Cineverse secures US rights to Sundance winner

LOS ANGELES - Cineverse (NASDAQ: CNVS), an emerging entertainment studio currently valued at $42 million, has announced the acquisition of U.S. distribution rights for the film "The Things You Kill." According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics, with analysts setting price targets between $7 and $10 per share. The psychological thriller, directed by Alireza Khatami, recently won the Directing Award at Sundance 2025 in the World Cinema Dramatic Section. A theatrical release is scheduled for fall, with a digital release to follow.

"The Things You Kill" is a story about a university professor who, grappling with his mother's suspicious death, entangles his gardener in a vengeful plot. As family secrets emerge and the police close in, the protagonist, Ali, must confront his own moral compass. The film features performances by Ekin Koç, Erkan Kolçak Köstendil, Hazar Ergüçlü, and Ercan Kesal.

The acquisition by Cineverse is part of its strategy to deliver a diverse range of content across various platforms. The studio is known for its innovative approach to entertainment, leveraging technology to connect audiences with storytelling. This strategy appears to be working, with revenue growing nearly 40% over the last twelve months to $72.5 million. Cineverse's portfolio includes a wide array of content, from films and series to podcasts, catering to niche markets and fandoms. InvestingPro data shows the company maintains a healthy balance sheet with more cash than debt, supporting its expansion efforts.

Eric Rowe, Executive Director of Programming at Cineverse, praised Khatami's work, likening the film's atmospheric and moral complexity to the likes of David Lynch and Asghar Farhadi. Director Alireza Khatami expressed his enthusiasm for partnering with Cineverse, emphasizing the film's resonance with American audiences and its psychological thriller tradition.

The deal was brokered by Brandon Hill, Executive Director of Acquisitions at Cineverse, and Charles Bin of Best Friend Forever, representing the filmmakers. This acquisition adds to Cineverse's expanding library, which includes titles available on Fandor, a platform offering an eclectic mix of cinematic experiences, and other streaming services.

Cineverse continues to focus on distributing a range of content, from its recent box office hit "Terrifier 3" to upcoming releases like "The Toxic Avenger" and "Wolf Creek: Legacy." This latest acquisition underscores the company's commitment to bringing unique and compelling stories to the U.S. market. With a gross profit margin of 52.5% and strong analyst support, the company shows promising financial metrics. For deeper insights into Cineverse's financial health and growth potential, including 10 additional ProTips and comprehensive valuation analysis, visit InvestingPro.

The announcement is based on a press release statement from Cineverse.

In other recent news, Cineverse Corp. reported a significant 207% increase in total revenue for the third quarter of fiscal year 2025, reaching $40.7 million. This impressive growth is attributed to the success of the Cineverse 360 ad platform and the performance of "Terrifier 3" at the box office. Benchmark analyst Daniel L. Kurnos maintained a Speculative Buy rating with a $10.00 price target for Cineverse, acknowledging the strong earnings and strategic plans for film distribution. The company also announced the extension of its stock buyback program, authorizing the repurchase of an additional 500,000 shares of Class A common stock. Cineverse is enhancing its AI capabilities by integrating SymphonyAI's Revedia DataOps to consolidate data from various streaming services and revenue streams. This partnership is expected to improve AI-driven analysis and decision-making across the company's platforms. Additionally, Cineverse has expanded its advertising sales team with key appointments, including Tim Russell as Senior Vice President and the promotion of Terry City to Executive Vice President of Direct Advertising Sales. These developments highlight Cineverse's ongoing efforts to strengthen its market position and drive revenue growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.