Cineverse Corp Stock Price, News & Analysis

Cineverse Corp. (NASDAQ: CNVS) announces a successful opening for Terrifier 3, which earned $21.4 million at the box office over the four-day holiday weekend. The horror sequel, shown in over 2,500 theaters in North America, is Certified Fresh on Rotten Tomatoes with an 89% Popcornmeter audience score and a B CinemaScore. Chris McGurk, Chairman & CEO of Cineverse, hailed the success as a triumph for independent filmmaking, praising the creative team led by filmmaker Damien Leone and producer Phil Falcone. The film's performance surpassed expectations, competing with major studio releases despite being an indie production. McGurk acknowledged the contributions of various partners and agencies in the film's success, emphasizing the fan-centric marketing strategy that focused on digital engagement and community interaction.

Cineverse Corp. (NASDAQ: CNVS) has launched cineSearch, an AI-powered content discovery tool, for public preview. This innovative platform integrates with top streaming services, including Netflix, to offer personalized recommendations through its AI assistant, Ava. Key features of cineSearch v1.0 include:

• Integration with major streaming platforms
• Customizable AI assistant with voice options
• Saved searches and content organization
• Enhanced user experience with trailers and avatars

Developed using Google Cloud AI technology and partnerships with industry leaders, cineSearch aims to revolutionize content discovery across streaming services. The public can now access cineSearch at cinesearch.com.

Cineverse's horror brand Bloody Disgusting is expanding its merchandise business, tapping into fan nostalgia and retail partnerships. The company has launched exclusive products in 1,700+ Walmart stores, including a sold-out Terrifier 2 VHS collector's edition. Partnerships with Spencer's and Spirit Halloween have led to merchandise lines featuring iconic horror characters.

The success of these initiatives has strengthened the Bloody Disgusting brand, generating revenue through nostalgia-driven products. With the upcoming release of Terrifier 3 on October 11, the company anticipates further growth in product opportunities, including collectible popcorn buckets.

Cineverse Corp. (NASDAQ: CNVS) announced that its executives, Tony Huidor (CTO & COO) and Erick Opeka (President & CSO), will speak at the Google Cloud Live event in New York City on October 8, 2024. They will showcase cineSearch, the company's AI-powered content discovery tool, highlighting its development journey and collaboration with Google Cloud.

cineSearch features Ava, an AI chatbot that personalizes content suggestions through analysis of viewing habits. The tool uses generative AI to analyze millions of titles at the frame-level, offering precise recommendations. Cineverse, with 20 years of innovation in media and entertainment, leverages advanced technology to enhance content engagement and monetization, boasting one of the largest collections of independent films, series, and podcasts.

Cineverse Corp. (NASDAQ: CNVS) has launched its Yu-Gi-Oh! free ad-supported streaming television (FAST) channel on LG Channels, available on LG Smart TVs from 2016 and newer. The channel offers nearly 400 hours of content, including popular series like Yu-Gi-Oh! Duel Monsters and Yu-Gi-Oh! SEVENS, as well as the movie Yu-Gi-Oh! The Dark Side of Dimensions.

Marc Rashba, Executive VP of Partnerships at Cineverse, highlighted the channel's growth, noting a 368% increase in minutes viewed in July compared to its May launch on another platform. The channel will feature special programming stunts, such as the recent Labor Day marathon and the upcoming Duel-O-Ween Halloween event.

This expansion provides Yu-Gi-Oh! fans with more access to the franchise's content while offering advertisers a highly engaged audience.

Terrifier 3, the highly anticipated horror film, premiered at Fantastic Fest 2024 in Austin, TX, receiving overwhelming praise from critics and fans. Following the shocking reactions to its predecessor, early buzz suggests Terrifier 3 could push audiences even further with its unapologetic violence and graphic kills. The film follows Art the Clown's reign of terror on Christmas Eve in Miles County, with returning cast member Lauren Lavera reprising her role as Sienna Shaw.

Early reviews describe the film as a "blood-soaked triumph" and "the most disgusting, vile film of the trilogy." Cineverse executives expect Terrifier 3 to exceed the performance of Terrifier 2, which grossed over $15 million globally on a $250,000 budget. The film is set for a nationwide release on October 11, 2024, distributed by Cineverse (NASDAQ: CNVS) and its horror division, Bloody Disgusting.

Cineverse Corp. (NASDAQ: CNVS) has earned industry recognition for its innovative Matchpoint™ technology. The company has been named a finalist in the Technology Innovation in Content Delivery category at the 4th Annual EnTech Awards, organized by the Digital Entertainment Group (DEG). The awards ceremony will take place on October 1 in Los Angeles.

Additionally, Cineverse received the 2024 Innovation Award at the Next TV Summit on September 10 in New York City. Tony Huidor, CTO and COO of Cineverse, accepted the award and participated in a panel discussion on content bundling.

Matchpoint™, Cineverse's proprietary technology suite, powers the company's entire streaming business and has been instrumental in addressing the challenges of operating multiple streaming services in a rapidly evolving industry.

Cineverse Corp. (NASDAQ: CNVS) has fully integrated LiveRamp's Authenticated Traffic Solution into its Matchpoint™ OTT platform. This cookieless infrastructure enhances data security and accuracy for Cineverse's advertisers and will be available to all Matchpoint™ customers. The integration allows advertisers to leverage first-party data for improved targeting, personalization, and measurement across Cineverse's platforms and LiveRamp's authenticated ecosystem.

Key benefits include:

• Use of LiveRamp's RampID for secure, pseudonymous transactions
• Enhanced ability to reach authenticated audiences at scale
• Improved personalization without compromising user privacy
• Stronger performance signals for advertisers

This integration aligns with Cineverse's commitment to technological innovation and privacy-centric advertising solutions, positioning it as a leader in the rapidly evolving CTV sector.

Cineverse Corp. (NASDAQ: CNVS) and its horror division, Bloody Disgusting, have released the official trailer and key art for Terrifier 3. The film is set for a world premiere at Fantastic Fest 2024 and a theatrical release on October 11th. Tickets are now available at terrifier3.com.

The trailer garnered over 7 million views on YouTube in its first 24 hours. The film continues the story of Sienna and her brother as they face Art the Clown's return during the Christmas season. Starring David Howard Thornton and Lauren Lavera, the movie is written and directed by Damien Leone.

Terrifier 2, released in 2022, was a micro-budget production that generated over $15 million at the global box office. Terrifier 3 is expected to be bigger and scarier, with plans for a wide release across all platforms, including Cineverse's SCREAMBOX horror streaming service.