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Cineverse Corp. (Symbol: CNVS) is a leading global streaming technology and entertainment company with a robust portfolio of owned and operated streaming channels and content libraries. For over two decades, Cineverse has been at the forefront of the digital transformation in the entertainment industry, captivating hundreds of millions of viewers worldwide. The company’s offerings span premium content, streaming channels, and technology services, making it a trusted partner for some of the world’s largest media, technology, and retail firms.
Core Business and Recent Achievements:
Cineverse operates a vast array of streaming channels that cater to diverse audiences through subscription video on demand (SVOD), advertising-based video on demand (AVOD), and free ad-supported streaming television (FAST) channels. Notable channels include AsianCrush, The Bob Ross Channel, RetroCrush, Comedy Dynamics, Midnight Pulp, Crime Hunters, The Dove Channel, Fandor, and Screambox TV.
Recently, Cineverse has taken significant strides in expanding its content and reach. In June 2023, the company completed a public offering that raised approximately $8 million to support its growth strategies. This move aligns with Cineverse’s long-term objectives of enhancing its content library and pursuing high-ROI acquisition opportunities.
Moreover, the company's horror hit Terrifier 2 proved to be a remarkable success, earning over $15 million at the box office from a modest $250,000 budget. The film significantly amplified Cineverse’s profile as a formidable player in the entertainment domain.
Strategic Partnerships and Collaborations:
Cineverse continually fortifies its market position through strategic collaborations. The partnership with Amagi to leverage the Amagi CONNECT marketplace is set to enhance Cineverse's FAST offerings and broaden its international footprint. Similarly, Cineverse's extended relationship with VA Media aims to grow its channels’ presence on YouTube and other social media platforms, thereby reaching wider audiences.
Other noteworthy collaborations include a content deal with The Preview Channel™, enhancing Cineverse's AVOD and FAST channels. This partnership underscores Cineverse's commitment to delivering top-notch, dynamic content and expanding its viewer base.
Financial Condition and Growth Strategy:
With a strong financial foundation bolstered by recent funding rounds, Cineverse is well-positioned to capitalize on emerging opportunities in the streaming landscape. The company's focus on strategic acquisitions and partnerships has led to an expansive content library and a reputation for successfully monetizing channels and intellectual properties.
As Cineverse continues to navigate the competitive entertainment market, its commitment to innovation and high-quality content delivery remains unwavering. Investors and stakeholders can expect ongoing growth and value from this industry leader.
For more detailed and updated information, visit the Cineverse website.
On October 28, Erick Opeka, President of Digital Networks at Cinedigm (NASDAQ: CIDM), will participate in a panel titled “TV’s Tipping Point” during Protocol’s first virtual event focused on technology and entertainment. The discussion will address key trends in streaming, such as cord cutting and ad-supported video growth. The event will be held via Zoom from 9 AM to 10 AM PT and will also be simulcast on YouTube. Opeka will share insights alongside industry leaders, emphasizing Cinedigm's commitment to shaping the future of digital entertainment.
Cinedigm (NASDAQ: CIDM) reported a significant growth in its portfolio of paid subscription streaming services, reaching over 142,000 paid subscribers, a 45% increase in the first half of its fiscal year. The company boasts 15.2 million monthly ad-supported users, up 238% year-over-year, with plans for more ad-supported services. The flagship network, CONtv, grew by 78% in paid subscriptions due to key partnerships and expanded content. Cinedigm aims to double its subscriber base to 290,000 through aggressive marketing and strategic acquisitions.
Cinedigm (NASDAQ: CIDM) addressed shareholders during its Annual Stockholder Meeting held on October 23, 2020. CEO Chris McGurk highlighted the company's strategic advancements in the streaming market, rejecting the notion of a reverse stock split while emphasizing positive business momentum. Cinedigm's streaming portfolio expanded from 6 to 25 channels, and viewership surged 238% to over 15.2 million monthly viewers. The firm recorded the highest digital content sales in its history and improved its balance sheet by converting $15 million in debt to equity. Cinedigm is also pursuing acquisitions to enhance its market position.
Cinedigm (NASDAQ: CIDM) announces the release of BATTLE OF THE BULGE: WINTER WAR On Demand and Digital, ahead of Veterans Day on November 6. This film, following the success of BATTLE OF THE BULGE: WUNDERLAND, features veteran actors Tom Berenger and Billy Zane. Directed by Steven Luke, the film showcases a gripping WWII narrative with themes of bravery and sacrifice. Cinedigm highlights its leadership in the digital-first channel space, providing a wide array of content across major platforms.
Cinedigm (NASDAQ: CIDM) has launched The Bob Ross Channel on Pluto TV, featuring around 380 episodes from the iconic public television series. The channel offers free streaming entertainment aimed at families and includes special messages supporting public television and promoting Bob Ross products. This partnership allows advertisers to reach millions of Pluto TV's users through regular ad breaks. The initiative is part of Cinedigm's ongoing strategy to expand its content outreach across major streaming platforms, enhancing the legacy of Bob Ross among new audiences.
Cinedigm (NASDAQ: CIDM) announced its acquisition of The Film Detective, enhancing its content portfolio in classic film and television. This impactful move adds 3,000 titles and over 10,000 episodes to Cinedigm's offerings. The Film Detective, which operates two FAST networks, will maintain its independent operations under CEO Phil Hopkins. This acquisition aligns with Cinedigm's strategy to leverage its distribution capabilities, aiming for significant revenue and profit growth. Closing is subject to due diligence and other conditions.
Cinedigm (NASDAQ: CIDM) celebrates the successful release of its new horror film, THE CALL, which opened to impressive box office numbers last week. Starring horror icons Lin Shaye and Tobin Bell, the film has achieved the highest per-screen average for its opening week in North America. With a thrilling plot set in 1987, anticipation builds as THE CALL heads into its second weekend, expanding its reach across multiple screens. Cinedigm plans to distribute the film digitally and on Blu-ray in the near future.
Cinedigm (NASDAQ: CIDM) announced that Erick Opeka, President of Digital Networks, will join a panel at Streaming Media West Connect 2020. This week-long event runs from September 29 to October 2, offering insights from industry leaders on digital audio and video. Opeka's panel, titled Thriving As An Independent In A World Of OTT Acquisitions, takes place on October 1 from 10 am to 11 am PT. The discussion will focus on how independent channels can thrive amidst major acquisitions in the streaming sector. Registration is free and available online.
Cinedigm (NASDAQ: CIDM) has entered a digital content partnership with Kanopy, a free streaming platform available through universities and libraries. Starting October 1, Kanopy users can access 24 of Cinedigm's acclaimed films across various genres, including documentaries, comedies, and horror. The partnership aims to enhance accessibility to quality films and boost Kanopy's collection with titles like A Brave Heart: The Lizzie Velasquez Story and The Look of Silence. This collaboration reinforces Cinedigm's commitment to increasing the reach of its content.
Cinedigm Corp. (NASDAQ: CIDM) and FantomFilm announce the release of UNDER CONTROLL on Digital and DVD on October 6. This horror film, nominated for the FANtastic Award at the 2019 FANtastic Horror Film Festival, features a storyline about a medieval troll seeking revenge after being accidentally freed from centuries of imprisonment. The film, directed by Eric Hordes and starring Eva Habermann, is a nod to the cult classic Troll 2 and was filmed in Baden-Baden, Germany, before being dubbed in Austin, Texas.
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