Streetbeat News

CNVS

Cineverse Corp.

https://www.cineverse.com

Industry

Entertainment

Cineverse Corp. operates as a streaming technology and entertainment company. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels. It entertains consumers worldwide by providing feature film and television programs, enthusiast streaming channels, and technology services. The company was formerly known as Cinedigm Corp. and changed its name to Cineverse Corp. in May 2023. Cineverse Corp. was incorporated in 2000 and is based in New York, New York.

Open

3.82

Mkt cap

63M

Volume

388K

High

4.02

P/E Ratio

-2.35

52-wk high

4.02

Low

3.73

Div yield

N/A

52-wk low

0.72

In Wednesday's intraday session, several Communication Services stocks experienced significant movements. Notably, Chicken Soup for the Soul (CSSE) surged by 140.2% following its Q4 earnings release three days ago. Other gainers included WiMi Hologram Cloud (WIMI) and Bilibili (BILI), with increases of 43.36% and 11.35%, respectively. On the downside, Cineverse (CNVS) and Direct Digital Holdings (DRCT) saw declines of 14.8% and 13.42%. Travelzoo (TZOO) also dropped by 8.9% after its Q1 earnings announcement.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:31 pm

Cineverse (NASDAQ:CNVS) has partnered with Gracenote, a Nielsen company, to enhance its AI-powered entertainment search platform, cineSearch, with Gracenote's extensive metadata for films and TV shows. This collaboration aims to solve the significant consumer problem of finding what to watch by leveraging Gracenote's datasets for personalized search results and seamless viewing across over 60 streaming services. The cineSearch platform, developed using Google Cloud's Vertex AI Search and Gemini large language models, is set to revolutionize content discovery by offering a unified search engine that supports extensive traits for recommendations. The partnership also facilitates real-time metadata updates for new titles and supports cineSearch's international expansion.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:32 pm

Cineverse has signed a multi-year deal with Konami Cross Media to distribute titles including the 'Yu-Gi-Oh!' franchise, enhancing Cineverse's anime library. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:32 pm

In Monday's after-market session, several Communication Services stocks experienced notable movements. HWH International, Stran & Co, TrueCar, Urban One, and Cineverse were among the gainers, with increases ranging from 4.68% to 11.2%. On the downside, Gamer Pakistan, PLAYSTUDIOS, Sify Technologies, Global Mofy Metaverse, AirNet Technology, and Brera Holdings saw declines between 3.02% and 4.6%. PLAYSTUDIOS' drop was highlighted by the release of their Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:34 pm

In Wednesday's pre-market session, several communication services stocks showed significant movement. Sound Group (SOGP) led the gainers with a 95.5% increase, while Pop Culture Gr (CPOP) experienced the largest decline at 19.3%. Other notable movers include NFT (MI), Onfolio Holdings (ONFO), and Charge Enterprises (CRGE) on the gainers' side, and Arena Group Holdings (AREN), Able View Global (ABLV), and Shutterstock (SSTK) among the losers. Shutterstock's drop was attributed to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:06 pm

Cineverse Corp. (NASDAQ:CNVS) shares dropped 25.5% to $1.75 after launching Cineverse 360, a new ad platform, and reporting Q3 results with revenues of $13.276 million missing the consensus of $13.355 million. The company's shares have lost over 80% in the last year. Cineverse also announced cineSearch, an AI-powered movie search platform, set for a public beta in Spring 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 6:30 pm

Herbalife Ltd. (NYSE:HLF) shares plummeted by approximately 36% due to disappointing quarterly earnings, missing market expectations. The article also highlights significant movements in other stocks during Thursday's mid-day session, including notable gainers like JX Luxventure Limited and losers such as Treasure Global Inc.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 6:20 pm

In Thursday's intraday session, several communication services stocks experienced significant movements. Notably, BuzzFeed (BZFD) surged by 52.8%, while Treasure Global (TGL) plummeted by 44%. Other notable movers include Cheer Holding (CHR), AirNet Technology (ANTE), and Motorsport Games (MSGM) with substantial gains, and Cineverse (CNVS) and Manchester United (MANU) with notable losses. Earnings reports released yesterday influenced some of these movements.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:31 pm

Cineverse (NASDAQ:CNVS) launched Cineverse 360, an omnichannel ad platform reaching over 82 million monthly viewers across 1.2 billion devices. It integrates CTV, FAST, audio, digital, social, and events, targeting enthusiast audiences in genres like anime, family, and horror. Terry City joins as SVP and Head of Cineverse 360. The platform also introduces the Cineverse 360 Audience Network for scalable advertising solutions, including partnerships with third-party publishers and platforms like Philo and Samsung TV Plus. Matchpoint's Blueprint product integrates with Cineverse 360, offering monetization services. Andrew Baritz is brought on to oversee ad operations and strategy. A case study on Bloody Disgusting highlights the platform's success in engaging horror fans, showing an 11% ad revenue increase in 2023.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:03 pm

Cineverse's stock is trading lower following the announcement of their Q3 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:39 pm

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