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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 Reports Fourth Quarter and Fiscal Year 2025 Results
Prnewswire· 2025-06-27 12:00
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]
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 Announces Start of Production for Holiday Horror Film, Silent Night, Deadly Night
Prnewswire· 2025-04-17 13:00
Company Overview - Cineverse is a next-generation entertainment studio that distributes content across various platforms, including theatrical, digital, and physical formats [6][9] - The company has a significant catalog, distributing over 71,000 premium films, series, and podcasts, and is known for its innovative use of technology in entertainment delivery [9] Film Production - Production has commenced for the holiday horror film "Silent Night, Deadly Night," directed by Mike P. Nelson, with a release date set for December 12, 2025 [1][4] - The film features a cast including Ruby Modine as Pamela and Rohan Campbell as Billy Chapman, along with other notable actors [2] Creative Team - The film's crew includes experienced professionals such as Director of Photography Nick Junkersfeld and Production Designer Oscar Fenogolio, among others [3] - The original producers of the 1984 film are involved in the reboot, ensuring a connection to the franchise's legacy [4][5] Financial Backing and Distribution - Financing for the film is provided by Bondit Media Capital and the Royal Bank of Canada, with distribution outside North America managed by Sixth Dimension, a genre label of StudioCanal [4] Market Position - Cineverse has recently achieved success with "Terrifier 3," which is now the top-grossing unrated film of all time, indicating a strong position in the horror film market [6] - The company aims to connect with passionate audiences through its horror division, Bloody Disgusting, which serves as a leading destination for horror content [7][8]
Cineverse Chooses Iconic Events Releasing as Distribution Partner for the Theatrical Return of Comedy Horror Franchise The Toxic Avenger
Prnewswire· 2025-03-27 18:33
Core Insights - Cineverse has partnered with Iconic Events Releasing for the theatrical distribution of "The Toxic Avenger," set for an unrated wide release on August 29, 2025, following the success of "Terrifier 2" and "Terrifier 3," which grossed over $65 million at the domestic box office [1][2] Group 1: Film Details - "The Toxic Avenger" is a comedic horror film directed by Macon Blair, featuring Peter Dinklage and receiving critical acclaim with a 92% score on Rotten Tomatoes [2][3] - The film is a modern reimagining of the classic franchise, focusing on themes of corporate greed and social injustice, while maintaining the original's irreverent humor and practical effects [2][3] Group 2: Company Background - Cineverse is a next-generation entertainment studio that distributes content across various platforms, including theatrical, digital, and physical formats, and has recently seen success with "Terrifier 3" [4][7] - Bloody Disgusting, the horror division of Cineverse, serves horror fans through various media, including a leading website, podcasts, and a streaming service [5] Group 3: Distribution Partnership - Iconic Events Releasing has been selected as the distribution partner for "The Toxic Avenger," with a focus on honoring the franchise's legacy while appealing to a new generation of fans [2][8] - The partnership aims to deliver a unique cinematic experience, leveraging the success of previous films in the genre [2][8]