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. (NASDAQ: CNVS) generates a steady flow of news at the intersection of motion picture and video production, streaming channels, and AI-powered media technology. As a next-generation entertainment studio, the company issues frequent updates on theatrical releases, streaming deals, technology launches, and corporate developments.
News about Cineverse often highlights its Motion Pictures Group, which distributes genre and specialty films across theatrical, digital, and physical windows. Recent announcements have covered titles such as The Toxic Avenger, Silent Night, Deadly Night, Return to Silent Hill, Terrifier 3, and the planned 20th anniversary theatrical release of Pan's Labyrinth. Coverage also includes licensing agreements, such as Hulu acquiring streaming rights for The Toxic Avenger, and marketing partnerships with brands and retailers around key releases.
Another major news theme is the Cineverse Technology Group and the Matchpoint™ media supply chain platform. Press releases describe new Matchpoint customers, product upgrades like Matchpoint 3.0, and AI-driven tools such as CINESEARCH, cineCore, and the C360 programmatic audience network. The acquisition and integration of Giant Worldwide, a full-service digital studio, has also been a significant news item, expanding Cineverse’s media services footprint and recurring revenue base.
Investors and industry watchers can also find regular updates on financial results, equity incentive plan amendments, and governance matters through Cineverse’s SEC-related news and earnings releases. For followers of streaming and fandom channels, news items detail new channel launches and FAST distribution partnerships, including the JoySauce Network for "American Asian" entertainment and additional channels on platforms like LG Channels and The Roku Channel UK.
By monitoring this news feed, readers can track how Cineverse combines film releases, streaming partnerships, and AI-powered technology initiatives as it pursues its stated strategy in entertainment and media services.
Cineverse Podcast Network announces major expansion beyond horror content, reporting significant growth with 98% year-over-year podcast revenue increase in the last fiscal quarter and 15 million downloads in October. The network introduces new shows including Creepy Places (attracting 1.3M monthly downloads), Dead Meat Podcast, and upcoming Midnight Pulp and RetroCrush series. Now ranking among top 10 podcast networks with over 50 shows, Cineverse leverages owned brands and strategic partnerships to drive growth in entertainment, true crime, and horror genres.
Cineverse (NASDAQ: CNVS) has launched four FAST (free ad-supported streaming TV) channels on Google TV Freeplay. The new additions include 'Dog Whisperer With Cesar Millan', 'Comedy Dynamics', 'The Bob Ross Channel', and 'The Dove Channel'. Available to U.S. users without subscription or app installation, the channels feature nine seasons of dog training content, stand-up comedy performances, nearly 400 episodes of 'Joy of Painting', and family-friendly entertainment including romance and holiday content.
Cineverse (NASDAQ: CNVS) announced a new lineup of 12 holiday and romance movies from Nicely Entertainment premiering on The Dove Channel starting November 29. The announcement follows Dove's record-breaking viewership in July 2024, with 98 million minutes consumed during their Christmas in July event. The channel has rebranded as a destination for heartwarming stories with the tagline 'Live. Laugh. Dove.' and expects to close 2024 with a 37% year-over-year increase in minutes watched across platforms. The movies will be available on Dove's SVOD apps, AVOD tier, and FAST channel, featuring various romantic holiday themes.
Cineverse (NASDAQ: CNVS) and its horror division Bloody Disgusting have announced release dates for Terrifier 3, which has become the highest-grossing unrated movie ever with over $54 million domestically. The film will be available on EST/VOD November 26, 2024, and physical media December 17, 2024. Physical formats include DVD, Collector's Edition Blu-ray, 4K UHD + Blu-ray, and Steelbook versions, featuring bonus content like a 'Making Of' featurette and 'Eulogy Log' with David Howard Thornton as Art the Clown.
Cineverse (NASDAQ: CNVS) reported Q2 FY2025 results with total revenue of $12.7 million, representing a 20% increase excluding Digital Cinema business. The company achieved a 51% direct operating margin and reduced SG&A expenses by 7%. Notable highlights include a 54% increase in monthly viewership, 98% growth in podcast revenue, and $0.5 million in Adjusted EBITDA. While Q2 results don't include Terrifier 3 performance, the film has generated over $54 million in domestic box office revenue and is expected to contribute at least $20 million in theatrical rental revenues in Q3 FY2025.
Cineverse (NASDAQ: CNVS) reports significant growth in its Cineverse 360 ad platform, with October 2024 marking its strongest month to date, showing a 53% year-over-year increase. The platform now processes over 20 billion CTV ad requests monthly. The C360 Audience Network has attracted major brands including Chase, Hardee's, and Warner Bros., offering targeted advertising across various entertainment genres. The platform played a important role in promoting Terrifier 3, which became the top non-rated box office success, particularly successful among Hispanic audiences who comprised 48% of viewers. The service is now being integrated into Cineverse's Matchpoint™ technology as a monetization option for SaaS customers.
Cineverse (NASDAQ: CNVS) has acquired global rights to a new Silent Night, Deadly Night film, a reboot of the controversial 1984 Santa slasher franchise. The film will be written and directed by Mike P. Nelson, with original executive producers Scott Schneid and Dennis Whitehead returning alongside Jamie R. Thompson. The project is scheduled for late 2025 theatrical release. Brandon Hill and Brad Miska will oversee for Cineverse and executive produce with Erick Opeka and Yolanda Macias. The original 1984 film gained notoriety when parents protested its release, leading to its removal from theaters and subsequent cult classic status.
Cineverse Corp. (NASDAQ: CNVS) announced it will release its second quarter fiscal 2025 financial results on Thursday, November 14, 2024, after market close. The company will host a conference call at 4:30 p.m. ET/1:30 p.m. PT on the same day to discuss the results. The call will be accessible via phone and webcast through the company's investor relations website, with a recording available afterwards.
Cineverse (NASDAQ: CNVS) has appointed Rey Puentenegra as Vice President, Corporate Controller, effective immediately. With over 20 years of experience across Industry, Audit and Regulatory Sectors, Puentenegra will oversee all financial and accounting functions, reporting to CFO Mark Lindsey. His responsibilities include managing accounting operations, regulatory reporting, audit preparation, and internal control policies. Previously Controller at YOUNGLA, Puentenegra has held positions at major firms including KPMG, PwC, and PCAOB. As part of his appointment, he received 85,000 stock appreciation rights with a ten-year term, exercise price of $2.74, vesting over three years from 2025 to 2027.
Cineverse (Nasdaq: CNVS) will celebrate Halloween at the Nasdaq MarketSite in Times Square, featuring Art the Clown from Terrifier 3 ringing the Closing Bell on October 31, 2024. The independent slasher film, distributed by Cineverse, premiered on October 11 and achieved remarkable success by opening at No. 1 at the box office, outperforming major releases including Joker: Folie à Deux.
The film, written and directed by Damien Leone and produced by Phil Falcone, has generated over $45 million domestically, significantly exceeding its budget and expectations. This milestone marks a significant achievement for Cineverse, which has been listed on Nasdaq for nearly two decades.