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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 announced the exclusive streaming of TERRIFIER 2 on its horror streaming service, SCREAMBOX, starting October 31, 2022. The relaunch of SCREAMBOX aims to enhance user experience with new features and content discovery. TERRIFIER 2, a surprise hit at the box office, has garnered an 89% Critics score and 85% Audience score on Rotten Tomatoes. The updated SCREAMBOX will offer uncut, ad-free movies and several live channels catering to horror enthusiasts, available across multiple platforms.
Terrifier 2 has achieved a remarkable 31% increase in box office revenue during its second week, marking the best non-holiday week-over-week performance for a horror film in nearly 30 years. The film grossed $1.03M, bringing its total to almost $2.5M with limited screenings. It holds impressive ratings with 89% from critics and 90% from audiences on Rotten Tomatoes. Cinedigm has announced that Terrifier 2 will continue to run in theaters for a third weekend due to its strong box office performance and positive audience reception.
Cinedigm Corp. (NASDAQ:CIDM) has launched RetroCrush, a fast-growing anime streaming channel, on SLING TV, expanding their partnership to fourteen channels. RetroCrush will provide over 100 anime series and 40 films, available to viewers for free with no subscription required. This addition enhances SLING's lineup, which now features 190+ channels. Cinedigm aims to reach passionate anime fans, aligning with their goal to offer unique streaming experiences.
Cinedigm Corp. (NASDAQ:CIDM) announced the launch of Realmadrid TV on Atmosphere, a leading streaming platform for businesses. This partnership allows businesses to stream live matches from LaLiga and UEFA Champions League, along with exclusive content. Realmadrid TV will be available in over 35,000 venues, aiming to expand its reach among a passionate fanbase. The channel will feature 2-3 matches weekly, 8,000 hours of annual content, and various programming like live training sessions and classic matches. This collaboration indicates significant growth potential for CIDM in the sports streaming market.
Cinedigm Corp. (NASDAQ: CIDM) has announced its Annual Stockholder Meeting set for November 10, 2022, which will be virtual. The meeting will showcase its next-generation streaming service, Cineverse, utilizing the proprietary Matchpoint technology. CEO Chris McGurk emphasized ongoing positive business momentum and financial results, aiming for compliance with NASDAQ requirements without a reverse split provision. Cinedigm seeks to enhance its valuation above $1 per share as it continues to launch new initiatives and strategies to attract investors.
Cinedigm Corp. (NASDAQ:CIDM) has launched Cineverse, a new streaming service offering the world's largest library of films and TV shows from over 600 partners. The platform, available for free on connected devices, aims to fill the content gaps left by major streamers. Cineverse will enhance user experience with advanced features, including natural language search and contextual recommendations. With plans to add over 10,000 titles by year-end and expand beyond 1.1 billion devices, Cineverse represents a strategic shift towards broad accessibility in a crowded streaming market.
Cinedigm Corp. (NASDAQ:CIDM) has partnered with Vidgo to launch Cineverse, its ad-supported streaming service, making it the first virtual MVPD to distribute it. Scheduled for a Fall release, this partnership grants Vidgo subscribers access to over 10,000 video-on-demand titles and a diverse array of FAST channels at no additional cost. The integration will utilize the Matchpoint platform to enhance user experience. This move aims to broaden Cinedigm's audience and enhance content discovery for viewers.
Cinedigm Corp. (NASDAQ:CIDM) has partnered with Katch to launch Cineverse, a new all-in-one streaming service, utilizing genomic data for enhanced content discovery. This innovative approach categorizes movies and series using over 2,000 unique variables, promoting a more personalized viewing experience. Cineverse will feature over 20 free ad-supported streaming channels and thousands of on-demand titles across various genres. The partnership aims to revolutionize how audiences discover content, making it more aligned with their tastes.
Cinedigm Corp. (NASDAQ:CIDM) announces the launch of Cineverse, its new flagship streaming service, set for September 15. This ad-supported platform will unify Cinedigm's enthusiast-focused brands, offering a mix of FAST channels and thousands of on-demand movies and TV shows. Initial offerings include popular channels like Fandor and Screambox. Cineverse will be accessible on various devices, including iOS, Android, and Roku. Further distribution partnerships and features are expected throughout the year.
Cinedigm Corp. (NASDAQ:CIDM) will present at the H.C. Wainwright Global Investment Conference from September 12-14, 2022. Chief Strategy Officer, Erick Opeka, is scheduled to present on September 12 at 7:00 AM ET, available on demand. An archived version will be accessible on the Company’s website. During the conference, Cinedigm's management will hold virtual meetings with institutional investors. The Company has over 20 years of experience in digital transformation in entertainment, showcasing streaming channels, films, and technology services.
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