prnewswire | August 11, 2023
Cineverse Corp, a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content library, today announced that it has reached a FAST focused content deal with The Preview Channel™, a linear entertainment AVOD channel that programs the latest, trending motion picture, television and streaming previews and the best in behind-the-scenes entertainment and interviews featuring the most popular stars, biggest franchises, hit movies and shows.
The Preview Channel™ has carved out a popular niche with short-form, mostly Hollywood studio produced content that is updated and refreshed daily. "William Sager, CEO of TPC said "We couldn't be more delighted to have partnered with Cineverse. The Preview Channel™ is developing a devoted and loyal fan base and is performing exceptionally well in a very crowded OTT marketplace."
Cineverse had initially been operating The Preview Channel's advertising business and recently expanded its pact to include full channel distribution so the popular service could scale rapidly.
"We have seen extraordinary and immediate results from their advertising inventory and thought it made complete sense to expand our relationship immediately," said Russell Sneider, Senior VP of Brand Partnerships at Cineverse.
The deal includes utilizing Cineverse's proprietary Matchpoint™ technology and advertising tools to manage and cost-effectively deliver advertising to the channel.
Cineverse is a global streaming technology and entertainment company with one of the world's largest portfolios of owned and operated streaming channels, all powered by its advanced, proprietary technology platform. Cineverse currently features enthusiast brands for subscription video on demand (SVOD), transactional video on demand (TVOD), advertising-based video on demand (AVOD) and free, ad-supported streaming television (FAST) channels. Cineverse entertains consumers around the globe by providing premium feature film and television series, enthusiast streaming channels and technology services to some of the world's largest media, retail and technology companies.
PR Newswire | August 25, 2023
Corus Entertainment Inc. ("Corus" or the "Company") (TSX: CJR.B) today announced the completion of its sale of Toon Boom Animation Inc. ("Toon Boom"), an Emmy® award-winning Montreal-based animation software company, to Integrated Media Company ("IMC"), a TPG platform dedicated to the new media ecosystem.
"The closing of this transaction is a purposeful step towards streamlining our operating model and rationalizing our asset base as we work to build a powerful multiplatform business aggregating premium video content," said Doug Murphy, President and CEO, Corus Entertainment. "The sale of the animation software business will provide additional financial flexibility, with net proceeds allocated towards the repayment of bank debt. We remain focused on advancing our strategic plan and its priorities to strengthen our value proposition in the evolving media landscape."
"We're so pleased to welcome Toon Boom into our family, another market leader in its respective domain. Both its product and performance are robust, reflecting the strength of Toon Boom's employees, the oversight of its prior owners, and providing a solid foundation to a new IMC vertical. As with all our investments, this is just the beginning - we look forward to partnering with management in building something strategic, unique, and valuable," said Ori Winitzer, Partner at IMC.
"Animation is a dynamic medium for storytelling and visualization that has continued to grow in popularity and importance. Toon Boom's innovative tools and powerful ecosystem have revolutionized the way artists and students bring their creative visions to life. Our investment in Toon Boom marks the beginning of our strategy to build a broader platform focused on content creation and production workflow tools that empower creators and educators," said IMC's Yuning Zhang.
Corus intends to use the net proceeds of approximately $142 million CAD generated by this transaction to repay outstanding bank indebtedness.
About Corus Entertainment Inc.
Corus Entertainment Inc. is a leading media and content company that develops and delivers high quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company's portfolio of multimedia offerings encompass 33 specialty television services, 39 radio stations, 15 conventional television stations, digital and streaming platforms, and technology and media services. Corus is an internationally-renowned content creator and distributor through Nelvana, a world class animation studio expert in all formats and Corus Studios, a globally recognized producer of hit scripted and unscripted content. The company also owns full-service social digital agency so.da, lifestyle entertainment company Kin Canada, and children's book publishing house, Kids Can Press. Corus' roster of premium brands includes Global Television, W Network, HGTV Canada, Food Network Canada, Magnolia Network Canada, The HISTORY® Channel, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, Global News, Globalnews.ca, Q107, Country 105, and CFOX, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. Corus is the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the leading free ad-supported streaming television (FAST) service.
About Toon Boom Animation Inc.
Toon Boom Animation Inc.'s award-winning software is the global standard for animation, storyboarding and pipeline management. Storyboard Pro and Harmony solutions provide everyone from enthusiasts to professionals with the artistic freedom to create in any style and efficiently publish anywhere, while Producer provides real-time management for animated projects. Customers who chose Toon Boom animation software for the development and creation of their productions include Disney Television Animation, Amazon, Fox Television Animation, Nelvana, Toei Animation, The SPA Studios, Xilam and Boulder Media, to name a few. The technology is currently available in English, Spanish, Japanese and Simplified Chinese. For more information, visit: toonboom.com.
About Integrated Media Company
Integrated Media Company, LLC is a TPG portfolio company thematically investing across the digital media landscape. Launched in 2018, IMC's mandate is both financial and strategic, providing greater flexibility with regards to investment size, growth initiatives, portfolio construction, and term. IMC's investments are oriented in verticals, allowing for additional acquisitions and organic investment in pursuit of value creation.
Business Wire | August 24, 2023
Loop Media, Inc. ("Loop Media"), the free streaming television media company for business which provides over 2 billion video views every month via restaurants, retail businesses, office buildings, doctors’ offices, airports, bars and college campuses, announced today it has added Def Jam’s 50th Anniversary Channel, the Pink Channel, the Chill Channel, Young Hollywood and Waypoint TV’s Hunt and Fish Channels to its multi-genre premium content offering on Loop TV.
“We are in constant communication with our business customers and spend a lot of time carefully listening to what they’re looking for from our content when it comes to maximizing both customer satisfaction and time spent in-venue,” said Justis Kao, Loop Media’s Chief Content Officer. “Our latest offerings continue to reflect our commitment to providing only the best short form entertainment we can offer to our venue partners,” he added.
• Def Jam’s 50th Anniversary Channel carries legendary music videos from the iconic-label, Def Jam.
• Pink Channel carries music videos from the “Barbie” movie and videos full of pink energy.
• Chill Channel carries downtempo, easy listening, lounge, pop, R&B and electronic music videos.
• Waypoint TV Hunt is where preparation meets perseverance as the viewer steps into a world where every aspect of the hunting journey comes to life in vivid detail. Experience the challenges, triumphs, and unparalleled connection to the great outdoors from the adrenaline of a hunt to the serenity of the natural world, all at the same time.
• Waypoint TV Fish dives into the mesmerizing realm of the best fishing content, where viewers will experience limitless angling expeditions, insights from expert guides, the raw emotions from success and failure, and the connection to the awe-inspiring beauty of the open waters from Waypoint TV, the ultimate gateway to epic fishing adventures across diverse fisheries and uncharted waters.
• Young Hollywood is your destination for one-of-a-kind celebrity, influencer and lifestyle content. Music, TV, Fashion, Gaming, Sports and Food lovers: they’ve got you covered! Be the first in-the-know on the big thing, and who or what everyone will be buzzing about tomorrow. Young Hollywood is the premiere destination to find out what’s in, who’s hot, and what’s now!
“Young Hollywood continues to look for quality distribution for our premium content that reaches a young mobile affluent audience hungry to catch up on what's in, who's hot and what's now in the world of entertainment,” said RJ Williams, Founder and CEO of Young Hollywood. He continued, “We’re excited to partner with Loop Media and add their footprint in premium locations including college campuses across the country.”
Builder Brock, CEO of Waypoint TV, said, “We're thrilled to bring Waypoint's premium content to more people and venues around the country through this partnership with Loop!”
Loop Media currently has over 71,000 screens in North America and provides free premium entertainment for businesses via its streaming platform Loop TV. For more information, visit Loop.TV.
About Loop Media, Inc.
Loop Media, Inc. (“Loop Media”) is a leading digital out of home (DOOH) TV and digital signage platform optimized for businesses, providing free music video, news, sports and entertainment channels through its Loop TV service. Loop Media is the leading company in the U.S. licensed to stream music videos to businesses through its proprietary Loop Player.Loop Media’s digital video content reaches millions of viewers in DOOH locations including bars/restaurants, office buildings, retail businesses, college campuses, airports and on free ad-supported TV platforms and at local gas stations on GSTV terminals in the United States. Loop is fueled by one of the largest and most important short form entertainment libraries that includes music videos, movie trailers and live performances. Loop Media’s non-music channels cover a multitude of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, and from subscriptions.