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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

Cineverse Serves Up a Tasty Trio of Holiday Horror this Season. The Company has Acquired the North American Rights to Secret Santa, Night of the Missing & Santastein for Their Streaming Service SCREAMBOX

Rhea-AI Summary
Cineverse (NASDAQ: CNVS) acquires three new holiday horror titles, Secret Santa, Night of the Missing, and Santastein, exclusively on SCREAMBOX. The horror streaming service aims to provide a refreshing sub-genre within horror, offering a contrast to the 'all is well' narrative in seasonal films. The acquisitions present a unique blend of laughter, blood, and gore, providing something for everyone.
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Cineverse Inks Global Commercial YouTube Channel Agreement with Little Dot Studios

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Cineverse Corp. (CNVS) signs a new agreement with Little Dot Studios to manage and grow Fandor, RetroCrush, and Midnight Pulp channels exclusively on YouTube. The deal aims to expand the company's footprint and grow audiences through social media and digital content touchpoints.
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Cineverse to Capitalize on Momentum of Bloody Disgusting Horror Brand with Audio Expansion and Formation of New Publishing Imprint, Bloody Press

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Cineverse Corp. (NASDAQ: CNVS) Names Tom Owen Managing Director of Audio and Pacific Obadiah Head of Original Programming – Plans to Expand Revenue in Audio and Publishing. Launch Dates of 'Terrifier 2' Audiobook, eBook and Print Editions in February 2024 Announced. Scripted Podcast 'Dead Space: Deep Cover' with Electronic Arts Set for Summer 2024
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Cineverse Reports Second Quarter Fiscal Year 2024 Results

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Cineverse Corp. (CNVS) Announces Q2 FY 2024 Financial Results: Total Revenue of $13.0 Million, Operating Expenses Decreased by $6.3 Million, Adjusted EBITDA Increased by $3.7 Million, Direct Operating Margin Increased to 64% from 42%, Recurring Direct Operating Margin Increased to 56% from 30%. The company also highlighted operational developments and financial condition overview.
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Chairman's Letter to Cineverse Shareholders Details Amagi Partnership, Timeline For Updated B2B Technology Offerings

Rhea-AI Summary
Cineverse Corp. (NASDAQ: CNVS) announces a groundbreaking partnership with Amagi, a global SaaS leader, to address the need for a comprehensive platform in the rapidly evolving FAST and ad-supported streaming sectors. This strategic move highlights Cineverse's advanced Matchpoint Suite and content services, bringing them to over 700 global brands.
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Cineverse and Bloody Disgusting to Release Hotly-Anticipated Slasher Sequel 'TERRIFIER 3' in Theaters Across North America on October 25, 2024

Rhea-AI Summary
Cineverse (NASDAQ: CNVS) announces release date for Terrifier 3, revealing a Christmas theme for the unrated mega-slasher. Terrifier 2 re-release teaser played after screenings, generating excitement for the upcoming installment. Terrifier 2 grossed $11 million in domestic box office and received critical acclaim, becoming CERTIFIED FRESH by Rotten Tomatoes and catching the attention of mainstream press and horror icon Stephen King.
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Amagi and Cineverse form Strategic Partnership to Offer end-to-end FAST solutions for Video Service Providers

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Cineverse Corp. (NASDAQ: CNVS) and Amagi form a commercial partnership to offer an end-to-end FAST kit for Video Service Providers, including monetization, content acquisition, and technology backend. The joint solution will be available starting January 2024, providing comprehensive FAST and AVOD services to the marketplace.
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Cineverse to Report Second Quarter 2024 Results on Tuesday, November 14, 2023

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Cineverse Corp. (NASDAQ: CNVS) will release its financial results for the fiscal second quarter ended September 30, 2023, on November 14, 2023. The company is a global streaming technology and entertainment company with a large portfolio of streaming channels and content libraries. A conference call discussing the results will be held at 4:30 p.m. ET on the same day.
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Cineverse's Midnight Pulp Streaming Service Now Available for the First Time as an SVOD Add-On for Third-Party Platforms

Rhea-AI Summary
Cineverse's Midnight Pulp streaming channel is now available through third-party platforms like Amazon Prime Video Channels, The Roku Channel, and Comcast's Xfinity. The exclusive North American streaming premiere of MAD CATS will come to Midnight Pulp on November 21. Other key programming being added includes TILL DEATH DO US PART and THE RUNDOWN. Midnight Pulp has been relaunched with improved content discovery and live TV channels.
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Cineverse Acquires Compelling Time Loop Comedy 'River' Following Fantastic Fest; Set for Fall Release on AsianCrush

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Cineverse acquires North American rights to Junta Yamaguchi's time loop comedy film 'River' and plans to release it on streaming service AsianCrush in early 2024.
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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
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