Home Fairfield Chicken Soup for the Soul buys Ashton Kutcher’s company for $15M

Chicken Soup for the Soul buys Ashton Kutcher’s company for $15M

The Cos Cob-based Chicken Soup for the Soul Entertainment Inc. has fully acquired A Plus, a digital media company co-founded and chaired by actor Ashton Kutcher, for $15 million in cash and stock.

A Plus was co-founded by Kutcher in 2014 as an online video news platform specializing in positive-focused journalism. CSS Entertainment acquired a majority ownership of the company in 2016.

“As we ramp up series production, we expect to rely even more heavily on the A Plus distribution capability,” said William J. Rouhana, Jr., CSS Entertainment’s chairman and CEO. “By eliminating video view distribution costs, this acquisition is expected to result in $5 million of cost savings in 2019 and will enhance our ability to increase the commitments we make to advertisers and increase our number of original series.”

Kutcher will remain as A Plus’ chairman of the board. “The full integration of A Plus and CSS Entertainment makes perfect sense to further CSS Entertainment’s content creation and distribution strategies,” he said in a statement. “I look forward to working with the team to continue to grow CSS Entertainment with A Plus as a wholly-owned part of the company.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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