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LOS ANGELES - Cineverse (NASDAQ: CNVS), an entertainment studio with impressive revenue growth of nearly 40% in the last twelve months, today announced the acquisition of U.S. rights for "Return to Silent Hill," a film adaptation of the acclaimed video game Silent Hill 2 by KONAMI. The $43.78 million market cap company, which according to InvestingPro analysis is currently undervalued, made this announcement as the entertainment industry anticipates the Cannes Film Festival.
"Return to Silent Hill" features Jeremy Irvine and Hannah Emily Anderson, with Christophe Gans returning as director and Akira Yamaoka as the composer, both reprising their roles from the franchise’s previous works. The film promises to be a faithful adaptation of the video game, which saw a successful remake by KONAMI in October 2024.
The story follows James, played by Irvine, as he is drawn back to the eerie town of Silent Hill by a mysterious letter from his lost love, Mary, portrayed by Anderson. His search leads him through a town now plagued by sinister forces and reveals dark truths that challenge his sanity and determination to save Mary.
Cineverse Chief Content Officer Yolanda Macias expressed excitement about adding the film to their slate, highlighting the franchise’s billion-dollar success and global box office of $156 million across its first two films. Executive Director of Acquisitions, Brandon Hill, praised the adaptation’s fidelity to the game’s atmosphere.
The film’s production team includes Victor Hadida of Davis Films, Molly Hassell of Hassell Free Productions, and David Wulf, with international rights represented by The Veterans at the Cannes Film Market.
KONAMI’s Silent Hill franchise remains a major player in the horror genre, with the recent remake of Silent Hill 2 achieving significant sales and critical acclaim, including the 2024 Game of the Year award from The Horror Game Awards.
Cineverse’s portfolio continues to grow, with upcoming releases such as "The Toxic Avenger" on August 29, 2025, and "Silent Night Deadly Night" on December 12, 2025, among others. The company maintains a strong liquidity position, with InvestingPro data showing liquid assets exceeding short-term obligations and a healthy current ratio of 1.15.
This acquisition reflects Cineverse’s strategy to cater to passionate audiences by offering a diverse range of content across multiple platforms. With analysts setting price targets significantly above current levels and anticipating continued sales growth, the company’s expansion strategy appears promising. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers this and 1,400+ other US stocks. The information for this article is based on a press release statement and financial data from InvestingPro.
In other recent news, Cineverse reported a 207% increase in total revenue for the third fiscal quarter of 2025, reaching $40.7 million. This growth is attributed to the performance of the Cineverse 360 ad platform, enhancing both direct and programmatic sales. Additionally, Benchmark analyst Daniel L. Kurnos maintained a Speculative Buy rating on Cineverse, with a $10.00 price target, noting that the company’s recent financial results exceeded his expectations. Cineverse also announced the acquisition of U.S. distribution rights for the film "The Things You Kill," a psychological thriller that recently won the Directing Award at Sundance 2025. In a strategic move to bolster its advertising sales division, Cineverse appointed Tim Russell as Senior Vice President and promoted Terry City to Executive Vice President of Direct Advertising Sales. Furthermore, Cineverse integrated SymphonyAI’s Revedia DataOps to enhance its AI capabilities, aiming to unify data from various streaming services for more sophisticated analysis. The company also extended its stock repurchase program, authorizing the buyback of an additional 500,000 shares of its Class A common stock. These developments reflect Cineverse’s ongoing efforts to expand its content offerings and technological capabilities in the entertainment industry.
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