Cineverse (CNVS)

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Cineverse Acquires U.S. Rights for Return to Silent Hill, The Newest Installment in the popular Video Game Horror Film Franchise from Davis Films
Prnewswire· 2025-05-09 13:00
Company Overview - Cineverse has acquired U.S. rights for "Return to Silent Hill," a film based on the popular video game series by KONAMI, ahead of the Cannes Film Festival [1] - The film is a faithful adaptation of "Silent Hill 2," which was remade by KONAMI and released to acclaim in 2024 [2][8] - Cineverse aims to build its slate of theatrical releases with this addition, highlighting the franchise's global box office success of $156 million from the first two films [4] Film Details - "Return to Silent Hill" follows the character James, who is drawn back to the town of Silent Hill by a mysterious letter from his deceased love, Mary [2] - The film features extensive visual effects and is set to have a wide theatrical release soon [1][2] - The production team includes director Christophe Gans, who directed the original 2006 film, and original game composer Akira Yamaoka [3] Market Position - The Silent Hill franchise is recognized as one of the best horror video game franchises globally, with the recent remake of "Silent Hill 2" selling over 2 million copies shortly after its release [8] - Cineverse's strategy includes a focus on franchise IP management, aiming to deliver authentic and immersive experiences for fans [7] Upcoming Releases - Cineverse has a lineup of upcoming releases, including "The Toxic Avenger" on August 29, 2025, and a reimagining of "Silent Night Deadly Night" on December 12, 2025 [9][11]
Cineverse Promotes John Squires and Megan Vavarro to Co-Managing Directors of Leading Horror Brand, Bloody Disgusting
Prnewswire· 2025-05-05 13:00
Core Insights - Cineverse has appointed Michael Roffman as Executive Director of Advertising Sales and New Business Development for its horror division, Bloody Disgusting, following his advisory role that contributed to record-breaking revenue [1][3] - Longtime contributors John Squires and Meagan Navarro have been promoted to Co-Managing Directors, tasked with overseeing the brand's editorial evolution and expanding its presence [2] - Since its acquisition by Cineverse in 2021, Bloody Disgusting has transformed into a comprehensive media platform, engaging fans through various channels including podcasts, social media, live events, and its streaming service SCREAMBOX [5][8] Financial Performance - Under Roffman's guidance, Bloody Disgusting achieved a 40% increase in direct sales in fiscal Q4 2025 compared to the previous quarter, driven by campaigns from major studios [3] Strategic Direction - The leadership team will operate under Tom Owen, Co-founder of Bloody Disgusting, who continues as Vice President of Network Strategies at Cineverse [4] - The company aims to grow and forge strategic partnerships while entering new ventures, leveraging the expertise of its newly appointed leadership [7] Company Overview - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts, focusing on connecting fans with independent stories [11] - The company has developed a new blueprint for delivering entertainment experiences efficiently, utilizing proprietary streaming tools and AI technology [10][11]
Cineverse Announces Start of Production for Holiday Horror Film, Silent Night, Deadly Night
Prnewswire· 2025-04-17 13:00
Company Overview - Cineverse is a next-generation entertainment studio that distributes content across various platforms, including theatrical, digital, and physical formats [6][9] - The company has a significant catalog, distributing over 71,000 premium films, series, and podcasts, and is known for its innovative use of technology in entertainment delivery [9] Film Production - Production has commenced for the holiday horror film "Silent Night, Deadly Night," directed by Mike P. Nelson, with a release date set for December 12, 2025 [1][4] - The film features a cast including Ruby Modine as Pamela and Rohan Campbell as Billy Chapman, along with other notable actors [2] Creative Team - The film's crew includes experienced professionals such as Director of Photography Nick Junkersfeld and Production Designer Oscar Fenogolio, among others [3] - The original producers of the 1984 film are involved in the reboot, ensuring a connection to the franchise's legacy [4][5] Financial Backing and Distribution - Financing for the film is provided by Bondit Media Capital and the Royal Bank of Canada, with distribution outside North America managed by Sixth Dimension, a genre label of StudioCanal [4] Market Position - Cineverse has recently achieved success with "Terrifier 3," which is now the top-grossing unrated film of all time, indicating a strong position in the horror film market [6] - The company aims to connect with passionate audiences through its horror division, Bloody Disgusting, which serves as a leading destination for horror content [7][8]
Cineverse Launches "Land of the Lost" and "So
Prnewswire· 2025-04-15 18:00
Popular Channels Now Available to Philo Customersas Part of a Expanded Partnership Between the CompaniesLOS ANGELES, April 15, 2025 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), a next-generation entertainment studio, today announced the addition of two new channels to Philo through a renewed agreement with the entertainment-focused streaming TV service. The free ad-supported streaming television (FAST) channels "Land of the Lost" and "So…Real" are now available to stream. Land of the Lost So…Real "Land ...
Cineverse Acquires U.S. Rights to Lynchian Thriller The Things You Kill; Fall Theatrical Release Planned
Prnewswire· 2025-04-10 14:30
Group 1 - Cineverse has acquired the U.S. distribution rights for "The Things You Kill," a thriller directed by Alireza Khatami, which won the Directing Award at Sundance 2025 [1][3] - The film follows a university professor dealing with the death of his mother and the moral dilemmas that arise from his actions [2][3] - The theatrical release is scheduled for fall 2025, followed by a digital release [1][3] Group 2 - Alireza Khatami is recognized as a compelling new voice in global cinema, blending surreal elements with intricate storytelling [3] - Cineverse aims to connect audiences with independent stories and has a diverse content library, including over 71,000 films and series [7][8] - Fandor, a platform under Cineverse, focuses on unique and underseen films, enhancing the cinematic experience for viewers [5]
Cineverse Expands Existing Line of Credit Facility with East West Bank to $15 Million with a Three-Year Term
Prnewswire· 2025-04-09 13:00
Group 1 - Cineverse Corp. has expanded its line of credit facility with East West Bank from $7.5 million to $12.5 million, with the potential to increase to $15 million, and extended the term from one year to three years at an interest rate of Prime plus 1.25% [1][2] - The expanded credit facility is aimed at making critical content and other investments to drive top-line revenue growth, as stated by the Chairman and CEO of Cineverse, Chris McGurk [2] - This financial move strengthens the company's balance sheet without causing equity dilution, following a successful fiscal third quarter [2] Group 2 - Cineverse is described as a next-generation entertainment studio that offers a wide range of content through technology, distributing over 71,000 premium films, series, and podcasts [3] - The company has developed a new blueprint for delivering entertainment experiences and connects fans with independent stories, including the highest-grossing non-rated film in U.S. history and a premier podcast network [3] - Cineverse utilizes proprietary streaming tools and AI technology to enhance revenue and redefine the entertainment landscape [3]
Cineverse's RetroCrush Acquires Exclusive Streaming Rights to Classic Sci-Fi Anime Series "Future Boy Conan" from GKIDS
Prnewswire· 2025-04-02 16:00
Hayao Miyazaki's Post-apocalyptic Series Joins Growing Streaming Service as RetroCrush Celebrates its 5th AnniversaryRetroCrush Podcast to Include Weekly Anime Club in Friday Episodes, Dedicated to Future Boy ConanLOS ANGELES, April 2, 2025 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), a next-generation entertainment studio, announced today the acquisition of streaming rights for the animated series Future Boy Conan for RetroCrush — its streaming service dedicated to classic anime. Exclusive to RetroCrush, whic ...
Cineverse Hires Tim Russell, Promotes Terry City as Direct Advertising Sales Team Expands
Prnewswire· 2025-03-31 13:51
Core Insights - Cineverse has appointed Tim Russell as Senior Vice President of Direct Advertising Sales and promoted Terry City to Executive Vice President of Direct Advertising Sales to enhance its sales team and support ad sales growth across its media solutions [1][4]. Group 1: Leadership Changes - Tim Russell brings 30 years of experience in sales, having previously served as Chief Revenue Officer at Sabio Holdings, where he led a successful transition to CTV streaming sales and achieved record revenue [2]. - Terry City has over 20 years of experience in building sales and partnerships divisions, with a background that includes executive roles at various media companies and co-founding Steel Titan Entertainment [3]. Group 2: Financial Performance - Cineverse reported $40.7 million in total revenue for the third quarter of fiscal year 2025, marking a 207% increase compared to the same quarter in the previous year [4]. Group 3: Advertising Strategy - The expansion of Cineverse's direct advertising sales team follows the recent hiring of Laura Schumer and Ben Cabonargi as Directors of Podcast Sales, aimed at enhancing the Cineverse Podcast Network, which is a top-10 podcast network with over 75 million downloads [5]. - Cineverse's advertising offerings include a premium programmatic advertising network and custom marketing integrations, targeting dedicated fandoms across various platforms, including audio, display, social, and connected TV [6]. Group 4: Company Overview - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts, focusing on delivering innovative entertainment experiences and connecting fans with independent stories [7].
Cineverse Chooses Iconic Events Releasing as Distribution Partner for the Theatrical Return of Comedy Horror Franchise The Toxic Avenger
Prnewswire· 2025-03-27 18:33
Core Insights - Cineverse has partnered with Iconic Events Releasing for the theatrical distribution of "The Toxic Avenger," set for an unrated wide release on August 29, 2025, following the success of "Terrifier 2" and "Terrifier 3," which grossed over $65 million at the domestic box office [1][2] Group 1: Film Details - "The Toxic Avenger" is a comedic horror film directed by Macon Blair, featuring Peter Dinklage and receiving critical acclaim with a 92% score on Rotten Tomatoes [2][3] - The film is a modern reimagining of the classic franchise, focusing on themes of corporate greed and social injustice, while maintaining the original's irreverent humor and practical effects [2][3] Group 2: Company Background - Cineverse is a next-generation entertainment studio that distributes content across various platforms, including theatrical, digital, and physical formats, and has recently seen success with "Terrifier 3" [4][7] - Bloody Disgusting, the horror division of Cineverse, serves horror fans through various media, including a leading website, podcasts, and a streaming service [5] Group 3: Distribution Partnership - Iconic Events Releasing has been selected as the distribution partner for "The Toxic Avenger," with a focus on honoring the franchise's legacy while appealing to a new generation of fans [2][8] - The partnership aims to deliver a unique cinematic experience, leveraging the success of previous films in the genre [2][8]
Cineverse Celebrates Half Way to Halloween With Slate of Harrowing Films including ART ATTACK!, the Behind The Scenes Look at Terrifier 3
Prnewswire· 2025-03-25 16:00
Core Insights - SCREAMBOX has experienced an 18% increase in paid subscribers since the release of Terrifier 3 in February, indicating strong growth for the horror streaming service [3] - Terrifier 3 has achieved significant box office success, grossing nearly $55 million, making it the top unrated U.S. release ever [3] - The platform continues to expand its content offerings with new titles and behind-the-scenes documentaries, enhancing its appeal to horror fans [6][4] Company Overview - Cineverse operates SCREAMBOX, a rapidly growing streaming service that caters to both casual and dedicated horror fans through subscription video-on-demand (SVOD) and free ad-supported streaming television (FAST) channels [7][8] - The company has developed a diverse range of streaming brands, including those focused on horror, anime, comedy, and independent films, showcasing its broad content strategy [8][9] - Cineverse is recognized for its innovative approach to delivering entertainment experiences and has a catalog of over 71,000 premium films, series, and podcasts [9]