Cineverse to Launch New Streaming Channel Featuring Jay Mohr and WITZ Podcast Network's Mohr Stories
Cineverse (Nasdaq: CNVS) is launching Mohr Stories as a new FAST channel exclusive to LG Channels in the U.S. and Canada, featuring weekly video episodes of Jay Mohr's podcast plus 100+ hours of library content.
Rhea-AI Summary
Cineverse (Nasdaq: CNVS) is launching Mohr Stories as a new FAST channel exclusive to LG Channels in the U.S. and Canada, featuring weekly video episodes of Jay Mohr's podcast plus 100+ hours of library content.
The channel will run 24/7, remain available as a podcast via the WITZ Podcast Network, and follows video distribution moves that drove 50% month-over-month consumption growth and 34% quarter-over-quarter download gains.
Positive
- Exclusive LG distribution across U.S. and Canada
- 24/7 FAST channel presence increases visibility
- Consumption +50% MoM after adding video on Spotify
- Downloads +34% QoQ indicating audience growth
- 100+ hours of library content supporting launch
Negative
- Exclusive availability on LG Channels may limit non-LG reach
Key Figures
- Registered resale shares
- 21,805,701 shares
- S-3 and 424B3 resale registration
- Potential warrant proceeds
- $13,000,000
- If related warrants from registration are exercised
- Shares outstanding pre-offer
- 21,294,866 shares
- Before registered resale offering
- Shares outstanding post-offer
- 43,100,567 shares
- Assuming sale of all registered shares
- Corsair ownership
- 1,762,650 shares (8.1%)
- Schedule 13G beneficial ownership
- Insider net purchases
- 262,500 shares
- Net insider buying over last 90 days
- Mohr Stories library
- 100+ hours
- Content available on new Mohr Stories FAST channel
- Podcast audience
- 150 million people/month
- U.S. monthly podcast listeners cited in release
Historical Context
-
LG announced new exclusive FAST channels including Mohr Stories with Cineverse.
-
Cineverse partnered with VA Media to grow and monetize YouTube fandom channels.
-
Subsidiary Giant Worldwide handled distribution services for multiple Oscar-nominated films.
-
Launched The Bob Ross Channel in German on Samsung TV Plus Germany.
-
Announced start of production for Wolf Creek Legacy with exclusive NA rights.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
podcast technical
ad-supported streaming television technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
A FAST Channel Exclusive via LG Channels, to be Available on LG TVs in the
New Weekly Episodes to be Featured Alongside More than 100 Hours of Library Content
Among the Emmy-Nominated Comedian's Celebrity Guests Include Ron Funches, Jay Leno, Joe Mantegna, Patton Oswalt, Kevin Pollak, Andy Richter, George Wallace, Flavor Flav, Michael Eric Dyson, Seth Rollins, Gene Simmons, Billy Gibbons, Byron Scott, and Jeanie Buss
Mohr Stories will be available as a premium free, ad-supported streaming television (FAST) channel exclusively via LG Channels. It will continue to be available as a podcast through the WITZ Podcast Network, a partnership between Cineverse and The Stand Group, a leading comedy brand and
In the show, host Jay Mohr and a rotating cast of his hilarious friends regale you with tales and conversation covering every topic imaginable. The show features interviews with comedians and actors like Ron Funches, Jay Leno, Joe Mantegna, Patton Oswalt, Kevin Pollak, Andy Richter and George Wallace, along with a range of guests from Flavor Flav to academic and author Michael Eric Dyson, multi-time WWE Champion Seth Rollins, Kiss' Gene Simmons, ZZ Top's Billy Gibbons, Lakers legend Byron Scott, and Jeanie Buss. You haven't heard the half of it until you've heard... Mohr Stories.
"We are beyond pumped to officially join the LG family. To think that Mohr Stories now lives as one of LG's FAST channels 24/7 is incredible—it's like my podcast finally moved into a penthouse with a better view," said Mohr. "A massive thank you to the team at the Witz Podcast Network and Cineverse. They didn't just believe in the show; they went out and found a way to put my face and these stories in front of a massive new audience. We're taking the conversation to the big screen, and I couldn't be more grateful to have such a powerhouse team behind me."
Launched in 2012, Mohr Stories continues to be a popular show across audio and video. After adding video on Spotify, it saw
In the
About LG Channels
LG Channels is LG's exclusive global FAST (Free Ad-supported Streaming TV) service, offering premium, free-to-stream content for every taste. The service provides a wide range of live channels and on-demand content across diverse genres, including entertainment, movies, drama, news, sports, and more. Operating over 4,500 channels in 36 countries across
About LG Ad Solutions
LG Ad Solutions is a global leader in advanced advertising for Connected TV and cross-screen devices, driven to create meaningful connections between brands and their audiences. The company offers advertisers and content creators broad reach and targeted engagement on a platform with more than 215 million LG Smart TVs worldwide.
About LG Electronics
LG Electronics
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
Contacts:
Cineverse
The Lippin Group (press)
cineverse@lippingroup.com
Julie Milstead (investors)
investorrelations@cineverse.com
LG Electronics
Chris De Maria
christopher.demaria@lge.com
Laura Barbieri
laura.barbieri@lge.com
LG-One
Marisa DeRose
marisa.derose@lg-one.com
LGMSUS@LG-One.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-to-launch-new-streaming-channel-featuring-jay-mohr-and-witz-podcast-networks-mohr-stories-302727253.html
SOURCE Cineverse Corp.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.