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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 Corp (NASDAQ: CIDM) will announce its financial results for Q3 FY 2023, ending December 31, 2022, on February 14, 2023, after market close. A live conference call will follow at 4:30 p.m. ET for investors, with details available via webcast or phone. Investors can access the call by dialing 1-844-200-6205 (North America) or +1-929-526-1599 (international) using access code 358413. A replay of the call will be posted on Cinedigm's website approximately one hour post-call.
Cinedigm (NASDAQ: CIDM) has partnered with the George A. Romero Foundation to co-produce a new scripted audio series, The Dead, expanding the Night of the Living Dead universe. The series will consist of 24 episodes, showcasing fresh stories and a full cast, and will be distributed via the Cinedigm Podcast Network. The application process for writers will be managed by the George A. Romero Foundation, ensuring high-quality storytelling. This initiative aims to honor Romero's legacy while promoting new horror writers. Cinedigm's podcast network boasts over four million downloads monthly, reflecting its growing presence in the audio entertainment space.
Cinedigm (NASDAQ: CIDM) is set to release the new horror film The Outwaters in theaters on February 9, 2023, following its successful festival run. Collaborating with Bloody Disgusting, the film has garnered attention for its unique found-footage style and received acclaim, winning awards for Best Feature at several festivals. After the theatrical release, the film will debut as a SCREAMBOX Original on Cinedigm's streaming platform. Directed by Robbie Banfitch, The Outwaters explores a chilling camping trip gone wrong and has been noted for its originality in the horror genre.
GoPro has partnered with Roundtable Entertainment and Cinedigm to launch the GoPro Channel in Spring 2023. This new channel will showcase an extensive library of sports and lifestyle content, featuring original programming and user-generated content. With over 3 billion views and 10 million YouTube subscribers, GoPro is set to enhance its reach through this FAST channel across various platforms. The collaboration aims to provide viewers with captivating sports and adventure programming while creating new advertising opportunities for brands.
Cinedigm Corp. (NASDAQ: CIDM) has announced a significant expansion of its flagship streaming service, Cineverse, by adding over 18,000 film and television episodes through a new agreement with Filmhub. The deal, marking Cinedigm's first major third-party content transaction, brings Cineverse's total library to more than 32,000 titles. The partnership aims to provide diverse independent films and documentaries to viewers. The expanded content will be accessible via various platforms, including iOS, Android, and Roku, enhancing Cineverse's offerings in the competitive streaming market.
Cinedigm (NASDAQ: CIDM) has secured an exclusive agreement with Cirque du Soleil to distribute over 30 hours of live performances and documentaries across various platforms in the US, starting March 2023. The deal includes popular shows like KURIOS, VOLTA, LUZIA, and more, as well as behind-the-scenes documentaries and masterclasses. This partnership aims to expand both companies' entertainment offerings and enhance audience engagement, reflecting Cirque's commitment to bringing extraordinary experiences to fans.
Cinedigm Corp. (NASDAQ: CIDM) has appointed Marc Rashba as Executive Vice President, Partnerships, effective immediately. Rashba brings over 20 years of experience in business development, programming deals, and technology sales. He will oversee all aspects of partnerships, including cultivating strategic relationships and expanding digital distribution. Rashba previously served as President at MovieMethod LLC and held senior roles at Sony Pictures. As part of his compensation, he received stock appreciation rights for 100,000 shares with an exercise price of $0.45, vesting over three years.
Cinedigm Corp. (NASDAQ:CIDM) has appointed Russell Schneider as Senior Vice President of Brand Partnerships, aiming to enhance top-line revenue through innovative brand collaborations. With over 15 years of experience, Schneider will oversee sales strategies, client pitches, and partnership deals across Cinedigm's streaming channels and podcasts. He previously held similar roles at Malka Media, 9GAG Limited, and Playboy Enterprises. Schneider has been granted stock appreciation rights for 100,000 shares with a vesting schedule over three years, reflecting a commitment to driving organizational growth.
Cinedigm Corp. (NASDAQ:CIDM) has appointed Mark Lindsey as Executive Vice President of Finance and Accounting.
With over 20 years of experience, Lindsey will handle accounting facets including reporting and tax compliance, reporting to CFO John Canning. His previous roles include Chief Accounting Officer at Firefly Systems and executive positions at American Capital and XM Satellite Radio. This leadership change aims to enhance Cinedigm's financial management capabilities as the company continues to lead in streaming technologies and entertainment.
Cinedigm (NASDAQ:CIDM) has launched two new linear channels on Amazon Freevee: El Rey Network and Realmadrid TV. El Rey Network, curated by director Robert Rodriguez, focuses on Latinx-inclusive content, while Realmadrid TV offers extensive football programming for fans of the renowned club. This move is aimed at broadening the audience reach, enhancing content accessibility, and strengthening partnerships within the streaming ecosystem. Both initiatives are part of Cinedigm's strategy to innovate and expand its digital footprint.
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