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
Rhea-AI Summary
Cineverse Corp. (NASDAQ: CNVS) expands its reach by launching AsianCrush and RetroCrush on Comcast's Xfinity and Xumo streaming devices, offering pan-Asian entertainment and classic anime titles to millions of new households in the US. The subscription video on demand (SVOD) services are now available on Xfinity X1, Xfinity Flex, Xumo Stream Box, and Xumo TV, joining other popular Cineverse channels like Docurama, Dove Channel, Fandor, Midnight Pulp, and Screambox. The move signifies Cineverse's commitment to delivering diverse content to a wider audience, leveraging its Matchpoint platform for continued growth and popularity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
-
Rhea-AI Summary
Cineverse (CNVS) partners with Vionlabs and Datatonic to create cineSearch, a revolutionary AI search and discovery tool for film and TV content, powered by Google Cloud's Gen AI technology. The tool promises a personalized movie-watching experience through advanced AI capabilities, detailed metadata, and natural language searches. The collaboration aims to reshape entertainment by offering immersive and tailored recommendations across various genres and eras.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Cineverse (CNVS) partners with Iconic Events Releasing for the theatrical distribution of Terrifier 3, following the success of Terrifier 2 which grossed over $15 million globally. The film is set for a Q4 2024 release nationwide, building on the viral success of its predecessor. Terrifier 3 promises to continue the horror franchise with returning cast members and a thrilling storyline, generating significant buzz and anticipation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Cineverse (CNVS) partners with Gracenote to enhance cineSearch's Ava Chatbot, revolutionizing content search and discovery in the streaming industry. The integration of industry-leading metadata aims to solve the issue of viewers struggling to find what to watch, providing personalized recommendations and real-time updates across multiple streaming services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
-
Rhea-AI Summary
Cineverse Corp. (CNVS) partners with Network 10 to bring Crime Hunters and Comedy Dynamics channels to 10 Play's 'Live TV with Pluto TV' lineup. The deal expands 10 Play's FAST channel library, offering diverse entertainment options to Australian audiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
-
Rhea-AI Summary
Cineverse (CNVS) extends partnership with Konami Cross Media NY, Inc. to distribute Yu-Gi-Oh! anime series, solidifying its position in the streaming anime landscape. The deal includes new series and films, expanding distribution on various platforms and channels. RetroCrush, Cineverse's leading independent streaming anime channel, sees significant growth in audience and engagement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.62%
Tags
Rhea-AI Summary
Cineverse Corp. releases a captivating documentary, 'Represent', showcasing the journey of athletes competing for spots on the first U.S. Olympic women's surfing team. The film, now available on Peacock, highlights surfers like Carissa Moore and Caroline Marks, along with featuring NBA legend Kobe Bryant in one of his final on-camera appearances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.79%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.79%
Tags
FAQ
What is the current stock price of Cineverse (CNVS)?
The current stock price of Cineverse (CNVS) is $3.75 as of January 31, 2025.
What is the market cap of Cineverse (CNVS)?
The market cap of Cineverse (CNVS) is approximately 60.9M.
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.
Cineverse Corp.
Nasdaq:CNVS
CNVS Rankings
CNVS Stock Data
60.87M
12.88M
18.23%
14.4%
2.18%
Entertainment
Services-video Tape Rental
United States
NEW YORK