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Cineverse Technology Group's Flagship Brand Matchpoint™ Announces New Deals for its Proprietary Streaming Supply Chain Platform
Prnewswire· 2025-08-12 16:40
Core Insights - Cineverse has signed several new customers for its automated media supply chain platform, Matchpoint™, which is transforming video content management and delivery [1][6] - Michele Edelman has been appointed as the new EVP, Technology & General Manager of Matchpoint, indicating a strategic move to enhance the platform's capabilities [2] - The new customers include various studios and streaming services utilizing Matchpoint Dispatch and Blueprint for automated content management and app building [3][4] Company Overview - Cineverse is a next-generation entertainment studio that leverages technology to deliver a wide range of content, distributing over 71,000 premium films, series, and podcasts [8] - The company is recognized for its innovative technology solutions, particularly in video streaming and content management, with a strong development team based in India [7] - Cineverse's proprietary tools, including cineSearch and the C360 programmatic audience network, enhance user experience and advertising capabilities [7] Product Details - Matchpoint™ is an award-winning platform that automates the media supply chain, significantly reducing costs and human error while facilitating content ingestion and delivery across multiple platforms [6] - Matchpoint Dispatch helps launch and grow streaming businesses through a fully automated content management system powered by AI tools [3][5] - Matchpoint Blueprint offers scalable app-building capabilities, further enhancing the platform's utility for media companies [3]
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 Announces Commercial Availability of cineSearch for Business - a Revolutionary, AI-Powered Tool that Solves Search & Discovery for Digital Platforms and Streaming Services
Prnewswire· 2025-06-10 13:30
Core Insights - Cineverse has launched cineSearch for Business, an AI-powered content search and discovery tool aimed at improving user experience on streaming platforms and OEMs [1][3] - The tool is now available for commercial licensing through Google Cloud Marketplace and the company's sales team, enhancing its market reach [1][3] - cineSearch addresses significant issues in the streaming ecosystem, including high subscriber churn due to poor content discovery and lengthy search times [6] Product Features - cineSearch utilizes a proprietary dataset called cineCore, which includes extensive film and television metadata optimized for AI search, enhancing the accuracy of content recommendations [3][10] - The tool offers personalized content suggestions based on various factors, including user mood, viewing history, and content traits, rather than relying solely on keywords [4][6] - Key features include improved sorting algorithms, integration of behavioral data, and a customizable chatbot for user interaction [10][11] Market Impact - The introduction of cineSearch is expected to reduce search time by 90%, improve user retention by 16%, and potentially increase revenue by 24% per month for streaming services [6] - The product is designed to be highly customizable, allowing third-party partners to tailor it to their specific needs, thereby transforming user interactions with streaming services [5][7] - Cineverse aims to leverage its technology to provide cost-effective solutions for both emerging and established media companies facing search and discovery challenges [7][12] Company Background - Cineverse has established the Cineverse Technology Group to focus on scaling technology monetization and accelerating AI-driven innovation in the entertainment sector [8][14] - The company has a history of pioneering technology in the video streaming industry, with its Matchpoint platform serving as a critical infrastructure for content management and distribution [9][14] - Cineverse distributes over 71,000 premium films, series, and podcasts, positioning itself as a next-generation entertainment studio [15]
Cineverse Accelerates Technology Monetization, Launches Technology Group to Drive AI Innovation and Rapid Commercial Expansion
Prnewswire· 2025-05-19 16:05
Company Overview - Cineverse has announced the formation of the Cineverse Technology Group to enhance technology monetization and accelerate AI-driven innovation in the entertainment industry [1][2] - The company aims to modernize the global entertainment infrastructure and build next-generation AI-powered tools [1] Leadership Changes - Tony Huidor has been promoted to President of Technology and Chief Product Officer, bringing over 30 years of experience in media technology [2][8] - Huidor has played a significant role in the development and scaling of the Matchpoint platform at Cineverse [9] Technology and Product Development - Matchpoint™, Cineverse's media supply chain platform, automates workflows and streamlines content delivery, providing significant cost efficiencies [3][11] - The Technology Group will focus on expanding Matchpoint's commercial licensing partnerships with large media companies seeking operational cost savings [4][5] AI Innovations - Cineverse is developing AI-driven solutions to optimize decision-making, profitability, and operational efficiency across the entertainment lifecycle [7] - Current AI initiatives include content performance forecasting, automated marketing, advanced content valuation, and real-time ad optimization [8] Business Impact - The company has demonstrated its technology's effectiveness by achieving margin expansion and operational efficiencies, leading to higher profitability and faster content delivery [5][6] - Cineverse's mission is to deliver practical technology solutions that drive revenue growth and profitability for both the company and its partners [10] Industry Position - Cineverse is positioned as a pioneer in the video streaming industry, leveraging its technology to redefine entertainment delivery and management [11][12] - The company distributes over 71,000 premium films, series, and podcasts, connecting fans with independent stories [12]