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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 and Bloody Disgusting to Re-Release the Indie Box Office Breakout Hit TERRIFIER 2 In Theaters November 8

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Cineverse and Bloody Disgusting announce the re-release of TERRIFIER 2 in theaters nationwide on November 8, with surprises included. TERRIFIER 2 pulled in over $11 Million at the domestic box office during its original release in October 2022.
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Cineverse Launches First Responders Network as a FAST Channel

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Cineverse Corp. partners with First Responders Network (FRN) to launch a FAST channel on its streaming service, aiming to extend FRN's reach and engage viewers with inspiring narratives of first responders.
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Cineverse to Launch "Dog Whisperer" Channel on Heels of Securing Worldwide Rights to all 9 Seasons with Over 160 Episodes

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Cineverse Corp. has secured global rights to the popular animal show 'Dog Whisperer with Cesar Millan' and will distribute the entire series across multiple digital platforms. They will create a new free ad-supported streaming television (FAST) channel called the 'Dog Whisperer' channel. The show achieved global presence, attracted over 10 million viewers per week in the US, and held the position of National Geographic's highest-rated series for six years. Cineverse expects the revenue performance of the 'Dog Whisperer' channel to surpass their most successful FAST channel, Bob Ross.
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Cineverse Reports First Quarter Fiscal Year 2024 Results

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Cineverse Corp. announced its financial results for Q1 FY 2024. Total revenues were $13.0 million, down from $13.6 million. Streaming, Digital, and Podcast revenue increased by 5.8% to $10.5 million. Digital Distribution services revenue rose by 105.9% to $3.7 million. Total subscription revenues were $3.2 million, up 44.7%. Total subscribers to the Company's streaming services were approximately 1.21 million, up 38%. Total ad-based revenue was $3.6 million, down 39.3%. Net loss attributable to common stockholders narrowed to $(3.6) million, or $(0.37) per share, from $(6.1) million, or $(0.69) per share.
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Fandor Streaming Service Now Available on Philo for 'Movies & More' Subscribers Through New Deal with Cineverse

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Cineverse Corp. (CNVS) expands Fandor streaming service through an agreement with Philo, offering indie discovery platform as a video-on-demand option. The addition provides more choices for Philo's subscribers, with plans for further expansion.
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CINEVERSE AND THE PREVIEW CHANNEL™ ENTER INTO EXCLUSIVE PACT FOR AD SALES AND DISTRIBUTION

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Cineverse Corp. has announced a FAST focused content deal with The Preview Channel™, a popular AVOD channel that features the latest motion picture, television, and streaming previews. The deal includes full channel distribution and the use of Cineverse's Matchpoint™ technology for advertising. The Preview Channel™ has a devoted fan base and is performing well in the crowded OTT marketplace.
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Cineverse to Release Survival Drama 'On Fire' Exclusively in Theaters September 29

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Cineverse to Report First Quarter Fiscal 2024 Results on Monday, August 14, 2023

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Cineverse Corp. will release financial results for the fiscal first quarter ended June 30, 2023, on August 14, 2023. The company is a global streaming technology and entertainment company with a large portfolio of streaming channels and content libraries.
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Cineverse Acquires Acclaimed Body-Swap Thriller 'Devils' Following Fantasia Festival Premiere; Set for Fall Release on SCREAMBOX

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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 Unveils MatchpointAI: A Revolutionary AI Marketplace for Video Streaming Optimization

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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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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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