Chicken Soup for the Soul tightens belt, but not planning layoffs, Deadline says

Chicken Soup for the Soul Entertainment is tightening its corporate belt amid a tough operating environment, and the company plans to defer executive bonuses typically paid out in March until Q2 and renegotiate select distribution deals for titles inherited in the Redbox deal, Deadline’s Dade Hayes reports. According to multiple sources, the company is not planning layoffs and has lined up a $50M infusion from a share purchase agreement as it seeks to shore up its financial resources. Reference Link