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Cineverse Adds Three Industry Veterans to Accelerate Feature Film Acquisitions and Releasing Business
Prnewswire· 2025-07-15 17:40
Core Insights - Cineverse has appointed three key executives to enhance its Motion Pictures Group, aiming to strengthen its development, acquisitions, and distribution capabilities [1][5] Group 1: Executive Appointments - Steven Peros has been appointed as Vice President of Creative Development and Filmmaker Relations, responsible for leading development and overseeing physical production, with a background in development at New Line Cinema and experience with major studios [2] - Dan Fisher has been named Vice President of Acquisitions, bringing over a decade of experience in acquisition and digital sales from various companies, focusing on Cineverse's direct-to-digital and OTT slate [3] - Cameron Moore joins as a consultant for theatrical distribution, leveraging his extensive experience in maximizing profitability and strategic planning for theatrical releases [4] Group 2: Strategic Vision - The company aims to build a diverse slate of theatrical, digital, and streaming content, targeting specific fandoms with IP-driven and award-winning releases [5] - Cineverse's mission is to deliver engaging content for fans, creators, and partners, emphasizing authentic audience connections [5] Group 3: Upcoming Releases - Following the success of "Terrifier 3," Cineverse plans to release several franchise expansions, including "The Toxic Avenger" on August 29, 2025, and "Silent Night, Deadly Night" on December 12, 2025, among others [6] Group 4: Company Overview - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts, focusing on empowering creators and entertaining fans through innovative technology [7] - The company is known for its high-grossing independent films and a variety of streaming channels, aiming to redefine the entertainment experience [7]
Cineverse's Fandor Brings the Heat this Summer with a Lineup of Hot New Titles Including Genre-Blending Time-Travel Adventure, Escape From The 21st Century
Prnewswire· 2025-06-25 13:30
Core Insights - Cineverse and Fandor have announced their Summer programming slate, featuring genre-blending films and festival selections [1][7] - The focus is on bold storytelling that elevates emerging filmmakers alongside established auteurs, aiming for high-impact titles with global appeal [1] Company Overview - Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that operates a wide range of premium streaming brands, including ad-supported and subscription services [5][8] - The company distributes over 71,000 premium films, series, and podcasts, connecting fans with independent stories and innovative content delivery [8] Upcoming Titles - "Escape From The 21st Century" will be available on June 27, featuring a time-travel adventure with a responsibility to save the world [7] - "Else" will be available on July 8, presenting a romance threatened by a strange epidemic [7] - "A Samurai In Time," available on August 5, is a Japanese indie hit that follows a samurai transported to the present day [7] - "The Box Man," available on August 19, is an adaptation of a Kobo Abe novel exploring identity and societal interactions [7] Current Offerings - Fandor currently streams a variety of films, including "Hundreds of Beavers," "The Accident," and "Human Hibernation," among others [2] - Additional titles set to be released later this year include "The Things You Kill" and "Lesbian Space Princess" [2]
Cineverse Launches Dedicated Motion Pictures Group to Take Advantage of High-Growth Feature Film Business Opportunity
Prnewswire· 2025-05-12 16:05
Core Insights - Cineverse has established the Cineverse Motion Pictures Group to enhance its feature film business initiatives, appointing Yolanda Macias as Chief Motion Pictures Officer to lead this new division [1][3] - The executive leadership team, including Chairman and CEO Chris McGurk and President and Chief Strategy Officer Erick Opeka, has renewed their employment agreements, indicating stability and continuity in leadership [2] - Following the success of "Terrifier 3," which is now the highest-grossing unrated film of all time, Cineverse plans to launch an ambitious slate of theatrical releases, including several franchise expansions and new titles [3] Company Overview - Cineverse is a next-generation entertainment studio that focuses on delivering a wide range of content through innovative technology, distributing over 71,000 films, series, and podcasts [4] - The company aims to connect fans with independent stories and has established a strong presence in the horror genre through platforms like Bloody Disgusting [4] - Cineverse utilizes proprietary streaming tools and AI technology to enhance revenue and audience reach, positioning itself for future growth in the entertainment industry [4]
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]