Cineverse Acquires Film Festival Favorites, Breathing In and Deus Irae, from XYZ Films
Rhea-AI Summary
Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting have acquired two award-winning films for their SCREAMBOX platform from XYZ Films. The first acquisition, Breathing In, winner of Best Film at the 2024 Macabro Film Festival, is set in 1901 South Africa and follows a wounded general seeking refuge with mysterious consequences. The second film, Deus Irae, an official selection at Brussels International Fantastic Film Festival and Sitges Film Festival Pitchbox winner, follows excommunicated priests hunting the possessed. Both films join recent SCREAMBOX acquisitions including #AMFAD, Creeping Death, and others.
Positive
- Acquisition of two award-winning films enhancing content library
- Strategic expansion of horror content portfolio on SCREAMBOX platform
- Strengthening market position in horror streaming segment
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CNVS declined 5.08%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Both Award Winning Films to Stream on SCREAMBOX
Breathing In is set in 1901,
Deus Irae follows disturbed Father Javier, who assists families that have witnessed miracles, while being part of a trio of excommunicated priests who hunt the possessed down with Bibles, fire and shotguns. Award-winning Pedro Cristiani directs this feverish descent to hell, with fully practical creature effects and starring Pablo Ragoni, Gastón Ricaud and Sabrina Macchi.
The deals were negotiated by Executive Director, Acquisitions, Brandon Hill on behalf of Cineverse with Pip Ngo on behalf of XYZ Films and filmmakers.
They join other recent acquisitions on SCREAMBOX such as #AMFAD, Creeping Death, Haunted Ulster Live, Cryptids and Devon.
ABOUT CINEVERSE
On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.
With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women's entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.
ABOUT SCREAMBOX
SCREAMBOX features a broad mix of content for casual and die-hard horror fans alike. The service is refreshed monthly with content from the Company's extensive genre library with films and episodes delivering every type of terror imaginable. SCREAMBOX currently features classic horror films like The Texas Chainsaw Massacre and Black Christmas, instant slasher hit Terrifier 2 as well as the BBC series Bedlam and Being Human. SCREAMBOX recently premiered the found footage feature Frogman and acquired the highly anticipated anthology Tales From the Void. SCREAMBOX is available to stream on iOS, Android, Prime Video, YouTube TV, Comcast, Cox and screambox.com.
CONTACTS:
For Media, The Lippin Group for Cineverse
cineverse@lippingroup.com
For Investors, Julie Milstead
investorrelations@cineverse.com
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SOURCE Cineverse Corp.