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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cineverse's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cineverse's position in the market.
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Cineverse (CNVS) extends partnership with Konami Cross Media NY, Inc. to distribute Yu-Gi-Oh! anime series, solidifying its position in the streaming anime landscape. The deal includes new series and films, expanding distribution on various platforms and channels. RetroCrush, Cineverse's leading independent streaming anime channel, sees significant growth in audience and engagement.
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End-of-Day
-3.62%
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Cineverse Corp. releases a captivating documentary, 'Represent', showcasing the journey of athletes competing for spots on the first U.S. Olympic women's surfing team. The film, now available on Peacock, highlights surfers like Carissa Moore and Caroline Marks, along with featuring NBA legend Kobe Bryant in one of his final on-camera appearances.
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End-of-Day
3.17%
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Cineverse Corp. announced the premiere of the survival drama film 'ON FIRE' on Peacock, inspired by real wildfires events. Starring Peter Facinelli, the film highlights a man's struggle amidst a catastrophic wildfire, delivering a powerful message on climate crisis.
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Cineverse (CNVS) launches Cineverse 360 (C360), an omnichannel ad platform connecting brands with enthusiast audiences across various marketing channels. The platform offers custom marketing integrations like audio opportunities on the Cineverse Podcast Network, display, social, events, and CTV advertising. C360 aims to reach 82 million monthly viewers across owned and operated partners, expanding to third-party publishers through the Cineverse 360 Audience Network (CAN). Industry veteran Terry City joins as SVP and Head of Cineverse 360, leading the team to provide unique ad solutions and significant growth opportunities.
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End-of-Day
-29.79%
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Cineverse Corp. reports a total revenue of $13.3 million, with a direct operating margin increase to 59% from 48%. SG&A expenses decreased by $2.7 million, or 30%, and adjusted EBITDA reached $1.8 million. Despite revenue, operating profit, and net income decreases, the company's initiatives to reduce costs and optimize streaming channels had a positive impact. The company secured the rights to Terrifier 3 and launched Cineverse Services India to reduce costs. Subscription-based revenues increased by 13%, while advertising-based revenues declined by 31%. The company's direct operating expenses decreased, and SG&A expenses were reduced by 30%. Operating income decreased by $3.0 million, and adjusted EBITDA decreased by $3.2 million. Cash and cash equivalents were $5.5 million, and stockholders' equity was $43.3 million. Operational developments included partnerships with Amagi and Vionlabs, new channel launches, and expanded credit line capacity. Management is optimistic about the company's cost reduction efforts and profitability goals.
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Rhea-AI Sentiment
End-of-Day
-29.79%
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Cineverse Corp. (NASDAQ: CNVS) introduces cineSearch, an AI-powered movie search platform, to revolutionize content discovery and recommendation systems across all streaming platforms. The service utilizes Google Cloud's Vertex AI Search and PaLM 2 LLM to provide an innovative, conversational experience for users seeking film recommendations. CineSearch offers a unified search engine with extensive metadata, scene-specific details, and viewer preferences to suggest ideal movie choices, even across different streaming services. The launch of cineSearch aims to address the pressing issue of effective content discovery in the streaming industry, enhancing user experiences and promoting undiscovered content.
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51.61%
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Cineverse Corp. (CNVS) secures a $7.5 million expanded credit facility from East West Bank, enhancing financial stability without equity dilution. This move supports key business initiatives and aims for sustainable profitability.
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2.04%
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Cineverse Corp. (NASDAQ: CNVS) unveils new free ad-supported streaming television (FAST) channel, EntrepreneurTV, initially available on Sling Freestream. The channel features more than 200 hours of content streaming 24/7 and is the first-ever FAST channel from Entrepreneur Media LLC. It will include original and award-winning shows focusing on entrepreneurship and start-up businesses.
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-0.69%
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News
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Cineverse Corp. (CNVS) will release its financial results for Q3 of fiscal year 2024 on February 14, 2024. The company will host a conference call to discuss the results, with access available via dial-in numbers or webcast. The recording will be made available on the company's website for those unable to attend the live call.
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End-of-Day
-4.64%
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Cineverse Corp. debuts the Sid & Marty Krofft Channel, offering iconic 70s and 80s shows on VOD platforms like The Roku Channel, Cineverse, Dove Channel, and Midnight Pulp. The deal secured worldwide rights to the Kroffts' extensive catalog in 2023, making their classics available digitally for the first time. The remastered library includes shows like H.R. Pufnstuf, The Bugaloos, and Land of the Lost, providing nostalgia for old fans and introducing new generations to the legendary duo's work.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.06%
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Cineverse Corp.
Nasdaq:CNVS
CNVS Rankings
CNVS Stock Data
13.46M
11.21M
15.68%
8.26%
2.3%
Motion Picture and Video Production
Information
United States of America
NEW YORK
About CNVS
cinedigm powers custom content solutions to the world’s largest retail, media and technology companies. we provide premium feature films and series to digital platforms including itunes, netflix, and amazon, cable and satellite providers including comcast, dish network and directv, and major retailers including walmart and target. leveraging cinedigm’s unique capabilities, content and technology, the company has emerged as a leader in the fast-growing over-the-top channel business, with four channels under management that reach hundreds of millions of devices while also providing premium content and service expertise to the entire ott ecosystem. cinedigm is publicly traded - nasdaq: cidm