Welcome to our dedicated page for Cineverse news (Ticker: CNVS), a resource for investors and traders seeking the latest updates and insights on Cineverse stock.
Cineverse Corp. reports news on its entertainment technology and studio business, including streaming channel launches, content-distribution partnerships and updates to its Matchpoint® technology ecosystem. The company operates owned and operated digital properties, distributes films, series and podcasts across theatrical, home entertainment and streaming channels, and uses Matchpoint to prepare, deliver, monetize and analyze video assets across FAST, AVOD, SVOD and connected-TV platforms.
Recurring developments include new fandom-focused channels, platform distribution agreements, programmatic advertising and audience-network initiatives, social-video monetization, media supply-chain services through Giant Worldwide, and product announcements such as Matchpoint Hex™ for classification, discovery, programming and contextual advertising. Corporate updates also include leadership changes and capital-market activity tied to its public-company structure.
Cineverse (NASDAQ: CNVS) has announced a strategic partnership with JoySauce, utilizing Cineverse's proprietary Matchpoint™ streaming technology platform. JoySauce, a lifestyle company focused on American Asian content, will use Matchpoint to license, monetize, and distribute its library of original and exclusive content.
The partnership will unfold in two phases: Initially, JoySauce will use Matchpoint to ingest and license its content library to leading streaming platforms. In the second phase, planned for later in 2025, Cineverse will help create a standalone streaming service, including a branded JoySauce SVOD app and a FAST channel.
The content library includes original productions like 'Mixed Six' and 'VeryAsianConversations', along with acquired content such as 'Kim's Convenience', 'Jimmy O. Yang Good Deal', 'Project Gutenberg', and 'Bulge Bracket'. The service aims to target both the AAPI community and viewers interested in American Asian content.
Cineverse (CNVS) has announced the theatrical release of 'The Toxic Avenger', securing U.S. and Canadian theatrical, home entertainment, and streaming rights through a deal with Legendary Entertainment. The unrated wide release, directed by Macon Blair and starring Peter Dinklage, will hit theaters in 2025.
The film, a reimagining of the cult-classic franchise, has already garnered critical acclaim with a 92% score on Rotten Tomatoes following its premiere at Fantastic Fest. The story follows janitor Winston Gooze (Dinklage) who transforms into a mutant vigilante after a shocking accident. The all-star cast includes Kevin Bacon, Elijah Wood, and Jacob Tremblay.
This release follows Cineverse's success with unrated films, including Terrifier 3, which became the highest-grossing non-rated film in U.S. history. The company continues to expand its portfolio of iconic franchises with passionate fan bases.
Cineverse (NASDAQ: CNVS) has announced two new additions to its indie film streaming service Fandor. Human Hibernation, winner of the FIPRESCI Critics Prize at Berlinale 2024, will be available from January 21st. The film follows Clara's search for her sister Erin, who mysteriously awakens early from hibernation in a society that hibernates during winter months.
The Accident, winner of the Narrative Grand Jury Prize at the 2024 Slamdance Film Festival, will premiere on April 8th. It tells the story of Marcella, a recently separated mother who enters the towing business after losing her job.
These films join Fandor's catalog, which includes the acclaimed Hundreds of Beavers, recognized as 2024's Highest Rated Comedy on Letterboxd and featured among the best films of 2024 by major publications. The platform's current lineup includes notable titles such as Atlantide, Mustang, and The Love Witch.
Cineverse (NASDAQ: CNVS) announced that Terrifier 3, the highest-grossing non-rated film in U.S. history, will premiere on SCREAMBOX streaming service on February 14, 2024. The release will feature a new stunt 'Terrify Your Heart: Art's Bloody Valentines,' followed by a behind-the-scenes documentary 'ART ATTACK!' on March 14.
The film has achieved remarkable success, generating nearly $55 million at the box office and performing strongly in digital sales, reaching top positions on various platforms including #1 on Fandango, #2 on Microsoft, and #3 on iTunes. The movie has also been released in multiple physical formats, including DVD, Blu-ray, and 4K UHD versions.
Terrifier 2, the previous installment, maintained its position as SCREAMBOX's most-watched film in 2024. The third installment continues the story of Sienna and her brother as they face Art the Clown's renewed terror during the Christmas season.
Cineverse (CNVS) has announced that Multicom Entertainment Group will utilize its Matchpoint™ OTT solution to digitize and distribute a catalog of over 5,000 assets. The agreement includes the distribution of TheArchive channel, which features film and TV content ranging from Oscar winners to cult classics.
The partnership leverages Matchpoint's three core services: Bluepoint for application development, Dispatch for content management, and Insights for analytics. Matchpoint™ is designed to enable faster, cost-effective content distribution without compromising quality, and currently powers Cineverse's own network of content platforms.
Cineverse (NASDAQ: CNVS) has launched Verse Karaoke, a new interactive music service powered by their proprietary Matchpoint™ technology. Initially available as a free ad-supported video-on-demand (AVOD) app on Smart TVs and www.versekaraoke.com, the service aims to revolutionize home karaoke entertainment.
The app features integration with Smart TV functionality and Matchpoint's personalization capabilities, allowing participants to browse the catalog via QR code scanning while others sing. In partnership with Digitrax Entertainment, Verse Karaoke offers an extensive library of licensed hit songs across various genres, with weekly additions. Key features include full song lyrics access, improved lyric video playback, and a full-screen video experience.
Cineverse (CNVS) has launched Matchpoint Reel Visuals AI, a new AI rights management service that enables content owners to monetize their video content for AI training purposes. The service offers a non-exclusive revenue-sharing model, eliminating delivery costs through Cineverse's Matchpoint technology suite.
The company currently represents AI training rights for over 350,000 hours of video and audio content. According to Grand View Research, the global AI training dataset market, valued at $2.60 billion in 2024, is projected to reach $10.31 billion by 2030, growing at a CAGR of 21.9%.
This initiative is part of Cineverse's broader AI strategy, which includes cineSearch, an AI-powered content discovery tool, and partnerships with AI companies like XL8 for captioning and localization services.
Cineverse (NASDAQ: CNVS) has partnered with Younify to enhance personalized content recommendations for its cineSearch platform. The integration of Younify's Connect SDK enables cineSearch to access users' viewing history across major streaming platforms, improving its AI-driven chatbot Ava's recommendation capabilities.
The partnership allows cineSearch to analyze users' watching patterns, preferences, and ratings across services like Netflix, Amazon, Max, Hulu, Disney+, and Apple TV+. Ava utilizes this data alongside cineCore's metadata warehouse, which contains information on over two million films and TV shows, to provide more nuanced content recommendations based on factors including theme, popularity, quality, tone, mood, setting, and music score.
Cineverse (NASDAQ: CNVS) is expanding its streaming presence by launching the popular 'Dog Whisperer' channel on Samsung TV Plus. Since acquiring global rights to the series in August 2023, the channel has demonstrated significant growth with 204 million minutes viewed and a 559% consumption increase across all platforms in the first nine months of 2024.
The multi-year licensing deal strengthens Cineverse's partnership with Samsung TV Plus, adding to their existing channels including The Bob Ross Channel, Comedy Dynamics, Dove Channel, Midnight Pulp, and RetroCrush. The series, which features all nine seasons and 160 episodes of Cesar Millan's show, was National Geographic's highest-rated series for six years and aired in over 80 countries.
Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting have announced new releases for their streaming service SCREAMBOX. The platform achieved record viewership in October with a 26% increase in minutes consumed compared to the previous month. In 2024, SCREAMBOX will have premiered 19 originals.
The winter lineup includes several new horror films: Breathing In (winner of 2024 Macabro Film Festival's Best Film), Deus Irae (selected for 2024 Brussels International Fantastic Film Festival), Street Trash, Lizzie Lazarus, #Manhole, and Delicate Arch. These join recent releases like Devon, #AMFAD, and Terrifier 3, which became the biggest non-rated box office movie in U.S. history.