Cineverse Announces Agreement to Acquire IndiCue, Inc.
Rhea-AI Summary
Cineverse (NASDAQ: CNVS) signed an agreement on February 12, 2026 to acquire IndiCue, a connected-TV monetization platform, for $22 million in cash and Cineverse common stock, subject to adjustments. The acquisition is expected to be consummated on or about February 13, 2026.
On February 12, 2026 Cineverse also agreed to issue $13 million of convertible notes, with a four-year term and 9% annual interest, convertible into common stock; Cineverse intends to use net proceeds to fund the IndiCue purchase, working capital, and general corporate purposes.
Positive
- Agreement to acquire IndiCue for $22 million
- Adds a proprietary CTV monetization platform to Cineverse technology stack
- Secured financing via $13 million convertible notes to help fund the purchase
Negative
- Convertible notes carry 9% interest, increasing financing cost
- Notes are convertible into common stock, creating potential shareholder dilution
- Purchase price is subject to adjustments, adding closing-price uncertainty
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner flagged only TOON moving up, while the target is flagged as down. Among close peers, moves are mixed (e.g., LVO -7.87%, RDI -3.6%, MPU +0.77%), suggesting today’s setup is primarily stock-specific around the IndiCue acquisition and related notes.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 07 | Platform acquisition | Positive | +0.9% | Acquisition of Giant Worldwide to integrate global media services into Matchpoint. |
| Jan 06 | Rights deal | Positive | +4.4% | Hulu acquires SVOD rights for The Toxic Avenger from Cineverse. |
| Nov 05 | IP acquisition | Positive | -2.1% | Acquisition of Pan’s Labyrinth North American rights and planned re-release. |
| Jul 15 | Team expansion | Positive | -0.5% | Hiring three industry veterans to accelerate feature film acquisitions and releases. |
| May 09 | Franchise rights | Positive | +1.1% | Acquisition of U.S. rights for Return to Silent Hill horror franchise film. |
Acquisition-related headlines have produced mixed but often modest moves, with three positive and two negative 24-hour reactions.
Over the past year, Cineverse has frequently used acquisitions and rights deals to build its content and services portfolio. Events such as the Giant Worldwide purchase and rights to titles like Pan’s Labyrinth and Return to Silent Hill show a focus on expanding recurring revenue and premium IP. The IndiCue transaction continues this acquisition pattern, but unlike prior IP-focused deals, it adds a connected TV monetization platform plus convertible note financing, deepening the company’s technology and advertising capabilities.
Historical Comparison
In the past year, CNVS logged 5 acquisition-type headlines with an average 1-day move of about 0.76%. The IndiCue deal extends this M&A strategy into CTV monetization, adding a tech and ad-infrastructure angle alongside prior IP and services acquisitions.
Acquisition activity has progressed from individual film and franchise rights to full-service platforms like Giant Worldwide and now IndiCue’s CTV monetization technology, broadening both content and infrastructure.
Market Pulse Summary
This announcement combines a strategic acquisition with structured financing. Cineverse plans to acquire IndiCue for $22 million, expanding its presence in CTV monetization, while issuing $13 million of 9% convertible notes with a four-year term. Historically, acquisition news has produced mixed but often modest moves. Investors may focus on integration of IndiCue’s platform, the cost and convertibility of the notes, and how these steps influence upcoming earnings and cash needs.
Key Terms
connected television (CTV) technical
convertible notes financial
AI-generated analysis. Not financial advice.
In addition, on February 12, 2026, Cineverse agreed to issue convertible notes to certain investors in the aggregate amount of
About Cineverse
Cineverse (Nasdaq: CNVS) is an entertainment technology company and studio. Fiercely innovative and independent, Cineverse develops and invests in technology and content that drives the future of the industry. Core to its business is Matchpoint® – a growing tech ecosystem powered by AI and designed to prepare, distribute, monetize, and continuously improve content across any platform. Matchpoint helps studios large and small operate at scale and improve performance and efficiency in an increasingly fragmented distribution environment. Additionally, Cineverse distributes more than 71,000 premium films, series, and podcasts, across theatrical, home entertainment, and streaming; operates dozens of digital properties that super serve passionate fandoms around the world; and works with leading brands to connect them with audiences they value. From award-winning technology to the highest-grossing unrated film in
Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cineverse officials during presentations about Cineverse, along with Cineverse's filings with the Securities and Exchange Commission, including Cineverse's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings, or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cineverse's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties, and assumptions about Cineverse, its technology, economic and market factors, and the industries in which Cineverse does business, among other things. These statements are not guarantees of future performance, and Cineverse undertakes no specific obligation or intention to update these statements after the date of this release.
For additional information, please contact:
For Media
The Lippin Group for Cineverse
cineverse@lippingroup.com
At Cineverse
Julie Milstead
investorrelations@cineverse.com
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SOURCE Cineverse Corp.
FAQ
What did Cineverse (CNVS) announce on February 12, 2026 about IndiCue?
When is the Cineverse (CNVS) acquisition of IndiCue expected to close?
What are the terms of the convertible notes Cineverse issued in February 2026?
How will Cineverse (CNVS) fund the IndiCue acquisition?
What does IndiCue provide and why is Cineverse buying it?
