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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.
−Removed: Over the past several years, Cineverse has transformed itself from being a digital cinema equipment and physical content distributor to a leading independent streaming company, and we continue to push the bounds of our industry with innovative technology offerings.
−Removed: Cineverse is a premier streaming technology and entertainment company with its core business operating as (i) a portfolio of owned and operated streaming channels with enthusiast fan bases;
+Added: In recent years, Cineverse has transformed itself into a leading technology and independent streaming company.
+Added: Cineverse is a premier technology and entertainment company with its core streaming business operating as (i) a portfolio of owned and operated streaming channels with enthusiast fan bases;
(ii) a large-scale global aggregator and full-service distributor of feature films and television programs;
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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 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.
+Added: The Company’s streaming technology platform, known as Matchpoint, 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: Through the integration of Giant Worldwide, Matchpoint has expanded its automated media services ecosystem by adding deep operational expertise in digital delivery fulfillment, Master QC, content localization, and OTT content testing to longstanding studio relationships.
+Added: The Company’s Connected TV (“CTV”) monetization platform, IndiCue, provides proprietary location-based digital advertising technology solutions that offer advertisers a targetable, measurable, and accountable way to utilize CTV media and data solutions at scale.
+Added: The Company also provides solutions for media owners, including an advertising platform for DOOH ("Digital Out-of-Home") networks that enables users to manage advertising inventory, optimize sales, and monetize unsold inventory.
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 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.
+Added: The Company has rights to a library of over 66,000 titles, has reached over 130 million streaming viewers, has over 1.5 million SVOD subscribers, and 25 million followers on social media.
The Company is well positioned in a changing media and entertainment landscape.
As a leading independent distributor, the Company believes the enthusiast segment provides a significant and underserved market opportunity on a global basis.
−Removed: Today, the Company operates channels in numerous specialty sectors, including faith and family, anime, action, horror, sports, Westerns, Asian, standup comedy, and other major segments.
+Added: Today, the Company operates channels in numerous specialty sectors, including faith and family, anime, action, horror, sports, Westerns, Asian, stand-up comedy, and other major segments.
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 with 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 mergers and acquisitions ("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 foreseeable future.
+Added: Given our ability to centralize operations and reduce operating costs with 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:
−Removed: • focuses on acquiring premium content and streaming channels;
• explores opportunities for new technology and other revenue channels including e-commerce, podcasts and merchandise;
−Removed: • leverages its proprietary tech platform (Matchpoint TM ), which allows for on-boarding multiple acquisitions concurrently.
−Removed: The Company believes it is positioned to deliver sustained profitable growth in the future by executing on several key initiatives:
+Added: • leverages its proprietary tech platform Matchpoint TM , which allows for onboarding multiple acquisitions concurrently.
+Added: The Company believes it is positioned to deliver sustained profitable growth in the future by executing on several key areas of focus:
Acquiring and distributing high-quality, curated content through SVOD, AVOD and linear FAST channels.
+Added: Growing viewership and subscription numbers significantly beyond our current base of more than 76 million monthly viewers to potentially hundreds of millions of global viewers across billions of connected devices.
• Technology and Distribution:
−Removed: o Expanding streaming content business through its Matchpoint platform,
+Added: o Expanding streaming content and media services businesses through its Matchpoint platform,
+Added: o Offering targetable, measurable, and accountable CTV solutions through advertising technology.
o Launching and scaling our portfolio of enthusiast streaming channels.
−Removed: 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.
+Added: 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 OEMs, cable companies and technology platforms including LG, Sling TV, and others;
o Licensing film and TV content to leading players in OTT streaming ecosystem with Amazon, Apple, Netflix and Google.
−Removed: 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.
• Financial Performance/Metrics:
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Our common stock is listed on the Nasdaq Capital Market, or Nasdaq, under the symbol “CNVS.”
−Removed: The shift from traditional entertainment consumption to streaming continues to accelerate.
−Removed: We believe that our large library of film and television programs, long-standing relationships with digital platforms, state of the art technologies and years of experience operating and growing streaming audiences (collectively, our “Streaming” business) will allow us to continue to build a diversified portfolio of enthusiasts OTT channels that generate recurring revenue streams from advertising, subscriptions and merchandising.
−Removed: We believe that our success, market leadership and scale will continue to attract strong brands and media companies who bring name recognition, high-quality film and television content, and strong marketing support.
−Removed: We believe that we are well positioned to succeed in the streaming channel business for the following key reasons:
+Added: We believe that our large content library, long-standing relationships with digital platforms, state of the art technologies and years of experience operating and growing streaming audiences will allow us to continue to build a diversified portfolio of services and offerings that generate recurring revenue streams from advertising, subscriptions, merchandising, and services.
+Added: We believe that our success, market leadership and scale will continue to attract strong brands, media companies, and CTV supply partners.
+Added: We believe that we are well positioned to succeed in the streaming, media services and CTV advertising channel business for the following key reasons:
• More than 15 years of experience as a primary distributor of content to scale third-party OTT platforms such as Netflix, Hulu, Amazon Prime, Tubi, Apple iTunes and more, and nearly seven years of history operating OTT channels with millions of downloads, hundreds of thousands of registered users, and hundreds of millions of discrete data points on our customer’s behavior and preferences;
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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.