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 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.
Cineverse (NASDAQ: CNVS) has announced the launch of GoPro Channel and Real Madrid TV on Lights Out Sports TV, a platform founded by NFL All-Pro Shawne Merriman. The company is also providing over 1,200 hours of VOD content to the platform. The GoPro Channel will feature first-person action sports content, while Real Madrid TV will offer behind-the-scenes access to the soccer club, including match highlights and exclusive interviews. Content highlights include programs like 'Chasing El Niño', Tour de France coverage, NHL After Dark, and comprehensive Real Madrid coverage including LaLiga and Champions League campaigns.
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.