Programming from Cineverse Channels Including Crime Hunters, Dog Whisperer with Cesar Milan, Comedy Dynamics, EntrepreneurTV, the Sid & Marty Krofft Channel and more Now Live on the Global Platform Titles from Cineverse's portfolio of free, ad-supported streaming television (FAST) channels now available via video on Spotify include Dog Whisperer with Cesar Millan, Land of the Lost, Entrepreneur Elevator Pitch, The FBI Files and comedy specials from Jeff Dunham, Jim Gaffigan, Eddie Griffin, Tiffany Hadish, K ...

The Channel Has Seen Tremendous Growth Across Consumption and Engagement Since Its January Launch LOS ANGELES, July 2, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced its inaugural Bark Week on the Dog Whisperer With Cesar Millan free ad-supported streaming television (FAST) channel for the week of July 7 to July 14, 2024. The company also announced that the channel will be available on Pluto TV on July 8 – just in time for B ...

Cineverse Corp. (NASDAQ:CNVS) Q4 2024 Earnings Conference Call July 1, 2024 4:30 PM ET Company Participants Gary Loffredo - Chief Legal Officer, Secretary & Senior Advisor Chris McGurk - Chairman and Chie Executive Officer Mark Lindsey - Chief Financial Officer Erick Opeka - President and Chief Strategy Officer Conference Call Participants Dan Kurnos - The Benchmark Company Operator Good day, everyone. Welcome to Cineverse’s Fourth Quarter Fiscal Year 2024 Financial Results Conference Call. My name is Camer ...

Financial Performance - As of March 31, 2024, Cineverse reported a positive working capital of $1.5 million and cash and cash equivalents of $5.2 million[76]. - The company incurred $10.6 million of net cash flows used in operating activities[76]. - Cineverse recognized $14 million of impairment in the current fiscal year[90]. - The company has a total equity of $32.2 million as of March 31, 2024[76]. - The company has incurred a goodwill impairment of $14.0 million during the twelve months ended March 31, 2024, due to a sustained decline in share price from $8.40 to $1.39[116]. - The company has incurred long-term net losses and cash outflows, which may increase as business operations expand and additional marketing and content acquisition activities are undertaken[99]. - Changes in economic conditions could materially impact the company's financial position and results of operations[104]. Stock Information - Cineverse's common stock is listed on the Nasdaq under the symbol "CNVS" and underwent a 1-for-20 reverse stock split on June 9, 2023[59]. - Approximately 20.8% of the company's outstanding Common Stock is beneficially owned by directors, executive officers, and principal stockholders, which may significantly influence business affairs[100]. - The company has never paid cash dividends on its Common Stock and has no current plans to do so, with certain credit facilities restricting dividend payments[117]. - The liquidity of the company's Common Stock is uncertain, with limited trading volume potentially depressing stock prices[108]. - The company's stock price has been volatile, which may affect the price at which Common Stock can be sold in the future[110]. Business Strategy - The company aims to acquire premium content and streaming channels while leveraging its proprietary MatchpointTM technology[56]. - Cineverse's strategy includes licensing film and TV content to key players in the OTT streaming ecosystem, including Amazon, Apple, Netflix, and Google[58]. - The company operates in various specialty sectors, including faith and family, anime, action, horror, and sports, to capture underserved market opportunities[54]. Risks and Challenges - The company faces substantial risks in the media content industry, where commercial success is unpredictable and heavily influenced by audience reactions and competitive releases[102]. - The company is subject to cybersecurity risks and global health threats that may adversely affect its business[106]. - The company has not established significant "key person" life insurance policies for key employees, which may adversely affect operations if key personnel are lost[101].

Exhibit 99.1 Cineverse Reports Fourth Quarter and Fiscal Year 2024 Results Total Revenue of $49.1 Million Total Direct Operating Margin Increased to 61% from 47% Selling, General, and Administrative Expenses Decreased By $8.9 Million, or 24% Adjusted EBITDA of $4.4 Million, an Increase of $4.3 Million from Prior Year Positive Working Capital of $1.5 Million as of Year End LOS ANGELES, July 1, 2024 – Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainmen ...

Selling, General, and Administrative Expenses Decreased By $8.9 Million, or 24% LOS ANGELES, July 1, 2024 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the quarter and fiscal year ended March 31, 2024 ("FY 2024"). During the fourth quarter, the Company recorded a $14.0 million non-cash, non-recurring impairment to Goodwill. The Goodwill impairment was required by US GAAP as a r ...

Terrifier 2's Art the Clown Collector's Edition VHS among Items from Cineverse's Horror Brand LOS ANGELES, June 28, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have announced today a new Horror Fan Shop featuring exclusive Bloody Disgusting merch including Terrifier 2's Art The Clown and more at 1,700-plus Walmart stores across the country. This collection has limited quantities and was curated by Bl ...

LOS ANGELES, June 27, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the 9 Story Presents: Garfield and Friends Channel is now live on Sling Freestream. The 9 Story Presents: Garfield and Friends Channel debuts as Alcon Entertainment's presentation of The Garfield Movie, which is distributed by Sony Pictures, enjoys a successful run in theaters – having crossed $230 million in global box office revenue and generating a posit ...

SAN JOSE, Calif., June 25, 2024 /PRNewswire/ -- XL8, a leading deep-tech startup specializing in AI-powered machine translation technology, and Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced an agreement to enhance Cineverse's Matchpoint content management and distribution platform with XL8's advanced AI-driven captioning and localization capabilities. XL8's MediaCAT APIs will serve as a critical link in Cineverse's digital media supply chain, which w ...

Cineverse will host a conference call discussing these results at 4:30 p.m. ET/1:30 p.m. PT that same day. To participate in the live conference call, please use the following dial-in numbers: The conference call can also be accessed by webcast at the Investors section of the Company's website at https://investor.cineverse.com/events-and-presentations. Those who are unable to attend the live conference call may access the recording at the webcast link, which will be made available shortly after the conclusi ...