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Cineverse Reports 1.24 Million Total Subscribers, 438% Screambox Increase

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Cineverse ended the most recent quarter (and its fiscal 2023) with a total of 1.24 million subscribers, an increase of 28% over the prior-year quarter.

Previously known as Cinedigm, the company changed its name earlier this year in a bid to better reflect its greater emphasis on streaming. Along with its flagship Cineverse streaming service, the company also owns a number of other streaming services and related properties.

Today, and as part of its Q4 FY 2023 and FY 2023 earnings report, the company confirmed that it had a total of 1.24 million subscribers, as of March 31, 2023. In addition, streaming revenue in general totaled $32.2 million, up 59% year over year and 230% on a 2-year basis.

Screambox is another of the properties owned by Cineverse and the company today confirmed that the horror streaming service saw a 438% subscriber increase when compared to the end of the same quarter in the year before.

Earlier this year, Cineverse confirmed Screambox had a record-breaking 2022, in part thanks to the success of Terrifier 2. The service had seen so much success in the past year that it was “the fastest-growing horror streaming service,” according to Cineverse.

In terms of watch time, Cineverse confirmed 3 billion total streaming minutes during the last quarter, up 31% over the prior-year quarter and up 73% when compared to the prior sequential quarter.

Similar to many other companies nowadays, Cineverse also offers access to a variety of FAST channels and content. All of which helped its total ad-supported streaming audience, which includes web, mobile, social and connected television, to reach 72.1 million monthly viewers during the quarter.

Unlike many of the other metrics, however, this represented a decrease (17.2%) when compared to the prior-year quarter. The company says this drop was the result of winding down “lower margin and underperforming streaming assets to focus on those with greater profitability.”

John Finn
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John Finn

By John Finn

John Finn is the Founder and Editor of Streaming Better, a platform created in 2019 to help consumers navigate the complicated live TV streaming and subscription service market.

John has been covering technology for various online publications since 2014. After originally covering the wider tech industry as a writer and editor, John now spends his time focusing on the emerging video-streaming market, including live TV streaming, SVOD, AVOD, FAST, and TVOD services.

In a bid to keep up to date on the industry, John actively subscribes to multiple streaming services at the same time. However, John continues to advocate that the best approach for consumers is to rotate between streaming services as needed.

A Psychology graduate from England, who now lives in the US, John previously worked in the aviation industry as an airline reviewer. While reviewing airlines isn't quite the same as reviewing devices and streaming services, John brings the same analytical eye to all of his reviews and industry analysis, along with a special emphasis on what's best for the consumer.

Connect with John
Email: john@streamingbetter.com
X: @J_Finns
Website: JohnFinn.net

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