Popcornflix Explained

Popcornflix LLC
Parent:Chicken Soup for the Soul Entertainment
Company Type:Subsidiary
Location City:New York City, New York
Location Country:U.S.
Registration:None
Launch Date:March 2011
Current Status:Closed

Popcornflix LLC was a website and over-the-top (OTT) service offering free ad-supported streaming video of feature-length movies and webisodes owned by Chicken Soup for the Soul Entertainment.[1] [2]

History

Popcornflix was conceived in July 2010, and went into live beta in March 2011. The site primarily streamed independent feature films, many of which come from Screen Media's library.[3] The service is accessible in the United States and Canada, with plans to launch in more territories.[4] In 2017, Popcornflix's owner, Screen Media Ventures, was acquired by Chicken Soup for the Soul Entertainment.

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.[5] 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.[6] 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 Popcornflix.[7]

Platforms

Popcornflix was available on the following platforms:

Programming

In addition to full-length independent movies, Popcornflix featured original content including web series and film school originals.[9] [10] The service was accessible in the United States and Canada, and plans to launch in more territories were cancelled.[4]

External links

Notes and References

  1. Web site: Hachman . Mark . Popcornflix.com: a (Free) Hulu for Big Stars, Obscure Movies . . March 21, 2011 . October 5, 2011.
  2. Web site: November 7, 2017 . Andrew . McDonald . Popcornflix acquired by Chicken Soup for the Soul Entertainment . Digital TV Europe . June 22, 2019.
  3. Web site: Hoffelder . Nate . Hulu has a rival – Popcornflix.com . Mediabistro.com . March 23, 2011 . October 7, 2011 . September 13, 2011 . https://web.archive.org/web/20110913141529/http://www.mediabistro.com/ebooknewser/hulu-has-a-rival-popcornflix-com_b8024 . dead.
  4. Web site: Screen Media Ventures Chooses Brightcove to Support Free Online Digital Movie Platform Popcornflix.com . Satellite Spotlight . August 8, 2024 . https://web.archive.org/web/20120710190111/http://satellite.tmcnet.com/news/2011/04/25/5464729.htm . July 10, 2012 . April 25, 2011.
  5. Web site: Chicken Soup Reports $637 Million Loss for 2023, Preps Investors for Bankruptcy. April 23, 2024. April 23, 2024. NextTV. en.
  6. Web site: Hayes . Dade . Redbox Owner Chicken Soup For The Soul Entertainment Files For Chapter 11 Bankruptcy Protection . Deadline Hollywood. June 29, 2024 . June 29, 2024 .
  7. Web site: Harding . Scharon . DVDs are dying right as streaming has made them appealing again . Ars Technica . July 11, 2024 . July 12, 2024.
  8. Web site: Popcornflix App on Roku . Roku Guide . September 30, 2011 . October 10, 2011.
  9. Web site: Luchter . Les . Popcornflix Joins Ad-Supported Streaming Movie Race . MediaPostNews . June 6, 2011 . September 20, 2011 . https://web.archive.org/web/20110804204452/http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=151645 . August 4, 2011 . dead.
  10. Web site: Knutson . Chastity . Popcornflix – Free Movie Streaming Alternatives . Owl Ratings . May 11, 2017 . October 19, 2011.