Chase Sui Wonders in "I Know What You Did Last Summer."Sony Pictures Entertainment/Columbia Pictures/Screen GemsI Know What You Did Last Summer, Jennifer Love Hewitt, Freddie Prinze Jr. and Madelyn Cline’s legacy sequel in the classic slasher movie franchise is coming soon to Netflix.Rated R, I Know What You Did Last Summer opened in theaters on July 18 and then made its debut on digital streaming via premium video on demand on Aug. 26. The official summary for I Know What You Did Last Summer reads, "When f ...

Core Insights - "Karate Kid: Legends" is a new film featuring Ralph Macchio, Jackie Chan, and Ben Wang, which debuted on Netflix after a theatrical release [2][3] - The film follows the story of Li Fong, a kung fu prodigy who moves to New York City and faces challenges from a local karate champion while preparing for a major competition [3][4] - Directed by Jonathan Entwistle, the film also includes a notable cast with Joshua Jackson, Sadie Stanley, and Wyatt Oleff [4] Film Release and Streaming Details - "Karate Kid: Legends" premiered in theaters on May 30 and became available for digital streaming on Netflix on September 27 [3][5] - Netflix offers various subscription packages, including an ad-based option for $7.99 per month and ad-free options ranging from $17.99 to $24.99 per month [5] Cast Insights - Ben Wang expressed his excitement about starring alongside his childhood hero, Jackie Chan, highlighting the surreal experience of working with such a significant figure in action cinema [6][7] - Wang's character, Li Fong, required him to perform challenging fight moves, which he found both daunting and exhilarating [8][9]

Core Insights - The anime feature "Demon Slayer: Kimetsu no Yaiba Infinity Castle" has opened in theaters and is projected to be a major box office success, with international earnings reaching $316.2 million to date [3] - The film is expected to debut at No. 1 in North America, with ticket sales projected between $56 million from 3,315 theaters [3] - The film has received critical acclaim, holding a 97% "fresh" rating on Rotten Tomatoes and a 99% rating on the Popcornmeter based on over 2,500 user ratings [4] Streaming Release - The film is anticipated to follow the typical release pattern for Sony Pictures/Crunchyroll films, which is approximately four and a half to five months after theatrical release [5] - If this pattern holds, "Demon Slayer: Kimetsu no Yaiba Infinity Castle" could be available on Crunchyroll between January 29, 2026, and February 12, 2026 [6] Subscription Information - Crunchyroll offers three subscription tiers: - Fan tier at $7.99 per month, ad-free with access to the library [7] - Mega-Fan tier at $11.99 per month, ad-free, allowing streaming on up to four devices [7] - Ultimate Fan tier at $15.99 per month, ad-free, allowing streaming on up to six devices and offline viewing [8]

Group 1 - "Karate Kid: Legends" is set to stream on Netflix starting September 27, following its theatrical release on May 30 and digital release on July 8 [2][3]. - The film features a storyline about a kung fu prodigy, Li Fong, who moves to New York City and faces challenges from a local karate champion while being guided by Mr. Han and Daniel LaRusso [2][3]. - The film is rated PG-13 and includes a cast featuring Ralph Macchio, Jackie Chan, and Ben Wang, among others [7]. Group 2 - Netflix offers three streaming options: an ad-based package at $7.99 per month, an ad-free package at $17.99 per month, and a premium ad-free package at $24.99 per month for 4K Ultra HD [4]. - The "Karate Kid" franchise has a rich history, starting with the original film and its sequels, followed by a reboot in 2010 and the successful "Cobra Kai" series that ran for six seasons [5][6]. - Ben Wang, the new lead, received support from Ralph Macchio, who encouraged him to focus on his character without worrying about the franchise's legacy [6][7].

Financial Data and Key Metrics Changes - The company reported revenue of $11.1 million, a $2.1 million or 22% increase year-over-year, with a gross margin of 57% compared to 51% last year, significantly above guidance of 45% to 50% [14] - The net loss for the quarter was $3.5 million, with adjusted EBITDA of negative $2.1 million, compared to a net loss of $3.1 million and adjusted EBITDA of $1.4 million in the prior year quarter [14][15] - Cash and cash equivalents stood at $2 million as of June 30, 2025, with $8.9 million available on a $12.5 million working capital facility [15][16] Business Line Data and Key Metrics Changes - Streaming business delivered 4 billion total minutes viewed, up 38% year-over-year, and 20% sequentially, with total streaming viewers climbing to 214 million, up 24% [17][18] - Subscriber count grew to 1.4 million, an increase of 5% year-over-year and 1% over the prior quarter [18] - The advertising business saw a 57% year-over-year growth driven by new and returning advertisers, despite mixed performance in open market programmatic [19] Market Data and Key Metrics Changes - The company is entering the microseries market, projected to reach $10 billion by February 2027, with a joint venture for MicroCo aimed at becoming a first mover in this rapidly growing market [12][26] - The Cineverse channel has grown more than 4300% since January, indicating strong traction in the market [18] Company Strategy and Development Direction - The company is focusing on expanding its theatrical releasing business and building out its technology product, with significant investments in sales, legal, marketing, and technology [7][14] - The strategy includes leveraging unique assets in streaming, content, technology, and AI to create a competitive advantage in the microseries space [13][26] - The Motion Picture Group is building a strong slate of wide releases, targeting identifiable audiences and creating event viewing experiences [27][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in seeing strong returns from investments made in the current quarter, expecting improved top and bottom line results for the remainder of the fiscal year [7][14] - The company is optimistic about the upcoming releases, including "The Toxic Avenger" and "Air Bud Returns," which are expected to resonate well with audiences [10][11][28] - Management highlighted the importance of engaging with fans and delivering films they want to see, emphasizing a commitment to innovative approaches in distribution and marketing [31][32] Other Important Information - The company has no long-term debt and has reduced outstanding warrants to 700,000, positioning itself favorably for future growth [15][16] - The marketing campaign for "The Toxic Avenger" was noted as a significant success, receiving extensive media coverage and positive fan engagement [30] Q&A Session Summary Question: Why partner with Cineverse for MicroCo? - Management highlighted the unique collection of assets Cineverse has built, making it an attractive partner for entering the microseries market, which is expected to be a $10 billion business [36][41] Question: What is the investment strategy for MicroCo? - The company plans to bootstrap and fund the launch internally with potential for additional equity partners if needed, emphasizing the scalability of the business [45] Question: What progress has been made with MatchPoint technology? - Management reported significant inroads in bringing MatchPoint to market, with a tripled pipeline of potential deals and a focus on targeting larger studios for meaningful revenue [51][52] Question: How is the podcast revenue strategy evolving? - The company is shifting from programmatic sales to direct sales with a dedicated team, already seeing significant deals coming in, indicating a strong belief in future revenue growth from this segment [55][56]

Core Insights - Cineverse Corp. reported total revenue of $11.1 million for Q1 FY 2026, marking a 22% increase compared to the prior year quarter [1][4] - The direct operating margin improved to 57%, reflecting a 6% enhancement over the previous year [1] - The company experienced a net loss of $3.6 million, slightly higher than the net loss of $3.2 million in the prior year quarter [6] Financial Performance - Total revenue increased from $9.1 million in Q1 FY 2025 to $11.1 million in Q1 FY 2026, driven by growth in streaming, digital distribution, theatrical, and physical sales [4][8] - Streaming and digital revenues reached $9.1 million, an 18% improvement from $7.7 million in the prior year [8] - SG&A expenses rose by $2.4 million, or 36%, to $9.0 million, primarily due to increased compensation, marketing, and legal costs [5] Operational Developments - The company continues to expand its film slate, with upcoming releases including "The Toxic Avenger Unrated" and "Air Bud Returns" [2][14] - Total streaming viewers increased approximately 20% year-over-year to 209 million, with total minutes streamed up 38% to over 4.0 billion [13] - Cineverse's digital content library, valued at approximately $40 million, comprises over 71,000 titles [9] Financial Condition - As of June 30, 2025, the company had nearly $10.9 million in cash and access to a $12.5 million line of credit [3][9] - Working capital was reported at ($0.3) million, a decrease from $3.6 million in the prior year [9] - The company’s total assets were valued at $61.5 million, while total liabilities stood at $25.4 million [19][20]

Financial Data and Key Metrics Changes - In Q4 FY2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase year-over-year [8] - Adjusted EBITDA was $4 million, reflecting a 158% increase compared to the prior year quarter [8] - For the full fiscal year, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The streaming, digital, and podcast revenues were significant contributors to growth, particularly driven by the success of "Terrifier 3" [9] - The company has reorganized its technology business into a separate group to enhance focus and growth [10] - Podcast revenues increased by 57% over the prior year due to a diverse content slate and increased advertiser demand [27] Market Data and Key Metrics Changes - ScreenBlock's subscribers grew by 31% since the home premiere of "Terrifier 3" [26] - The company reported over 3.2 billion minutes streamed across its services, a 45% increase year-over-year [29] - The total subscriber count across the portfolio reached approximately 1.42 million, with a 4% year-over-year increase [29] Company Strategy and Development Direction - The company aims to build a high-growth, high-profit theatrical releasing business by following successful strategies used for "Terrifier" films [9] - A focus on expanding into family films, fantasy, and comedy genres is planned, alongside the current horror focus [53] - The technology division is set to leverage AI and proprietary technology to enhance operational efficiency and market positioning [39][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding operating margin targets of 45% to 50% in future quarters [55] - The company is optimistic about the potential for significant revenue from its technology products, particularly MatchPoint [46] - Management highlighted the importance of adapting to the changing advertising environment and focusing on direct sales strategies [31] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The upcoming film releases include "The Toxic Avenger," "Silent Night, Deadly Night," and "Return to Silent Hill," all with low investment thresholds [12][14] Q&A Session Summary Question: Future film releases and licensing opportunities - Management indicated plans to expand the film slate and engage in discussions regarding pay deals as more films are added [53] Question: Profitability and operating margins - Management confirmed confidence in maintaining strong operating margins, especially with successful film releases [55] Question: Pipeline opportunities for MatchPoint - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [61][62] Question: Podcast monetization strategies - The company is seeing higher CPMs for podcasts compared to CTV, with a focus on larger brand advertisers [70]

Financial Data and Key Metrics Changes - In Q4 2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase from the prior year [8][22] - Adjusted EBITDA was $4 million, reflecting a 158% increase over the prior year quarter [8][22] - For the full fiscal year 2025, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The growth was driven by all key lines of business, particularly streaming, digital, and podcast revenues [9] - The streaming business saw a 31% increase in subscribers following the success of "Terrifier 3" [27] - Podcast revenues increased by 57% over the prior year due to a more diverse content slate and increased advertiser demand [28] Market Data and Key Metrics Changes - The company reported a direct operating margin of 55% for Q4, exceeding the target of 45% to 50% [22] - SG&A expenses decreased to $5.4 million, representing 35% of revenues, a significant improvement from 69% in the prior year [23] Company Strategy and Development Direction - The company aims to build a high growth, high profit, low risk theatrical releasing business by following successful acquisition and marketing strategies [10] - A reorganization was implemented to focus on the streaming, content management, and AI technology, establishing a separate technology business group [11] - The company plans to expand its film slate to include genres beyond horror, such as family films and fantasy [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding the operating margin target of 45% to 50% going forward [57] - The company is optimistic about the future, with plans to leverage its unique assets and successful film releases to drive growth [10][39] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The company is exploring licensing opportunities for AI training and expects traction in that area later this year [39] Q&A Session Summary Question: Plans for future film releases and licensing opportunities - Management indicated that more films will be announced soon, expanding from horror to family and fantasy genres [55] Question: Profitability and operating margins - Management confirmed a solid operating margin of 55% and expressed confidence in meeting future margin targets [57] Question: Pipeline opportunities for technology products - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [62][66] Question: Podcast monetization strategy - The company is seeing higher CPMs for podcasts compared to CTV, with average deal sizes in the low six figures [71]

Core Insights - Cineverse Corp. reported significant financial growth in Q4 FY 2025, with total revenue of $15.6 million, a 58% increase compared to the prior year quarter, and net income of $0.9 million, a $15.5 million increase over the prior year quarter [1][2][11] - The success of the horror film "Terrifier 3" has been a major driver of revenue growth, contributing to both theatrical and ancillary revenues, and establishing itself as the biggest unrated film release of all time [2][3][16] Financial Performance - Full-year consolidated revenue for FY 2025 reached $78.2 million, up from $49.1 million in FY 2024, marking a 59% increase primarily due to "Terrifier 3" and growth in streaming, digital, and podcast businesses [5][7] - Adjusted EBITDA for FY 2025 increased to $13.9 million from $4.4 million in FY 2024, reflecting strong operational performance [7][29] - The company's direct operating margin for FY 2025 was 50%, consistent with its target range of 45% to 50% [6] Operational Developments - Cineverse has a strong financial position with nearly $14 million in cash and no outstanding debt, alongside a $12.5 million line of credit [4][15] - The company has announced a slate of upcoming film releases, including "The Toxic Avenger" and "Silent Night, Deadly Night," which are expected to generate additional revenue [3][16] - The podcast network has expanded significantly, now comprising over 74 series and achieving over 230 million lifetime downloads [18] Market Strategy - Cineverse's unique marketing approach, particularly for "Terrifier 3," has allowed it to achieve high box office results with minimal marketing expenditure, leveraging digital campaigns and owned channels [3][9] - The company is focusing on becoming an AI-native entertainment studio, with plans to integrate AI into various operational processes [16]

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]