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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 (NASDAQ: CIDM) has launched its streaming channel, Bambu, on XUMO, providing free ad-supported content to over 45 million U.S. households. Bambu specializes in Chinese theatrical films and event television, enhancing Cinedigm's channel portfolio alongside existing offerings like CONtv and Docurama. According to General Manager Tony Huidor, this partnership aims to expand the audience reach and meet viewer and advertiser demands. Cinedigm continues to focus on growing its presence in the free ad-supported television market as traditional cable services decline.
Cinedigm Corp. (NASDAQ: CIDM) reported a fiscal year 2020 revenue of $39.3 million, down 27% from $53.5 million in FY 2019, mainly due to declines in its legacy Cinema Equipment business. However, streaming revenues surged by 31%, with ad-supported streaming channel revenues increasing by 59%, driven by a 466% growth in ad revenues. The company achieved profitability in Q4 2020 with an adjusted EBITDA of $0.7 million, a 125% increase year-over-year. Debt was reduced by $15.5 million, enhancing the balance sheet. Monthly ad-supported streaming viewers grew significantly, reaching 13.2 million by May 2020.
Cinedigm (NASDAQ: CIDM) will announce its fourth quarter and fiscal year 2020 financial results on July 6, 2020, prior to market opening. A conference call is scheduled for the same day at 10:00 a.m. EDT, where investors can participate by dialing in or accessing an audio webcast. The company has been a leader in digital transformation in the entertainment industry for over 20 years, providing premium content and technology services. For further details, visit Cinedigm's website or contact their press office.
LiveXLive Media (NASDAQ: LIVX) has partnered with Cinedigm (NASDAQ: CIDM) to launch a new streaming OTT channel targeting both U.S. and international audiences. Cinedigm will handle international licensing and distribution, expanding LiveXLive's reach to an estimated 330 million devices in North America and 365 million overseas. LiveXLive retains U.S. and international first sales rights for advertising and has access to Cinedigm's library of over 30,000 digital content. The new channel aims to monetize LiveXLive's original productions and library content, capitalizing on the growing demand for live event and music streaming.
Cinedigm (NASDAQ: CIDM) has announced the launch of a new streaming linear channel, MyTime Movie Network, aimed at female audiences, set to debut in early Fall 2020. This channel will feature a curated library of popular films and over 50 original films exclusive to the network. With content addressing various genres, including thrillers and comedies, the network aims to satisfy the evolving viewing habits and demand for ad-supported television. Cinedigm plans to distribute the channel across more than 695 million devices globally.
Cinedigm has announced the launch of the Comedy Dynamics app on VIZIO SmartCast, giving users free access to a vast library of stand-up comedy content. The app features renowned comedians such as Jim Gaffigan and Iliza Shlesinger. Powered by Matchpoint Blueprint™, this initiative allows content owners to easily reach a broader audience through VIZIO's platform. Brian Volk-Weiss, CEO of Comedy Dynamics, emphasized the importance of laughter during challenging times. Cinedigm continues to be a leader in content distribution, adapting to the evolving entertainment landscape.
Cinedigm (NASDAQ: CIDM) has partnered with FreeCast to offer nine streaming networks on FreeCast's SelectTV platform. This partnership aims to enhance Cinedigm's distribution across North America, targeting over 330 million addressable devices. The channels include Bambu, Bob Ross Channel, and Comedy Dynamics, catering to diverse audience preferences. Cinedigm's President, Erick Opeka, emphasized the value of this collaboration in a cord-cutting market, noting the potential to reach highly engaged users. The deal reflects Cinedigm's ongoing mission to expand its streaming services on multiple platforms.
Cinedigm Corp (NASDAQ: CIDM) has announced the release of DEVIL’S NIGHT: DAWN OF THE NAIN ROUGE, now available on DVD and digital platforms including Apple, Amazon, FandangoNow, and VUDU. Directed by Sam Logan Khaleghi, the film features Nathan Kane Mathers and introduces renowned Indian actor Nepoleon Duraisamy. The story revolves around police officers in Detroit haunted by supernatural murders. Cinedigm's EVP Yolanda Macias praised the film's socio-moral themes, while Kyyba Films' CEO Tel Ganesan highlighted its cinematic qualities.
Cinedigm Corp. (NASDAQ: CIDM) has entered a multi-film distribution agreement with Glass House Distribution, starting with the digital and DVD release of GUTTERBUG on August 11, 2020. The film, directed by Andrew Gibson, addresses issues of homelessness and mental health, featuring a cast that includes Andrew Yackel. GUTTERBUG has already received multiple festival awards, enhancing its appeal. Following this release, other films like CANADIAN STRAIN and SAVIORS are set to premiere in September, aiming to engage audiences with thought-provoking narratives.
Cinedigm (NASDAQ: CIDM) has partnered with Team Whistle to enhance the distribution of Whistle TV, a streaming service featuring original programming and premium content. This collaboration aims to expand Whistle TV's reach on various platforms, including connected TVs and OTT services. Whistle TV is already live on platforms like Samsung TV Plus and Vizio SmartCast, focusing on relatable sports and entertainment content. Team Whistle reported over 50% growth in viewership and aims to double its revenue in 2020 through this partnership.
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