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) 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.
Cineverse (NASDAQ: CNVS) is expanding its streaming presence by launching the popular 'Dog Whisperer' channel on Samsung TV Plus. Since acquiring global rights to the series in August 2023, the channel has demonstrated significant growth with 204 million minutes viewed and a 559% consumption increase across all platforms in the first nine months of 2024.
The multi-year licensing deal strengthens Cineverse's partnership with Samsung TV Plus, adding to their existing channels including The Bob Ross Channel, Comedy Dynamics, Dove Channel, Midnight Pulp, and RetroCrush. The series, which features all nine seasons and 160 episodes of Cesar Millan's show, was National Geographic's highest-rated series for six years and aired in over 80 countries.
Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting have announced new releases for their streaming service SCREAMBOX. The platform achieved record viewership in October with a 26% increase in minutes consumed compared to the previous month. In 2024, SCREAMBOX will have premiered 19 originals.
The winter lineup includes several new horror films: Breathing In (winner of 2024 Macabro Film Festival's Best Film), Deus Irae (selected for 2024 Brussels International Fantastic Film Festival), Street Trash, Lizzie Lazarus, #Manhole, and Delicate Arch. These join recent releases like Devon, #AMFAD, and Terrifier 3, which became the biggest non-rated box office movie in U.S. history.
Terrifier 3, the highest-grossing unrated movie in U.S. box office history with over $53 million domestically, is returning to theaters for a Christmas engagement. Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting announced special screenings on December 24th and 25th, featuring a new introduction by filmmaker Damien Leone and an exclusive preview of ART ATTACK, a behind-the-scenes feature.
The film continues the story of Sienna and her brother as they attempt to recover from Art the Clown's Halloween massacre, only to face the killer's return during the Christmas season. The movie stars David Howard Thornton, Lauren Lavera, and features an ensemble cast including Chris Jericho and Jason Patric.
Cineverse (NASDAQ: CNVS), along with its horror division Bloody Disgusting, Focus Features, and Thirteenth Floor Entertainment, announced the launch of Nosferatu: The Immersive Experience. The three-night event will be held at Los Angeles' Masonic Lodge in Hollywood Forever Cemetery from December 16th-18th, 2024, running from 7:30-11:30 p.m.
The immersive experience, tied to Robert Eggers' upcoming film Nosferatu, will feature screen-used props, occult artifacts, costumes, and an eerie soundscape by composer Robin Carolan. Visitors can explore dark spaces, interact with strange inhabitants, discover Count Orlok's resting place, and purchase themed merchandise and spirits. tickets are available at nosferatuexperience.com.
Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting have acquired two award-winning films for their SCREAMBOX platform from XYZ Films. The first acquisition, Breathing In, winner of Best Film at the 2024 Macabro Film Festival, is set in 1901 South Africa and follows a wounded general seeking refuge with mysterious consequences. The second film, Deus Irae, an official selection at Brussels International Fantastic Film Festival and Sitges Film Festival Pitchbox winner, follows excommunicated priests hunting the possessed. Both films join recent SCREAMBOX acquisitions including #AMFAD, Creeping Death, and others.
Cineverse (NASDAQ: CNVS) has announced 'ART ATTACK! The Dissection of Terrifier 3', a behind-the-scenes documentary coming exclusively to their horror streaming platform SCREAMBOX in early 2025. The film will provide an in-depth look at the making of Terrifier 3, featuring interviews with director Damien Leone, producer Phil Falcone, and cast members, along with exclusive production footage. The documentary is produced by Cult Screenings UK, known for 'Pennywise: The Story of It'. Terrifier 3, released nationwide on October 11, 2024, became the #1 Movie in America.
Cineverse Podcast Network announces major expansion beyond horror content, reporting significant growth with 98% year-over-year podcast revenue increase in the last fiscal quarter and 15 million downloads in October. The network introduces new shows including Creepy Places (attracting 1.3M monthly downloads), Dead Meat Podcast, and upcoming Midnight Pulp and RetroCrush series. Now ranking among top 10 podcast networks with over 50 shows, Cineverse leverages owned brands and strategic partnerships to drive growth in entertainment, true crime, and horror genres.
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