Cineverse Corp. · NASDAQ:CNVS
Cineverse — Q3 2024 Earnings Presentation
40 slides from Cineverse's earnings presentation, Feb 14, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION Cineverse A leading innovator in (Nasdaq: CNVS) entertainment technology since 2000 March 2024
Slide 2: Forward-Looking Statements
FORWARD-LOOKING Investors are cautioned that certain statements contained in this document, as well as some statements in press releases and some oral statements of STATEMENTS Cineverse officials during presentations about Cineverse, along with Cineverse's filings with the Securities and Exchange Commi
Slide 3: Cineverse: Powering the Future of Entertainment
Cineverse: Powering the CINEVERSE AT A GLANCE* Future of Entertainment A streaming technology provider empowering some of the Ticker NASDAQ:CNVS world’s most recognizable brands to launch, grow and future-proof their streaming business in an ever-evolving Headquarters Los Angeles entertainment ecosy
Slide 4: Key Investment Highlights
Key Investment Highlights Matchpoint, our proprietary Organic growth with financial Cost-streaming initiatives – streaming technology upside – focusing on high driven by offshoring and margin revenues decreased content spends Originally developed as in-house 68,000+ titles to more than 150 Cost-cutti
Slide 5: The Opportunity: Today's Viewing Audience
The Opportunity: Today’s Viewing Audience Consumers are watching content at record-high volumes while making the switch to streaming and technology-driven viewing habits at unprecedented rates. 86% $109B 4+ hours Of U.S. households 59% Ad revenue from AVOD and FAST have at least one Of U.S. viewers
Slide 6: Entertainment & Innovation: Cineverse answers both consumer needs
Entertainment & Innovation: Cineverse answers both consumer needs. Two Distinct but Synergistic Business Models – allowing us to exploit assets and leverage deep bench of experience in legacy media while future-proofing the organization with forward-looking innovation and advanced technology strategi
Slide 7: Complementary Business Models: High margin content distribution
Complementary Business Models: High margin content distribution powered by our proprietary technology Platform as a Digital content Consumer Ancillary service (PaaS) OWNED CHANNELS distribution & PODCAST Products Sales TVOD FAST Managed services Advertising Box DVD Retail Ecommerce (rev share) Servi
Slide 8: The Cineverse Business Model: Diversified Revenue Streams
The Cineverse Business Model: Diversified Revenue Streams CineverseTechnologies Revenue Stream Target Customer Operating Margin Business Model Revenue Stream Matchpoint Platform as a Media Companies, Video Service High PaaS Monthly fee on packaged technology offerings Service (PaaS) Providers, Enterpr
Slide 9: The Cineverse Opportunity: Content Market is Expansive
The Cineverse Opportunity: Content Market is Expansive – and FAST Growing Consumers are watching content at record-high volumes while making the switch to streaming and technology-driven viewing habits at unprecedented rates. Market Size 2023 Project Market Growth TOTAL GLOBAL MARKET ~$60B+ U.S. ENT
Slide 10: Ample Headroom on Our Streaming Technology Target Market
Ample Headroom on Our Streaming Technology Target Market S-M media companies are expanding into FAST, while publishers enter the market. FAST Market TM $7.2 BN 13.22% CAGR Global Film Production & Distribution Market TAM $76.7 BN 1. Source: Statista, 2023 2. Source: Statista, 2023
Slide 11: The Cineverse AI Opportunity
The Cineverse AI Opportunity THE AI MARKET $250B $2-2.5T $165B $55B 30K Total AI Market Total AI Market in Generative AI in five Video Gen AI Fortune 500 mentions have next 8 years years segment risen from under 500 in ‘22 to 30,000+ in ‘23 The Cineverse AI Roadmap We are also deploying innovative co
Slide 12: Stream Big: Launch and grow your streaming business
STREAM BIG Launch and grow your streaming business. All-in-one place. Matchpoint’s innovative, complete OTT solution lets you get to market fast – at a price that makes sense.
Slide 13: Problem: the transition to streaming is a heavy tech lift
Problem: the transition to streaming is a heavy tech lift – in a fragmented market. Time consuming, slow and costly to scale Complicated landscape, confusing offerings, shifting revenue models (AVOD, TVOD, SVOD, FAST) Many providers required for a full solution – piecemealing tools is cost prohibitiv
Slide 14: The Only Complete Streaming Solution: Matchpoint
The Only Complete Streaming Solution: Matchpoint Generate twice the revenue for half the price We are providing all the tools necessary to – through leading monetize media assets in today’s streaming monetization capabilities environment. Instantly launch premium Developed and battle tested streamin
Slide 15: 3 powerful products, 1 complete solution
3 powerful products 1 complete solution Highly scalable app building Fully automated, Ai-powered Expansive analytics and across platforms content management crystal clear visualizations
Slide 16: The Underlying Magic: A Network Innovation Approach
The Underlying Magic: A Network Innovation Approach Royalty Statement We slot key technology partnerships into our proprietary next-gen technology Creation to build the most advanced end-to-end streaming solution. Linear Playout SSAI Content Compliance Monetization Music cue Payment Sheet Creation P
Slide 17: Competitive Analysis: Feature x Feature
Competitive Analysis: Feature x Feature
Slide 18: Discover the reel world. cineSearch
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Slide 19: Problem: Search & Discovery (SAND)
A LOT OF WORK Problem: Search & Current search process is time consuming, manual and boring – like using a card Discovery (SAND) catalog to do a research paper. 3 MILLION Titles to choose from across 150+ catalogs in DECISION FATIGUE the US alone–Gracenote/Nielsen There is simply too much to watch –
Slide 20: Introducing cineSearch
Introducing: An AI-powered search and discovery tool designed to make deciding what to watch as entertaining as the movie itself. SINGLE SOURCE SPOT-ON SUGGESTIONS FUN & EASY Unified search for all film titles – Advanced AI recommender system Feels just like chatting with a friend, provides exact loca
Slide 21: Meet Ava: Your Movie Concierge
Meet Ava: Your Movie Concierge Our primary persona, Ava, is the ultimate movie nerd: Part critic. Part drinking buddy. All cinephile. Ava was designed to speak to our target Ideal Customer Profile – Millennial “early AI adopters”1 who make up the most passionate long-form content audience.2 She navig
Slide 22: Technology Roadmap
Technology Roadmap Building on our strong product. Gaining traction. Developing advanced, proprietary native AI. APRIL 2024 Matchpoint Design and Cineverse Acquires FoundationTV, Matchpoint-Mediagenix Launching Cinesearch: our Ai-powered development w/India-Based forms Cineverse India – Jun 2021 par
Slide 23: Cineverse is Matchpoint in Action
Cineverse is Matchpoint in Action. Built by Content Owners. Trusted by Content Owners. We’re on a mission to uplift storytellers and entertain fans with the power of technology. Network of highly engaged super-served fan channels The Expansive Distribution Capabilities Unique 360 Omnichannel Advanta
Slide 24: Cineverse's diverse network of Fan channels
Cineverse’s diverse network of Fan channels enables reach across highly engaged audiences of all genres.
Slide 25: Cineverse Owned & Operated Channels Have Achieved Scale
Cineverse Owned & Operated Channels Have Achieved Scale Our diverse portfolio of Fan channels continues to grow – with considerable momentum across key metrics. A low-cost content acquisition strategy drives higher margins across business models (SVOD, TVOD, AVOD, FAST). ~82M 1.4M 4B ~25M Total Stre
Slide 26: Cineverse Channels on most major platforms
You can find Cineverse Channels on most major platforms.
Slide 27: Super-Serving Fan Audiences in the Longtail
Super-Serving Fan Audiences in the Longtail DISTRIBUTION CONSUMER GOODS Exploit premium content Engage fast-growing assets through all “windows” – collectibles market with theatrical, digital, and home limited edition DVD/Blu Ray entertainment. sets and merchandise.
Slide 28: Revenue Mix
Revenue Mix As the industry continues to evolve, our advanced, proprietary technology will grow as a larger driver of our business, while our focus on higher margin channels will yield greater streaming revenue. ENTERTAINMENT TECHNOLOGIES Digital Cinema/Other
Slide 29: Who we are today - a global team
Who we are today - a global team Cineverse Services India: Offshore division brings major cost-savings and work-efficiency upside – fully owned by the Company. Robust R & D team based in India – developing advanced, AI powered technology. Evolution into revenue-generating services from our India tea
Slide 30: Living our Values: Team Reflects Diversity of Voice
Living our Values: The Cineverse Team Reflects Diversity of Voice As fierce champions of storytellers and fans, we believe that trusting and empowering creators to tell their unique story is good for business – keeping fans engaged with access to entertainment they can’t find anywhere else. “ Our commi
Slide 31: Industry Leaders with a History of Innovation
Industry Leaders with a History of Innovation Leadership changes support new goals – agile and operating like a tech company Tony Huidor Gary Loffredo Erick Opeka 25+ Years of Experience 20 Years of Experience 25+ Years of Experience Chris McGurk Chief Operating Officer & Chief Legal Officer & Chief
Slide 32: Key Takeaways
Key Takeaways Our battle-tested proprietary streaming technology, which currently powers all of our streaming content, is poised to drive an increasing portion of our revenue mix – newly launched as a whitelabel PaaS product and strategically partnered with streaming technology Unicorn, Amagi. Lever
Slide 33: Financial Results
Financial Results YTD Q3 FY 2024 (9 months ended December 31, 2023)
Slide 34: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (In thousands)
Slide 35: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (In thousands)
Slide 36: Condensed Consolidated Statement of Cash Flows
Condensed Consolidated Statement of Cash Flows (In thousands)
Slide 37: Contact
CONTACT investorrelations@cineverse.com cineverse.com
Slide 38: Appendix
APPENDIX
Slide 39: Matchpoint Managed Services Case Study: MeatEater
Matchpoint Managed Services Case Study: MeatEater Leading authority on hunting and fishing. Founded by NY Times bestselling author, Steve Rinella. The Challenge: Coming off successful Netflix run, had more than 200 hours of original content – but couldn’t monetize the assets or scale. Lacked the infras
Slide 40: Cineverse Networks Fan Channel Case Study: Screambox
Cineverse Networks Fan Channel Case Study: Media & Editorial The #1 Horror Destination in the Internet – serving nearly 40 million Social & pages to 20 million unique viewers every month. Publicity How Cineverse Expanded the Brand: Launched Screambox and ScreamboxTV – 20M+ Monthly Unique Viewers Phy