Board Authorizes Additional $10 Million in Common Stock Repurchases in Addition to Previously Announced $10 Million Plan 

 COS COB, CT – Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (“AVOD”) networks, today announced that its board of directors approved of a $10 million increase in its common stock repurchase program, to a total of $20 million. 

 The initial $10 million authorization was approved in November 2021. As of December 17, 2021, the Company had repurchased 675,365 shares for approximately $9.8 million. The Company anticipates that any potential additional repurchase activity would be conducted opportunistically, in open-market transactions. 

 “Today’s increased authorization by the Board of Directors reflects confidence in the execution of our business plan, including the significant growth and expansion achieved in 2021. We are positioned to create significant shareholder value as we pursue our objective of building the best AVOD in a thriving streaming industry,” said Chris Mitchell, chief financial officer for Chicken Soup for the Soul Entertainment.