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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
Core Insights - Cineverse has acquired streaming rights for Hayao Miyazaki's animated series Future Boy Conan for its RetroCrush service, marking the series' first availability for streaming in the U.S. since its original broadcast in 1978 [1][2] - RetroCrush is celebrating its 5th anniversary, having launched on March 30, 2020, and has seen significant growth in both social media following and paid subscribers [4] - The series will premiere on April 18, 2025, with episodes released weekly, and will also be featured in a marathon on the free ad-supported version of RetroCrush [3][2] Company Overview - RetroCrush is dedicated to classic anime, featuring over 200 series and films, and is available on multiple platforms including SVOD and FAST channels [11] - Cineverse operates a variety of streaming brands, including RetroCrush, and focuses on delivering diverse content across different fandoms [12][13] - GKIDS, the distributor of Future Boy Conan, is known for its award-winning animation and has a strong influence on the perception of animation as an artistic medium [10] Audience Engagement - The RetroCrush Podcast will launch a weekly anime club focused on Future Boy Conan, enhancing audience engagement through discussions and recaps [8] - The service has doubled its social media following to 2.2 million since Cineverse's acquisition, indicating strong community interest [4] Strategic Partnerships - The deal for Future Boy Conan is the second exclusive agreement between Cineverse's RetroCrush and GKIDS, following the success of Nadia: The Secret of Blue Water [7]
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]
Cineverse Partners with The Trade Desk to Optimize Programmatic Ad Inventory through OpenPath
Prnewswire· 2025-03-18 13:00
Core Insights - Cineverse has announced a strategic partnership with The Trade Desk to integrate OpenPath with its C360 ad tech platform, enhancing advertiser access to its extensive content library [1][3] - The integration aims to streamline the advertising supply chain, providing a more efficient and transparent path for advertisers to access Cineverse's inventory [1][2] Company Overview - Cineverse is a next-generation entertainment studio that offers a wide range of content, including over 71,000 premium films, series, and podcasts, and focuses on connecting creators with passionate audiences [5] - The company operates a premium programmatic advertising network and ad-tech platform, C360, which facilitates direct contextual advertising and scalable marketing opportunities across various channels [4][5] Advertising Strategy - Advertisers using The Trade Desk can now leverage Cineverse's digital library to engage with dedicated fandoms, optimize campaigns based on real-time insights, and enhance programmatic campaign effectiveness [2][3] - The partnership is positioned to bridge the gap between premium content and advertisers, promoting more transparent and cost-effective audience engagement [3]
Cineverse Hires Industry Veterans Laura Schumer and Ben Cabonargi to Lead Direct Ad Sales for Rapidly Growing Podcast Network
Prnewswire· 2025-03-13 13:00
Core Insights - Cineverse has appointed Laura Schumer and Ben Cabonargi as Directors of Podcast Sales, bringing over four decades of media industry experience to the company [1][2] - The Cineverse Podcast Network has over 35 audio series with more than 75 million downloads, indicating a strong audience reach [1][6] - Podcast and related revenues for Cineverse increased by 39% compared to the previous year, highlighting significant growth in this segment [5][6] Company Developments - Schumer previously worked at Pandora/SiriusXM for nine years, where she was a top producer of podcast revenue [3] - Cabonargi held key roles at SiriusXM, Stitcher, and TargetSpot, focusing on revenue partnerships and podcast advertising [4] - The new appointments are part of Cineverse's strategy to expand its podcast direct sales team to enhance ad sales growth [5] Podcast Network Performance - Cineverse operates a top-10 podcast network, leveraging brands like Bloody Disgusting and Midnight Pulp to deliver popular content [6] - Recent additions to the podcast catalog include shows like Creepy Places: A True Crime Podcast and RetroCrush, expanding the network's offerings [5] - The network generates advertising revenue from various key categories, including movie studios and consumer products [6] Strategic Vision - Cineverse aims to redefine entertainment experiences through technology and innovative storytelling, distributing over 71,000 premium films, series, and podcasts [7] - The company is focused on connecting fans with independent stories and enhancing revenue through cutting-edge streaming tools and AI technology [7]
Cineverse Partners with SymphonyAI to Accelerate AI Capabilities of Matchpoint Insights Platform
Prnewswire· 2025-03-11 13:00
Core Insights - Cineverse is enhancing its AI capabilities by adopting SymphonyAI's Revedia DataOps to unify various revenue and viewership data sources, aiming to optimize its AI-driven business strategies [1][2][3] - The partnership with SymphonyAI is part of Cineverse's broader strategy to scale its streaming business, expand content licensing, and improve revenue through its proprietary Matchpoint™ platform [2][4] - Cineverse has developed five AI modules to automate tasks and is focused on leveraging advanced AI for deeper insights into channel performance and revenue trends [2][3][4] Company Overview - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts, aiming to connect fans with independent stories [6] - The company utilizes its Matchpoint™ suite of streaming technology and AI tools to support filmmakers and media companies, enhancing the entertainment experience [5][6] - SymphonyAI, founded in 2017, is a leading enterprise AI SaaS company that supports digital transformation across various sectors, including media, and has rapidly grown to 3,000 professionals [7]
Cineverse and Leading Comedy Club Brand The Stand Group to Launch WITZ Podcast Network Through New Development and Distribution Pact
Prnewswire· 2025-03-06 14:00
Core Insights - The Stand Group has partnered with Cineverse to enhance its digital presence through the launch of the WITZ Podcast Network, aiming to monetize existing comedy programming and develop new intellectual property (IP) [1][2][5] - The partnership will kick off at the SXSW event, coinciding with the release of the comedy/horror film "The Toxic Avenger" [1][5] - Cineverse's podcast network is expanding into the comedy genre, which is currently the most popular podcasting category in the U.S., having grown its revenue share significantly from 2022 to 2024 [4] Company Overview - The Stand Group has been a prominent player in the New York comedy scene for about two decades, hosting top comedians and providing a venue for live performances [10] - Cineverse operates a top-10 podcast network with over 35 audio series, focusing on horror, true crime, and entertainment content [7][8] - The WITZ Comedy-TV channel, launched in 2022, features original programming and aims to deliver fresh, uncensored comedy content to audiences [11] Financial Performance - Cineverse's podcast and related revenue increased by 39% year-over-year in its most recently reported quarter [8] - The comedy podcast genre has gained 300 new advertisers in Q3 2023 alone, indicating strong market demand [4] Strategic Goals - The partnership aims to maximize marketing, promotional, and sales initiatives for new creators and original IP [3][6] - The collaboration is expected to enhance Cineverse's credibility in the comedy genre and leverage the WITZ Podcast Network for promotional campaigns [6]