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 Hires Industry Veterans Laura Schumer and Ben Cabonargi to Lead Direct Ad Sales for Rapidly Growing Podcast Network