Welcome to our dedicated page for CuriosityStream news (Ticker: CURI), a resource for investors and traders seeking the latest updates and insights on CuriosityStream stock.
CuriosityStream Inc. (CURI) is a leading media and entertainment company founded by John S. Hendricks, the visionary behind Discovery Communications and the Curiosity Project. CuriosityStream specializes in delivering premium factual entertainment, designed to inform, enchant, and inspire audiences worldwide.
The company offers an extensive library of over 1,500 documentaries covering a wide range of topics including science, history, society, nature, lifestyle, and technology. New content is added weekly to ensure viewers always have fresh material that satisfies their curiosity.
CuriosityStream's core business operations are divided into several key areas:
- Direct to Consumer Business: The primary revenue stream, offering subscriptions directly to individual viewers.
- Partner Direct Business: Collaborations with other platforms to distribute content.
- Bundled Distribution: Packaging their content with other services or products.
- Content Licensing: Licensing their documentaries to third-party platforms.
- Enterprise Subscriptions: Offering tailored content solutions for educational institutions and corporate clients.
CuriosityStream continues to expand its reach through strategic partnerships and innovative projects. This commitment to growth and innovation ensures the company remains at the forefront of factual entertainment. With a mission to inspire and educate, CuriosityStream is a valuable resource for anyone with a thirst for knowledge.
Stay updated with the latest developments and achievements of CuriosityStream Inc. to understand its impact and significance in the media landscape.
CuriosityStream Inc. (NASDAQ: CURI) reported that underwriters fully exercised their over-allotment option, resulting in the purchase of an additional 975,000 shares at $13.50 each, contributing to total gross proceeds of approximately $100.9 million from a public offering of 7,475,000 shares. The funds will be allocated for program content investment, marketing, and general corporate purposes. BofA Securities led the offering, with others including Needham & Company participating as co-managers.
CuriosityStream Inc. (NASDAQ: CURI) has announced the pricing of a public offering of 6,500,000 shares of its common stock at $13.50 per share, totaling approximately $87.7 million in gross proceeds. The offering is expected to close on February 8, 2021, pending customary conditions. An additional 975,000 shares may be purchased by underwriters within 30 days. The funds will be allocated towards investment in program content, marketing, and general corporate purposes. BofA Securities is managing the offering.
CuriosityStream (NASDAQ: CURI) announced an underwritten public offering of 6,500,000 shares of its common stock, with an option for underwriters to purchase an additional 975,000 shares. The offering, managed by BofA Securities, is dependent on market conditions, and its terms are not yet finalized. CuriosityStream plans to utilize the net proceeds for investment in program content, marketing, and general corporate purposes. A registration statement has been filed with the SEC, but it is not yet effective, restricting the sale of these securities until then.
CuriosityStream (NASDAQ: CURI) announced that CEO Clint Stinchcomb will participate in a virtual fireside chat at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 10:15 AM PT / 1:15 PM ET. The discussion will focus on the company's growth strategies and market trends. Investors can access the live webcast on the CuriosityStream investor relations website. A replay will also be available for a limited time. CuriosityStream is a leading global factual streaming service offering thousands of titles across various platforms, enhancing viewer engagement with high-quality documentaries.
CuriosityStream (NASDAQ: CURI) announces production of the original series Rescued Chimpanzees of the Congo, featuring Jane Goodall, set to debut in spring 2021. The five-part series, plus a special, highlights the work at the Tchimpounga Chimpanzee Rehabilitation Center with exclusive access to archival footage and interviews. The series showcases more than a decade's worth of stories about rescued chimpanzees, emphasizing their rehabilitation and the dedication of their caregivers. CuriosityStream aims to provide emotional, educational, and inspiring content in collaboration with Off The Fence Productions.
CuriosityStream Inc. (NASDAQ: CURI) announced that John Hendricks, Founder and Chairman, will participate in a virtual fireside chat at the Bernstein Operational Decisions Conference on November 17, 2020, at 8:00 AM PT / 11:00 AM ET. The event will be accessible via live webcast on CuriosityStream's investor relations website. A replay will be available afterward. CuriosityStream is renowned for its factual streaming service, featuring a range of documentary content, including original series in Ultra HD 4K, available across various global platforms.
CuriosityStream (NASDAQ: CURI) partners with Tata Sky, India's leading content distribution platform, to offer thousands of hours of award-winning documentary content. Starting November 17, 2020, Tata Sky subscribers can access CuriosityStream via Tata Sky Binge and linear television services, featuring popular titles narrated by Sir David Attenborough and Stephen Hawking. This partnership aims to enhance content offerings for Tata Sky's audience, combining CuriosityStream's unique storytelling with Tata Sky's diverse platform, thereby expanding CuriosityStream's reach in India.
CuriosityStream Inc. (NASDAQ: CURI) reported strong financial results for Q3 2020, with revenue reaching $8.7 million, a 83% increase year-over-year. The company saw its subscriber base more than double to approximately 13 million, driven by growth in annual and international subscriptions. Gross margin improved to 61%. Although the operating loss narrowed to $(6.8) million, the company expects Q4 2020 revenue of at least $11.3 million, indicating 69% year-over-year growth.
For 2020, CuriosityStream forecasts a revenue of at least $39.5 million, reflecting 119% growth.
CuriosityStream (NASDAQ: CURI) announced the release of its third-quarter 2020 financial results on November 12, 2020, after market close. A Q&A conference call will take place the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Investors can access a live audio webcast via the CuriosityStream Investor Relations website. An audio replay will be available for two weeks post-call. CuriosityStream is a leader in factual entertainment, offering a range of documentary series available globally across multiple platforms.
CuriosityStream and Software Acquisition Group have successfully closed their merger, which was approved by Software Acquisition Group stockholders on October 12, 2020. Starting October 15, 2020, CuriosityStream's common stock will trade on NASDAQ under the ticker 'CURI'. With this merger, CuriosityStream aims to accelerate growth in the factual media streaming sector, boasting approximately 13 million paying subscribers in over 175 countries. The company plans to increase its library to over 11,000 titles and continues to offer its direct-to-consumer subscription service at competitive rates.
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