Welcome to our dedicated page for Cineverse news (Ticker: CNVS), a resource for investors and traders seeking the latest updates and insights on Cineverse stock.
Cineverse Corp. (NASDAQ: CNVS) is a pioneering streaming technology and entertainment company, specializing in the distribution and creation of premium content. Leveraging a state-of-the-art proprietary technology platform, Cineverse operates an extensive portfolio of owned and operated streaming channels. These include Subscription Video on Demand (SVOD), Advertising-Based Video on Demand (AVOD), and Free Ad-Supported Streaming Television (FAST) channels.
The company primarily operates through two segments: Content & Entertainment and Cinema Equipment, with the former contributing the majority of its revenues. Cineverse provides a full spectrum of services and content to some of the world's most recognized digital platforms such as iTunes, Netflix, and Amazon, as well as cable and satellite providers like Comcast and Dish Network.
Cineverse is not just a content provider but a technological innovator. Recently, it launched cineSearch, an AI-powered conversational entertainment search platform designed to enhance content discoverability. Utilizing advanced metadata and AI recommendations, cineSearch aims to reduce viewer churn and improve user experience by offering personalized content suggestions.
In addition to its digital streaming services, Cineverse has formed influential partnerships and expanded its international presence. A notable example is the recent collaboration with Australia's Network 10 to bring Cineverse's FAST channels to 10 Play, marking a significant step in its global expansion strategy.
The company also boasts a successful podcast network, achieving over 12 million downloads and streams per month, positioning itself among industry giants. Another key project includes the remastering of
Cineverse (NASDAQ: CNVS) announced the premiere of 'The Joy of Painting with Nicholas Hankins: Bob Ross' Unfinished Season' on The Bob Ross Channel starting February 3. The 13-episode series features certified Bob Ross instructor Nicholas Hankins completing Ross' final paintings, with new episodes airing Mondays at 6 pm ET on the free ad-supported streaming television channel.
To celebrate the premiere and International Painters Day, Cineverse will host a live paint-along with Hankins on TikTok in collaboration with Pluto TV and Bob Ross Inc. The Bob Ross Channel, launched in April 2020, has become one of Cineverse's top FAST channels, with viewers consuming nearly 3 billion minutes of content in 2024, an 11% increase from the previous year.
The series will be available across multiple platforms including Pluto TV, Samsung TV+, Prime Video, DirecTV, Tubi, Vizio, Sling, and GoogleTV, powered by Cineverse's Matchpoint technology.
Cineverse (NASDAQ: CNVS) has expanded its partnership with Fubo (NYSE: FUBO) to distribute new FAST (free, ad-supported streaming television) channels. The agreement includes the immediate launch of Dog Whisperer with Cesar Millan and Go Pro Channel, with So... Real coming soon to all Fubo's English-language channel plans.
These channels join existing Cineverse networks on Fubo, including The Bob Ross Channel, Comedy Dynamics, Dove Channel, and RetroCrush. The Dog Whisperer channel features the award-winning show that once attracted over 10 million weekly viewers. The Go Pro Channel offers first-person action sports content, while So... Real will showcase reality programming from the UK & Australia.
Cineverse (NASDAQ: CNVS) has announced a strategic partnership with JoySauce, utilizing Cineverse's proprietary Matchpoint™ streaming technology platform. JoySauce, a lifestyle company focused on American Asian content, will use Matchpoint to license, monetize, and distribute its library of original and exclusive content.
The partnership will unfold in two phases: Initially, JoySauce will use Matchpoint to ingest and license its content library to leading streaming platforms. In the second phase, planned for later in 2025, Cineverse will help create a standalone streaming service, including a branded JoySauce SVOD app and a FAST channel.
The content library includes original productions like 'Mixed Six' and 'VeryAsianConversations', along with acquired content such as 'Kim's Convenience', 'Jimmy O. Yang Good Deal', 'Project Gutenberg', and 'Bulge Bracket'. The service aims to target both the AAPI community and viewers interested in American Asian content.
Cineverse (CNVS) has announced the theatrical release of 'The Toxic Avenger', securing U.S. and Canadian theatrical, home entertainment, and streaming rights through a deal with Legendary Entertainment. The unrated wide release, directed by Macon Blair and starring Peter Dinklage, will hit theaters in 2025.
The film, a reimagining of the cult-classic franchise, has already garnered critical acclaim with a 92% score on Rotten Tomatoes following its premiere at Fantastic Fest. The story follows janitor Winston Gooze (Dinklage) who transforms into a mutant vigilante after a shocking accident. The all-star cast includes Kevin Bacon, Elijah Wood, and Jacob Tremblay.
This release follows Cineverse's success with unrated films, including Terrifier 3, which became the highest-grossing non-rated film in U.S. history. The company continues to expand its portfolio of iconic franchises with passionate fan bases.
Cineverse (NASDAQ: CNVS) has announced two new additions to its indie film streaming service Fandor. Human Hibernation, winner of the FIPRESCI Critics Prize at Berlinale 2024, will be available from January 21st. The film follows Clara's search for her sister Erin, who mysteriously awakens early from hibernation in a society that hibernates during winter months.
The Accident, winner of the Narrative Grand Jury Prize at the 2024 Slamdance Film Festival, will premiere on April 8th. It tells the story of Marcella, a recently separated mother who enters the towing business after losing her job.
These films join Fandor's catalog, which includes the acclaimed Hundreds of Beavers, recognized as 2024's Highest Rated Comedy on Letterboxd and featured among the best films of 2024 by major publications. The platform's current lineup includes notable titles such as Atlantide, Mustang, and The Love Witch.
Cineverse (NASDAQ: CNVS) announced that Terrifier 3, the highest-grossing non-rated film in U.S. history, will premiere on SCREAMBOX streaming service on February 14, 2024. The release will feature a new stunt 'Terrify Your Heart: Art's Bloody Valentines,' followed by a behind-the-scenes documentary 'ART ATTACK!' on March 14.
The film has achieved remarkable success, generating nearly $55 million at the box office and performing strongly in digital sales, reaching top positions on various platforms including #1 on Fandango, #2 on Microsoft, and #3 on iTunes. The movie has also been released in multiple physical formats, including DVD, Blu-ray, and 4K UHD versions.
Terrifier 2, the previous installment, maintained its position as SCREAMBOX's most-watched film in 2024. The third installment continues the story of Sienna and her brother as they face Art the Clown's renewed terror during the Christmas season.
Cineverse (CNVS) has announced that Multicom Entertainment Group will utilize its Matchpoint™ OTT solution to digitize and distribute a catalog of over 5,000 assets. The agreement includes the distribution of TheArchive channel, which features film and TV content ranging from Oscar winners to cult classics.
The partnership leverages Matchpoint's three core services: Bluepoint for application development, Dispatch for content management, and Insights for analytics. Matchpoint™ is designed to enable faster, cost-effective content distribution without compromising quality, and currently powers Cineverse's own network of content platforms.
Cineverse (NASDAQ: CNVS) has launched Verse Karaoke, a new interactive music service powered by their proprietary Matchpoint™ technology. Initially available as a free ad-supported video-on-demand (AVOD) app on Smart TVs and www.versekaraoke.com, the service aims to revolutionize home karaoke entertainment.
The app features integration with Smart TV functionality and Matchpoint's personalization capabilities, allowing participants to browse the catalog via QR code scanning while others sing. In partnership with Digitrax Entertainment, Verse Karaoke offers an extensive library of licensed hit songs across various genres, with weekly additions. Key features include full song lyrics access, improved lyric video playback, and a full-screen video experience.
Cineverse (CNVS) has launched Matchpoint Reel Visuals AI, a new AI rights management service that enables content owners to monetize their video content for AI training purposes. The service offers a non-exclusive revenue-sharing model, eliminating delivery costs through Cineverse's Matchpoint technology suite.
The company currently represents AI training rights for over 350,000 hours of video and audio content. According to Grand View Research, the global AI training dataset market, valued at $2.60 billion in 2024, is projected to reach $10.31 billion by 2030, growing at a CAGR of 21.9%.
This initiative is part of Cineverse's broader AI strategy, which includes cineSearch, an AI-powered content discovery tool, and partnerships with AI companies like XL8 for captioning and localization services.
Cineverse (NASDAQ: CNVS) has partnered with Younify to enhance personalized content recommendations for its cineSearch platform. The integration of Younify's Connect SDK enables cineSearch to access users' viewing history across major streaming platforms, improving its AI-driven chatbot Ava's recommendation capabilities.
The partnership allows cineSearch to analyze users' watching patterns, preferences, and ratings across services like Netflix, Amazon, Max, Hulu, Disney+, and Apple TV+. Ava utilizes this data alongside cineCore's metadata warehouse, which contains information on over two million films and TV shows, to provide more nuanced content recommendations based on factors including theme, popularity, quality, tone, mood, setting, and music score.
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