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and its subsidiaries unless the context otherwise requires) was incorporated in Delaware on March 31, 2000.
−Removed: Since our inception, we have played a significant role in the digital distribution revolution that continues to transform the media and entertainment landscape.
The Company has a long legacy in using technology to transform the entertainment industry and played a pioneering role in transitioning movie screens from traditional analog film prints to digital distribution.
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direct-to-consumer, through these major application platforms, and through third-party distributors of content on platforms.
−Removed: The Company’s streaming technology platform, known as MatchpointTM, is a software-based streaming operating platform which provides clients with AVOD, SVOD, transactional video on demand ("TVOD") and linear capabilities, automates the distribution of content, and features a robust data analytics platform.
+Added: The Company’s streaming technology platform, known as Matchpoint TM , is a software-based streaming operating platform which provides clients with AVOD, SVOD, transactional video on demand ("TVOD") and linear capabilities, automates the distribution of content, and features a robust data analytics platform.
We distribute products for major brands such as Hallmark, ITV, Nelvana, ZDF, Konami, NFL and Highlander, as well as leading international and domestic content creators, movie producers, television producers and other short-form digital content producers.
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As its channel portfolio has grown, the Company’s viewership and subscription metrics have grown significantly.
−Removed: The Company has rights to a library of over 33,000 film & TV assets, has reached over 82 million streaming viewers, has over 1.4 million SVOD subscribers, and 25 million followers on social media.
+Added: The Company has rights to a library of over 71,000 film and TV assets, has reached over 82 million streaming viewers, has over 1.4 million SVOD subscribers, and 25 million followers on social media.
The Company is well positioned in a changing media and entertainment landscape.
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From time to time, the Company will cease operating or distributing channels that do not find adequate audiences or meet the needs of platforms or audiences.
−Removed: We believe our scaled channel portfolio, our superior capabilities in launching and managing channels at scale, and our strategic partnerships with key content owners and platforms will provide us a strategic advantage to gain considerable market share in the immediate future.
−Removed: Given our extensive experience in operating and distributing enthusiast content, and the ability to centralize operations and reduce operating costs due to our proprietary technology, the Company also pursues accretive M&A opportunities in order to grow profitably and fortify its competitive advantage.
+Added: We believe our scaled channel portfolio, our superior capabilities in launching and managing channels at scale, and our strategic partnerships with key content owners and platforms will provide us with a strategic advantage to gain considerable market share in the immediate future.
+Added: Given our extensive experience in operating and distributing enthusiast content, and the ability to centralize operations and reduce operating costs due to our proprietary technology, the Company also pursues accretive mergers and acquisitions ("M&A") opportunities in order to grow profitably and fortify its competitive advantage.
As part of its M&A strategy, the Company:
• focuses on acquiring premium content and streaming channels;
−Removed: • Explores opportunities for new technology and other revenue channels including ecommerce, podcasts and merchandise;
+Added: • explores opportunities for new technology and other revenue channels including e-commerce, podcasts and merchandise;
• leverages its proprietary tech platform (Matchpoint TM ), which allows for on-boarding multiple acquisitions concurrently.
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Acquiring and distributing high-quality, curated content through SVOD, AVOD and linear FAST channels
−Removed: • Technology & Distribution:
+Added: • Technology and Distribution :
o Expanding streaming content business through its Matchpoint platform,
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o Accelerating the Company’s device and platform reach and further establishing key strategic advantages through expanded partnership deals with connected streaming TV companies including Amazon, Samsung, Roku, YouTube TV and Vizio, as well as large OEM’s, cable companies and technology platforms including LG, Sling TV, and others.
−Removed: o Licensing film and TV content to every key player in OTT streaming ecosystem with Amazon, Apple, Netflix and Google.
+Added: o Licensing film and TV content to leading players in OTT streaming ecosystem with Amazon, Apple, Netflix and Google.
Growing viewership and subscription numbers significantly beyond our current base of more than 82 million monthly viewers to potentially hundreds of millions of global viewers across billions of connected devices.
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Our common stock is listed on the Nasdaq Capital Market, or Nasdaq, under the symbol “CNVS.”
−Removed: On April 4, 2022, the Company received a letter from the Nasdaq indicating that the Company no longer met the Bid Price Rule.
−Removed: On June 7, 2023, The Nasdaq Stock Market LLC (“Nasdaq”) approved an additional extension through July 19, 2023, during which the Company may cure the previously-announced minimum bid price deficiency.
−Removed: In order to regain compliance with the Bid Price Rule, in addition to the initiation of the implementation of a stock repurchase program of up to 500 thousand shares in the open market over a 12 month period since announcement in March 2023, the Company has effected a reverse stock split.
−Removed: The Company has maintained its compliance with the $1.00 bid price requirement for continued listing on The Nasdaq Capital Market and remains subject to a one-year “Panel Monitor” as that term is defined by Nasdaq Listing Rule 5815(d)(4)(A) through June 30, 2024.
−Removed: On June 9, 2023, the Company effected a 1-for-20 reverse stock split of the Company's Class A common stock.
−Removed: All shares and price amounts in this report reflect the 1-for-20 reverse stock split.
The shift from traditional entertainment consumption to streaming continues to accelerate.
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• Our flexible releasing strategies, which differ from larger entertainment companies that need to protect their legacy businesses;
−Removed: • Our proprietary streaming technology enabling us to operate at scale and at lower operating costs than our competitors;
+Added: • Our proprietary streaming technology enables us to operate at scale and at lower operating costs than our competitors;
• Our experienced management team.
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The nature of our business does not subject us to environmental laws in any material manner.
−Removed: As of March 31, 2024 we had 179 employees, 176 full-time and 3 part time, on-leave, or temporaries.
+Added: As of March 31, 2025, we had 218 employees, 213 full-time and 5 part time, on-leave, or temporary.
Of these employees, 127 are in operations, 40 are in sales and marketing, and 51 are in executive, finance, technology and administrative functions.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.