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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]
Authentic Holdings, Inc., Closes $11 Million Acquisition of Goliath Motion Pictures Promotions
Globenewswire· 2025-05-02 13:00
Core Insights - Authentic Holdings, Inc. has completed the acquisition of Goliath Motion Pictures Entertainment, which adds $11 million in tangible assets to its balance sheet [2][4] - The acquisition will enable Authentic Holdings to leverage Goliath's content for Video on Demand opportunities and develop revenue share programs with corporate media distribution companies and independent station owners [2][3] - Goliath's library includes award-winning shows and films, enhancing audience engagement and expanding Maybacks' advertising market footprint [3][6] Financial Impact - The acquisition significantly enhances Authentic Holdings' shareholder equity, which is crucial for potential uplisting to a higher exchange in the future [4] - The purchase was made through issuing Convertible Preferred Stock, which will not have immediate dilutive effects on shareholders, allowing for substantial growth during the hiatus period [5] Strategic Goals - The acquisition allows Authentic Holdings to expand its presence in 61 Designated Market Areas (DMAs) with a goal of reaching 100 DMAs and achieving a $50-100 rate card for 30-second ad spots [2][3] - The integration of Goliath's content library is expected to redefine audience engagement across various platforms, positioning Maybacks for long-term financial growth [6]