Cineverse secures extended Yu-Gi-Oh! distribution rights By


LOS ANGELES – Cineverse Corp (NASDAQ: CNVS), a prominent player in streaming technology and entertainment, has solidified its position in the anime streaming market by extending its partnership with Konami Cross Media NY, Inc. (KCMNY).

The deal ensures continued distribution of the widely recognized anime series Yu-Gi-Oh!, which will contribute nearly 400 hours of content to various platforms and channel partners.

The extended partnership includes the distribution of the latest series, “Yu-Gi-Oh! SEVENS,” and the 2016 movie “Yu-Gi-Oh! The Dark Side of Dimensions.” Notably, Cineverse also operates a dedicated “Yu-Gi-Oh!” linear streaming channel, which is currently available on Pluto TV and is slated for expansion in 2024.

Mark Kirk, SVP of Distribution at KCMNY, highlighted the enduring appeal of the Yu-Gi-Oh! brand, now celebrating its 25th anniversary, and its sustained popularity across generations. He emphasized the importance of streaming partners like Cineverse in maintaining and expanding the brand’s fan base.

Cineverse’s RetroCrush, a leading independent anime channel, is set to receive new titles from KCMNY. Since its inception as a YouTube social video channel in 2019, RetroCrush has approached one million subscribers and garnered over 2.2 million followers across social platforms as of December 2023.

The channel has experienced a significant engagement rate increase, averaging 11.9% across Twitter, Facebook (NASDAQ:), and Instagram, with content views exceeding 60 million in the past year. Positive sentiment trends for RetroCrush have been strong, with an 83% positivity rate in recent months.

Yolanda Macias, Chief Content Officer at Cineverse, expressed the company’s dedication to delivering exceptional anime experiences and its enthusiasm for the renewed partnership with Konami Cross Media NY.

Cineverse’s advanced technology facilitates the distribution of over 70,000 premium films, series, and podcasts to more than 150 million unique viewers monthly. The company’s network of fan channels and streaming solutions for well-known brands positions it as a driving force in the future of entertainment.

Konami Cross Media NY, part of the KONAMI Group, specializes in brand management and production, managing rights to globally iconic IPs including Yu-Gi-Oh!, BOMBERMAN, CONTRA, and Frogger.

Yu-Gi-Oh! continues to be a global phenomenon, with 25 years of the trading card game, more than 1,000 anime episodes, and over 25 billion units of the trading card game sold. The franchise’s future looks bright with plans for new content, games, and merchandise.

This article is based on a press release statement.

InvestingPro Insights

As Cineverse Corp (NASDAQ: CNVS) cements its partnership with Konami Cross Media NY to enhance its anime streaming offerings, investors are keeping a keen eye on the company’s financial health and market performance. According to InvestingPro’s real-time data, Cineverse has a market capitalization of $18.39 million , which is indicative of a smaller company in the streaming technology and entertainment sector. Despite the challenges, Cineverse has managed to maintain a gross profit margin of 54.45% over the last twelve months as of Q3 2024, showcasing its ability to generate revenue efficiently relative to its cost of sales.

InvestingPro Tips suggest that Cineverse is trading at a low Price / Book multiple of 0.45, suggesting that the market may be undervaluing the company’s net assets. This could be an attractive point for value investors looking for potential opportunities. Additionally, the company has experienced a significant return over the last week, with a 9.52% price total return, reflecting a positive short-term market sentiment.

However, it’s important to note that analysts anticipate a sales decline in the current year, which could impact future profitability and investor confidence. With a total of 15 additional InvestingPro Tips available, including insights into cash burn rates and volatility, investors can explore a deeper analysis to make more informed decisions. To access these insights, visit and use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

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