meme stocks in general, take GameStop for example, is that the company is almost irrelevant to the story. At no point do you hear, “Hey, the CEO is doing X”, you just don’t hear these things. The only thing that really bothers me about this, Chris, though, is that yesterday, the stock went up, and at one point, it was up 120% on the day, which is a lot, and AMC came out and said we’re going to provide free popcorn and other benefits to investors knowing full well, had to, that they were going to be releasing something today, saying they were selling shares. That to me is just distasteful. Everything else about this I find fine.

Hill: I’m going to go in no particular order, I agree with you. It is distasteful the timing of that. That said, I think everything else that management is doing here makes sense. They are taking advantage of an inflated stock price. … They’re being very clear saying, “Look, here’s why we’re selling that.” If you’re a lawyer on staff at AMC Entertainment, you’ve got to be happy with the way they are handling this part of it.

Mann: You know, it would be awesome. Unfortunately, these things are bound by legal language. If they said, we’re selling 11 million shares, wouldn’t you? What do you expect us to do? The stock is down quite a bit today. Who knows where it will end up? This is a company that has not traded on its fundamentals. There is no reason that AMC, which lost $4 billion in 2020, which makes sense because the theaters were closed, it lost $150 million in 2019 when they were open. I have no explanation for this other than the market has lost its mind. But AMC is right to go ahead and say, “Well, OK, if you dare us to sell some, we’re going to sell some, and we’re going to keep selling until the price gets back to being in an irrational place, and at which time, we will have a lot of cash on hand.”

Hill: I said this the other day. This is unlike some of the high-flying Cloud-based Nasdaq stocks that have come down 20%, 30%, 40% off of their highs over the last few months, those are at least growing businesses in growing industries. When you look at the business of movie theaters, the most important trend is the fact that for the past 20 years, steadily, year-over-year, incrementally fewer people are going to the movie theater. Now, there are years where the overall box office receipts increase, but that’s due to price increases, that’s not due to more bodies coming into the theaters so unless AMC has a plan to get more butts in the seats, I’m not sure how this has a happy ending.

Mann: Well, not only that, but the way that movie theaters make money is off of concessions, and for movies that have been there for more than three weeks. For the first three weeks and this has been pretty much contractual across the board, the studio gets all of those ticket revenues, they all go and then you start to have some negotiated split. What happened during 2020, and it’s not the movie theater’s fault, is that that relationship was broken. We don’t have any guarantee that that’s going to come back. We had some big hits that literally went straight to streaming. I don’t know. The good news is that I think that the business case for AMC is almost irrelevant for what’s going on, it’s a meme, a $20 billion meme, so good luck, but I don’t really see the business case, but I completely see why AMC will say, “Look, if you give us access to enough money and enough resources, we can maybe build a business case.”

Hill: Let’s move on to ExxonMobil; an Actavis firm called Engine No.1, has won a third seat on Exxon’s Board of Directors, Actavis buying up shares and pushing for change in a given business is not unusual. What is unusual in this case is that Engine No.1 doesn’t have a 9% stake in ExxonMobil or a 5% stake, they have a 0.02% stake in this company. How is this happening? How are they able to affect change, at least in terms of getting people on the board when they own slightly more shares of ExxonMobil’s than I do?

Mann: Not many more. We know you’re a big deal. What a disaster this is for Exxon’s management team, particularly the CEO, Darren Woods. This is the most expensive proxy battle in history in the United States. The amount of money that was spent on competing on the Board slate, the company supported slate of directors vs this renegade set of directors, the activist investors, they had backing from a number of large pension funds which are huge investments including CalPERS, which is the California pension fund, CalSTRS which is the education pension fund for the state of California, New York Common Retirement Fund, a lot of big pension funds also got involved and supported the Engine No.1 Mobil. This is all about the activists believing that Exxon has not done enough, both from an environmental standpoint and from a business standpoint to move itself to carbon-neutral technology. That this is a path that seems obvious to them and if Exxon, with all of its resources moves there first, they will probably be able to compete. That is the argument and that is the theory of the case for these activist investors. Although Engine No.1 is not a big owner of Exxon, these are no mooks. It’s run by a guy named Gregory Goff, who used to be the CEO of a company called Tesoro, which is a oil and gas company, he had absolutely tremendous returns. There was a senior strategist from Google X, former Chief Executive of Vestas Wind Systems. These are people who know the business. This is a really really credible group that’s been put together.

Hill: Yet I’m looking at ExxonMobil stock up nearly 50% year-to-date, obviously. There are reasons for that that have nothing to do with the Board of Directors.

Mann: Oil prices definitely.

Hill: Right. Where do you think this goes over the next six to 12 months? I realize I’m asking you to look into your crystal ball, but in terms of the direction of ExxonMobil’s business, what should people expect?

Mann: Well, a third board seat is a huge thing. Two are enough to be loud. Three is enough to be transformational. I think you’re going to see Exxon move very quickly toward the exact thing that Engine No.1 is speaking of. In fact, you’re already seeing them, they’re coming out with reports of how they’re going to make their upstream carbon-neutral or moving toward those targets. I think it’s going to happen a lot faster. It would not surprise me. This is such a rebuke of the current management team. It would not surprise me if Darren Woods steps down pretty soon. He staked his reputation on winning this proxy battle and did not. There’s going to be some changes, and if that happens, these new board members will be instrumental in picking the next CEO and management team.

Hill: Shares of FireEye are down 15% today because the company is selling its products business and its name to a private equity firm, Symphony Technology Group, for $1.2 billion. The Cloud security network and email products will go to this private equity firm. The remaining cyber forensics business is going to be called Mandiant Solutions. What is going on here? I can’t recall whether it’s this industry or any other industry. I can’t recall ever seeing a story like this where they’re not just spinning off part of their business. What is left and what would you rather be the owner of?

Mann: As we are in the studio for this, the stock is down about 15%. Basically on this news, $1.2 billion sale to Symphony Technology Group, which is a private company. I actually like the deal. I understand exactly why the shares would be down this much. Because when you’re selling that big of a chunk of your business, there are a lot of shareholders who are owning your stock because of that chunk of business. It makes perfect sense to me that the market woke up today, it was like, “What I am going to do is step back because what will continue in place is not what I thought was going to be there.” But CEO Kevin Mandia has been very clear about the opportunity in cyber forensics. We see with these cyberattacks that there are going to be huge opportunities and they’re going to necessitate a coordinated government-led program. He wants to make sure that his company, Mandiant Solutions is best placed so that they can be a part of that conversation. I get why they would make this deal. I also get why the market doesn’t seem to like it at all. But I’ve never seen a company sell its name before.

Hill: We’ve talked before about the growing opportunity in the cybersecurity industry. I think over the last few years, it has definitely moved into that category for individual investors. If you’re building out your portfolio and you’ve got 25 stocks, I think cybersecurity is now in that category where you need to look at your portfolio and say, ”Where do I have exposure to the cybersecurity industry?” If you don’t have it, I think you should go out and find it.

Mann: Yeah, 100%.

Hill: But in this case, it sounds like within that industry, the CEO is basically saying, I’m putting all of my chips on cyber forensics and I’m going to take the short-term hit. This is where the growth engine is going to be.

Mann: Yeah, there’s $1.2 billion in cash that they’re going to have on hand as well.

Hill: Let me just add, for a company with a market cap of $4.5 billion, so it is not an inconsequential amount of money.

Mann: They have some firepower. They have some liquidity that they can do some things with. I think actually with cybersecurity the nature of the business, and we get asked this all the time, what are your favorite cybersecurity companies? I actually would take a basket approach and own several, or if not many of them, and think of them as one, two, or three positions in your portfolio. The reason is this, cybersecurity becomes more powerful the more players there are. In a lot of industries, if you go in as a hacker, that you only have to figure out one company’s protocols, then maybe I don’t know that that creates the same level of security as multiple ones with different levels of expertise. We don’t ultimately know which one is going to win. This is an area where I think it is incredibly important because unfortunately, the jerk element of this world is not slowing down. They are doing some really horrible things that have cost all of us whether we know it or not, a lot of money. I think you have to be involved with the companies that are on the front line in fighting the hackers and the cybersecurity terrorists. I really don’t know what you call them now, but enough is enough.

Hill: You don’t know what to call them, but you appear to have some insight into how they think, which I find a little unsettling. Last thing and then I’ll let you go. You talk about the basket approach, as confusing as I find this story, FireEye/Mandiant Solutions is down 15%, is this one that you look at and say, this is worthy of consideration for a place in a cybersecurity basket? Or do you want to see some of the dust settle from this move?

Mann: The answer is absolutely. I think that this company has a place. This move did not come from nowhere. This is Kevin Mandia, who is a founder of Mandiant, which was actually sold to FireEye, and then he became the CEO. This is his bread and butter. This is the company that he first founded. This is what he knows best. FireEye is a credible competitor in the space. The artist formerly known as FireEye should absolutely be something that you would consider.

Hill: That would be a better name than Mandiant Solutions. Bill Mann, great talking to you, as always, thanks for being here.

Mann: Thanks, Chris.

Hill: As always, people on the program may have interest in the stocks they talk about and The Motley Fool may have formal recommendations for or against so don’t buy or sell stocks based solely on what you hear. That’s going to do it for this edition of MarketFoolery. This show is mixed by Dan Boyd. I’m Chris Hill, thanks for listening. We’ll see you on Monday.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Rooster Soup for the Soul Leisure’s Display screen Media

COS COB, Connecticut, June 7, 2021 (GLOBE NEWSWIRE) – Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, announced today announced the acquisition of all North American rights to the upcoming thriller GOLD from writer / director Anthony Hayes through Screen Media, in which he co-stars with Zac Efron (The Greatest Showman, Extremely Wicked, Shockingly Evil and Vile) and Susie Porter (The Ape Mask, Freight ). Hayes is known for memorable roles in Animal Kingdom, The Square and The Slap. After a bidding competition among many competitors at the AFM last year, Screen Media prevailed by purchasing the film, which was shot in South Australia late last year and is currently in post-production.

GOLD is about greed and the efforts people make to make a fortune. When two men traveling through the remote desert encounter the largest gold nugget ever found, they must devise a plan to protect and excavate the gold. One goes to secure equipment while the other stays behind to protect the discovery … at all costs. GOLD was written by Anthony Hayes and Polly Smyth and produced by John Schwarz, Michael Schwarz (Danger Close, Killerman) and Hayes. Executive producers are Andrew Mann, Peter Touche, Simon Williams, Paul Wiegard, Will Clarke, Andy Mayson, Nick Forward and Mike Runagall. Altitude Film Sales is handling the international sales for the project. GOLD will be shown in Australia on the Stan streaming service as “Stan Original Film” following a theatrical release by Madman Entertainment.

“It is always a filmmaker’s dream to make a movie and get a major North American release for that film, and bidding wars are even less common,” said Hayes. “It is testament to our film GOLD and to everyone who worked so hard to bring it to life that Screen Media will bring this film to theaters and beyond in North America. It proves that the indie film landscape is alive and well and that distributors and audiences alike have an insatiable appetite for films made outside of the studio system. “

“We can’t wait for audiences to discover GOLD when it hits the big screen next year,” Screen Media said in a statement. “Anthony and Polly have created a dark and unforgettable parable about the perils of the modern world and Zac is the perfect choice to bring this exciting and relentless story to life.”

The deal was negotiated on behalf of Screen Media by Seth Needle, SVP of Global Acquisitions and Co-Productions, Screen Media, with Mike Runagall, Managing Partner at Altitude Film Sales, on behalf of the filmmakers.

Screen Media’s recent acquisitions include Megan Fox thriller Till Death and Mafia thriller The Birthday Cake starring Shiloh Fernandez, Ewan McGregor and Val Kilmer. Recent releases include the critically acclaimed documentary Street Gang: How We Got to Sesame Street, Senior Moment with William Shatner, Jean Smart and Christopher Lloyd, the Bella Thorne Thriller Girl, Simon West’s action-disaster film Skyfire and the Nicolas Cage- Hit Willy’s Wonderland.

ABOUT CHICKEN SOUP FOR SOUL ENTERTAINMENT, INC.
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand (VOD) networks. The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix. The company also purchases and distributes video content through its subsidiary Screen Media and produces long and short original content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. 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 foods under the brand name Chicken Soup for the Soul.

ABOUT SCREEN MEDIA VENTURES, LLC
Screen Media Ventures, LLC, a Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) company, has acquired the rights to high-quality, independent television series and feature films. Screen Media Ventures acquires worldwide distribution rights through cinema, home video, pay-per-view, free, cable and pay-TV, video-on-demand and new digital media platforms. The company acquires AVOD rights for third party networks and is the primary content supplier for Crackle Plus and other Chicken Soup for the Soul entertainment properties. With a library of over 1,500 television series and feature films, Screen Media Ventures is one of the largest independent providers of high quality television series and feature films to the US and international television markets, cable networks, home video channels and new media. For more information visit: www.screenmedia.net.

FORWARDING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not mentioned in this press release, and management’s current expectations and are not predictions of actual performance. Forward-looking statements are subject to known and unknown risks and uncertainties including, but not limited to, the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied in these forward-looking statements. These forward-looking statements are for date only, and the company expressly disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in company expectations thereof or changes in events, conditions or circumstances which a statement is based.

ALTITUDE MEDIA GROUP
Altitude Media Group is the independent UK-based studio headed by Will Clarke Chairman and Joint CEO with Andy Mayson, consisting of Altitude Film Production, Altitude Film Distribution with managing director Mike Runagall, High-altitude film rental with managing director Hamish Moseley and Height information with managing director Paul Sowerbutts. In February 2020, the US investment group 30WEST acquired a significant minority stake in the group.

Altitude Film Sales’ list includes: ALI & AVA written and directed by Clio Barnard; Survival thriller come out Wolves by Canadian filmmaker Adam MacDonald, SAS: Red notice with Sam Heughan, Ruby Rose, Andy Serkis, Hannah John-Kamen, Tom Hopper, and Tom Wilkinson; son, Horror film by Ivan Kavanagh with Andi Matichak and Emile Hirsch; The power by BAFTA-nominated writer and director Corinna Faith and with Rose Williams; Great white Director: Martin Wilson with Katrina Bowden; Jet ski, directed by James Nunn; documentary Diana from Oscar nominee Ed Perkins; and Chaplin. to hunt BAFTA and Sundance nominated filmmakers Peter Middleton and James Spinney.
@AltitudeSales

INVESTOR RELATIONS
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ellipse
csse@ellipsisir.com
(646) 776-0886

MEDIA CONTACT
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RooneyPartners LLC
kbarrette@rooneyco.com
(212) 223-0561

Sierra Leisure’s unique creators is likely to be making one thing new

On Saturday, YouTuber “Space Quest historian“Announced that Ken and Roberta Williams – founders of Sierra Entertainment – were making a new game. This message first came to him under dubious circumstances: via Twitter DM, from the third developer involved in the project, Marcus Mera. He looked skeptical, but Ken Williams then confirmed the story himself in response to the video ScreenRant.

While the game cannot be officially announced yet – in part because it still only contains “scratch graphics” – a “Preventive FAQ” has been shared on Facebook, allegedly by a friend of Williams on his behalf.

For those hoping for a revitalized Sierra, Williams “has no idea” if this is the start of a new business. He says he’s “happily retired” and, according to the FAQ, is more excited about developing a game than building a business.

Sierra Entertainment was originally founded in 1979 as On-Line Systems (then Sierra On-Line) and is best known for the series King’s Quest and Gabriel Knight. Sierra is also known as the editor of Half-Life, the game that gave birth to Valve as we know it today. The brand continues to exist under Activision to re-release some of their older games after a series of acquisitions and mergers, but the Williams had both left the company by 1997.

Despite what some might say, point-and-click adventure games are far from dead backbone and Lacuna is out this year, and genre favorites like Wadjet Eye have been releasing for over ten years. Even so, for fans of the most traditional adventure games, it can only be thrilling to see how their original designers may come back on the market.

The goal is to release it in November (“but that’s probably not realistic”) for Mac and Windows.

Preventing For A Half in Leisure’s Future

After last week’s Discovery and WarnerMedia news, one of the biggest questions is what happens next for everyone else?

The answer came quickly: Amazon bought MGM in a deal valued at $8.45 billion. Amazon’s intentions are to try and turn some of MGM’s most recognizable brands (Robocop, Rocky, etc) into better performing franchises. (How that affects James Bond is….complicated.) While critics, including some politicians, point to the acquisition as an example of Amazon having too much power — even if this merger doesn’t fall outside of antitrust practices — it’s a part of where entertainment is headed next. Consolidation comes for nearly everyone at some point.

Think of it like CEOs strapping an Infinity Gauntlet to their arm, trying to collect all the Infinity Stones so they can control the outcome of the future.

Understanding philosophies behind these massive mergers and acquisitions also helps us understand what the future of entertainment looks like. Netflix is looking to expand into video games, an industry that co-CEO Reed Hastings referred to as “a great and interesting area” back in June 2020. Now, the company is looking for an executive to oversee development in that area. Whether that means acquiring a studio or hiring an in-house team is unknown, but Netflix wants to build out its audience base, tackling one of its biggest competitors — Fortnite.

YESNO

The big question is what does this mean for the future of entertainment? Is it more Discovery-WarnerMedia type mergers, or is it massive companies expanding into new markets to reach their audiences across multiple platforms? There are three different types of deals we’re likely to see, not all equal in strength:

  1. Complementary deals that rely on franchise strength to create an undeniable product

  2. “Free” bundling that strengthens a core product

  3. Totally new ventures outside a core business that drives a bigger ecosystem for customers to live in

King Shark Can Now Host Shark Week

The most likely mergers and acquisitions we’ll see over the next little bit are going to arrive as a direct result of what’s happened over the last few weeks.

WarnerMedia is with Discovery. Amazon has MGM. Univision merged with Mexico’s Televiva in a deal valued at $4.8 billion. All will give their streaming services and entertainment businesses a more appealing catalogue of content and potential franchises that can help scale — and that’s the word of the last few years. Companies want to grow; now, they need to scale (hitting wild numbers), as fast as possible. For example, HBO Max is a general-premium streaming service that wants to be in 200 million homes, and Discovery caters to more “niche” interests. Combining those two helps create a necessary product, not just an optional one.

Reality is hard to face sometimes. The majority of mergers fail, according to the Harvard Business Review. Roughly 70 to 80% of all mergers end up falling apart. (This reminds me slightly of a Grey’s Anatomy episode where George is optimistic about being on the code team until he learns that more than 90% of code patients die.) AT&T’s acquisition of DirecTV failed spectacularly. AOL and Time Warner failed. Vivendi’s complicated acquisition of Universal was an absolute disaster. News Corp., the company behind Fox News, bought MySpace in 2005 and, well, we know what happened with MySpace.

But, again, not all deals are equal, and where some fail, others succeed. Take Amazon possibly buying MGM. The bigger that acquisition is, the more obvious the high-growth potential (the $$ reason it’s being bought) needs to be. When AT&T agreed to spend more than $85 billion on WarnerMedia, it needed to prove that owning an entertainment conglomerate would help its core product or stand on its own as a lucrative business. The issue with AT&T, a phone company first and foremost, buying WarnerMedia at a time when Hollywood was going through a revolutionary moment, was that WarnerMedia didn’t fit into a high-growth potential category.

Justice League Snyder Cut: All the Hidden Easter Eggs and Clues in the Mother Box Origins Clip

Zack Snyder has shared a new Mother Box Origins Clip for IGN Fan Fest 2021, and it is filled with Easter Eggs and nods to the history of Superman, Batman, Wonder Woman, Aquaman, Cyborg, and The Flash. 
The imagery of this Mother Box resembles the Source Wall from DC’s Fourth World comics. The Source Wall is a giant barrier surrounding the universe and separating it from the cosmic energy field known as the Source. The Source Wall is littered with the bodies of countless dead gods from eons past. They’re all chained together and trapped in poses of pain and anguish, not unlike the Justice League characters seen here. Is this simply a reminder of Snyder’s take on DC’s heroes as godlike figures dealing with operatic tragedy? Or is it a tease that the Snyder Cut will delve deeper into the mythology of the New Gods than fans are expecting?
From the iconic Bat-Signal to what looks to be the Kent’s farmhouse where Superman grew up – to far deeper cuts – we’ve gathered each and every Easter Egg and clue in the slideshow below. <br />” src=”https://assets-prd.ignimgs.com/2021/02/27/batman-1614450933217-1614452284253.png?width=888&crop=16%3A9&quality=20&dpr=0.05″ class=”jsx-2920405963 progressive-image image jsx-2126225085 expand loading”/></p>
<p>At least, not for many years. Think of it like this: AT&T executives’ entire philosophy was that WarnerMedia could help grow its broadband and mobile businesses through vertical integration. Basically, owning WarnerMedia and lining that up with a massive phone business would keep people on AT&T, or help bring new customers over. Core to that plan was launching a streaming service — HBO Max. </p>
<p>Except that streaming services take billions of dollars of investment, and even the biggest winners take years to reach real profitability. Executives were already staring down the barrel of massive debt load, jumping to <a target=more than $170 billion in debt with one purchase. WarnerMedia, even with its arsenal of strong franchises and a premium network like HBO, wasn’t Disney. It wasn’t a necessity for families, and at $15 a month, it was the most expensive of any streaming services. Plus, cable is a dwindling business and WarnerMedia was left trying to figure out how to cater to 90 million customers who were at risk of cutting the cord.

Successful mergers and acquisitions bring in complementary assets that will help drive considerable growth; Discovery and WarnerMedia make sense, AT&T and WarnerMedia don’t.

Verizon and T-Mobile Want to Give You Shit for “Free”

What we’re likely to see much more of is distributors like Verizon and T-Mobile working with content groups like Disney or The Athletic to offer “free” subscriptions as part of mobile, internet, and cable packages.

Like amenities that credit card companies offer, this makes sense for telecoms. They don’t want to buy and run Disney, nor are they trying to get into the digital media business with companies like The Athletic or the New York Times. What they do want to do, however, is use those streaming services to drive their broadband and mobile usage. It’s complementary, like a merger, but there’s little financial risk from the telecoms.

Unlike major players in the main entertainment space, distributors like Verizon and T-Mobile can also take advantage of complementary services across a wide spectrum of interests. Music, news, entertainment, media, and more become a benefit to telecom giants who want their customers to stay and use more of the broadband or wireless access they’re paying for.

Alex Sherman, a reporter at CNBC, has an excellent breakdown on this:

As part of Verizon’s unlimited data packages, $35 per month (plus taxes and fees) gives customers six months free of Disney+, Apple Music, and Discovery+.

Bump up to $45 a month, and Verizon offers Disney+, Hulu and ESPN+ as part of the package for as long as customers stay with the wireless company, along with 12 months of Discovery+. At $60 per month, Apple Music is included indefinitely. For 5G customers with select unlimited plans, Verizon also offered 12 months of PlayStation Plus and PlayStation Now late last year.

As Sherman points out, this seems like the most logical step forward. Telecom giants get the best advantages of partnering with a highly sought out media partner without the financial risk. Use Verizon as a case study. The company bought a bunch of digital media properties (Huffington Post, Tumblr) and even launched its own streaming service of sorts — Verizon Go90. All of those failed to generate meaningful revenue for Verizon, and Go90 is now a meme in certain circles.

These deals make sense for everyone involved. The content companies get additional sign ups (crucial for keeping Wall Street happy), and the distributors see an increase in usage and potentially new happy clients on the 5G side. It doesn’t cost $100 billion, and if the partnership doesn’t work out, there’s an expiration date in sight.

Netflix Makes Games Now

Just as I was sitting down to write this column, a report suggested that Netflix was trying to get into gaming.

This is the third type of move we’ll see — and arguably the most important. Companies that really want to lean into the audience-first, multi-platform strategy. Netflix’s co-CEO Reed Hastings has long said that its biggest competitors are Fortnite and YouTube. In turn, Netflix is now looking to create a mini, more controlled YouTube Lite app (N Plus) and is reaching out to potential gaming industry veterans who can oversee a push into gaming.

Another example of this is Apple and Amazon. Apple TV+, Apple Fitness+, Apple Music, Apple News+, and Apple Arcade are meant to reach audiences wherever their interests lie. Apple wants to meet them on their TV set, on their phone, in their stereo, or on their tablet, and give them everything they need all within one company. The company even created a bundle — Apple One — to make it slightly cheaper, accessible, and more appealing. Amazon has Prime Video, Twitch, Prime Music, and others to effectively do the same thing.

Apple and Amazon want your monthly payment — and your attention — so it’s not going elsewhere.

Best Apple Arcade Games

This strategy is largely referred to as ecosystem driving. If a customer is in the ecosystem, it’s much harder to leave it. Apple created Apple One not only in an effort to drive its services business, one that chief financial officer Luca Maestri spoke to as being key to the company’s future back in 2017, but also to ensure that when iPhone or iPad customers go to update, they stay using Apple products. Amazon is all about Prime; even Amazon Film Studios head, Jen Salke, has publicly spoken about initiatives within their own program to drive Prime subscriptions.

If done right, every part of the ecosystem will eventually drive enough revenue to create substantial profit for the company. Apple TV+ would drive subscriptions that pay for the films and TV shows being made, for example. Amazon Prime Video would drive a good amount of Prime Video subscriptions — something we don’t know if it currently does because Amazon doesn’t release breakdowns of its subscriptions.

Until that starts to happen (Apple TV+’s lineup of shows and films is getting better all the time), if the ecosystem just prevents people from switching over to a competitor, Apple and Amazon can start to build a stable foundation for recurring revenue. For this to work, however, it takes companies with sizable revenue, meaning they can take the initial cost hit that comes with acquiring, launching, and maintaining a new product.

Another great example is Facebook. Whether it’s Facebook Gaming or Facebook Watch, a big part of Facebook’s strategy is trying to keep you engaged on the site. The more engagement the company has, the more attractive it looks to advertisers, which means the more revenue it brings in. Facebook wants to steal attention (and advertisements) away from competitors like Twitch and YouTube, owned by Amazon and Google respectively, who alongside Facebook control nearly all advertising on the internet.

Ecosystems can be lucrative. Amazon’s various entities seem to work for driving and keeping Prime subscribers. But ecosystems require big spending. If it works, the result can be extremely rewarding. If it fails, the consequences can be devastating.

Why Does This Matter?

Mergers and acquisitions are fun “what if?” games to play. They don’t always come to fruition (more often than not, they don’t), but it’s amusing to think about what the next wave of entertainment and media can look like.

If you’re a comic book fan, the idea of Disney owning both Marvel and DC is a fun thought; if you’re a Nickelodeon fan who likes to watch a lot of shows on Netflix, the concept of ViacomCBS merging with Netflix is pretty cool. If you’re a Bond fan and want to watch a lot of it on Amazon Prime Video, well, you’re likely in luck.

These moves have a direct impact on how and where we watch what we do. That’s the simple gist of it. Understanding who controls that, and why they’d want to control it, is vital.

Did Madison Sq. Backyard Leisure’s (NYSE:MSGE) Share Worth Need to Acquire 13%?

On average, stock markets tend to rise higher over time. That makes investing attractive. But not every stock you buy is going to do as well as the overall market. For example the Madison Square Garden Entertainment Corp. ((NYSE: MSGE) the share price has risen over the past year, but its gain of 13% follows the market return. Note that companies generally do long-term, so last year’s returns may not reflect a long-term trend.

Check out our latest analysis for Madison Square Garden Entertainment

Madison Square Garden Entertainment is not currently profitable, so most analysts would expect revenue growth to get an idea of ​​how fast the underlying business is growing. Shareholders in unprofitable companies typically expect strong sales growth. Some companies are willing to shift profitability in order to grow sales faster. In this case, however, good sales growth is expected.

Madison Square Garden Entertainment even cut sales by 91% last year. Given the drop in sales, the modest 13% increase in the share price over the year seems pretty decent. In general, we’re pretty unhappy about losing stocks that are not seeing sales.

The graph below shows how revenue and earnings have changed over time (indicate the exact values ​​by clicking on the image).

NYSE: MSGE earnings and revenue growth May 16, 2021

These free interactive report on Madison Square Garden Entertainment Balance sheet strength is a good place to start if you want to further investigate the inventory.

Another perspective

We’re excited to announce that Madison Square Garden Entertainment is up 13% over the year. The bad news is that this is no better than the average return on the market, which was around 53%. The past three months have not been particularly good for shareholder returns as the stock price has lagged the market by 8.7% over the past three months. It could be that because of a major change recently, investors are more concerned about the business (or that the stock price has just gotten ahead of itself before). I find it very interesting to look at the share price as a proxy for business development over the long term. But to really gain insight, we need to consider other information as well. Take risks, for example – Madison Square Garden Entertainment has 1 warning sign We think you should be aware of this.

We’ll like Madison Square Garden Entertainment better when we see some big inside buying. Check this out while we wait free List of growing companies with significant insider buying recently.

Please note that the market returns reported in this article reflect the market weighted average returns on stocks currently traded on US exchanges.

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Do you have any feedback on this article? Concerned about the content? Get in touch directly with us. Alternatively, you can also send an email to the editorial team (at) simplywallst.com.

Golden Leisure’s 1Q earnings boosted by file adjusted money movement

Golden Entertainment Inc. executives believe the Strat Resort is in a good location.

With the new Circa and downtown arts districts that can direct traffic south and the upcoming Resorts World Las Vegas and new convention center amenities at the Las Vegas Convention Center that can direct traffic north, the Strat Positioned to catch two waves of companies that appear to have made great strides in the first quarter.

Golden reported a 15.7 percent increase in revenue for the quarter ended March 31, to hit the highest adjusted cash flow numbers in the company’s history.

“Our operating results for the first quarter reflect significantly improved sales, net income and quarterly adjusted cash flow,” said Blake Sartini, chairman and CEO of Golden. “These results highlight the strong demand for our properties coupled with a significant improvement in margins due to the adjustments we have made to our operations.”

Sartini said the company generated more than $ 40 million in its casino and distributed gaming segments during the quarter – the slot route it operates with its PT’s pub taverns and a Montana route.

“As the year progresses, we expect our free cash flow to allow us to reduce leverage and return capital to shareholders while providing additional financial flexibility to pursue potential strategic growth initiatives,” said Sartini.

Golden reported net income of $ 10.6 million, 35 cents per share, on revenue of $ 239.7 million for the quarter. A year ago, the company reported a net loss of $ 32.6 million ($ 1.17) on revenue of $ 207.2 million.

On a conference call with investors, Charles Protell, President and Chief Financial Officer of Golden, said the company is now focused on easing the burden on the company’s balance sheet and finding the best way to return capital to shareholders. Protell said the company is well positioned to capitalize on the return of conventions and trade shows. While the Strat doesn’t have the facilities to host large shows, it can host events related to its amenities.

A number of concerts and special events scheduled for the coming months should be beneficial to Goldens Showcase Resort. In April, Sartini said the Strat sold out its eligible hotel rooms every weekend.

Golden is also well positioned to generate income from its Laughlin activities.

Brad Goldberg, Golden’s senior vice president of marketing, said a series of concerts at the Laughlin Event Center should fill spaces in Golden’s Aquarius and Edgewater properties. Live music is planned for the summer calendar with America, Darci Lynne, the Little River Band, Lynyrd Skynyrd, Miranda Lambert and Toby Keith throughout the summer.

Golden Entertainment stock, traded on the Nasdaq exchange, closed Thursday at 50 cents per share, 1.4 percent, to $ 35.75 per share, with trading roughly twice the daily average volume.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. consequences @ RickVelotta on twitter.

My Leisure’s One Foot Ahead Inks Content material Offers With Mark Wahlberg, Extra – Deadline

EXCLUSIVE: My conversationThe recently launched division, formed to develop and produce premium, scriptless content for the leading streaming services, has released an impressive list of early content deals and IP content. Partners include Michael Sugars Sugar23 (Spotlight, Worth), Mark Wahlberg’s Unrealistic Ideas (HBO’s Wahl Street, McMillions), Laurent Bouzereau (HBO’s Natalie Wood: What’s Behind It, Netflix’s Five Came Back), and original Saturday Night Live writer Alan Zweibel (700 Sundays), Curb Your Enthusiasm, upcoming feature Here Today), Jeremiah Crowell (Netflix Pandemic: How to Prevent an Outbreak, HBO Max / Alex Gibneys Generation Hustle at Jigsaw Productions), Paul Pawlowski (Starz / Steven Soderberghs Leavenworth ), UFC: Road to the Octagon) Dave Check, Emmy and Peabody award winners (Leavenworth by Starz / Steven Soderbergh, ESPN 30 for Brothers in Exile from the 1930s) and Scout Productions (4-part documentaries equal to HBO Max, Emmy -Winner Queer Eye) for Netflix). The division is led by Joe Townley, COO / Executive Producer of My Entertainment.

Discovery Orders Global Series “Billy buys Brooklyn” with “Baggage Battles” star Billy Leroy

Michael Yudin, Joanna Zwickel
Courtesy of My Entertainment

The announcement was made on Tuesday by My Entertainment President and Founder Michael Yudin and Joanna Zwickel, Development Director of One Foot Forward.

Mark Wahlberg of Unrealistic Ideas, Steven Levinson, Archie Gipps
Courtesy of Unrealistic Ideas

Projects include Pellicano, a film that captures the real-world story of Hollywood’s most sought-after private investigator, Anthony Pellicano from Sugar23; Milk Carton Kids, a documentary that introduces four missing child survivors who were safely brought back after their photos were displayed on milk cartons as part of an advertising campaign from the 1980s to bring missing children home, out of Wahlberg’s unrealistic ideas ; and Marge Schott, a sports documentary directed by Emmy-winning Paul Pawlowski, about the first woman to own a baseball team and the first woman to take a team to the World Series.

One Foot Forward has also contracted the exclusive multimedia rights to Dorothy Carvello’s critically acclaimed anthology Anything for a Hit: An A&R Woman’s Tale of Surviving the Music Industry, Sex Cape in the Executive Suite at Atlantic Records, and the Toxic Work culture in the music business.

“I’m incredibly proud of the relentless work Joanna and our team put into developing these shows and working with such outstanding partners to bring this compelling list of new projects to life,” said Yudin. If I know the ways this industry is going as well as I do, it is amazing to me that all of this has been achieved in less than six months since we started One Foot Forward. “

Zwickel added, “From an international scam to issues of race, political controversy and the pursuit of human happiness, these headline-grabbing stories are powered by access to the key players involved. One Foot Forward is thrilled to be in business with such high profile talent and bring their unique point of view to the market. “

Here’s a closer look at the first one foot forward content deals:

Pellicano – Developed with Sugar23 and directed by Laurent Bouzereau. This film tells the personal story of Hollywood’s most sought-after private investigator, Anthony Pellicano, behind the headlines. An original, classic American character, Pellicano is revealed much more than the person who found their way into the well-known Tinseltown scandals and stories you read about. This will be a look at Pellicano’s passionate boss mentality and code, an ethic too far-fetched to invent – had it not been Hollywood that made it all come true.

Milk carton children – Series develops Mark Wahlberg’s unrealistic ideas. In the early 1980s, missing children were shown in milk cartons in hopes that widespread advertising would help bring them home. Hundreds of milk carton children are known to have been safely returned to their families only a dozen because of a milk carton. This documentary series will show the never-before-told story of four of these survivors.

Comedy documents – Executive Producer of the 5-time Emmy Award and Tony Award winner Alan Zweibel. Leveraging its longstanding industry relationships, Zweibel will add to this series of 30-for-30 documentaries some of the biggest names in comedy who apply a comedic tone to layered pieces of human interest. Zweibel said: “The first three documentaries are innovative in both content and approach. While ‘Sick Humor’ anecdotally explores jokes and their beneficial medicinal effects, with ‘Hangover Cure’ we tell the remarkable story of Martin Greenfield – the perfect example of the American dream a 93-year-old Auschwitz survivor lived as a youngster After that he came to America and founded a company in which he finally made bespoke clothing for six US presidents, top athletes and casts of successful TV shows and films. I am thrilled with the team we have put together to make these comedy documentaries a success. I will have the privilege of working with Bill Scheft – a 16-time Emmy nominee for David Letterman – and Ferne Pearlstein – 2004 Sundance Cinematography Prize winner for Imelda, who had four feature film premieres at the Tribeca Film Festival.

Russian roulette – Directed by Jeremiah Crowell and co-produced by Xpedition. This series offers an in-depth look at the capers in which a highly paid escort inadvertently posted an Instagram photo of their billionaire client, which in turn opened the door to a multinational scandal that pointed to Russian collusion in American politics.

Margin Schott – The director is Emmy Prize winner Paul Pawlowski. Former Cincinnati Reds star Eric Davis, who played Schott during the Marge era, is on board as an advisor on this sports documentary, which depicts the life and times of Schott, the first baseball team owner and first woman to team up brings the world investigates series. Schott was a controversial character from the start – in the current political climate with players getting on their knees and longstanding sports organizations changing their team names, it’s finally a good time for players to tell stories about the unsavory behavior they’ve seen during their tenure. Marge’s infamous behavior regarding racism, anti-Semitism, and general claims is revealed in this multilayered portrait of one of baseball’s most shocking characters.

Happiness project – In collaboration with Emmy-winning Scout Productions and in collaboration with the professor of Harvard’s Most Popular Course, the series is based on the popular happiness-based curriculum that combines the rigor of Ivy League studies with the personal stories and everyday applications.