Company type | Subsidiary |
---|---|
Industry | Film distribution |
Founded | 2001 |
Defunct | July 11, 2024 |
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 |
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]
A video rental shop/store is a physical retail business that rents home videos such as movies, prerecorded TV shows, video game cartridges/discs and other media content. Typically, a rental shop conducts business with customers under conditions and terms agreed upon in a rental agreement or contract, which may be implied, explicit, or written. Many video rental stores also sell previously viewed movies and/or new, unopened movies.
Chicken Soup for the Soul, LLC is an American self-help and consumer goods company based in Cos Cob, Connecticut. It is known for the Chicken Soup for the Soul book series. The first book, like most subsequent titles in the series, consisted of inspirational true stories about ordinary people's lives. The books are widely varied, each with a different theme.
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Chicken Soup for the Soul Entertainment, Inc. was an American media company based in Cos Cob, Connecticut. Established in 2016, it was a subsidiary of the publisher Chicken Soup for the Soul.
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