Earnings call transcript Q3 2023

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Operator

Good day, ladies and gentlemen. Today, we are hosting a Conference Call to discuss Cinedigm’s Fiscal 2023 Third Quarter Results. My name is Bethany, and I will be your conference operator. [Operator Instructions] Please note that this call is being recorded.

Your host for today is Gary Loffredo, COO and General Counsel. ahead. go Please

Gary Loffredo

and results everyone Cinedigm’s XXXX fiscal Good call. welcome quarter conference third afternoon, to

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

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

certain in these metrics. measures reconciliation carefully and addition, represents the consider information encourage our call as to you our this non-GAAP and GAAP applicable earnings disclosures In tables financial release measures presented you financial in we to read

Officer; are Officer; Erick me I Chairman prepared and Chief Cinedigm. available and questions President am all Gary Opeka, Loffredo, Executive With and Technology Huidor, Canning, Officer of Chief and of Content Chris Officer; McGurk, Macias, and Lindsey, Counsel Officer; will President, Chief John and General Chief Networks; today Mark Chief Operating whom be Tony Chief Officer Yolanda of Executive the Accounting, Cinedigm following Vice Strategy remarks. Product Finance for Financial

now turn to McGurk will I the call Chris over begin. to

Chris McGurk

EPS of dramatically across key again X,XXX% income up revenues share. operating financial metrics our And quarter total of our for margin follow quarter to on those both call the all that with net by as we our lines, bottom exceeded expectations per thanks and a $X.X this us everyone of lines. extremely joining and us million $X.XX Gary top and business great welcome up of wide analysts Thanks, all and today. once grew Obviously, our on the had an and the results internal XX%,

by start thank across record first I stating team, themselves, continues our also Rather outstanding on of numbers us market. a our equity clearly for the sectors speak quarter after with Cinedigm to the dwell for quarter like standing challenging investors results am than of all where out I’d which how deliver in business to and great performance, to proud

content many in are business so struggling business of that and and in company paid continues other business try figure record-breaking path spending content they streaming the to principles and reasonable plan and content successfully the can the execute and reconcile streaming best diversification, marketing over-reliance as sound works and While portfolio like demonstrate practice. an companies because years forward entertainment marketing today and spending subscription out time how to a sensible to on management a on develop Cinedigm real model, of a

driving everything experts we income profitable our else. flow. all trying success is serving upon fans built be of genres Part streaming continue but exciting enthusiast strong most company industry, of in horror, continues profitability position sustained goal net of to company annual by our in virtue to the our adjusted only of momentum anybody some stories, category and of unique cash and is, the in One specific having EBITDA is success our triple-digit success our not approach towards of of for this passionate wrap sector streaming across and example better everybody. the to We’ve truly our become positive long-term Cinedigm to than a our quarter course, in is in not a of a in business. that That with growth Hollywood. third popular as

and XXX mix differentiated the success, channels, segment revenue into of revenue, portfolio XX,XXX content library operated drilled Cinedigm day of strategy our of the which business heads, theatrical SVOD, made our strategic class. one TV competitors first within proprietary AVOD state-of-the-art of industry, in episodes, is MBA’s quarter, the they and our technology. heavy which that our successful struggling. networks our value FAST, portfolio third-party Matchpoint Diversification many of to one is to streaming strategy and all of streaming are business, up contributed films are spending, owned implementing and and and licensing, a release company their our a of across to units resurgent concept span and a the streams content entertainment non-diversified business great All channel it speaks of our of in line fastest-growing while our

up fast the with in before television team, this And very XX% many over was XXX% total added quarter quarter revenue or Cinedigm streaming We revenue prior the and bullish year straight free of XXth ad-supported mentioned, sales senior basis. on record executives I X-year advertising As a the XX%, including business. were our Ad our to remain of up our new on growth, up on train we industry. our part Solutions

up that which XX% subscription the we become with third XXX% revenue our increasing versus service last quarter grew also of million this from across has streaming third now subscriptions ago. fastest-growing and streaming the quarter subscribers portfolio X our brands, years have streaming year’s from time. business ago revenue month tripled X.XX We nearly in We XX% over acquired last X horror years year. Screambox,

of viral Slasher is on The office In our marketing also and pay cost-effective XXX%. box X? investing smart work a the strategy, Terrifier a well their trusted leaned It operates a the closely X transactional only late are streaming it team, incredible, exclusive very and fact, curates the in our but the of release instant incredibly It theatrical was boy, content product not to VOD talented XXXX consumer with and Terrifier turn, versions performed that shelves. and streaming title can film off matter the vertical in say that of much which phenomenon. fact subscribers what horror and the Screambox creator the flying Disgusting support did And cult breakout classic about and worth Damien weeks film Bloody was identify Screambox Leone a release our following we X, I with expertise, team In grew breakout to in in. off? we

much have many and the family, films. Dreams horror Asian also Screambox which proven with critically a side and theatrical genres of we to have the we We and the on & films and Outwaters, for mirroring sound limited we Robert more Story with week’s other Also, Blair upcoming rightfully it acclaimed like Slash Hollywood in recently Englund generation’s film, the other footage this project. series and exclusive Witch horizon. others announced have are last release of said the And come which The Film strategy Nightmares: this anime expertise, including acquisition feels

achieving the become to ongoing detail players are growing will of technology has the is continue and as partners include scaled potential Spotify rapidly in sustainable basis, business. plan currently These metrics delve I in John podcast our scope addition, M&A have our believe into key streaming expanded. months. additional announcements initiatives growth the our our and for and coming no of business Cineverse, position content, Look and also the unit and operating fiscal And capital taken increasing want balance we profitability raise continued in see video strategic our remains our success independent an early industry with business point more very operating to our cover on in of in expanding out rapidly our technological annual to our investments financial partnerships, very, our platform, of will and next Matchpoint this for operating which advertising starting notice our that we with that parts will strong year. important discussions more that regard need sheet point. of proprietary at the in while Erick capabilities, now and results high a right the

it turn of With detailed that, a financial for more our John review let to over results. me

John Canning

you, Chris for good quarter on outlook then will Thank update touch a everybody. afternoon you third our year. I the I highlights, few on will and

continue fronts. laid intention stand expectations we out are While to making to aggressive and all great and those our profitability by achieve sustainable on have growth previously annually, objectives revenue year-over-year progress we our

XXXX, of to key increases $XX.X in get will Total quarter, $X.X million, and a in over revenue increase streaming driven comments. XX% of Erick million revenue XX% December these revenue the financial in XX%. by revenue subscription ad-supported Our drivers of quarter record increased XX% consolidated increase another quarter to the in XX, year his an third quarter. increase million year into to results prior the compared ended prior the $XX.X for include:

revenues, growth, for mentioned, connected grew prior organic Overall, over XX% increasing extensive and content film the by to was Similar year. and by delivered prior the demand QX, This which inventory versus own channels new year once revenue growth driven quarter, streaming television quarter. internal ad and new component quarter. revenue Cinedigm exceed total for Cinedigm’s plans again of user as Chris launch performance, our the last in entertainment all market the

also in recognition to and $X.X of $X.X year business Our consideration business Terrifier the multiple adjusted of in as by winding driven income decreases the adjusted EBITDA our attributable the streams, its income compared growth net million success expansion phenomenal scale Net per Terrifier X or our and the year Cares further compared revenue life. and quarter $X.X the cinema was loss per of the the prior was current driven other content it down. mentioned $X.XX Act year $X.XX the X quarter, in cinema share of million our of as in to digital EBITDA as million to $X.X This well a share as success was streaming or digital nears the streaming under prior variable of of quarter. by end Chris million across

strong, cash, to very like only said, and aforementioned additional working Terrifier remains our fall sheet in last with just X. revolving acquisitions is took balance Chris for million small powder under a the key capital content Our facility we $X debt dry as provide just

versus we expect mentioned, growth fiscal to for previously total substantial this company revenue full last. year As generate the year

shrinking has the Cinema. year, despite far by increased year-to-date period total from XX% over Digital So same year last this revenue a contribution

in excluded closer revenue Digital results periods. year-to-date Looking from in are both Cinema

Our exceeds growth of our our goals growth alone. revenue XX%, is long-term which business streaming

Our are produce benefits. M&A-driven to and initiatives already line synergistic streamlining line starting expectations, top bottom and

savings in and of in of and in confident through acquisitions cost as technology Chris million stated I X goal the Matchpoint previously, we made we goal both integration X months. our operating As improvements, made progress coming remain finalize our significant the will annual application cost have the past outsourcing we $X.X toward We achieve the of years. our achieving we’ve that

With Erick. to that, I’ll hand off

Erick Opeka

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

streaming our strategy Cineverse discuss discuss to to going going am I And business I’m mission that, top line detail. after results. First, and then in

the quarter. growth driven Channel. connected prior the the heavily the substantial over the quarter. quarter. expansion prior of total This Fandor drove streaming in our approximately base service the flagship million, as services new in video services, subscribers LG year continued X base serve a the popular to of from quarter Samsung, consumption X.XX subscriber increase the This This over titles. by X.XX subscribers approximately streaming first, user expansion as the was library the over billion, year streaming subscription overall operating increased at to XX% others well company’s representing as owned considerable by well minutes as prior TV and our to Screambox, XX% impact an platforms and and and So premium streaming rose up year on driven originals has Total of acquired was increase like of Dove and

to Additionally, Watchers fiction our the cumulative had and with new top and XX top show a million X on XX business our Spotify’s Apple with become flourish podcast podcast nearly XXXX, emerging Mayfair for as across Society we player major to downloads scripted category continues shows We’ve picked by up date in the XX podcast charts. shows. a

scale to with to a launches our A. business language new and Romero more this George forthcoming the come. Foundation the of partnership international Living key continue We property on much shows, with Dead

platform. streaming technology side, of having Fandor on considerable X the to Screambox also version Matchpoint, on our We and made proprietary relaunched progress

We the recent officially bringing now quarter, to product Cineverse. happy the our theatrical with ROWX during is to announce partnership and also announced of high-quality releases I’m thousands catalog premium and live, Hollywood titles

Matchpoint channel partners interest tremendous a to Matchpoint are utilizing a to content in own see our distribution We select challenges the area of making who footprint, basis. expand continue in to this struggling this effectively to from demand on addition In competing highly means and work other owners on complex in available business. as licensed with we operators

bolster multiple direct months will to to We and quarter already we lift businesses. this have our I’m in And our happy report added in to considerable benefits finally, the on seeing programmatic in and Cinedigm we’re Advertising more key unit. share the hires ahead. Solutions

time to idea around Cineverse. of the me the let of strategy TV born of company’s diaspora from out take a simple amazing about world. Cineverse Now mission some the and talk the shows film enable and was discovery to around

become services no decisively already XX inaccessible mentioned and streaming things the movies and last vanish Ultimately, made, worse completed majority shows the are frustrated simply With television heightened I becoming warning, anticipated those with the removed of major Major statistics millions and to for accounting consumers the shows X% top Since being people. at quarter, just shows vast are TV shows of as are most movies movies shelved. have increasingly are ever movies streamers. being notice. without of

imposing and monthly this trend cuts to trying get are streamers is going worse. by with usage only big prices. come, the subscription to more And restrictions profits cost squeeze raising more rapidly to Meanwhile, increasingly

want What of for do after about when that decide major collective vast entrust blood, we day become this our viewing. they strategic consumers and shows transactional and heritage the these business the swaths of to and industry. these How platforms cinematic television day, when care in we will their streaming which happens collective film So ensure access in world’s is with no more inaccessible music filmmakers environment content the inaccessible? will to saw the sweat the interest gatekeepers? be tears happened longer as history to

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the them to interesting assert parallel now archive very, streamers. and them, as music to on platform rapidly. important well. sits for Instead, service listener mix the consumption for of with discovery television and We’re we Spotify is XX% Spotify we’re that or what because discover major as Cineverse the perfect an looking content. that valuable helping that good each going and not driving alongside non-major This very at of aspire rising a Cineverse provides on film music to is make music with part and label film do is TV playlists an and

the month, scale, our mission low few us big video We delivered designed platform. titles, and others comprising in us, Matchpoint goal our have to we tens assets the to extremely of we’re To at learning, machine ecosystem cost. the shows movies we’re to Matchpoint XX,XXX last significant Through perspective, achieve that confident excited through television extensive streaming in at compete about of this has titles streaming the but a and And Matchpoint X,XXX just January front deliver a distribution with in challenge. that can technology allows end-to-end AI the platform. efficiently of we this put operate been industry easily automation possess use with. thousand ingest into XXXX, and of in and very over scale

us unheard is operational in X.Xx efficiency of hundreds simply X coming the number of This the add we moat on of thousands titles streaming movies scale the of we context, provides Hulu level the month. or So a movies about and technological look X.Xx in of years. on in of and as delivered industry a total number Netflix to in massive

see in already can being advantages Cineverse its fruit. infancy, those Despite you bearing

close rapidly bucking all sister movies making our we’re titles to coming and add of to adding shows, films in and for to expanded of services these per thousands available subscribers the versions are library, dramatically and consumers now its uncut on streaming XK trends, have XX,XXX we focused sales to and industry months. month Cineverse the totaling content First, plan and

to sized content businesses Cineverse in major and focus a key Sony. we each Jupiter these super-serve minute, If could believe billion the Anime is Speaking we verticals services audience Crunchyroll for sun, a streaming $X several audiences. service that are is same where the of for become on sister way streaming continue we the on themselves, business the

of Screambox of has programming to like The the Terrifier among original pillars psychedelic festival service X, Pennywise: us, become of horror thanks Up Worms, IT, others. fan-favorite documentary, Our movie survival one those Jacked All Of for Story Full favorite, Fear dozens the Belgian/French And Deep horror

Screambox, products Englund Disgusting’s beyond. the Chucky, The AsianCrush. consumer horror, In including is not very RetroCrush excited and brought addition, Bloody and With Channel, with Robert so serving and more philosophy Living transactional channel XXX-degree on other in bases film curation much with RoboDoc, our and podcast network, enthusiast about with with verticals, content, in through and Indie the and Fandor, on Dove our of fan brands Outwaters, our way, family theaters, but to future just with the This content Story editorial we’re Asian to approach being the Anime across

ourselves to others. We vertical, an verticals, also LGBTQ see establish such opportunity African-American the super-serve as other and and key

focused pursuing brands areas. establishing partnerships on these with each and We’re key of in

leading to while to we of enthusiast not mission believe compatible our So of. building it can be for are destination up, that the we an important sum superserving be be world’s to only the businesses, part fan great and strategy bases, all content extremely both also proud but

to that, With questions. to turn over things the operator me let take your

Operator

Kurnos question with the comes Dan go first Our Benchmark. ahead. line from Instructions] Please [Operator you. of Thank

Dan Kurnos

comes Obviously, of are this? whatever the working sure Thanks. good tremendous one Erick, Good I’m But you and just a to you X Terrifier I next. success, both guys and have all guys take a buzz. and/or you on Chris Great. first quarter. on for this maybe whoever have film that was on afternoon. Obviously, terrifyingly want congratulations do

You’ve pipe. that the you happens Can genres? what take in and Just got kind into capitalize do of success you some simple parlay go new in through help broader-based to horror self-convened your the how beyond momentum you take films sort there? How you of that channel? the other it cross-pollinate? Can on Is us sort think of across learnings?

Chris McGurk

Dan, first, the question. Chris. just Thanks, is this Well, for

XX have horror a it a now we DVD itself, blowout creative little us, terms the Screambox. to coming and seen how and having in the took TVOD course, on a and Just top turned movie and genre of community floodgates of $XXX,XXX in title the in in theatrical physical opened into

So of we’re build of as horror. well in more sort content opportunities considering a we’re [XX:XX]ore skewing our that I wealth out to business was And forward. we’ve to slasher in space round got our a the of scale business, all opportunities that in called adult-oriented new at space serve and blow are that but some audience, looking continue that out acquisition terms also going to just up Terrifier not elevated and maybe mean, like it content audiences older there

to with areas of build build up of take in in as experience that in So great could those in we’re and that our be that in the we how advantage Terrifier the we our that family through virally. same content capabilities in horror release them evaluating of up same content properties lot identify great machines then well had we acquisition to the space. one opportunities a potential market those some very we’re terms have the cost-effective think content able And Asian M&A way and in capabilities And the and arenas. we And bulk, also each learned have doing an vertical built and we we and that of incredibly Anime. in thing

to and that confident going that and the Terrifier momentum business. confident very, in we’re horror, the business family a Anime keep very the going find we we’re very the we’re business, So Asian can in

viewers So channels acquisition acquisition with and from verticals. of that’s increasing goal sustainable content those opportunities an come on profits opportunities, ultimate where because subscribers our our in the our

Dan Kurnos

ex there? credit thinking, out is tease certainly this then know of other the that how the deserve sort genres, sort would of gave but the hood to Terrifier you just of helpful. the and segments built on a wondering going kind launch? round of I’m Obviously, momentum. in you’ve Screambox. that That’s see at able X if to we or you we If And family to get the the that. much sort just of on, the it. were to we qualifications quarter, get can you especially look more some kind some about just continuing other to And we’re the from of Cineverse momentum Chris, the I things you’re be are of of as improvements how what of looking closer fundamental thinking really right, sort beyond point broader we out of kind sort around color some Terrifier under are you sort since to difficult, from Got said, Matchpoint to

Chris McGurk

Yes.

we quarter X I’ll of out business. first, record the have Terrifier think that distribution in took would point make quarter, I had if a our the even results still in we streaming content for and our

about was quarter this So than more Terrifier. much

thing great and I replicable increase that profits we to Screambox. Terrifier we forward. now because those is year think October in which are and held believe, a recognize, time. month, again, news it’s got middle those huge We’ve year February, I around each on I all that And X, we’ve important hopefully, another think going that subscribers think of of subscribers, released is out, you

now, ideas you sign that that. Terrifier a following the forward in are a to and evaluating acquisition our show spoke look And Asian hit we’ve then, growth you a continue Right activity arenas those So we’re profitability. Anime so look things quarter for of don’t results in in need for theatrical. every going film our our I to But and that and in break goal other we a want to content I obviously, opportunity about moving couple sustainable as I theatrical of great just stress, could we arena, release think I forward. think out for think family that got genres the

Dan Kurnos

your to of bolstering its you And is really called the That’s market Erick, find right sort now. bag it. pretty prone weakness, We’ve market publishers to Got been those. mean, of stabilized more pressures, maybe, strong CTV, generally, immune not the it there you’ve pretty bit a Obviously, results department. consistent, yes, little some but out and footing but have ad and less in mixed trying you’ve heard been I general are called or the have helpful. seemingly

could you’re just curious you a you’re your expansion bit sort sort and how ad thinking year? targeting about I’m this So upon little of and if expound where of force direct versus expansion programmatic

Erick Opeka

Sure.

the them on end think So in kind see take this impacted players entities, quarter been tone kind really just of well tenor we pressure in with, speaking market, I’ve team small at impact I with I and of didn’t generally above billion of December. that. hit has of the broadly But We market. if at my greatly. amounts broader the look who of the think overreacted and it been and that pause involved people big the ad downward are probably of much conversations Everyone $X us involved

We’re a smaller share player. by impact grow on channels, can by will have and market new very gaining growth. and launching We nimble much a material those

month, in this journey, that are outpacing impact probably we double-digit existing give So, to I of on beginning for are some the our bucking this think so broader business, Early where growth. trend. at while it the far, one we market marketplace, just anecdotal data the we just growth has year point are the

high ability growth have maintain larger rates, just am given pull levers about we our all not that our concerned I not peers. are probably much to available to the to So,

Operator

you. Thank

go Our next Alliance question with comes the Global line Please Brian from Partners. of ahead. Kinstlinger

Brian Kinstlinger

X. and you if entertainment. could taking and Great. with content to Terrifier for all down see wanted results, my questions break at so much great Thanks especially I

as results. we what Sometimes understand Terrifier quarterly OTT made get distribution X, it to recurring can digital. of contribution clear then streaming so And go need, certainly the you business? not pieces that you aren’t as Can one it sales, the is think us see to which ticket you help from while versus we about other forward, and drive

Chris McGurk

This is Chris. Can me? you hear

Brian Kinstlinger

Yes.

Chris McGurk

But a I policy we not revenue any a had not of title, elements got. going lower mean film. in that. a about than generally we firm reveal general get the the specific you are bigger We do bit box which everything, that is and independent just profits to in we an the release No. and XX% of in to for that standard rentals, will practice participants wide for it’s office have little and the industry,

can a you going use just So, guide forward. as that

Brian Kinstlinger

I you And you Okay. quarters breakdown some digital. physical a streaming versus the of about distribution, details distribution about how any the Q? know to through share I Can OTT have it given and you guys that? entire think had chance just… go

Chris McGurk

Yes.

the will I correct, find John? think you Q, that in

John Canning

Yes. That’s there. in all

Brian Kinstlinger

take a to can are about, you indicate then you And Okay. movie What clear streaming. to the factors wide have that going you talk been whether the Outwaters is to be headed performance it as release? a Outwaters of a kind specific had wide to release limited if maybe it more the theaters? in is keeping chance to versus Just go release, certain those wondering

Chris McGurk

today on, Screambox, become I a and reasons that but it we Friday. did on went we we exclusive think not It there in expanding I going will of announced the screens, But weekend. lot Well, this well just are really this are like stay there are think a planning to real with been it foremost, cult on theaters, believe a that. film of had X, had it. which We a Outwaters going perform following a we had XXX big was franchise. and Terrifier, really didn’t first I had theatrically, but everything. quite know online Terrifier But kind and for how And

$XXX,XXX, a marketing. we why less Again, took that out And screens. in originally, was on $XXX,XXX XXX that’s that’s it than So, have with probably a then footage And film audience think we that that and was spent had film. I didn’t movie sort cost we knew for built-in it and we the produced Terrifier. the for a Outwaters, of that $XX,XXX sound heavily

and big what deal Twitter do number So, online coming on like fact it’s titles expand on main that we out that’s that happened. think the on looked is on the of exactly our quickly here have probably Screambox created others market a impact after will and because be at got that also we had lesser screens would a kind take it and it everything what’s great awareness and Terrifier with extraordinary we take and to really breakthrough we Screambox the not subscribers. and buzz And the we into Outwaters. based And TikTok and of goal experimental an you Ant-Man film, thought of

through our kind the that thinking of whole thing. So, was

So, like mix – based you mix going you a will that. forward see the will forward going release patterns of factors on see of

Brian Kinstlinger

it me and subscriptions. impact question on Terrifier you another speak And brings the of as X

not probably can that. talk I How thereof that churn been lack of stayed think it’s it Screambox, churn? the to stick there important, sure the about Have maybe held about have Maybe again. and those subscription? come have or to the subscribers would I become been? rate talk Has am they movie if the with you see

Chris McGurk

Yes.

Erick been refresh to there lineup, if As beyond got we stuck. think to said, expand described, as we And on I wants Erick minimal continue to and that, churn they the titles again, channel. the Outwaters, has new but great have a

we to on good the about is subscriber and base really feel anything comment board, Erick, our to continue have hope subscribers of there come who you that? stickability forward. on the to we So, going want grow

Erick Opeka

and Terrifier, subscribers we figures very, had very subscribers. six-digit We exceeded very, volume kind sign is there we we type at that of because going following the when a of types piece people service net of have are result had our content, Yes. always program acceptable rates the that strong closely exceeded was That’s And industry. just with cancel. acquired where growth rates our that of the of release. on to a of Terrifier’s that original these you – practice. to nature it, rates low-five look find what watch high that the But In in of in-demand we high any And up service movies, expectations. will very the that of are take a any the of really – very retention had

pretty forward that of vertical. being very obviously set I stuck it’s template. has a adjust hit very were is many first optimize provided this our And pleased result with horror group strong will a subscribers around. we that going it, and really sort Screambox think We how to as impressive breakout really So, but the

Brian Kinstlinger

Got it.

quarters core. be the that any winding I know It commenting next cinema in we think Lastly, down. How not lift there a have business? in on about it’s remiss the for not And do although quite December a while quarter. few that? we equipment, is on would been talking it into And about visibility provided I

Chris McGurk

did don’t will have be beyond we think at year. it We that, of business we it the I I that said year, done cinema appreciable be end fiscal really the comparability before. after because the But impacted think year point. digital last significantly with as contribution more than any There year-over-year shouldn’t our this in

the happy quarter. through that’s last want it finally know. the all will say point. has at going X be been to So, we streaming pure just and now as a And that of which years, going technology when unhinge I we for next about you roof we are think play, very be content then I to business this But

Operator

you. Thank

Our Management. from with Hackett of ahead. next the Hackett line question Please Terry comes go

Terry Hackett

Gary, Gentlemen, good Tony, a is great and it good Erick, Chris, job. afternoon, afternoon.

a then story have on effectuate some been balance ago, to that the a years to along difficult has to I sheet. a if an up this got cleaning are comeback great, we X everybody and say, to don’t guys and is story Just comment pivot pivot great and that very, that great you for from and know become days going aggregator,” very way, “Hey, understands we what

it I keep is and to going done well going. say all am So,

Chris McGurk

yet the very we it’s for great now. to much, hanging and the last Terry you been comeback working us in what with over there few and thanks and we come. And that’s I last The all years as good how feel business X that that’s built best is as Thank been a years. think for the

Operator

Since to closing questions, conference McGurk you. there remarks. would back no are for over Thank like Chris the to turn further I

Chris McGurk

may Thanks your and interest with questions for today you Julie follow-up everyone us operator. joining Thank in with Please have. you Milstead for Cinedigm.

at quarter we report You with results to you XXXX We when our again look can speaking forward in fiscal reach June. investorrelations@cinedigm.com. fourth year the for her

Operator

call. conference our concludes now This

disconnect. now may You

Gary Loffredo	Chief Operating Officer and General Counsel
Chris McGurk	Chairman and Chief Executive Officer
John Canning	Chief Financial Officer
Yolanda Macias	Chief Content Officer
Erick Opeka	Chief Strategy Officer and President, Cinedigm Networks
Tony Huidor	Chief Technology and Product Officer
Mark Lindsey	Executive Vice President, Finance and Accounting
Dan Kurnos	Benchmark
Brian Kinstlinger	Alliance Global Partners
Terry Hackett	Hackett Management

Cineverse (CNVS) 14 Feb 232023 Q3 Earnings call transcript