Cineverse Corp Stock Price, News & Analysis

Cineverse (NASDAQ: CNVS), along with its horror division Bloody Disgusting, Focus Features, and Thirteenth Floor Entertainment, announced the launch of Nosferatu: The Immersive Experience. The three-night event will be held at Los Angeles' Masonic Lodge in Hollywood Forever Cemetery from December 16th-18th, 2024, running from 7:30-11:30 p.m.

The immersive experience, tied to Robert Eggers' upcoming film Nosferatu, will feature screen-used props, occult artifacts, costumes, and an eerie soundscape by composer Robin Carolan. Visitors can explore dark spaces, interact with strange inhabitants, discover Count Orlok's resting place, and purchase themed merchandise and spirits. tickets are available at nosferatuexperience.com.

Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting have acquired two award-winning films for their SCREAMBOX platform from XYZ Films. The first acquisition, Breathing In, winner of Best Film at the 2024 Macabro Film Festival, is set in 1901 South Africa and follows a wounded general seeking refuge with mysterious consequences. The second film, Deus Irae, an official selection at Brussels International Fantastic Film Festival and Sitges Film Festival Pitchbox winner, follows excommunicated priests hunting the possessed. Both films join recent SCREAMBOX acquisitions including #AMFAD, Creeping Death, and others.

Cineverse (NASDAQ: CNVS) has announced 'ART ATTACK! The Dissection of Terrifier 3', a behind-the-scenes documentary coming exclusively to their horror streaming platform SCREAMBOX in early 2025. The film will provide an in-depth look at the making of Terrifier 3, featuring interviews with director Damien Leone, producer Phil Falcone, and cast members, along with exclusive production footage. The documentary is produced by Cult Screenings UK, known for 'Pennywise: The Story of It'. Terrifier 3, released nationwide on October 11, 2024, became the #1 Movie in America.

Cineverse Podcast Network announces major expansion beyond horror content, reporting significant growth with 98% year-over-year podcast revenue increase in the last fiscal quarter and 15 million downloads in October. The network introduces new shows including Creepy Places (attracting 1.3M monthly downloads), Dead Meat Podcast, and upcoming Midnight Pulp and RetroCrush series. Now ranking among top 10 podcast networks with over 50 shows, Cineverse leverages owned brands and strategic partnerships to drive growth in entertainment, true crime, and horror genres.

Cineverse (NASDAQ: CNVS) has launched four FAST (free ad-supported streaming TV) channels on Google TV Freeplay. The new additions include 'Dog Whisperer With Cesar Millan', 'Comedy Dynamics', 'The Bob Ross Channel', and 'The Dove Channel'. Available to U.S. users without subscription or app installation, the channels feature nine seasons of dog training content, stand-up comedy performances, nearly 400 episodes of 'Joy of Painting', and family-friendly entertainment including romance and holiday content.

Cineverse (NASDAQ: CNVS) announced a new lineup of 12 holiday and romance movies from Nicely Entertainment premiering on The Dove Channel starting November 29. The announcement follows Dove's record-breaking viewership in July 2024, with 98 million minutes consumed during their Christmas in July event. The channel has rebranded as a destination for heartwarming stories with the tagline 'Live. Laugh. Dove.' and expects to close 2024 with a 37% year-over-year increase in minutes watched across platforms. The movies will be available on Dove's SVOD apps, AVOD tier, and FAST channel, featuring various romantic holiday themes.

Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting have announced release dates for Terrifier 3, which has become the highest-grossing unrated movie ever with over $54 million domestically. The film will be available on EST/VOD November 26, 2024, and physical media December 17, 2024. Physical formats include DVD, Collector's Edition Blu-ray, 4K UHD + Blu-ray, and Steelbook versions, featuring bonus content like a 'Making Of' featurette and 'Eulogy Log' with David Howard Thornton as Art the Clown.

Cineverse (NASDAQ: CNVS) reported Q2 FY2025 results with total revenue of $12.7 million, representing a 20% increase excluding Digital Cinema business. The company achieved a 51% direct operating margin and reduced SG&A expenses by 7%. Notable highlights include a 54% increase in monthly viewership, 98% growth in podcast revenue, and $0.5 million in Adjusted EBITDA. While Q2 results don't include Terrifier 3 performance, the film has generated over $54 million in domestic box office revenue and is expected to contribute at least $20 million in theatrical rental revenues in Q3 FY2025.

Cineverse (NASDAQ: CNVS) reports significant growth in its Cineverse 360 ad platform, with October 2024 marking its strongest month to date, showing a 53% year-over-year increase. The platform now processes over 20 billion CTV ad requests monthly. The C360 Audience Network has attracted major brands including Chase, Hardee's, and Warner Bros., offering targeted advertising across various entertainment genres. The platform played a important role in promoting Terrifier 3, which became the top non-rated box office success, particularly successful among Hispanic audiences who comprised 48% of viewers. The service is now being integrated into Cineverse's Matchpoint™ technology as a monetization option for SaaS customers.