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Cineverse to Report First Quarter FY 2026 Financial Results on Thursday, August 14, 2025
Prnewswire· 2025-08-07 13:00
Core Viewpoint - Cineverse Corp. is set to release its financial results for the fiscal first quarter ending June 30, 2025, on August 14, 2025, after market close [1] Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 4:30 p.m. ET/1:30 p.m. PT on the same day [2] - The conference call will be accessible online through the Cineverse Investor Relations website, and participants are required to register in advance [2] Replay Availability - An audio recording of the conference call will be available for replay shortly after its completion, accessible in the Events and Presentations section of the Cineverse Investor Relations website [3] Company Overview - Cineverse is a next-generation entertainment studio that offers a wide range of content through advanced technology, distributing over 71,000 premium films, series, and podcasts [4] - The company focuses on connecting fans with independent stories and has properties including the highest-grossing unrated film in U.S. history and a premier podcast network [4] - Cineverse utilizes proprietary streaming tools and AI technology to enhance revenue and redefine the entertainment experience [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]
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].