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Screen Media

Screen Media Ventures, LLC
Company typeSubsidiary
IndustryFilm distribution
Founded2001 (2001)
DefunctJuly 10, 2024 (2024-07-10)
FateChapter 7 bankruptcy liquidation by parent company
HeadquartersNew York City, United States
Toronto, Canada
ParentChicken Soup for the Soul Entertainment
Websitescreenmediafilms.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 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 US 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]

  1. ^ "Screen Media Ventures, LLC: Private Company Information". Bloomberg. March 5, 2014. Retrieved September 20, 2017.
  2. ^ "Sean Bean's 'Drone' Lands at Screen Media Films". Variety. Retrieved September 20, 2017.
  3. ^ "Screen Media Films". Variety. Retrieved September 20, 2017.
  4. ^ "Screen Media Films Entering 'Temple' (Exclusive)". Bloody Disgusting!. May 26, 2017. Retrieved September 20, 2017.
  5. ^ Kit, Borys (January 30, 2015). "Sundance: 'Ten Thousand Saints' Sells to Screen Media Films". The Hollywood Reporter. Retrieved September 20, 2017.
  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.
  9. ^ Hayes, Dade (June 29, 2024). "Redbox Owner Chicken Soup For The Soul Entertainment Files For Chapter 11 Bankruptcy Protection". Deadline Hollywood. Retrieved June 29, 2024.
  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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