Cineverse Launches Streaming Apps for In-Vehicle Video Streaming
Rhea-AI Summary
Cineverse (Nasdaq: CNVS) has partnered with Xperi to launch four streaming apps in automobiles through DTS AutoStage Video Service Powered by TiVo™ and on TVs via TiVo OS. The company's streaming apps, including Verse Karaoke, Cineverse, RetroCrush, and Screambox, will be available in all new BMW models in the U.S., with Verse Karaoke already live.
Built using Cineverse's Matchpoint™ platform, this initiative targets the in-vehicle entertainment market, projected to reach $35.4 billion with 11.6% CAGR between 2024-2030. The integration allows seamless content viewing across home TVs and automobiles, offering access to streaming services, linear TV channels, and sports content through a unified interface.
Positive
- Entry into growing in-vehicle entertainment market worth $35.4B by 2030
- Partnership with BMW provides access to premium auto market segment
- Expansion of distribution channels through TiVo OS integration
- Leveraging existing Matchpoint platform for new revenue opportunities
Negative
- High competition in streaming content space
- Dependency on third-party platforms for content distribution
News Market Reaction
On the day this news was published, CNVS gained 2.57%, reflecting a moderate positive market reaction. Argus tracked a trough of -3.0% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $102M at that time.
Data tracked by StockTitan Argus on the day of publication.
Through Partnership with Xperi, Cineverse Apps Being Integrated into TiVo OS and Available in All New BMW Models via DTS AutoStage Video Service Powered by TiVo™
Four of Cineverse's direct-to-consumer video streaming apps will be among the first available in all new BMW models in the
- Cineverse (general entertainment)
- RetroCrush (classic anime)
- Screambox (horror)
This launch marks Cineverse's first release of apps specifically targeting in-car infotainment systems built by Matchpoint™ – its industry-leading media supply chain platform which automates complex workflows and streamlines content delivery – with a focus on tapping into a growing market for in-vehicle entertainment, which Next Move Strategy Consulting, predicts to reach
"As a company, we constantly strive to leverage emerging technology as a way to reach new and passionate fans of our entertainment content. We see the emergence of in-vehicle infotainment systems as the next frontier in a rapidly evolving media landscape," said Tony Huidor, Cineverse's Chief Product Officer. "The availability of Cineverse's Matchpoint™ on TiVo OS and DTS AutoStage Video Service Powered by TiVo™ will allow fans of Cineverse, RetroCrush, Screambox and Verse Karaoke to enjoy their favorite entertainment both from the comfort of their homes on TVs with TiVo OS and on the go in their automobiles through DTS AutoStage Video Service Powered by TiVo™."
The award-winning TiVo OS platform seeks to transform the smart TV landscape with its intuitive and comprehensive approach to content management and discovery. The platform seamlessly aggregates content from various streaming services, linear TV channels and sports content, allowing consumers to organize and access their favorite shows, movies, and live events in a single user interface. TiVo OS supports a wide range of popular streaming services, providing consumers with access to a vast library of free and paid content.
DTS AutoStage Video Service Powered by TiVo™ is a global entertainment platform delivering a content-first approach for the connected car, seamlessly integrating premium content across live TV, news, sports, movies and more. Like TiVo OS, DTS AutoStage Video Service Powered by TiVo™ focuses on delivering a personalized, intuitive viewing experience, bridging the transition from the home to the in-vehicle experience, allowing users to effortlessly continue their entertainment journey.
About Cineverse Streaming
Cineverse owns and/or operates a wide range of premium streaming brands, from free, ad-supported streaming television (FAST) channels to subscription video-on-demand (SVOD) apps. These span fandoms – from single IP channels around pop cultural icons such as Bob Ross, The Dog Whisperer with Cesar Milan, Garfield and Barney, to channels curated for fans of Horror (Screambox, Midnight Pulp), Pan-Asian and Anime (RetroCrush, AsianCrush), Comedy (Comedy Dynamics), Documentary and Crime (Crime Hunters, Docurama), Independent Film (Fandor), Music (Verse Karaoke), Romance and Rom Coms (Dove Channel), to name a few.
About Cineverse Technology Group
Cineverse develops technology that powers the future of entertainment. Its proprietary Matchpoint™ suite of streaming technology and AI tools – first utilized to build the company's owned-and-operated services and now offered to third parties – supports filmmakers, media companies, platforms and OEMs. cineSearch, the AI-powered search and discovery tool for film and television, makes deciding what to watch as entertaining as the entertainment itself. Additionally, the C360 programmatic audience network and ad-tech platform provides brands the opportunity to target and reach key fandoms wherever they are.
About Cineverse
Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that empowers creators and entertains fans with a wide breadth of content through the power of technology. It has developed a new blueprint for delivering entertainment experiences to passionate audiences and results for its partners with unprecedented efficiency, and distributes more than 71,000 premium films, series, and podcasts. Cineverse connects fans with bold, authentic, independent stories. Properties include the highest-grossing unrated film in
CONTACTS
For Media, The Lippin Group for Cineverse
cineverse@lippingroup.com
For Investors, Julie Milstead
investorrelations@cineverse.com
For Xperi, Tom Huntington
thomas.huntington@xperi.com
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SOURCE Cineverse Corp.
FAQ
What streaming apps is Cineverse (CNVS) launching for BMW vehicles?
How large is the in-vehicle entertainment market that Cineverse (CNVS) is targeting?
Which technology platform is Cineverse using to power its in-car streaming apps?
When will Cineverse's streaming apps be available on TiVo OS?
Which BMW models will feature Cineverse's streaming apps?
