Cineverse Corp

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Cineverse Corp Reports Transition Year, Plans Growth

Cineverse Corp's FY 2024 marked a year of strategic transition, focusing on cost optimization and operational efficiency. Despite revenue challenges, the company is poised for growth with its strong franchise, technological advancements, and new market initiatives. The stock repurchase program reflects confidence in the company's valuation and future prospects.

Cineverse Corp plans profit boost with Terrifier 3 release

Cineverse Corp aims for sustainable cash flow positivity in FY 2025.
Focus on boosting profits with upcoming theatrical release and new technologies.
Addressing revenue decline through direct sales and content monetization strategies.
Confidence in revenue growth despite current timing-related challenges.

Cineverse Corp (CNVS) excels in Q2 2025, poised for growth

Cineverse Corp (CNVS) reported strong Q2 2025 results, driven by the success of Terrifier 3 and growth in streaming and digital revenue.
The company's focus on technology, content expansion, and strategic initiatives sets the stage for sustained profitability and future growth.
While challenges exist in maintaining growth and balancing investments, Cineverse's competitive strengths and market opportunities bode well for its future success.

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Cineverse Corp. is a global streaming technology and entertainment company. It owns and operates streaming channels, all powered by its advanced, proprietary technology platform. The firm currently features enthusiast brands for subscription video on demand, advertising-based video on demand, and free, ad-supported streaming television channels. It entertains consumers around the globe by providing premium feature films and television series, enthusiast streaming channels, and technology services to some media, retail, and technology companies. The company was founded by A. Dale Mayo on March 31, 2000 and is headquartered in New York, NY.

New, Earlier Release Date Ensures Fans Won't Have to Wait to See Art the Clown Murder Christmas Joy for the Residents of Miles County in the Highly Anticipated Threequel LOS ANGELES , May 1, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have today announced that the Terrifier 3 is now slated for an October 11 th  premiere this year. This moves the release date up two weeks, giving fans even more time to get into the holiday spirit –  and make sure their stomachs are fully settled in time for any year-end family gatherings and dinners.

Cineverse and Bloody Disgusting to Premiere Terrifier 3 in Theatres Across North America on October 11

Expansive licensing agreement with Cineverse includes The Bob Ross Channel, Comedy Dynamics, Dove Channel, and Dog Whisperer with Cesar Millan, while Scripps Networks' Court TV and Scripps News all join DIRECTV's rapidly expanding lineup today LOS ANGELES , April 23, 2024 /PRNewswire/ -- DIRECTV is adding seven new channels to its rapidly expanding streaming lineup through new licensing agreements with Cineverse Corp. (NASDAQ: CNVS) and Scripps Networks. The first of Cineverse's more than a dozen popular channels to join DIRECTV streaming homes are The Bob Ross Channel, Comedy Dynamics, Dog Whisperer with Cesar Millan, and Dove Channel (family programming).

DIRECTV Delivers More Choice with Seven New Channels from Cineverse and Scripps Networks

The Popular Streaming Services Are Now Available to Millions More Households Across the US, Joining Other Cineverse Channels Including Docurama, Dove Channel, Midnight Pulp, Fandor, and Screambox LOS ANGELES , April 17, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced the launch of AsianCrush and RetroCrush on Comcast's Xfinity and Xumo streaming devices, expanding the reach of the streaming services to millions of new households across the US. AsianCrush which is dedicated to bringing viewers the best of pan-Asian entertainment, and RetroCrush, which offers classic anime titles, are both available as subscription video on demand (SVOD) add-ons for an additional monthly fee.

Cineverse's AsianCrush and RetroCrush Launch on Xfinity and Xumo Streaming Devices

Built in Collaboration With Google Cloud's Gen AI Technology, cineSearch Will Be the Most Advanced Search and Discovery Tool for Film and Television Content LOS ANGELES , April 10, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), a global streaming technology and entertainment company, has selected Vionlabs and Datatonic as key technology partners for the company's new generative AI search and discovery tool, cineSearch. Through these strategic partnerships and developed using Google Cloud's Vertex AI platform, cineSearch promises to redefine how audiences interact with movies through Ava – new personalized AI video adviser designed to make deciding what to watch as entertaining as the entertainment itself.

Cineverse Enlists Top AI Companies Vionlabs and Datatonic to Further Enhance Content Discovery Tool cineSearch

Distribution Deal follows Successful Theatrical Run for 2022 Sensation Terrifier 2, which Grossed more than $15 Million at the Global Box Office LOS ANGELES , April 9, 2024 /PRNewswire/ -- Cineverse (NASDAQ:  CNVS ), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have today announced that it has chosen Iconic Events Releasing as the theatrical distribution partner for Terrifier 3 from filmmakers Damien Leone and Phil Falcone. The announcement was made at CinemaCon, taking place this week in Las Vegas, and as the film wraps production in New Jersey, ahead of a Q4  2024 release in theaters nationwide.

Cineverse and Bloody Disgusting Partner with Iconic Events Releasing for Terrifier 3 Q4 2024 Theatrical Release

Gracenote Entertainment Metadata Helps cineSearch's Ava Chatbot Solve Significant Consumer Problem of Figuring out What to Watch LOS ANGELES , April 8, 2024 /PRNewswire/ -- Cineverse (NASDAQ:CNVS), an innovative streaming technology and entertainment company, continues to form strategic relationships that will help solve the industry's content search and discovery issues. The company has today announced a deal with Gracenote, a Nielsen company, to integrate industry-leading metadata for millions of films and television shows into cineSearch – Cineverse's AI-powered conversational entertainment search platform that is set to be unveiled this spring (visit cineSearch.com to join the waitlist).

Cineverse Teams Up With Gracenote to Vastly Expand Search Capabilities for cineSearch - the Conversational AI-Powered Discovery Tool for Film and Television Content

The "Yu-Gi-Oh!" Franchise, Among Titles Bolstering Cineverse's Anime Library for Distribution LOS ANGELES, March 26, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), a global streaming technology and entertainment company, has announced a multi-year extension of its partnership with Konami Cross Media NY, Inc. (KCMNY), solidifying the Company's position as a leader in the streaming anime landscape.

Cineverse Signs Multi-Year Deal with Konami Cross Media NY, Inc. Unveiling Exciting Programming for Anime Fans in 2024

The Documentary Features Carissa Moore and Caroline Marks as They Vie for Their Spots on the First U.S. Olympic Women's Surfing Team. NBA Icon Kobe Bryant Captured in One of His Last On-Camera Appearances.

Women Surfers Compete for History-Making Olympics Team in Represent, Streaming Now Exclusively on Peacock

LOS ANGELES , March 15, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS) announced today that the pulse-pounding survival drama ON FIRE is coming to the NBC Universal streaming service Peacock this spring. Inspired by the true and harrowing events from several catastrophic wildfires on the Pacific coast, the film premiered at the 2023 Mammoth Film Festival where it was nominated for Best Genre Film.

Survival Drama ON FIRE Heads to NBC Universal Streaming Service Peacock March 22

New Omnichannel Platform Brings Together CTV, FAST, Audio, Digital, Social, and Events reaching more than 82 million enthusiast monthly viewers across more than 1.2 billion devices Top Independent Publisher of Digital Content, Podcasts and CTV/FAST Channels Connects with Fans Across Popular Genres Such as Anime, Family and Horror Terry City, Ad Industry Veteran from Yahoo!, Buzzfeed, Tastemade and Variety, joins Cineverse as SVP and Head of Cineverse 360 LOS ANGELES , Feb. 15, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), today announced the launch of Cineverse 360 (C360), a new ad platform providing brands the ability to connect with enthusiast audiences across an exclusive, omnichannel mix of marketing offerings.

CINEVERSE ANNOUNCES THE LAUNCH OF NEW AD PLATFORM 'CINEVERSE 360'

Cineverse (NASDAQ: CNVS ) stock is down on Thursday following the release of the streaming technology and entertainment company's fiscal Q3 2024 earnings report. CNVS stock is down after the company revealed diluted earnings per share of -22 cents.

Why Is Cineverse (CNVS) Stock Down 32% Today?

Total Revenue of $13.3 Million Total Direct Operating Margin Increased to 59% from 48% Selling, General, and Administrative Expenses Decreased By $2.7 Million, or 30% Adjusted EBITDA of $1.8 Million LOS ANGELES , Feb. 14, 2024 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the fiscal third quarter ended December 31, 2023 ("Q3 FY 2024").  Q3 FY 2024 Highlights (all comparisons are to the prior year fiscal quarter ended December 31, 2022):  Similar to the reported results for last quarter, the Company's initiatives to reduce operating costs, optimize our streaming channel portfolio and increase margins continued to have a very positive impact on our financial results.

Cineverse Reports Third Quarter Fiscal Year 2024 Results

Cineverse (NASDAQ: CNVS ) stock is rising higher on Thursday after the company announced a new partnership with Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) Google Cloud. Cineverse says that this has it using Google Cloud's Vertex AI Search to develop its cineSearch technology.

Why Is Cineverse (CNVS) Stock Up 50% Today?

The cineSearch Service Enhances Content Discovery via an Extensive Catalog of Enriched Metadata to Power a Next-Generation Recommendation System with Unified Search Across All Streaming Platforms LOS ANGELES , Feb. 14, 2024 /PRNewswire/ -- Cineverse Corp . (NASDAQ: CNVS), a global streaming technology and entertainment company, announced today the forthcoming launch of cineSearch.

Cineverse Partners with Google Cloud to Launch a Conversational AI-Powered Search & Discovery Tool for Film and Television Content

Ensures the Streaming Tech and Entertainment Company Will Continue to Be Well-Positioned Financially LOS ANGELES , Feb. 12, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced that it has expanded its line of credit from East West Bank to $7.5 million. "We are pleased to have closed this expanded credit facility, further strengthening our balance sheet without any equity dilution.

CINEVERSE EXPANDS EXISTING CREDIT LINE WITH EAST WEST BANK TO $7.5 MILLION

New Linear Streaming Channel First Available with Sling Freestream LOS ANGELES , Feb. 8, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today unveiled a new, free ad-supported streaming television (FAST) channel, EntrepreneurTV. The live channel is initially available on Sling Freestream, with additional distribution coming soon.

Cineverse Debuts EntrepreneurTV FAST Channel

LOS ANGELES , Feb. 7, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced it will release its financial results for the third quarter of its fiscal year 2024 ended December 31, 2023, after market close on Wednesday, February 14, 2024. Cineverse will host a conference call discussing these results at 4:30 p.m.

Cineverse to Report Third Quarter Fiscal 2024 Financial Results on Wednesday, February 14, 2024

50 Years of Iconic Shows Available as a VOD Offering on The Roku Channel, Cineverse, Dove Channel and Midnight Pulp LOS ANGELES , Feb. 5, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the debut of the Sid & Marty Krofft Channel. The Kroffts' iconic shows can now be found as branded video-on-demand (VOD) channels on select company-owned-and-operated streaming services, including Midnight Pulp ( www.midnightpulp.com ), Dove Channel ( www.dovechannel.com ) and Cineverse ( www.cineverse.com ).

Cineverse Premieres Sid & Marty Krofft Channel

Every Episode of Iconic Series Now Available as a FAST Channel on Amazon Freevee LOS ANGELES , Jan. 12, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced that its newest free, ad-supported streaming television (FAST) channel – Dog Whisperer with Cesar Millan  – has launched on Amazon Freevee . This is the ninth channel from Cineverse's portfolio to launch on Amazon Freevee, joining The Bob Ross Channel, Comedy Dynamics, Dove Channel, Midnight Pulp, Nacelle Pop, Real Madrid TV, RetroCrush and SCREAMBOX TV.

Cineverse Debuts New FAST Channel: Dog Whisperer with Cesar Millan

The Media and Entertainment Strategist Further Bolsters the Streaming and Technology Company's Push Into New and Emerging Tech. LOS ANGELES , Dec. 19, 2023 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS ), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced that media and entertainment strategist Mary Ann Halford has been appointed to its Board of Directors.

Mary Ann Halford Appointed to Cineverse Board of Directors

LOS ANGELES , Nov. 22, 2023 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, announced today that the Company has signed a new agreement with leading digital content studio, Little Dot Studios (an All3Media company), to manage and grow a handful of their owned & operated OTT channels. In this new deal, Fandor (a classic film lovers subscription service); RetroCrush (a fan favorite anime channel) and Midnight Pulp (retro cult movie Fan channel) will now be exclusively marketed and managed on YouTube by Little Dot Studios.

Cineverse Inks Global Commercial YouTube Channel Agreement with Little Dot Studios

Cineverse Corp. (NASDAQ:CNVS ) Q2 2024 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Gary Loffredo - Chief Legal Officer, Secretary & Senior Advisor Chris McGurk - Chairman and Chief Executive Officer Mark Lindsey - Chief Financial Officer Erick Opeka - President and Chief Strategy Officer Tony Huidor - Chief Operating Officer and Chief Technology Officer Yolanda Macias - Chief Content Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Daniel Kurnos - The Benchmark Company Operator Good day, everyone. Welcome to Cineverse's Second Quarter Fiscal 2024 Financial Results Conference Call.

Cineverse Corp. (CNVS) Q2 2024 Earnings Call Transcript

Names Tom Owen Managing Director of Audio and Pacific Obadiah Head of Original Programming – Team Plans to Build upon Horror-Driven Record Month of Ad Revenue and Downloads Company Announces Launch Dates of 'Terrifier 2' Audiobook, eBook and Print Editions Available in February 2024 and Scripted Podcast 'Dead Space: Deep Cover' (with Electronic Arts) in Summer 2024 LOS ANGELES , Nov. 16, 2023 /PRNewswire/ -- Cineverse Corp . (NASDAQ: CNVS), a global streaming technology and entertainment company, announced today plans to expand the company's revenue-generating opportunities in audio and publishing.

Cineverse to Capitalize on Momentum of Bloody Disgusting Horror Brand with Audio Expansion and Formation of New Publishing Imprint, Bloody Press

Total Revenue of $13.0 Million Total Direct Operating Margin Increased to 64% from 42% Recurring Direct Operating Margin Increased to 56% from 30% Operating Expenses Decreased by $6.3 Million, or 34% Adjusted EBITDA Increased by $3.7 Million, or 283%, to $2.4 Million LOS ANGELES , Nov. 14, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the fiscal second quarter ended September 30, 2023 ("Q2 FY 2024").  Q2 FY 2024 Highlights (all comparisons are to the prior year fiscal quarter ended September 30, 2022):  During the Quarter, the Company's initiatives to reduce operating costs, optimize our streaming channel portfolio and increase margins had a very positive impact on our financial results.

Cineverse Reports Second Quarter Fiscal Year 2024 Results

LOS ANGELES, Nov. 8, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today released the following statement by Chairman and CEO Chris McGurk. To Our Valued Stakeholders, Today marks a significant milestone in the journey of Cineverse as we announce a groundbreaking partnership with Amagi, the global SaaS leader in cloud-based linear playback technology for broadcast and connected TV.

News for Cineverse Corp Stock (CNVS)