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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.
Cinedigm (CIDM) and Glass House Distribution announce the release of CANADIAN STRAIN, a comedy exploring the impact of cannabis legalization, now available on Digital and DVD in the U.S.A. The film premiered at the Whistler Film Festival and received acclaim at the Oakville Festival of Films and Art. Directed by Geordie Sabbagh, it features a cast including Jess Salgueiro and Colin Mochrie. The narrative follows a cannabis dealer confronting new challenges in a legal market. Cinedigm emphasizes its role in digital entertainment transformation, delivering content globally.
Cinedigm (NASDAQ: CIDM) has announced the launch of the Bloody Disgusting streaming channel, set to premiere exclusively on The Roku Channel on September 29, 2023, in time for Halloween. This channel will be the first ad-supported horror network, featuring a mix of horror classics and original programming aimed at genre fans. With horror representing over 9% of film spending and $1.2B in global ticket sales in 2019, the channel aims to capture the growing market of horror enthusiasts. The company seeks to expand its reach in the ad-supported streaming market as traditional cable services decline.
Cinedigm has announced the upcoming release of HERE COMES RUSTY, a film featuring an all-star cast including Col. Bruce Hampton, Fred Willard, and Joey Lauren Adams. Directed by Tyler Russell, the film follows a struggling dog track owner who makes a high-stakes wager with a dishonest car salesman. This film, set to release this fall, is noted as one of the last projects for the late Willard and Hampton. Cinedigm, a leader in digital content distribution, expressed excitement over this partnership aimed at delivering fresh and humorous entertainment.
Cinedigm (NASDAQ: CIDM) announced that the film THE OUTPOST, starring Orlando Bloom and Scott Eastwood, will be available on Blu-ray™ and DVD starting August 18. The film, based on Jake Tapper's bestseller, depicts a gripping true story of a U.S. military unit's courageous fight against Taliban forces during the Battle of Kamdesh in 2009. The film gained popularity, debuting as the No. 1 movie on Apple for three consecutive weeks. Cinedigm's EVP, Yolanda Macias, expressed excitement about making this military thriller accessible for home viewing.
Cinedigm (NASDAQ: CIDM) announced the addition of four popular networks—Comedy Dynamics, CONtv, Docurama, and Dove Channel—to Redbox's new Free Live TV streaming platform. This partnership aims to provide viewers with diverse content, including stand-up comedy and family-friendly entertainment, enhancing user experience across multiple devices. Cinedigm's Senior Vice President, Tony Huidor, emphasized the collaboration's potential to redefine the viewing experience, leveraging Redbox’s extensive audience. The new service offers free access to a growing selection of live-streamed films and series.
Cinedigm (NASDAQ: CIDM) has partnered with Plex to stream eight of its free, ad-supported channels globally. This collaboration enables Cinedigm to reach a broader, media-focused audience not served by current streaming platforms. Plex, with over 20 million registered users, will distribute channels such as The Bob Ross Channel, Comedy Dynamics, and Docurama. The partnership aims to meet the increasing consumer demand for premium content amid declining cable subscriptions, thereby significantly expanding Cinedigm's international presence.
Cinedigm (NASDAQ: CIDM) has partnered with NBCUniversal to feature over a dozen movies from its library on the newly launched streaming service, Peacock. The collaboration will see the rollout of over 250 films and TV series episodes in the coming months. Yolanda Macias, Executive VP of Cinedigm, expressed enthusiasm for their role as a launch partner, highlighting the partnership's significance in content licensing and streaming channels. Additionally, Cinedigm's free streaming channels, including The Bob Ross Channel, were also included at launch.
Cinedigm (NASDAQ: CIDM) announced that three of its channels, The Bob Ross Channel, Comedy Dynamics, and So…Real, are featured in the launch of NBCUniversal's new streaming service, Peacock. This service offers thousands of hours of content, appealing especially to cord-cutters. The channels provide a mix of instructional programming, stand-up comedy, and curated reality content. Cinedigm's President, Erick Opeka, expressed enthusiasm for this partnership, highlighting their goal to expand high-quality ad-supported channels within the OTT market.
Cinedigm (NASDAQ: CIDM) has partnered with Quincy Newell and TwentyOne14 Media to launch a new urban multi-cultural entertainment network in Q1 2021. This network aims to serve the diverse U.S. demographic, with a focus on African American, Latinx, indigenous, and Asian American audiences. Cinedigm reaches over 670 million devices globally, leveraging its extensive distribution capabilities. The initiative is part of a broader trend highlighting the growing buying power and engagement levels of people of color, expected to exceed $3.9 trillion by 2019.
Cinedigm (NASDAQ: CIDM) reported its strongest Q1 performance in over five years for digital content sales, with a notable 34% year-over-year growth. The increase in viewership was attributed to the ongoing consumer shift towards streaming platforms, driven by the stay-at-home trend. The company highlighted success with next-day air releases and innovative promotional programs that boosted catalog sales. Notably, Cinedigm's partnerships in the educational sector led to remarkable growth, including 70% and 115% year-over-year increases with key partners. The outlook remains strong as streaming demand continues to rise.
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