Cosmo DeNicola Companies News


Wednesday, October 31, 2018

Chicken Soup for the Soul Entertainment Announces Acquisition of Truli.com

Chicken Soup for the Soul Entertainment, Inc. ("CSS Entertainment") (CSSE), a growing media company building online video-on-demand ("VOD") networks that provides positive and entertaining video content for all screens, today announced the acquisition of the assets of Truli Media Corp.

CSS Entertainment recently completed the acquisition of Truli.com, a global family-friendly as well as faith-based online video channel. The acquisition includes 2,500 hours of programming and brings CSS Entertainment an additional 630,000 Facebook fans. 

"The acquisition of Truli's content brings our content library to over 35,000 hours of programming." noted William J. Rouhana Jr., chairman and chief executive officer of CSS Entertainment. "Truli's content fits strategically in CSS Entertainment's plans. It includes film, television, music videos, sports, comedy and educational material." Rouhana continued "Truli will become our 7th ad-supported video-on-demand channel. We will also include some of the Truli content on our Popcornflix Kids channel and create a Truli-branded subscription channel using our recently acquired subsidiary, Pivotshare."

"I wanted to bring positive and uplifting content to the world." said Michael Jay Solomon, founder, chairman, and chief executive officer of Truli Media Corp. "CSS Entertainment fits perfectly with the content we provide at Truli and is best able to take Truli to the next level."

The terms of the transaction were not disclosed.

Topics: Chicken Soup for the Soul Entertainment