Latest news with #CineverseCorp
Yahoo
09-04-2025
- Business
- Yahoo
Cineverse Expands Existing Line of Credit Facility with East West Bank to $15 Million with a Three-Year Term
Additional Capital Ensures Cineverse will be Well-Positioned Moving Forward as it Continues to Invest in Content to Build Off its Recent Box Office Success LOS ANGELES, April 9, 2025 /PRNewswire/ -- Cineverse Corp. (Nasdaq: CNVS) ("Cineverse", "us", "our", "we", and the "Company"), a next-generation entertainment studio, today announced that it has expanded the size of its existing line of credit facility with Pasadena-based East West Bank from $7.5 million to $12.5 million, expandable to $15 million, and extended the term from one-year to three-years at an interest rate of Prime plus 1.25% (8.75% currently with a $0 current balance). "Closing this expanded credit facility with our long-term collaborators at East West Bank allows us to make content and other investments that are critical to our top-line revenue growth," said Chris McGurk, Cineverse Chairman and CEO. "The team at East West Bank, including Managing Director David Acosta, have been great to work with and we greatly appreciate their help and support over these past several years." This further strengthens the Company's balance sheet without equity dilution. It comes following Cineverse's recent reporting of a successful fiscal third quarter. About Cineverse Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that empowers creators and entertains fans with a wide breadth of content through the power of technology. It has developed a new blueprint for delivering entertainment experiences to passionate audiences and results for its partners with unprecedented efficiency, and distributes more than 71,000 premium films, series, and podcasts. Cineverse connects fans with bold, authentic, independent stories. Properties include the highest-grossing non-rated film in U.S. history; dozens of streaming fandom channels; a premier podcast network; top horror destination Bloody Disgusting; and more. Powering visionary storytelling with cutting-edge innovation, Cineverse's proprietary streaming tools and AI technology drive revenue and reach to redefine the next era of entertainment. For more information, visit Contacts: For MediaThe Lippin Group, cineverse@ For InvestorsJulie Milstead, investorrelations@ View original content to download multimedia: SOURCE Cineverse Corp.
Yahoo
07-02-2025
- Business
- Yahoo
Cineverse to Report Third Quarter Fiscal 2025 Financial Results on Thursday, February 13, 2025
LOS ANGELES, Feb. 7, 2025 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a next-generation entertainment studio, today announced it will release its financial results for the third quarter fiscal year 2025 ended December 31, 2024, after market close on Thursday, February 13, 2025. Cineverse will host a conference call discussing these results at 4:30 p.m. ET/1:30 p.m. PT that same day. To participate in the live conference call, please use the following dial-in numbers: United States (Local): +1 404 975 4839 United States (Toll-Free): +1 833 470 1428 Canada (Toll-Free): +1 833 950 0062 Access Code: 698216 The conference call can also be accessed by webcast at the Investors section of the Company's website at Those who are unable to attend the live conference call may access the recording at the webcast link, which will be made available shortly after the conclusion of the call HERE. About Cineverse Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that empowers creators and entertains fans with a wide breadth of content through the power of technology. It has developed a new blueprint for delivering entertainment experiences to passionate audiences and results for its partners with unprecedented efficiency, and distributes more than 71,000 premium films, series, and podcasts. Cineverse connects fans with bold, authentic, independent stories. Properties include the highest-grossing unrated film in U.S. history; dozens of streaming fandom channels; a premier podcast network; top horror destination Bloody Disgusting; and more. Powering visionary storytelling with cutting-edge innovation, Cineverse's proprietary streaming tools and AI technology drive revenue and reach to redefine the next era of entertainment. For more information, visit CONTACTS For Media, The Lippin Group for Cineversecineverse@ For Investors, Julie Milsteadinvestorrelations@ View original content to download multimedia: SOURCE Cineverse Corp.
