Welcome to our dedicated page for cidm news (Ticker: cidm), a resource for investors and traders seeking the latest updates and insights on cidm stock.
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) reported record growth in audience for its ad-supported streaming networks. In May 2020, the company reached approximately 13.2 million monthly active viewers, a 38% increase from March 2020 and 193% growth from October 2019. Key achievements include 10.4 million viewers on FAST channels and 2.8 million on AVOD channels. Viewing hours surged by 43%, with ad requests on connected TV rising to 92% of inventory. New initiatives include the launch of CONtv Anime and expansion of third-party operated channels, increasing addressable devices to 330 million in North America.
Cinedigm Corp. (NASDAQ: CIDM) has regained compliance with Nasdaq's Listing Rule 5450(a)(1), requiring a minimum bid price of $1.00 per share. The notification came after CIDM's stock met the $1.00 per share threshold for 10 consecutive business days. Previously, on October 11, 2019, Cinedigm was notified of non-compliance when its stock price fell below the required amount for 30 consecutive business days. This compliance reinstatement is crucial for maintaining the company's listing on the Nasdaq Exchange.
Cinedigm (NASDAQ: CIDM) partners with SPI International to launch two ad-supported streaming channels: Gametoon and FashionBox HD. This collaboration aims to enhance marketing and monetization efforts for these channels across North America, reaching over 300 million connected devices. FashionBox HD focuses on fashion lifestyle content, while Gametoon caters to gaming and esports enthusiasts, featuring game reviews and tournaments. The partnership capitalizes on SPI's extensive content library and audience reach.
Cinedigm (NASDAQ: CIDM) has launched CONtv Anime, a 24/7 streaming network dedicated to Japanese Anime, available on over 120 million connected devices. The service also plans to rebrand Viewster into CONtv Anime, expanding its reach to about 295 million devices globally. This move comes amidst a growing demand for Anime, which has a market value of over $19 billion annually. Cinedigm aims to enhance its portfolio of networks and meet the rising consumption of ad-supported content, leveraging its existing library of over 30,000 films and episodes.
Cinedigm (NASDAQ: CIDM) has partnered with Vewd, the leading Smart TV OTT software provider, to distribute its streaming entertainment networks on over 300 million compatible devices worldwide. This partnership enhances Cinedigm’s global reach, particularly in the EU, Latin America, and Asia, tapping into the growing ad-supported video on demand market. Initial channels set to launch include Comedy Dynamics, The Bob Ross Channel, and Docurama. The collaboration aims to capitalize on the global surge in ad-supported OTT revenues, projected to reach $53 billion in five years.
Cinedigm (NASDAQ: CIDM) has launched The Bob Ross Channel on Roku, marking the fourth domestic OTT platform to offer the channel. This channel features around 380 episodes from Bob Ross' beloved series, The Joy of Painting. With a strategy focused on free ad-supported TV, Cinedigm aims to capture the growing viewer base shifting from traditional cable. Bob Ross’ legacy remains strong, drawing millions of views across platforms, including 5.6 million on Twitch and nearly one million hours on Hulu. The channel's partnership aims to expand its outreach to Bob Ross enthusiasts while promoting art education.
Cinedigm Corp (NASDAQ: CIDM) has acquired North American distribution rights to EVERYDAY MIRACLES, a faith-based film featuring Gary Cole and Erik Smith. The film, directed by Marty Madden, tells the story of a reluctant faith healer navigating personal challenges amidst a new family dynamic. Scheduled for release in September 2020, the acquisition reflects Cinedigm's strategic focus on uplifting content during challenging times. The deal was brokered by Cinedigm's Yolanda Macias and Throughline Films' John W. Bosher.
Cinedigm (CIDM) has announced a registered direct offering to sell 10,666,666 shares of its common stock at $0.75 per share, expected to close on May 22, 2020. The offering is conducted under an effective shelf registration and aims to raise capital to support business operations. The Benchmark Company LLC and A.G.P./Alliance Global Partners are acting as co-lead placement agents. Interested investors can access detailed information through a prospectus supplement filed with the SEC.
Cinedigm (NASDAQ: CIDM) announced the launch of its free ad-supported channels—CONtv, Dove Channel, Comedy Dynamics, and Docurama—on IMDb TV. This move enhances Cinedigm's distribution strategy, broadening the reach of its diverse content across major streaming platforms. IMDb TV, a free service offering thousands of movies and shows, will make these channels accessible to a larger audience, aligning with Cinedigm's commitment to expanding its ad-supported business. The partnership aims to tap into IMDb TV's growing user base effectively.
Cinedigm Corp (NASDAQ: CIDM) has acquired all US and Canadian rights to DEVIL’S NIGHT: DAWN OF THE NAIN ROUGE from Kyyba Films and SLK Media Group. Directed by Emmy nominee Sam Logan Khaleghi, this action-packed crime thriller features local police officers confronting supernatural elements amidst mysterious murders in Detroit. The film, starring Jesi Jensen and Nathan Kane Mathers, is set for release on Digital and DVD on June 23, 2020. This acquisition aligns with Cinedigm's strategy to expand its content library in the evolving entertainment landscape.
FAQ
What is the market cap of cidm (cidm)?
What does Cineverse Corp. do?
What are some of Cineverse’s notable streaming channels?
How has Cineverse recently expanded its offerings?
What are Cineverse’s recent financial achievements?
What was the success of the film Terrifier 2?
How is Cineverse leveraging its relationship with Amagi?
What is the significance of Cineverse's partnership with VA Media?
What types of content does Cineverse provide?
What is Cineverse's growth strategy?
Where can I find more information about Cineverse?
