Danny Stein: Last News

Cynthia Littleton Business EditorChicken Soup for the Soul, the parent company of Crackle and other streaming platforms, has reached an agreement to acquire production-distribution outfit 1091 Pictures for $15.6 million.The pact calls for Chicken Soup to acquire the New York-based company for $8 million in cash and the rest in stock. The deal brings to Chicken Soup a library of movies and TV series as well as its own streaming distribution platforms.Chicken Soup plans to merge 1091 Pictures assets with its Screen Vision division to enhance both companies’ ability to provides on-demand distribution options for independent filmmakers.“The 1091 Pictures team transformed their large content library into a scalable, modern distribution platform with a compelling slate of channels that are a pragmatic addition to our existing assets,” said David Fannon, president of Screen Media Ventures.

Todd Spangler NY Digital EditorIndie film and series distributor 1091 Media, which recently renamed itself as Streamwise, hired another key exec for its forthcoming business-to-business analytics platform for content owners: Doug Shineman, an alum of Roku and The Orchard, who has joined the company as chief revenue officer.As CRO at Streamwise, L.A.-based Shineman leads teams responsible for revenue generation, including all dealmaking, strategy and marketing for the business, while holding a dual role as chief revenue officer for 1091 Pictures.The company was formed last year, after principals Danny Stein and Joe Samberg acquired the Orchard Film Group from Sony Music Entertainment and redubbed it 1091.