Burdened by heavy losses and massive debt, Chicken Soup for the Soul Entertainment collapsed and filed for Chapter 11 bankruptcy in June 2024, which was quickly converted to Chapter 7 liquidation in July 2024.
Crackle even ventured into high-quality original programming, famously launching Jerry Seinfeld’s hit series Comedians in Cars Getting Coffee before it eventually moved to Netflix. 📉 Ownership Shifts & Financial Struggles Crackle Movie App
In 2019, Chicken Soup for the Soul Entertainment acquired a majority stake from Sony, taking full control by 2020. Burdened by heavy losses and massive debt, Chicken