Sony sells off Crackle
March 29, 2019
Sony Pictures Television (SPT) is selling its VoD service, Sony Crackle, to Chicken Soup for the Soul Entertainment (CSS).
Chicken Soup, an AVoD network operator, will own a majority stake in the streaming video service which will be rebranded as Crackle Plus. Chief Executive Officer Bill Rouhana predicted the venture “will more than double the revenue” for CSS.
Financial terms of the deal were not disclosed.
In January, CSS acquired Ashton Kutcher’s digital media company APlus.com for $15 million.
Other posts by :
- US spectrum shuffle could earn SES billions
- FAA plans to tax rocket launches
- Could someone buy AST SpaceMobile?
- FCC: D2C is set for ubiquitous connectivity
- SpaceX continues complaints over Amazon Leo
- Starlink struggling for approval on South Africa, India
- Impressive Starlink deployment rate
- Bank: Space industry worth $1tn by 2040
- Xona Space wants 259 LEO satellites
