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Cineverse Corp. (originally Access IT Digital Media, Inc., and later, Cinedigm) is an American entertainment company headquartered in Los Angeles, California. Cineverse’s businesses encompass digital cinema, streaming channels, content marketing, and distribution.[1][2]

Key Information

History

[edit]

Early years

[edit]

The company was founded in 2000, under the name Access IT Digital Media, Inc., through a group led by Bud Mayo. Mayo served as director until his retirement in 2010, and subsequently founded Digital Cinema Destinations Corp. In September 2013, the company changed its name to Cinedigm Corp.[3] In January 2011, Chris McGurk became the new chairman and CEO.[4]

In July 2011, the company sold its physical and electronic distribution business to Technicolor.[5] The following month, Screenvision acquired UniqueScreen Media, Inc. (USM), the cinema advertising division of Cinedigm Digital Cinema Corp. The companies entered into a long-term agreement, with Cinedigm providing distribution and promotion for Screenvision.[6]

In April 2012, the company acquired distributor New Video.[7]

In October 2013, the company acquired Gaiam Vivendi Entertainment.[8]

In May 2014, Cinedigm established Docurama, an OTT documentary channel,[9][10][11][12][13][14] focused on documentaries and film festival coverage.[15][16] Later that year, Jeffrey Edell would join as CFO,[17] and the company began trading on the NASDAQ under the ticker symbol.[18]

Expansion into Video on Demand

[edit]

In February 2015, Cinedigm and Wizard World launched CONtv.[19][20] In June of that year, Cinedigm would acquire a minority stake in Shout! Factory.[21] Finally, in September, Cinedigm partnered with The Dove Foundation to create The Dove Channel, an online streaming service focusing on faith-based programming.[22]

In December 2017, control of Cinedigm was given to Bison Capital of Hong Kong to start one of the first China-U.S Studios.[23]

On February 5, 2019, Cinedigm acquired streaming service Viewster and its Viewster Anime subsidiary.[24] Viewster would eventually merge with CONtv and rebrand as CONtv Anime on June 13, 2020.[25][26][27]

In April of that year, Cinedigm licensed content from Chinese firms CCTV, China Lion, Starrise Media and Youku, in order to launch an entertainment and film service called Bambu; the service would launch on October 22, 2019.[28][29][30][31]

In 2020, Cinedigm acquired The Film Detective.[32]

In February 2021, Cinedigm acquired the horror-genre streaming service, Screambox.[33] Later that year, on September 21, 2021, Cinedigm acquired Bloody Disgusting. As part of the acquisition, Screambox would be relaunched under the curation and management of Bloody Disgusting.[34]

In August 2021, Cinedigm announced a partnership with Robert Rodriguez to relaunch the former cable and satellite-based El Rey Network as a streaming channel.[35][36][37]

In December 2021, Cinedigm signed a deal with SideStream, a live video streaming service.[38]

In March 2022, Cinedigm acquired streaming, advertising and distribution company, Digital Media Rights; including the ad-supported streaming services Cinehouse (originally known as YuYu), AsianCrush, RetroCrush, Midnight Pulp, Cocoro (now discontinued), and KMTV.[39]

Cineverse launch and rebranding

[edit]

On September 15, 2022, Cinedigm launched Cineverse, marketed as the company's flagship streaming service, featuring programming from across its AVOD (ad-supported video on demand) and FAST (free, ad-supported, television) brands.[40]

In May 2023, the company rebranded to Cineverse Corp. and began trading on NASDAQ under CNVS. The company stated that it was an "important step forward" in its "evolution into a streaming content and technology company".[41]

In June 2023, Cineverse announced that it would signed a content deal with Sid and Marty Krofft Pictures, allowing it to acquire the worldwide digital distribution rights to its library of shows, with the exceptions of The Brady Bunch Hour (owned by Paramount Television, now part of CBS Media Ventures), D.C. Follies (owned by Amazon MGM Studios) and Mutt & Stuff (owned by Paramount Media Networks under the Nick Jr. brand) and they would launch a VOD channel, called the Sid and Marty Krofft Channel on February 5, 2024.[42]

In August of 2025, Cineverse and Lloyd Braun's Banyan Ventures formed a JV to Launch MicroCo, a New Studio and Platform for Microseries.[43]

On September 10, 2025, Cineverse announced the lunch of new channel HISTORIAN, a new free ad-supported streaming television (FAST) channel from American Public Television as a partnership with LG Channels.[44]

List of Films

[edit]

Starting in October 2024, Cineverse began distributing films theatrically.

Release date Title
October 11, 2024 Terrifier 3
August 29, 2025 The Toxic Avenger
October 31, 2025 Lesbian Space Princess[45]
November 14, 2025 The Things You Kill[46]
December 12, 2025 Silent Night, Deadly Night
January 23, 2026 Return to Silent Hill
Planned for Summer 2026 Air Bud Returns
Planned for Fall 2026 Wolf Creek: Legacy

Television and streaming

[edit]

Cineverse owns or programs the following brands for either its namesake streaming service, or standalone services and apps, as of 2023.[47]

References

[edit]
[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

Cineverse

View on Grokipedia
from Grokipedia
Cineverse Corp. (: CNVS) is an American entertainment and streaming company headquartered at 224 W. 35th Street, Suite 500 #947, New York, NY 10001. Founded in 2000 and formerly known as Cinedigm, the company rebranded to Cineverse in May 2023 to emphasize its evolution into a streaming-focused business. It operates as a next-generation entertainment studio that leverages technology to uplift storytellers and engage fans through full-lifecycle content distribution across theatrical, digital, and physical platforms. Cineverse maintains one of the world's largest portfolios of owned and operated streaming channels, distributing over 71,000 premium films, series, and podcasts to more than 150 million unique monthly users, who consume over 1 billion minutes of curated content each month. Its streaming network includes specialized channels such as Screambox for horror and thriller content, RetroCrush for classic anime, and Fandor for independent cinema. The company also runs a top-10 podcast network reaching over 10 million listeners with shows like Murder in America, and offers advanced advertising solutions through its c360 platform, which enables targeted campaigns across its fan channels. In addition to content distribution, Cineverse develops proprietary technology tools, including Matchpoint, an AI-driven platform for streaming operations and audience matching, and cineSearch, an AI-powered content discovery engine. Notable achievements include its role in distributing (2024), which became the highest-grossing unrated in history. Under CEO Christopher J. McGurk, who has led the company since , Cineverse continues to expand its global reach in the connected TV (CTV) and advertising (AVOD) markets.

History

Founding and digital cinema era

Cineverse Corp., originally incorporated as Access Integrated Technologies, Inc. (AIT) on March 31, 2000, was founded by a group led by A. Dale "Bud" Mayo, a digital cinema entrepreneur and former executive at Clearview Cinemas. The company initially focused on developing and deploying digital cinema solutions to address the film industry's transition from analog film prints to digital projection technology, providing software, servers, and integration services for theaters. Mayo served as chairman and CEO, guiding AIT's early efforts in creating non-proprietary digital cinema software that enabled secure content delivery and playback without reliance on studio-specific systems. AIT played a pivotal role in accelerating the adoption of digital projectors in theaters through its innovative virtual print fee (VPF) model, which allowed exhibitors to finance equipment costs by sharing digital delivery fees with studios, reducing the expense of physical film prints. This model facilitated partnerships with major studios, including (via Buena Vista) and Entertainment, who agreed to pay VPFs for each digital title exhibited on AIT-financed systems, thereby subsidizing installations across thousands of screens. By 2005, AIT had launched Phase 1 of its deployment program, installing 3,724 digital cinema systems nationwide by December 2007, in collaboration with exhibitors and compliant with (DCI) standards. The company went public on November 10, 2003, through an of 2.5 million shares at $5 each, raising approximately $12.5 million, funding further expansion. In October 2008, AIT initiated Phase 2 of its deployment initiative, targeting up to 10,000 additional screens with turnkey digital systems, securing agreements with eight major studios and independent distributors. By , 2010, Phase 2 had resulted in 336 installations, contributing to a total of over 4,000 deployed systems across , establishing AIT as a leading provider of non-proprietary infrastructure. On October 5, 2009, following stockholder approval, the company rebranded as Cinedigm Digital Cinema Corp. to better reflect its focus on services, with its ticker changing from AIXD to CIDM. This era solidified Cinedigm's position in the industry, though it faced initial financial challenges from substantial incurred through equipment financing arrangements, including $243.2 million in notes payable and a $153.7 million balance under a GE Credit Facility as of , 2010, alongside net losses of $29.5 million for fiscal year 2010. These obligations stemmed from non-recourse financing vehicles used to fund system deployments, prompting a $75 million refinancing from Sageview Capital in August 2009 to improve liquidity.

Shift to digital distribution and VOD

In 2010, Cinedigm underwent a significant leadership transition when co-founder and CEO Bud Mayo retired on June 22, marking the end of an era focused on digital cinema infrastructure deployment. Mayo's departure paved the way for new executives, including Chris McGurk, who assumed the role of Chairman and CEO in January 2011, steering the company toward expanded digital content distribution beyond theatrical hardware. Under McGurk's guidance, Cinedigm began emphasizing video-on-demand (VOD) and electronic delivery systems to capitalize on the growing home entertainment market. A pivotal move in this evolution came with the acquisition of New Video Group in April for $14 million upfront, plus potential earn-outs up to $6 million, which was completed later in . This purchase expanded Cinedigm's capabilities in VOD and digital sales, particularly for independent films and documentaries, allowing the company to aggregate and distribute niche content across multiple platforms. New Video's established library and relationships enabled Cinedigm to secure deals for titles like Sundance selections and specialty programming, bridging theatrical releases with home viewing options. Complementing these efforts, Cinedigm developed its Digital Cinema Network as a robust infrastructure for content delivery, initially built for theatrical distribution but extended to support home entertainment in the early . The network facilitated efficient electronic transmission of films to theaters while adapting to VOD demands, reducing reliance on and enabling faster market entry for digital releases. This shift built on the company's early roots in equipment provisioning but pivoted toward content-centric services. Financially, Cinedigm pursued in 2013 to alleviate debt pressures from its hardware phase and fund the digital pivot, including a $70 million Prospect Loan in February and a new credit agreement with in October that refinanced existing obligations. These measures, alongside the $51.5 million acquisition of (GVE) in October 2013, reduced legacy equipment-related debt and accelerated the move away from sales of cinema hardware toward revenue from content licensing and distribution. By the mid-2010s, Cinedigm solidified key partnerships for broader reach, including distribution agreements with and , which enabled VOD access to its indie and catalog. These alliances supported the launch of targeted VOD services tailored to niche genres, such as and specialty content, enhancing monetization through platform-specific deals and early streaming experiments.

Rebranding and streaming focus

In the early 2020s, the severely disrupted Cineverse's (then Cinedigm's) theatrical distribution operations, with mandatory theater shutdowns halting new content releases and altering the industry's pipeline for major motion pictures. This crisis accelerated the company's longstanding shift toward digital platforms, building on prior expansions into video-on-demand (VOD) services during the . On May 22, 2023, Cinedigm announced its to Cineverse, effective immediately, to reflect its evolution into a dedicated streaming entity. The included a change in the 's stock ticker from CIDM to CNVS, beginning trading under the new symbol on May 23, 2023. The strategic rationale centered on repositioning Cineverse as a "global streaming technology and entertainment ," moving away from the declining relevance of cinema hardware and distribution amid the rise of digital consumption. Under the leadership of CEO and Chairman Chris McGurk, who assumed the role in , the rebranding underscored a deliberate pivot toward owned streaming channels as the core of the business model. McGurk emphasized the need to capitalize on streaming's growth potential, stating that the change marked a "pure-play business in the exciting and dynamic streaming content and technology space." Following the rebrand, Cineverse experienced rapid expansion in its (FAST) channels, with viewing minutes surging 73% year-over-year to 2.26 billion in the second quarter of fiscal 2024. By 2024, the company's portfolio reached more than 150 million unique monthly viewers, highlighting the success of its streaming-focused strategy.

Operations

Streaming platforms and channels

Cineverse operates a diverse portfolio of over 20 free ad-supported streaming television (FAST) and subscription-based channels, catering to niche audiences through specialized content curation. Key offerings include Screambox, a horror-focused service featuring films, series, and documentaries in the genre; RetroCrush, dedicated to classic and modern anime; Fandor, emphasizing independent and arthouse cinema; and The Bob Ross Channel, centered on the painter's instructional videos and related lifestyle programming. This array of channels spans genres from horror and anime to indie films and pop culture icons, enabling targeted engagement with dedicated fan communities. The company's streaming services reach over 200 million unique monthly viewers, delivering more than one billion minutes of curated content each month as of mid-2025. These platforms are distributed across major connected TV ecosystems, including , , and , ensuring broad accessibility for viewers. Monetization combines ad-supported viewing for FAST channels with premium subscription options, such as Screambox's SVOD tier at $6.99 per month or $59.99 annually (equivalent to approximately $4.99 per month). This hybrid AVOD/SVOD model supports free access to ad-financed content while offering ad-free experiences and exclusive titles for subscribers. Cineverse's genre-specific strategies prioritize building loyal fandoms by curating content around niche interests, such as horror enthusiasts via Screambox's original productions and acquisitions, fans through RetroCrush's exclusive licensing deals, and indie cinema lovers with Fandor's spotlight on favorites and classics. This approach fosters community-driven viewership rather than broad-appeal programming.

Content acquisition and distribution

Cineverse manages a comprehensive full-lifecycle distribution model for its content library, encompassing theatrical releases, video-on-demand (VOD), (EST), and formats such as DVD and Blu-ray. This approach allows the company to maximize revenue across multiple release windows, from initial cinema runs to long-tail digital and home entertainment options. For instance, recent theatrical successes have been extended into digital platforms and physical distribution to sustain audience engagement and profitability. The company's acquisition strategy emphasizes independent films, genre-specific titles like horror, and international content to build a diverse portfolio. In 2025, Cineverse expanded its motion pictures group by hiring industry veterans to accelerate acquisitions, focusing on indie and projects that align with its streaming channels. A notable example is the November 2025 acquisition of exclusive North American rights to Guillermo del Toro's , including plans for a premium-format theatrical re-release in 2026 to mark the film's 20th anniversary, alongside VOD and distribution. This deal underscores Cineverse's interest in high-profile international classics with enduring appeal. Cineverse owns and operates a top-10 network featuring over 70 audio series, with expansions into through partnerships like the 2025 launch of the WITZ Podcast Network in collaboration with Group. These podcasts are distributed across major platforms including and , as well as Cineverse's in-house apps, enabling broad accessibility and ad-supported monetization. The network leverages owned brands such as to produce and distribute genre-focused content, integrating it seamlessly with the company's video offerings. To achieve global reach, Cineverse pursues international licensing partnerships and territorial rights deals, particularly for genre content from emerging markets. In 2022, under its former Cinedigm branding, the company acquired North American rights to the Latin American horror film History of the Occult, distributing it via its Screambox platform and highlighting its strategy for regional horror acquisitions. More recent multi-territory agreements, such as the 2025 deal for the Highlander franchise covering nine titles across streaming services, further extend its international footprint through licensed content sales and co-distribution pacts. Revenue from content acquisition and distribution primarily derives from licensing fees, sales of territorial rights, and co-production arrangements with studios and partners. For example, licensing deals like the channel generated $1.6 million in Q2 FY 2025, while perpetual ownership of North American rights ensures ongoing profits from VOD, EST, and physical sales. These streams are bolstered by development pacts that facilitate shared production costs and expanded distribution rights. Streaming channels serve as key outlets for this licensed content, driving ad-supported and subscription-based earnings.

Technology and ancillary services

Cineverse's flagship technology platform, Matchpoint, serves as an automated media solution for and monetization, enabling efficient delivery across more than 125 streaming and distribution platforms. By leveraging AI and , Matchpoint streamlines the digital media , reducing delivery times, costs, and errors while supporting for studios and broadcasters. The platform's 3.0 version, released in October 2025, introduces enhanced features such as advanced analytics and faster processing to handle complex content pipelines. A key AI innovation from Cineverse is cineSearch, an AI-powered recommendation and search tool launched commercially in June 2025, which integrates metadata from films, television series, and podcasts to facilitate personalized content discovery for users. Designed for streaming platforms and OEMs, cineSearch employs conversational AI to analyze user queries and surface relevant titles, addressing common challenges in content navigation across fragmented services. In September 2025, Cineverse integrated Fabric Data's Origin platform into cineSearch, enhancing its capabilities with global title availability data, performance metrics, and improved handling of assets to better connect audience preferences with accessible content. Cineverse's advertising solutions are anchored by the c360 programmatic network, which provides targeted ad placements, dynamic insertion, and performance analytics tailored to streaming environments. Launched in February 2024, c360 connects brands with engaged audiences through contextual targeting based on demographics, , and interests, processing over 20 billion connected TV ad requests monthly as of late 2024. The platform supports campaigns, including premium video placements and optimizations for media spend efficiency. Ancillary services include the Cineverse Podcast Network, a production and distribution arm that develops immersive audio content such as scripted dramas, series, and film discussions, achieving over 15 million monthly downloads as of late 2024. This network offers tools for creation and , including integrations that extend reach across digital platforms. Additionally, Cineverse provides media for theatrical distribution, supporting content release strategies from cinema to digital windows.

References

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