CIDM - Earnings call transcript Q2 2022

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Operator

Good day, ladies and gentlemen. Today, we are hosting a Conference Call to discuss Cinedigm’s Second Quarter Fiscal 2022 Results. My name is Juan and I will be your conference operator. At this time, all participants are in a listen-only mode.

We will have a question-and-answer session at the end of the call [Operator Instructions]. one chance questions to to might that yourself a have ask limit or so two others Please a question.

the reenter is might queue. that note You this being recorded. Please conference

Head today Ms. Please for ahead. Relations host Your go Laura Kiernan, for of is Cinedigm. Investor

Laura Kiernan

you, and to XXXX afternoon, Cinedigm’s everyone, conference quarter results call. Good Juan. fiscal Thank welcome second

Potential management’s are we I would These certain to risks today’s periodic on made could statements cause from business the company’s forward-looking are to and begin, the time filed like statements. forward-looking that reports results differ assumptions. and and uncertainties Before from these company’s call are that and time. statements current SEC risks, uncertainties financial the with described on in based to statements materially subject to point expectations contain out

this All and XXth, it. undertakes today, the discussed of information is as of to November call no update duty Cinedigm on

certain Strategy Chief us Tony Chief Operating all President Yolanda begin. non-GAAP Content on Counsel financial Canning, turn CFO; now and Gary this Macias, In to have McGurk presented President; of Officer and Cinedigm over Chris Huidor, following are available and and Networks; to whom remarks. John Product and Officer, for General represent Chairman Chief be Loffredo, will we McGurk, today Officer; I and call information CEO; addition, Technology With will Officer, Chief measures. Erick financial questions our prepared Opeka, the the call Chris

Chris McGurk

half quarter for to first of record today. once pleased We're everyone. the report fiscal Welcome, call year. Thanks this again for Laura. joining us our you, the on Thank results very in

a by slowest in we row revenue the they in $XX XX% $XX third were our importantly, million, for half seasonally XX% growth is ad-supported business, for period was business, XXX% more first along were exploding our the million in quarter consolidated a these was will reported up our minutes. first Canning, year. to of the with And record which for the XXX% Our business. and half. John and most again half, quarter, what year the up the versus which in But channel from results in Chief prior quarter, for Officer streaming speak specifically, historically Financial over quarter, XXX% the few our up revenues for XXX% streaming the over Erick led the Opeka first new triple-digit up

we're career to months after Silicon an first Valley, KPMG. my corporate integral John the very and speaking Walt leading working in team. Now ago, Systems including have after experience he systems experience Company two with our will we're like as our to the the a Deloitte function. exceptional confident leadership ad-tech John access pleased team, financial financial John Channel, the senior best Clear from well CFO, of efforts hyper capital. Cinedigm of when time alma positions has zero spent joining and finance us our already and at balance own John of bolster onboarded startup debt Cinedigm our quickly our very new us management decade of with Firefly that with came now Channel of an mater, Outdoor; and is streaming half and experiencing Disney his support our plenty sheet John's in firms, and in our possible for Discovery to business condition the and consulting as processes. mint enhance has joining growth We're working part with growth financial companies

about and one Cinedigm That's of exceptional the executive our one acquisition key Board roll-up that our in senior and believe growth I is are at calls, strategy business. reason these very confident so initiative. groups the on before said best I've screening the As team in I

cash continue as of the and And are We the next sized all about just then plan two streaming in historically phenomenal in growth further which platform initiatives those are bigger are And a and handle than well enthusiast streaming quickly broaden execute minute. talk debt, efforts. on this drive business with into and our the our in portfolio to business. both we confident further much, we to much can continuing size business successful that an continue our streaming fiscal will of great our we we additional periods on remain on the our strongest metrics position and as in to excellent channel team a access Erick growth if position to growth with of to and quarters, acquisitions streaming today. are organic We I growth distribution momentum triple robust seasonal double strong acquisition accretive company expand very management the said, revenues. we a strong key no absolutely certain capital, our we pace are going

horror told, in channels we films Cinedigm worldwide, the in becoming experience of Screambox distributing recently than Netflix Alternative TV months: the Cinedigm the Disgusting channel also and eight acquired Fandor, by called initiative, Indie the millions Film of then through X our Street of of on crave initiatives horror plan a And number than [chandler]. to the and horror last premium these have by decades acquisitions, fresh who site episodes streaming called brought weeks, attached. Journal; we of less All Just multimedia streaming destination accretive Bloody we for we’ve TV and with more two fans programs the with acquisition prior a the premium that demonstrated Perfect leading XX,XXX horror combined Tech and arena, channel in leading Netflix channel to leading The announced a than streaming relaunched horror capabilities we over sixth in in and nothing and many the Screambox, roll-up programming services Streaming year. Disgusting and the streaming Horror Times. lucrative our one the few streaming less With pool, the Bloody cinema Wall the independent films experience

streaming position streaming is streaming competitive year managing and has currency proprietary distribution content, media us our a and a ensure to streaming launching independent successful footprint vast a company to can believe our from with acquisitions streaming streaming is immediately robust of of of and build content growth. that library, targets. target future. that And coveted a channels, simple. track on relatively the a we philosophy synergies huge unique queue only additional public art record and XXX% assets accretive content support technology, benefit Matchpoint, immediate X platform our a acquisition and focus Our state We We the and channel and infrastructure, technology, distribution led very acquisition

will We they flow. that Much ensure by be like rapidly buy platform M&A grown a approach and significant advantage. deal view competitive at companies accretive multiples assets will be a with Zynga fair proprietary M&A we own to our and in only have focus competencies Cisco, like our to on our

content, raise finance underscore acquisitions. to are technology outcome. me that let deals based specific channel So accretive deals will will that on we those accretive And ensure we to and streaming those finance opportunities. funds smartly only And appropriate as making we

and raising it the business on sheet. not balance our stockpiling cash of are in We

down We have turned opportunities that. multiple to do

highest lowest finance deals cost possible continue to return the value. options shareholder to in will the We future combined at look accretive the with of capital, to potential create at only

speak will I our Erick periods. Now, growth streaming things then hand our who the And John quarter strategy. to to our year-to-date Canning, will results Opeka will over CFO, phenomenal speak in metrics results, streaming to and and

And I'll remarks. questions. we'll provide John? closing finally, that, take your some Following

John Canning

I'm of quarter you, And you year-to-date Thank over Erick. our our key second to be pleased and results good Chris. you with some really discuss here handing afternoon, to to like cover I'd before results. it everyone. to with

by and revenues technology year consolidated which fill over expansion advertising and new company's million, new factors, platforms, the sales. were prior streaming rates, of and advertising Cinema existing addition equipment driven XX% from material company's streaming and on Our partner the channels, the a several including impact deploying CPM distribution the Smart had TV with of Digital up new $XX.X Amagi, quarter,

Our expense depreciation primarily by versus total Equipment segment. in declined driven the prior operating amortization Cinema lower quarter the X% the expenses and in year quarter,

EBITDA $X.X the the the prior period, adjusted per This negative a million reduced of was by per driven of versus significantly share. $X.X nil, year quarter. recorded net million and an loss operating million of net an This quarter, $XX.X $X.XX $X.X in was $XX.X prior in a versus current our $X.X share revenues million. million share, higher increase or was per Our million of loss or in representing We expenses. year or $X.XX zero increase

first the key our six ended for months September XXXX. financial on Now results XX, to half

results. versus growth our period we -- very a our is this in timing important cutoffs. because noted. That's that look a significant we're face Chris in issues results that in business is say always quarterly just the quarterly at hyper volatile the year-to-date Plus, to me with historical Let seasonality it coupled very usual just streaming of

prior driven the quarters, year-to-date expansion versus by our XX% Digital our by period including million, first distribution revenues existing year, In $X.X equipment of year factors, driven primarily and new the and addition TV in significantly $X.X consolidated slow most up of were revenues. was two and an was So company's with the several and negative sales. $X.X prior of year our seasonally in higher first channels period, a new increase million. fiscal representing the million, the streaming the of $XX.X million Cinema of platforms Smart half over second, EBITDA same the the adjusted This

prior and important this quarter tradeoff streaming we when streaming presenting In period already our tradeoff line have in assess opportunities growth $X.X increase the shareholders income balance positive of themselves against spend net we strong new or and at are $XX.X bottom opt week, with the $X.XX when not this loss new quarterly. versus net our per of million the of to often we we is high and net for income first competitors million generated We share. opportunities. ended growth. business zero year, a multiple dollars explosive growth the return same and or proper per It of note hyper market content, accretive also growth that are where annually, virtually competition, we have behind millions technology if make to in every believe most tens for particularly sheet this business, streaming cash channels moment including losing demonstrated We or very share, deaths. is $XX.X when of operating period an in that of per with million between spending of $X.XX share share to We a this $X.XX the of half carefully our little $XX.X the year, million, with and will the

emphasized, As acquisitions up streaming in pursue opportunistic for plan very immediately the Chris to that in quarter, we Also accretive set capabilities, which our only accretive us growth basis. a and unique additional that competitive technology, on opportunities leverage we to utilize nicely the sets up Riley, an B. assets, with facility position ecosystem.

like over would to I it Now, hand Eric. to

Erick Opeka

you, John, the today. Thank for call joining everyone to thanks and

area our technology-centric in immense has organic whie top enables the to capabilities Matchpoint channels overall as months. automating TV televisions. consume opportunity they're connected minutes reduce ad Each nearly growth the business continued has distribute market in XX% abandoned years growing continues article proprietary a acquiring XX budgets the that were I for high streaming, streaming by segment becoming partnering year. in progress the on a brands tech-enabled leader scaling and company's that connected streaming the XXX technology We industry. they a and bigger by and shifting to Business the subscription we're significant viewed by subscriptions rise in enables seeing records in broadly our last any Smart U.S. of our driven fastest Cinedigm's advertising well each streaming spend strategy growing expanding entertainment as than this the This of to as front happening TV quarter over When legacy become users launch, connected in on provide streaming a in and focus these Insider is to as the now. than services. as with we streaming to U.S. the Insider razor-sharp not digital bodes number planning. same of audiences enthusiast expects the these business and audiences. monetize by digital and independent internal called accretive us to supply past to our to the that year. to that digital what of But advertising linear I This migrate subscribing partnerships entertainment. our industry way months. growth. earlier for some to OTT and into primary this connected more million to growth further serve and and industry-leading major the transformed watch focus or year, OTT expanding investment A and in and engine even few TV show continue frankly is that time, in opportunity key in become to of increased our moment growth currently acquire in to the the number will over said or U.S. super us side subscription driving Our while roll-up anyone by sole best of companies surveyed to quickly even continue next them recent double-digit the Business $XX as also We've discuss growth on horizon, buyers are ecosystem. out, approach streamlining a a we the media scaled new also increase our concurrent the continuing television to enthusiast wanted have billion this television streaming just happening market years leveraging been completely across ad driven programming in by Due the the Matchpoint costs of This they're But rapid more proprietary developed shifts segment trends, reached trend discuss revenue channel around on our we of by TV an are chain, At a from content ecosystems in more the strategy business, is technology context XX results, operations month and XX% shift on our I before that right or growth stacking is expected multiple as are users the

of identified households is than have XX% peaking make in more five last U.S. at SVOD or having by three and according service to have of from XX over penetration firm analysis, U.S. noted These access household more users While half segment a XX% households services, as up of peer to least overall study reached services. or about who these now super study research one up year. more stackers The a three now more households. than and

that partners. licensing whether channels our third-party content of apps, opportunity the era, perfect the that on returns it fulfill to our opportunity for think is channels economic with our of as and to enthusiast able to that significant the and see around peers. marketplaces, we engage deliver transformed more XX our the apps us cost make company. technology apply we or streaming are to ad average, is consumers this services the a can not they ahead scale distribution, total channels advantage enables into operation, once our and enthusiast watched even content operation have consumer we bundle. household in market general incredible find what also completely due engine proficiency average environment, asking of This across touchpoints been distribution especially our cable to ease, where And channels. the us to attractive more M&A their strategy our with stacking, streaming can the technology-centric a company U.S. are and systematically capture we Matchpoint growth, supported complement entertainment now of build they've prospects always superior With in to we own enables our also our their content attractive for, enhance only even own are competitive ability Given streaming analytics the It hundreds current tech lower we we of To cost-effectively versus us monetization. consumer continued in technological

our development doubling and XX process operation the systematize over technologies, we of engineering further plan operations in automation integration months. engine next and enable As to will further strategy, of machine learning and the of India This on the the AI-based expand and workforce that investment growth us new channels and acquire. streamline the we

can Our scalable tens billions support technology manage millions of a vision of that titles thousands of hundreds that minutes is users a of per viewed and platform can massive of library consume of month.

discuss recent related our results. let's Now, streaming

revenues, and we were in stated, where over services, quarter first Chris prior the the up streaming and XXX% As the up streaming operate a subscription year ad XXX% over supported half channel our were period. prior

ad quarter streaming streaming of key revenues revenues, increase the initiatives. channel XXX% substantial respectively. and part This channel As prior revenues segment XXX% over first half increased several and supported our increased in reflect

on First, ad to more intentionally we quarter optimization stack, providing ad continued in spent our of resulted performing the partners. which ad higher last opportunities the focused

we in effort optimizing data our our in networks. considerable programming inform our of our a We've higher watch Additionally, programming resulting times Matchpoint’s spent which in resulted consequently to ad record-setting revenue. utilizing properties, has analytics been amount on of of on several strategy strategy linear,

channels half, Comcast our the due platforms, expand of footprint TV. channel distribution channel our XX% onto drove also and This on increased monetization. new over prior revenues, increased expansion which XX% year to an of Finally, and our streaming was distribution first channel distribution, and Onto increased quarter continued they predominantly we've the to an services respectively. increased subscription including of YouTube and

seems and hundreds Fandor of began to as Screambox, acquired increase our refreshing also titles the Chris process services service. new as of relaunching subscribers, added there each noted, in We recently strong streaming we've and

That can and a wholesale the our partners. year video prior the substantial lower efforts revenue subscribers million year our over ad or quickly, These like in and bundling that the noted and billion, This expand to up rose to from In the as midstream basis note continued of telcos numbers respectively. were mid prior other quarter quarter to the half, the of combined growth. generating future versus drive X.XX XXX% to base the subscriptions important quarters, million, services in strong predictable up due note, forecasting XXX ARPU, we're revenue to up XXX% in the quarters important prior It's supporting point smaller the stream long-term. providing for average model. $X.X we in rates. to MVPDs, larger quarter, quarter. growth with the were summer, the had as Finally, has high-double-digit to a of up being lot Total we our the per predecessor channel from be to $X.X the beginning ultimately a higher KPIs. million very quarter. up impressive driven revenue fall than sequentially unit, revenue will prior subscribers quarter prior in Cumulative streaming streaming growth the significant the first viewing with to deals monthly had half first we tailing showing company's school to This X.X% in the XX.X up up because from prior year, to slowest has or big Total cable million equally viewership late aggregate, and ad been XX.X and growth XXX% million and the X.XX been over comparisons It’s approximately is increased quarter. prior foreseeable first streamed impressions a to are revenue subscription growth minutes streaming user revenues expand the be XXX% that of were despite viewers we've future. number summer quarter in that year of anticipate But the aside, minutes XXX,XXX, is the still and Total XXX% it due in more billion, by year. that the streaming XXX% half. impressive early

launched and Media. or as Essex fans, we TOWIE by quarter, The Robert the Only addition, TV, is AllX Rey affectionately Network, we month In of during Way Rodriguez's first AllX Madrid Real more its called it's successfully and El X.X than towards with noting that are of three these end delivering viewers. In launched just the million channels monthly the the operation, already quarter, full the

offerings to Disgusting of as relaunch than horror premier YouTube and closed multi-platform noted, Dish's more to expanded completed Screambox offerings and And XX Xfinity, and Sling million TV. TV, distribution users. also noted, we We Bloody as company the we to least, Packs, the NFT acquisition our to Fandor of of on the We've channel from other a Comcast launched Selects the subscription with linear and as in further get NFT platforms. and strategy. and Disgusting put Bloody those have market key moved last develop them And data Fandor initiatives not Matchpoint non-proprietary two inform we but and our recently continue Blood

Turning now to strategy. our long-term

streaming Our our results for monetize us assets existing platform quarter the of a soundness expand we strategy. Leveraging as providing on M&A this two-pronged of competitive execute growth. from our differentiated continuously strategy while strong Matchpoint highly advantage market the growth rest to our illustrate and tech

years. the occur three execute As five reiterate next this we to that to I'd expect we stated over to long-term goals we've the recent as plan, like

streaming at monthly revenue X rate growth XXX things revenue in let than month; organic increase targeting content a minutes film run digital; and acquired titles. than revenue we're minimum grow TV library me but and XX,XXX grow connected billion our With more turn monthly that, grow back to and engagement to annual viewers; last not our XX% to expect Chris. viewers more and and over least, per through our television to million revenue; First, XX will to annual million we over

Chris McGurk

clear in registered streaming three believe now revenue our a ahead, continues screening Thanks, very I momentum surge row. quarters it's growth triple-digit to that Erick. having

our of successful that, our the the And enthusiast and is fast immediate our accretive brighter Our will and way business to just on tripling ever. as streaming Expect can. our news exceptional as now robust as strategy channel future in with we Operator? to management team size we more our build then execute doubling questions. than acquisition future portfolio continue take

Operator

question comes Dan [Operator Benchmark. Kurnos from Instructions]. our And from first

Dan Kurnos

Congrats, out and guys strategies. guys underlying appreciate the AVOD the some SVOD you and of really the underlying improvements some and of of some some on to starting more KPIs around meaningful in progress, really the also break detail

think you clear made M&A, I it's couple fronts today, coming. it incremental of pretty a or probably there’s partnership another on news some whether that

maybe So here. talk bit about a this to just going want forward strategy little

here. You guys moved have clearly up

You're expand. starting to

got well You've a much as larger and broader content. as distribution footprint

I to now you year? library guys head your the Are sort bigger multiple continuing So the plays you that of into that know we distribution to of have be where aggregation kind and as And channel have you Are are expand in does and made network. terms more looking broader, of at the be probably verticals individual to larger of new a been knowing play continue enthusiast bunch considering verticals? leverage? you lineup you into purchases how of the that decisions footprint placement OSs there think in by touch

Chris McGurk

answer a upside now. let operating real basis our of And Dan, right a possibly get a the will just a go all the detail. global here to We're your turn on and really think line But not truly increase looking have portfolio, I in can over to footprint internationally. that. who both at distribution, us question it we're our quality you in I'll at we're in quickly verticals expand the answer to looking that Erick me more that And is that top above. targets of give

the But to we're idea Cinedigm get on we've an talked the thing rollout we're I in at as that's into that factor at possibly ahead get and channel which this Erick. next to scale another up Erick focused looking of is in detail very support important channel umbrella that's can. on that let is think umbrella calendar the we're quickly considering. much as other in to that that be the effective call. in looking Go some opportunities various about we won't more going that get too year, it will clearly And I'll I But detail. quick past

Erick Opeka

Yes. Thanks for your question.

two in with Bob right, I you sides Elvis partner Madrid. the brands think of at coin, between partnerships, Presley our Channel, look brand Ross, Public both Media in upgraded -- really dramatically have the American Real AllX licensing, organic growth, Media; as and on joint we ventures, base, our authentic just

portfolio think, want are thing add whereas continue the with begets and attracting like add in to we any organic notion I lot of We side. channel And you our of we go lot I a opportunities on similar those we're cases, So success back success a quality think as -- the high are, better global -- of a doing and to you potential, strategy to potential. growth portfolio same bigger side. prospects higher on the

portfolio developing to by going on that, continue brands, great great bringing continue the improve in organic we're to do side, the So to brands.

we're market think in lot right? side the pretty for strength. us positions -- doing acquisition market platforms, to a that But solutions our partners we looking to properties as nice have our a verticals I really coming think a We've way have of year the thing, that the strong On really given us as they are acquired I both of some same know, to array think you next we that and haven't as in look previously. us

to look is at up big I starting growth, strength. market the as to to is there verticals I be fit have moving as priority that think well. think, our going we to we're And M&A So focus fuel be opportunities on a going within larger that us I think for

Dan Kurnos

partnerships laid on Cinedigm it a is I like have lift press here. feels the which obviously helpful. to won't channel. That's with easy from CAC, groundwork you you guys But the umbrella lower your the it. Got pretty significantly and super bundling, your going given international

congrats So, guys.

Chris McGurk

in more speak call next to will the February. earnings we Dan, on that

Dan Kurnos

building No, sounds guys of to or you are but good. it run to planning what don't front anything want yet, are don't it. want say guys clearly I in terms you

like for sounds incredible leverage. it opportunity you So an to guys

Chris McGurk

you. Thank We agree.

Operator

from Martin Needham. is now Please Laura from comes question your open. Next line Laura

Laura Martin

for and sales first. first, versus you're Hi, CPMs, your ask how force? the it’s is CPMs ad average non- there. three detail, That's a I'll picture, bigger much getting programmatically made of a most revenue

Second opinion one. third on brought versus And you pros your I'd up love and FAST AVOD channels NFTs. cons?

future those big reality really streaming about? And in question this think the towards fits company be your is that more interestingly, and of the interesting how over virtual guys inside now right could interested how trend the Metaverse talking three in years? the about So think most Facebook how you you is

Erick Opeka

is This Erick. Laura. Hi

order. each I'll in So take

as CPM -- side, we're though the mid-teens, some we into we in in typically -- we're enthusiast the quarter. get to the holiday player our even relatively we because to -- high-teens relative the We're the of enthusiast the to season. market busiest entering considered, the XXs, considered new low space, year, we're average names. get still channels, as into on we're the seasonal So averaging with the busy we're bigger Throughout

So we're value play. considered a broad based

that So campaigns for for that to the getting dollars the value of be -- amount is supply lot that's spend be where as value right of in -- causing chain reflective ad putting those, for a flowing very of We into the some more the uncertainty are of are they're to there's same place programmatic good around and the a are a out some now, of some they market. think actually our CPMs. us uncertainties bigger that lot

may direct to looking from so our today, teenage we say mid agency think it's marketplace of should key if would private or or do. growth, and of next probably do some we majority we're may we kind a I'll of like support revenue awkward the we that other start We're additional have we the things into programmatic at direct things until we year comes we while so starts we that several been in sales, we the would that that sales as we are versus I forward and terms big M&A going as We've see going big think, not programmatic scale, like sense the a be very the vast part that in add of Probably, our deals. and on partnerships the look make to phase, we're structure to But do scale have a is that to direct scale. We enough cost component doing things, continue where So it. year We're that, -- next call negate to to we benefits the execute it, think, scale again is of of benefits year. starting more with focus. M&A the would next some to today said, close. little

versus FAST at lower we into FAST AVOD, us, leaning we into see as of of FAST away. the been for into getting think, to In baked -- users, being the due -- the and look we side, I one just OS those cost impressions the the terms leaning we're have ad side, button

these and encompassing and and that But content getting not our bigger a button activity a see will our users in a see You channel on of -- buttons lot well it effect choices, of placement we're maybe by all buying being there. hundred installs scaling investment also obviously, of have brands. app high play, at same sizable on growth getting the AVOD, base. when around somewhere be We're a FAST we're a XX% of an some remotes, lot mothership of more almost best in you been strategy available in where a a of of channel of lot acquiring much few services requires bullish to the core the focus customers relative there's in have channels, not we have a of the starting neighborhood companies on call that and, saying install of the environment

channels going install a current AVOD apps, forward. going our network of across have base and good more strategy invest we're effective think that we but have to to for have us We to an into

see you content investing and is oriented offering, and entertainment companies, that. that In one really effects, That for lot -- make distribution biggest that we companies. of a look scale, could look same we company, NFT place we into around lofty the a In Matchpoint could where money at our integrate being very it’s creation NFT, goal, think it but you to for opportunities prospects be, NFT market that very NFTs, our us, up -- workflows, for we got partners terms I leverage a small Adobe as may in may technology be NFT on days, us. some existing as be already will business, end at current drive we think a good -- of on think ideas -- that think of of us if spent it's where in. workflow assets we that We we've can technology time to a their the early if the the think we they've leverage

just any that we shovel So, could will strategy being of assessing I it we're early us, it's sort to market, think and of since think versus monitoring gold quite that be front. closely, part us rush very where terms revenue a pick too like in lucrative the now a but new in the technology we're on of for be creator for predict and days

Metaverse, approach don't it broader enthusiast. a we there's Disgusting, horror love video think enthusiast they kind I who love horror, Bloody about what if as to to relates with into content, strategy, But Lastly, or enthusiast talk video. only doing being our Consumers been editorial horror think horror. to the we've I say, talking are I or a love love you what or of been podcasts, we web we're when channel date look of about has lot we --

them richness super throughout the And that of into. serve so we entire whatever want vertical to they're area

within within makings we a Metaverse emerging audio, super unique have where technology interests cater of if could is, have think experiences quite serve video, the within Metaverse tools So we podcasts, unique fan we fan experiences editorial where and I people's can these Disgusting, the be model where to like specific we them, can take that environments. business compelling use a a company emerging you build to these environments the Bloody quite and robust is

it closely we're and together. at So looking pieces I think we're the putting

Our video vertical is and just podcasts, experiences forth. in so own but end-to-end strategy a to not consumer

had I So hope that of any up I any if follow was I on questions that. information you a know know don’t there. lot of --

Laura Martin

on Really fit. Metaverse the liked thinking the awesome. No,

really I nascent. thoughtful appreciate response. So you. your Thank

Chris McGurk

Metaverse, going going was questions? we’re there do Bob to Ross but just announce Erick Sorry, any -- to are a

Operator

have over currently I Chris no to We will further now turn remarks. McGurk questions. for any final

Chris McGurk

array us delivered have Thank joining results revenue streaming extraordinarily business high to for company our strong, as you, Juan. we streaming Cinedigm. cement all with to To quarters, Matchpoint more enhanced blue strategy broad assets content. streaming turning a our portfolio more Combined, in technology our and by the for a everyone, into in growth interest you, to transform shareholders and solutions. of unique position capabilities, leader today three and summarize, of promise streaming for proprietary triple-digit along a Thank as with is those quickly enthusiast on industry independent we recorded assets partners channels the for This our last are chip and your that our growth platform.

standpoint. We’re in competitively, operationally, ever talent strongest management and been position we've financially, a in the from

Investor month High She when by behind have. Relations our be such third up targeting all growth with to growth supportive both you streaming smart investor results. Touch have look We we very and can we and any report organic quarter strong reached follow our looks very at acquisitions to generate and and that expect a cinedigm@htir.net. speaking base much. with us. forward with accelerate Laura to the Please bright may The We team nine at delighted other acquire you again, are future Thank questions Kiernan momentum. accretive you

Operator

This concludes call. you today’s joining. Thank for

You and enjoy may lines of rest now disconnect the your day. your

Laura Kiernan	High Touch Investor Relations
Chris McGurk	Chairman and CEO
John Canning	CFO
Erick Opeka	Chief Strategy Officer and President, Cinedigm Networks
Yolanda Macias	Chief Content Officer
Gary Loffredo	Chief Operating Officer, General Counsel and President
Tony Huidor	Chief Technology and Product Officer
Dan Kurnos	The Benchmark Company
Laura Martin	Needham

Cineverse (CNVS) 16 Nov 212022 Q2 Earnings call transcript