Screen Media

Last updated
Screen Media Ventures, LLC
Company type Subsidiary
Industry Film distribution
Founded2001;23 years ago (2001)
DefunctJuly 11, 2024;5 months ago (2024-07-11)
Fate Chapter 7 bankruptcy liquidation by parent company
Headquarters New York City, United States
Toronto, Canada
Parent Chicken Soup for the Soul Entertainment
Website screenmediafilms.net

Screen Media Ventures, LLC was an American-Canadian distribution company founded in 2001 and owned by Chicken Soup for the Soul Entertainment since 2017 alongside its subsidiary Popcornflix. [1] [2] [3] [4] [5] [6] In 2008, Screen Media selected The Creative Coalition as its exclusive nonprofit partner in launching the Spotlight Initiative. The partnership permits the pursuit of active outreach efforts for issues showcased in Screen Media produced and distributed motion pictures. While the Spotlight Initiative serves as a strategic business component that will create unique marketing, branding, and advertising opportunities as well as value for mass marketers, it also enhances America's cultural connection to the stories and social agendas of our times. [7] On April 23, 2024, Chicken Soup for the Soul Entertainment announced a $636.6 million loss in 2023, and warned that without any options to generate additional financing, the company may be forced to liquidate or pause operations, and seek a potential Chapter 11 bankruptcy protection filing. [8] On June 29, 2024, the company filed for Chapter 11 bankruptcy protection after missing a week of paying its employees and failing to secure financing. [9] On July 11, the U.S. Bankruptcy Court approved a conversion of the bankruptcy to Chapter 7, which would signal a liquidation of the company's assets, and the cessation of its subsidiaries, including Screen Media. [10]

Contents

Selected films

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References

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  6. "Popcornflix acquired by Chicken Soup for the Soul Entertainment". Digital TV Europe. 2017-11-07. Retrieved 2019-06-22.
  7. "The Creative Coalition and Screen Media Films Announce Spotlight Initiative: Independent Films Making a Difference". The Creative Coalition. January 8, 2008. Retrieved September 20, 2017.
  8. "Chicken Soup Reports $637 Million Loss for 2023, Preps Investors for Bankruptcy". NextTV. April 23, 2024. Retrieved April 23, 2024.
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  10. Harding, Scharon (2024-07-11). "DVDs are dying right as streaming has made them appealing again". Ars Technica. Retrieved 2024-07-12.
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