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Cineverse Corp. - CNVS STOCK NEWS

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

News

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

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Cineverse Corp. announced the premiere of the survival drama film 'ON FIRE' on Peacock, inspired by real wildfires events. Starring Peter Facinelli, the film highlights a man's struggle amidst a catastrophic wildfire, delivering a powerful message on climate crisis.
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CINEVERSE ANNOUNCES THE LAUNCH OF NEW AD PLATFORM 'CINEVERSE 360'

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Cineverse (CNVS) launches Cineverse 360 (C360), an omnichannel ad platform connecting brands with enthusiast audiences across various marketing channels. The platform offers custom marketing integrations like audio opportunities on the Cineverse Podcast Network, display, social, events, and CTV advertising. C360 aims to reach 82 million monthly viewers across owned and operated partners, expanding to third-party publishers through the Cineverse 360 Audience Network (CAN). Industry veteran Terry City joins as SVP and Head of Cineverse 360, leading the team to provide unique ad solutions and significant growth opportunities.
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Cineverse Reports Third Quarter Fiscal Year 2024 Results

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Cineverse Corp. reports a total revenue of $13.3 million, with a direct operating margin increase to 59% from 48%. SG&A expenses decreased by $2.7 million, or 30%, and adjusted EBITDA reached $1.8 million. Despite revenue, operating profit, and net income decreases, the company's initiatives to reduce costs and optimize streaming channels had a positive impact. The company secured the rights to Terrifier 3 and launched Cineverse Services India to reduce costs. Subscription-based revenues increased by 13%, while advertising-based revenues declined by 31%. The company's direct operating expenses decreased, and SG&A expenses were reduced by 30%. Operating income decreased by $3.0 million, and adjusted EBITDA decreased by $3.2 million. Cash and cash equivalents were $5.5 million, and stockholders' equity was $43.3 million. Operational developments included partnerships with Amagi and Vionlabs, new channel launches, and expanded credit line capacity. Management is optimistic about the company's cost reduction efforts and profitability goals.
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Cineverse Partners with Google Cloud to Launch a Conversational AI-Powered Search & Discovery Tool for Film and Television Content

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Cineverse Corp. (NASDAQ: CNVS) introduces cineSearch, an AI-powered movie search platform, to revolutionize content discovery and recommendation systems across all streaming platforms. The service utilizes Google Cloud's Vertex AI Search and PaLM 2 LLM to provide an innovative, conversational experience for users seeking film recommendations. CineSearch offers a unified search engine with extensive metadata, scene-specific details, and viewer preferences to suggest ideal movie choices, even across different streaming services. The launch of cineSearch aims to address the pressing issue of effective content discovery in the streaming industry, enhancing user experiences and promoting undiscovered content.
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CINEVERSE EXPANDS EXISTING CREDIT LINE WITH EAST WEST BANK TO $7.5 MILLION

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Cineverse Corp. (CNVS) secures a $7.5 million expanded credit facility from East West Bank, enhancing financial stability without equity dilution. This move supports key business initiatives and aims for sustainable profitability.
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Cineverse Debuts EntrepreneurTV FAST Channel

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Cineverse Corp. (NASDAQ: CNVS) unveils new free ad-supported streaming television (FAST) channel, EntrepreneurTV, initially available on Sling Freestream. The channel features more than 200 hours of content streaming 24/7 and is the first-ever FAST channel from Entrepreneur Media LLC. It will include original and award-winning shows focusing on entrepreneurship and start-up businesses.
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Cineverse to Report Third Quarter Fiscal 2024 Financial Results on Wednesday, February 14, 2024

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Cineverse Corp. (CNVS) will release its financial results for Q3 of fiscal year 2024 on February 14, 2024. The company will host a conference call to discuss the results, with access available via dial-in numbers or webcast. The recording will be made available on the company's website for those unable to attend the live call.
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Cineverse Premieres Sid & Marty Krofft Channel

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Cineverse Corp. debuts the Sid & Marty Krofft Channel, offering iconic 70s and 80s shows on VOD platforms like The Roku Channel, Cineverse, Dove Channel, and Midnight Pulp. The deal secured worldwide rights to the Kroffts' extensive catalog in 2023, making their classics available digitally for the first time. The remastered library includes shows like H.R. Pufnstuf, The Bugaloos, and Land of the Lost, providing nostalgia for old fans and introducing new generations to the legendary duo's work.
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Cineverse Debuts New FAST Channel: Dog Whisperer with Cesar Millan

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Cineverse Corp. (NASDAQ: CNVS) launches Dog Whisperer with Cesar Millan as a free, ad-supported streaming television (FAST) channel on Amazon Freevee, offering all nine seasons and 160-plus episodes of the iconic series. Cineverse secured U.S. and Canadian rights to distribute the series in 2023 and is handling ad sales for the new channel, utilizing its proprietary content and audience management platform Matchpoint™ Dispatch.
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Mary Ann Halford Appointed to Cineverse Board of Directors

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Cineverse Corp. (NASDAQ: CNVS) appoints media and entertainment strategist Mary Ann Halford to its Board of Directors, bringing valuable insights and experience in technology, content monetization, and distribution to the company.
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FAQ

What is the current stock price of Cineverse (CNVS)?

The current stock price of Cineverse (CNVS) is $3.92 as of November 22, 2024.

What is the market cap of Cineverse (CNVS)?

The market cap of Cineverse (CNVS) is approximately 61.1M.

What does Cineverse Corp. do?

Cineverse Corp. is a streaming technology and entertainment company that operates a portfolio of owned and operated streaming channels powered by its proprietary technology platform.

Where is Cineverse traded?

Cineverse Corp. is publicly traded on NASDAQ under the ticker symbol CNVS.

What are Cineverse's main business segments?

Cineverse operates mainly through two segments: Content & Entertainment and Cinema Equipment, with Content & Entertainment deriving the majority of its revenues.

What is cineSearch?

cineSearch is Cineverse's AI-powered conversational entertainment search platform designed to improve content discoverability and personalization.

What are Cineverse's recent partnerships?

Recent partnerships include a distribution deal with Australia's Network 10 and a collaboration with Gracenote to enhance cineSearch.

What is the Cineverse Podcast Network?

The Cineverse Podcast Network is a leading network that offers a range of entertainment, horror, and true crime podcasts, attracting millions of listeners monthly.

How many streaming channels does Cineverse operate?

Cineverse operates multiple streaming channels, including SVOD, AVOD, and FAST channels, serving millions of viewers globally.

What is the significance of cineSearch?

cineSearch leverages AI and extensive metadata to offer personalized content recommendations, aiming to reduce viewer churn and enhance user engagement.

Does Cineverse offer international services?

Yes, Cineverse has expanded its services internationally, including a notable partnership with Network 10 in Australia to offer its FAST channels.

What are the future plans for Cineverse?

Cineverse aims to continue expanding its streaming services, enhance its AI-powered solutions, and grow its international presence.

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Cineverse Corp.

Nasdaq:CNVS

CNVS Rankings

#4726 Ranked by Market Cap
N/A Ranked by Dividends

CNVS Stock Data

61.11M
12.95M
18.23%
14.4%
2.18%
Entertainment
Services-video Tape Rental
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