Cineverse's GoPro Channel and Real Madrid TV to Stream on Shawne Merriman's Lights Out Sports TV

Rhea-AI Summary

Cineverse (NASDAQ: CNVS) has announced the launch of GoPro Channel and Real Madrid TV on Lights Out Sports TV, a platform founded by NFL All-Pro Shawne Merriman. The company is also providing over 1,200 hours of VOD content to the platform. The GoPro Channel will feature first-person action sports content, while Real Madrid TV will offer behind-the-scenes access to the soccer club, including match highlights and exclusive interviews. Content highlights include programs like 'Chasing El Niño', Tour de France coverage, NHL After Dark, and comprehensive Real Madrid coverage including LaLiga and Champions League campaigns.

Positive

• Expansion of distribution channels through partnership with Lights Out Sports TV
• Addition of 1,200+ hours of VOD content to new platform
• Strategic content partnership with major sports brands (GoPro, Real Madrid)

Negative

• None.

Insights

Market Research Analyst

This content distribution deal, while expanding Cineverse's reach, has immediate financial impact given CNVS's small market cap of $33.3M. The partnership with Lights Out Sports TV represents incremental revenue potential through ad-supported streaming, but the scale appears modest. The addition of premium sports content like Real Madrid TV and GoPro Channel could help attract viewers, though competing against major sports streaming platforms remains challenging.

The VOD content library expansion of 1,200 hours demonstrates Cineverse's strategy to diversify content offerings, but monetization will depend heavily on actual viewer engagement and ad revenue generation. For a micro-cap company, such deals need to translate into meaningful revenue growth to move the needle on valuation.

Additionally, Cineverse Provides Over 1,200 Hours of VOD Content to the NFL Icon's Platform, Including Popular Movies, Documentaries and TV Shows

LOS ANGELES, Oct. 24, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the launch of GoPro Channel – a new free ad-supported streaming TV (FAST) channel — on Lights Out Sports TV, the sports and lifestyle streaming platform founded by NFL All-Pro legend Shawne Merriman. It will soon be joined on the channel lineup by Real Madrid TV. 

In addition to these channels, Cineverse is contributing over 1,200 hours of video-on-demand (VOD) content on Lights Out Sports TV, expanding the platform's entertainment offerings with a diverse library of movies, documentaries and TV shows.

GoPro Channel and Real Madrid TV will provide Lights Out Sports users with exclusive sports and action-packed programming. The GoPro Channel features exhilarating, first-person action sports content from across the globe. Real Madrid TV offers comprehensive behind-the-scenes access to one of the world's most successful soccer clubs, delivering match highlights, exclusive interviews and documentaries.

"Partnering with Shawne Merriman and Lights Out Sports will bring these world-class channels and content to a dynamic and growing audience," said Cineverse President and Chief Strategy Officer Erick Opeka. "With Real Madrid TV, the GoPro Channel and a diverse library of VOD content, Lights Out Sports viewers will have access to a wide range of exciting entertainment."

Shawne Merriman, founder and CEO of Lights Out Sports, shared,"We're excited to bring Cineverse's premium sports and adventure content to Lights Out Sports. Real Madrid TV and the GoPro Channel are exactly the kind of high-energy programming that will resonate with our audience of action lovers and sports fans."

GoPro Channel highlights include:

• Chasing El Niño – Follow Chris Benchetler as he chases optimal snow conditions across North America.
• Tour de France – GoPro takes you into the heart of the world's greatest cycling race.
• NHL After Dark – See hockey from a player's perspective with NHL stars through the GoPro lens.

Real Madrid TV features:

• Daily content from the heart of the Spanish capital following 'The Kings of Europe', Real Madrid. Watch every single minute of Los Blancos' LaLiga, Champions League, Copa del Rey and Spanish Super Cup campaigns as well as live-commentated training sessions and translated press conferences in the build-up.
• Away from the pitch, enjoy two weekly talk shows discussing all things Real Madrid, as well as a daily news bulletin with the latest updates as they come in.
• If that's not enough, relive the magic of their record 15 Champions League wins with the highlights of unforgettable classic matches from over the years, partnered with bespoke documentaries showcasing the unparalleled history of the world's biggest sporting institution.

Notable titles from Cineverse's over 1,200 hours of VOD content offerings on Lights Out Sports TV include:

• 10 Yards: Fantasy Football
• GLOW: The Story of the Gorgeous Ladies of Wrestling
• The Pistol Shrimps
• Dance Academy: The Comeback

ABOUT CINEVERSE

Cineverse's advanced, proprietary technology drives the distribution of over 70,000 premium films, series, and podcasts to more than 150 million unique viewers monthly. From providing a complete streaming solution to some of the world's most recognizable brands, to super-serving their own network of fan channels, Cineverse (NASDAQ: CNVS) is powering the future of entertainment. For more information, please visit cineverse.com.

ABOUT LIGHTS OUT SPORTS TV

Lights Out Sports TV is a revolutionary, free streaming service offering a diverse array of sports content, including live events, movies, and documentaries. Founded by NFL star Shawne Merriman, Lights Out Sports TV is dedicated to providing fans with unparalleled access to high-quality sports entertainment. For more more information, please download the Lights Out Sports TV app on all CTV platforms or visit lightsoutsportstv.com.

Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com 

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

FAQ

What new channels is Cineverse (CNVS) launching on Lights Out Sports TV?

Cineverse is launching the GoPro Channel and Real Madrid TV on Lights Out Sports TV platform.

How many hours of VOD content is Cineverse (CNVS) providing to Lights Out Sports TV?

Cineverse is providing over 1,200 hours of VOD content, including movies, documentaries, and TV shows.

What type of content will the GoPro Channel feature on Lights Out Sports TV?

The GoPro Channel will feature first-person action sports content, including programs like Chasing El Niño, Tour de France coverage, and NHL After Dark.

What kind of content will Real Madrid TV offer through Cineverse (CNVS)?

Real Madrid TV will offer behind-the-scenes access, match highlights, exclusive interviews, and coverage of LaLiga, Champions League, Copa del Rey, and Spanish Super Cup campaigns.