COS COB, Conn., May 3, 2021 (GLOBE NEWSWIRE) – Chicken Soup for Soul Entertainment, Inc. (Nasdaq: CSSE), a leading provider of streaming advertising supported video-on-demand (AVOD) networks, announced today announced the creation of Halcyon Television on NewFronts in 2021. The company will launch Halcyon Television, a high-end, premium scripted television studio led by David Ellender as CEO, upon completion of the Sonar asset acquisition announced on April 9, 2020 The development portfolio and existing TV series Drama productions are expected to take place in the near future.

“The formation of Halcyon Television will help accelerate our company’s strategy of building the leading independent AVOD network in three ways. It will add high-end content to our original content development pipeline, increase our intellectual property rights, and provide a faster path for our international TV production and distribution activities to grow, ”said William J. Rouhana Jr., CEO of Chicken Soup at Soul Entertainment.

Halcyon Television has a robust drama development pipeline with more than 20 projects spanning library-based and native IP addresses from the US and Europe. Halcyon Television will focus on US development, financing and production as well as forging Creative partnerships in Europe with financial support from the company and sales from Halcyon Television’s sister company, Screen Media.

“We look forward to building a valued library of assets for the company and developing a new vision for the future of television as we continue the company’s mission of positive entertainment that elevates the human spirit,” said David Ellender, CEO from Halcyon Television.

Mr. Ellender at Halcyon Television joins Matt Loze as President – Scripted Entertainment, the first in a series of Sonar executives to be brought to Halcyon Television. Mr. Loze added, “Halcyon Television seems a fitting name to highlight a new commitment to supporting artists’ visions in telling moving stories that resonate around the world.”

Chicken Soup’s shared vision for Soul Entertainment and Halcyon Television is not only to aggressively build out of IP and library resources, but also to build a nimble and flexible company that is strategically and creatively additive for partners in the rapidly changing TV landscape.

ABOUT CHICKEN SOUP FOR SOUL ENTERTAINMENT
Chicken Soup for 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 original long and short form content through Landmark Studio Group, the chicken soup for the Soul Originals division, and APlus.com. 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.

WATCH TELEVISION VIA HALCYON
Halcyon Television, LLC was founded in 2020 by Chicken Soup for Soul Entertainment, Inc. Led by industry veteran David Ellender, Halcyon Television creates high quality, premium TV content with scripting. The content is distributed by sister company Screen Media Ventures. Halcyon Television’s projects include Hunters on Amazon Prime and Mysterious Benedicts Society on Disney Plus. Chicken Soup for Soul Entertainment, Inc. announced the signing of a definitive purchase agreement with Sonar Entertainment, Inc. and some of its subsidiaries by press release on April 9, 2021, and filed an updated report with the SEC on the same day on a Form 8-K with a summary the conditions for the proposed purchase of assets.

FORWARDING STATEMENTS
This press release contains forward-looking statements within the meaning of 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 Assumptions prove incorrect and actual results may be differ materially from the results of these forward-looking statements. These forward-looking statements speak only as of the date of this document, 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 regarding them or changes in events, conditions or circumstances on which a statement is based.

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