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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

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Cineverse has acquired all North American rights to the body-swap psychological thriller Devils after its premiere at the Fantasia Film Festival. The film will be released on SCREAMBOX, Cineverse's horror streaming service, this fall. Devils, written and directed by Kim Jae-hoon, has received positive reviews for its intense narrative and outstanding performances. The film follows a determined detective who becomes trapped in the body of a serial killer he was trying to apprehend. SCREAMBOX offers a variety of horror content and is available on multiple platforms.
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Cineverse Corp. has announced the release of MatchpointAI, an AI-based platform and marketplace that aims to revolutionize the streaming landscape. The platform leverages Cineverse's proprietary AI tools and integrates third-party AI tools to provide content owners and streaming services with industry-leading capabilities. MatchpointAI offers solutions for video quality control, ad break detection, graphics creation, metadata completion, film analysis, dubbing, contextual metadata creation, content compliance review, caption/subtitle verification, audio matching, and more. The platform is now available to existing customers via Cineverse's distribution platform, Matchpoint Dispatch.
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Cineverse extends partnership with VA Media to expand global footprint on YouTube and social platforms.
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Cineverse Corp. expands partnership with Amagi to leverage Amagi CONNECT, allowing for quicker monetization and easier discovery process for streaming platforms. The partnership aims to bring more third-party content to Cineverse and expand its reach internationally.
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Cineverse Corp. recently closed a public offering that raised approximately $8 million. The company has been successful in the streaming market, with a library of over 70,000 titles and a popular streaming channel, Cineverse. The release of the horror film Terrifier 2 was a major success, earning over $15 million at the box office. Cineverse leveraged its streaming properties to generate awareness for the film and increase subscribers. The company has also secured new partnership and M&A opportunities for valuable IP. Despite the undervalued stock price, Cineverse raised funds through the equity offering to invest in future growth.
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Cineverse's horror brand, Bloody Disgusting, will produce a new scripted audio series titled 'Dead Space: Deep Cover' in collaboration with Electronic Arts. The podcast is based on the award-winning video game series and follows a journalist searching for her sister in a mysterious church. The podcast will be written by sci-fi writer Ben Counter and is expected to attract horror and gaming fans.
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FAQ

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

The current stock price of Cineverse (CNVS) is $2.47 as of October 31, 2024.

What is the market cap of Cineverse (CNVS)?

The market cap of Cineverse (CNVS) is approximately 38.6M.

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

38.64M
15.71M
18.43%
14.02%
1.81%
Entertainment
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