Terrifier 3's Art the Clown to Ring Nasdaq Closing Bell as Cineverse Celebrates Halloween - and the Killer Box Office Success of its Hit Indie Slasher Film

Rhea-AI Summary

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.

NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), an innovative streaming entertainment and technology company, will visit the Nasdaq MarketSite in Times Square on October 31, 2024.

To celebrate the recent box office success of independent slasher hit movie, Terrifier 3— distributed by Cineverse — the company has asked the film's iconic character Art the Clown to ring the Closing Bell.

Also joining him on Halloween will be Cineverse executives and guests, including representatives from Terrifier 3 who will be on hand for the ceremony. 

Premiering in North American theaters on October 11, Terrifier 3 opened at No. 1 at the box office, surpassing major studio films including Joker: Folie à Deux. Following this thrilling win for independent cinema, the latest installment of the successful franchise, produced by Phil Falcone and written and directed by Damien Leone, has amassed more than $45 million domestically, far surpassing its budget and expectations.

"Art the Clown and Terrifier 3 took on The Joker at the box office and won, and now are taking on the street," said Cineverse Chief Legal Officer Gary Loffredo. "As our company marks one of the most exciting phases since it began being listed on Nasdaq nearly two decades ago, it's only fitting that on Halloween we are joined by the iconic character, from our number one movie, to ring the closing bell."

ABOUT CINEVERSE

Cineverse's advanced, proprietary technology drives the distribution of over 70,000 premium films, series, and podcasts to more than 150 million unique viewers monthly. From providing a complete streaming solution to some of the world's most recognizable brands, to super-serving their own network of fan channels, Cineverse (NASDAQ: CNVS) is powering the future of entertainment. For more information, please visit cineverse.com.

Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

FAQ

How much did Terrifier 3 earn at the box office as of October 2024?

Terrifier 3 has earned more than $45 million domestically, significantly surpassing its budget and expectations.

When did Terrifier 3 premiere in North American theaters?

Terrifier 3 premiered in North American theaters on October 11, 2024.

Why is Art the Clown ringing the Nasdaq closing bell?

Art the Clown is ringing the Nasdaq closing bell on October 31, 2024, to celebrate Terrifier 3's box office success and Cineverse's (CNVS) achievement in independent film distribution.

Which major studio film did Terrifier 3 outperform at the box office?

Terrifier 3 opened at No. 1 at the box office, outperforming major studio films including Joker: Folie à Deux.