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.

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The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Top 4 Tech & Telecom Stocks That May Rocket Higher In July - Cineverse (NASDAQ:CNVS), Fangdd Network Group (NASDAQ:DUO)

LOS ANGELES , July 19, 2023 /PRNewswire/ -- Cineverse announced today that the Company has extended their relationship with longtime partner VA Media to continue expanding their channels' global footprint on YouTube and other social platforms. VA Media, the global leader in YouTube and social media monetization, had previously managed a number of Cineverse's brands and various titles under a global license and has now extended the pact to include growing audiences for the widely popular Free Movies from Cineverse, the fast-growing Screambox TV, westerns based Lone Star TV, family and faith favorite Dove TV and comic convention originated Con TV.

Cineverse Renews and Expands Their Global Commercial YouTube Channel Agreement with VA Media

One of the Largest Portfolios of Owned and Operated Streaming Channels & Platforms Joins Amagi's FAST Marketplace Allowing for Quicker Monetization and an Easier Discovery Process for Platforms Around the World LOS ANGELES, July 17, 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 it is expanding its strategic partnership with Amagi to leverage Amagi CONNECT, the premiere end-to-end FAST marketplace with global reach.  As part of this partnership, Amagi will provide its portfolio of hundreds of FAST channels to the flagship Cineverse streaming service as well as add Cineverse's portfolio of streaming channels to the Amagi CONNECT marketplace.

Cineverse & Amagi Expand Partnership: Amagi CONNECT to Power FAST Channels on Cineverse

New BPO business to help drive an estimated $7.5 million in SG&A reductions during the current fiscal year LOS ANGELES , July 11, 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 announced the launch of Cineverse Services India ("CSI"), a new business unit set up to facilitate Cineverse's Business Process Outsourcing (BPO) strategy, which is central to cost-cutting efforts in the current fiscal year. The new unit, located in Kolkata and adjacent to Cineverse's Engineering & Technology facility, will focus on providing customer service, quality control, operations, accounting, information technology, administrative and other back-office functions to support Cineverse's growth.

Cineverse Announces Launch of Cineverse Services India

Streaming revenue of $32.2 million, up 59% year over year and 230% on a 2-year basis, exceeding Company's 50% long-term annual revenue growth target Content and Entertainment gross margin rises to record 45% in Q4, up 700 basis points year over year Company issues revenue, gross margin and adjusted EBITDA guidance for Fiscal Year 2024 LOS ANGELES , June 29, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolio of streaming channels and content libraries, today announced its financial results for the fiscal fourth quarter ("Q4 FY 2023") and full year ("FY 2023") ended March 31, 2023.  FY 2023 Financial Highlights: Full-year consolidated revenue was $68.0 million, an increase of 21.4% from $56.1 million in the prior year.

Cineverse Reports Fiscal Year 2023 Results, Highlighted by Record Content and Entertainment Revenue of $56.0 Million, Up 48% Year over Year

LOS ANGELES , June 29, 2023 /PRNewswire/ -- Cineverse announced today that the Company has acquired all U.S. rights to the star-studded, modern-day bayou western The Dirty South . Cineverse is planning a Fall release, day and date in theaters and on VOD.

Cineverse Acquires Bayou Western 'The Dirty South' Starring Dermot Mulroney, Willa Holland and Shane West

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EverBank Financial

Marcus

Top 5 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter - AMC Enter Hldgs (NYSE:AMC), Cineverse (NASDAQ:CNVS)

LOS ANGELES , June 21, 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 provided the following comments from the Company's Chairman and CEO Chris McGurk regarding Cineverse's recent developments and long-term growth strategy. On June 16, 2023, the Company closed a public offering that raised aggregate gross proceeds of approximately $8 million, before deducting placement agent fees and other offering expenses.

Cineverse Chairman and CEO Comments on the Company's Recent Developments and Growth Strategy

LOS ANGELES , June 20, 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 announced that it will release financial results for the fiscal fourth quarter and year ended March 31, 2023, after market close on Thursday, June 29, 2023. Cineverse will host a conference call discussing these results at 4:30 p.m.

Cineverse to Report Fourth Quarter and Full-year Fiscal 2023 Results on Thursday, June 29, 2023

Electronic Arts

LOS ANGELES , June 15, 2023 /PRNewswire/ -- Cineverse (NASDAQ: CNVS) announced today that its multiplatform horror brand, Bloody Disgusting, will produce a new scripted audio series titled " Dead Space: Deep Cover" in cooperation with Electronic Arts Inc. (NASDAQ: EA), a global leader in digital interactive entertainment. Based on the award-winning video game series, "Dead Space: Deep Cover" is an all-new story set in the perilous universe of the Dead Space™ games, a survival horror franchise known for its intense gameplay and atmospheric storytelling.

Cineverse Podcast Network Announces New Scripted Audio Series "Dead Space: Deep Cover" - a Podcast from Bloody Disgusting in cooperation with Gaming Giant Electronic Arts (EA)

LOS ANGELES , June 14, 2023 /PRNewswire/ -- Cineverse announced today that the Company has acquired all North American rights to the pulse-pounding survival and inspirational drama On Fire . Inspired by the true and harrowing events which transpired during one of Northern California's most catastrophic wildfires, the film premiered at the 2023 Mammoth Film Festival where it was nominated for best genre film.

Cineverse Takes North American Distribution Rights on the Survival Drama 'On Fire' - Sets Early Fall Theatrical Release

Cineverse (NASDAQ: CNVS ) stock is falling on Wednesday after the company revealed the pricing of a public share offering. This stock offering has the global streaming technology and entertainment company selling 2,666,667 shares of CNVS stock alongside warrants for another 2,666,667 shares.

Why Is Cineverse (CNVS) Stock Down 24% Today?

LOS ANGELES , June 14, 2023 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of owned and operated streaming channels, today announced it has entered into securities purchase agreements for the purchase and sale of 2,666,667 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 2,666,667 shares of common stock at a combined public offering price of $3.00 per share and accompanying warrant for aggregate gross proceeds of approximately $8 million, before deducting placement agent fees and other offering expenses. The warrants will have an exercise price of $3.00 per share, will be exercisable immediately and will expire five years from the issuance date.

Cineverse Announces Pricing of $8 Million Public Offering

LOS ANGELES , June 13, 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 streaming content libraries, today announced that it intends to offer and sell shares of its common stock and warrants in a public offering. All of the securities to be sold in the offering are to be offered by Cineverse.

Cineverse Announces Proposed Public Offering

Industry leaders from ad-supported streaming television will work together to help build a healthy ecosystem that values independent voices & programming LOS ANGELES , June 13, 2023 /PRNewswire/ -- The Independent Streaming Alliance (ISA) announced its official formation today with Cineverse (NASDAQ: CNVS) joining as a founding member. The ISA is a pro-competitive independent industry forum to proactively engage and work collaboratively with consumers, platforms, and media.

Cineverse Joins as a Founding Member to the Newly Formed Independent Streaming Alliance (ISA)

LOS ANGELES , June 12, 2023 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), today announced that the Company has acquired all North American rights to the highly anticipated slasher sequel Terrifier 3 from filmmakers Damien Leone and Phil Falcone. This team previously collaborated on the ultra-gory indie-horror blockbuster Terrifier 2, which brought in over $15 million worldwide at the box office and stayed in the top 10 in North America for an entire month, generating substantial press coverage and social media activity, and essentially dominating the Halloween season.

Art the Clown Is Back! Cineverse Secures North American Rights to TERRIFIER 3, the Highly Anticipated Slasher Film Sequel by Damien Leone, Promising Filmmakers Unparalleled Creative Freedom

Under This New SaaS Deal for its Matchpoint Distribution Platform, Company to Provide its Industry-leading Technology to New TCL Mobile Phones and Televisions LOS ANGELES , June 9, 2023 /PRNewswire/ -- Today TCL ® , one of the world's best-selling consumer electronics brands and a leading television display technology innovator, and Cineverse Corp. (NASDAQ: CNVS), a premier streaming technology and entertainment company super-serving enthusiast fan bases, announced a new content and technology partnership.  Through this deal, Cineverse's proprietary Matchpoint™ technology platform has been selected to provide content services for new TCL televisions in North America.

Leading Television Brand TCL Partners with Cineverse to Provide Streaming Programming and Matchpoint Technology for its Award-Winning Television Portfolio

LOS ANGELES , June 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 streaming content libraries, today announced that its Board of Directors has approved a 1-for-20 reverse stock split of the Company's issued and outstanding Class A common stock (the "Reverse Stock Split"). The Reverse Stock Split will go into effect at 12:01 a.m.

Cineverse Announces 1-for-20 Reverse Stock Split

Cineverse Unleashes the Power of Sid & Marty Krofft Pictures with a Treasure Trove of Retro Network Series Ranging from 'H.R. Pufnstuf,' 'The Bugaloos,' 'Lidsville,' 'Land of the Lost,' 'Dr. Shrinker,' 'Far Out Space Nuts,' and 'Sigmund and the Sea Monsters' plus much more!

Cineverse to Launch Sid & Marty Krofft Channel on Heels of Securing Worldwide Classic Library Rights to 50 Years of Iconic Live-Action Shows

Marks Channel's First Third - Party Distribution Agreement LOS ANGELES , May 25, 2023 /PRNewswire/ -- Through a new deal with Sling Freestream, Cineverse (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of owned and operated streaming channels, has reached its first third-party distribution agreement for its true crime channel Crime Hunters.

Cineverse Reaches New Distribution Deal for its Crime Hunters with Sling Freestream

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Leadership Moves Reflect Cineverse's Evolution to Industry-Leading Independent Streaming Content & Technology Company LOS ANGELES , May 23, 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 owned and operated streaming channels, announced today the promotions of several key members of its leadership team, effective immediately. These strategic appointments reflect Cineverse's ongoing efforts to align the Company's expanding range of services and to position Cineverse for future innovation and growth.

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