Cineverse : Investor Presentation - March 2024

INVESTOR PRESENTATION	Cineverse
A leading innovator in
(Nasdaq: CNVS)
entertainment technology since 2000	March 2024

FORWARD-LOOKING STATEMENTS

Investors are cautioned that certain statements contained in this document, as well as some statements in press releases and some oral statements of Cineverse officials during presentations about Cineverse, along with Cineverse's filings with the Securities and Exchange Commission, including Cineverse's current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act'').

Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cineverse's management, are also forward-looking statements as defined by the Act.

Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cineverse, its technology, economic and market factors and the industries in which Cineverse does business, among other things. These statements are not guarantees of future performance and Cineverse undertakes no specific obligation or intention to update these statements after the date of this presentation.

Cineverse: Powering the Future of Entertainment

CINEVERSE AT A GLANCE*

A streaming technology provider empowering some of the world's most recognizable brands to launch, grow and future-proof their streaming business in an ever-evolving entertainment ecosystem.

Super-serving our network or fan channels - from direct ad sales partnerships to premium global content - we offer more of the stories that move us, and technology that moves us forward.

Ticker

Headquarters

Common Shares

Outstanding

Book Value Per

Common Share

Share Price

TTM Revenues

NASDAQ:CNVS Los Angeles

13.265 million

$3.27

$1.35

$51.816 million

* Information as of 12/31/2023

Key Investment Highlights

Matchpoint, our proprietary	Organic growth with financial
streaming technology	upside - focusing on high
	margin revenues

Cost-streaming initiatives -

driven by offshoring and decreased content spends

Originally developed as in-house streaming technology solution

An open network innovation approach, we slot key technology partnerships into our proprietary engineering - to offer the only complete streaming solution

Fully developed with continued innovation including native and integrated next-gen tools and AI products

Taking to market as a SaaS solution

68,000+ titles to more than 150 million unique viewers monthly

Extensive portfolio of fan channels with highly engaged audiences

Focused on high-return,low-cost initiatives using existing assets

360-degree marketing approach across mediums - AVOD, FAST, SVOD, TVOD, podcasts, theatrical, and editorial - maximizing ROI on limited spend

Cost-cutting initiatives include the launch of Cineverse Services India, with goal of achieving sustainable profitability and improved margins by end of FY 2024

Optimization efforts focus resources

on high margin channels and low cost content

Continual trading of lower margin revenue streams for higher margin and profit

The Opportunity: Today's Viewing Audience

Consumers are watching content at record-high volumes while making the switch to streaming and technology-driven viewing habits at unprecedented rates.

4+ hours	86%	59%
Of U.S. households
Average U.S.	have at least one	Of U.S. viewers
TV-connected device
already use an AVOD
household watches
(Source: Nielsen)
service
TV per day
	(Source: Nielsen)
(Source: Nielsen)

$109B

Ad revenue from AVOD and FAST expected by 2028 (Source:Nielsen)

Entertainment & Innovation:

Cineverse answers both consumer needs.

Two Distinct but Synergistic Business Models - allowing us to exploit assets and leverage deep bench of experience in legacy media while future-proofingthe organization with forward-lookinginnovation and advanced technology strategies.

Streaming	Consumer Products
Technology & Digital	& Legacy Content
Content Distribution	Distribution

Platform as a service (PaaS)

Managed services

(rev share)

Complementary Business Models:

High margin content distribution powered

by our proprietary technology

Digital content	OWNED CHANNELS	Consumer	Ancillary
distribution	& PODCAST	Products		Sales
Advertising	TVOD	FAST	Box	DVD	Retail	Ecommerce
Services			Office

AVOD SVOD

The Cineverse Business Model: Diversified

Revenue Streams

CineverseTechnologies

Revenue Stream	Target Customer	Operating Margin	Business Model	Revenue Stream
Matchpoint Platform as a	Media Companies, Video Service	High	PaaS	Monthly fee on packaged technology offerings
Service (PaaS)	Providers, Enterprise
Matchpoint Managed	Content Owners, Creators	Medium	Selling Channels into 3rd party	Revenue share (Advertising Fees)
Services			platform partners (Tubi, Samsung,
			etc) AVOD, SVOD, TVOD, FAST
Digital Content Distribution	Streaming Platforms	Low	Selling Content In	License fees
Advertising Services	Agencies, Studios	High	Direct & Programmatic Advertising	Revenue share (based on CPMs)
			Fees
CineverseEntertainment
Revenue Stream	Target Customer	Operating Margin	Business Model	Revenue Stream
Owned Channels & Podcasts	Enthusiast Audiences	Wide range - higher for	SVOD, TVOD, AVOD, FAST	Subscription fees, Advertising revenue
		subscriptions / lower for
		FAST/AVOD
Consumer Products	Collectors	Low	DTC E-Commerce, Retail, Theatrical	Consumer retail sales and B.O.
			Releasing
Ancillary Sales	Streaming Platforms	Low	Selling Content In	License fees

The Cineverse Opportunity: Content Market is Expansive - and FAST Growing

Consumers are watching content at record-high

volumes while making the switch to streaming and technology-driven

viewing habits at unprecedented rates.

Market Size 2023	Project Market Growth
TOTAL GLOBAL MARKET
~$60B+
U.S. ENTHUSIAST MARKET	13.4%
$3B+
CAGR1
$42.7M²

1. Source: PwC, Mirae Asset Securities; includes management estimates of enthusiast market of 5%.
2. Cineverse's Content Related Revenue for Calendar Year 2023 ended December 31, 2023.

Ample Headroom on Our Streaming

Technology Target Market

S-M media companies are expanding into FAST, while publishers enter the market.

TM	FAST Market
$7.2 BN 13.22% CAGR
	Global Film Production
	& Distribution Market

TAM

$76.7 BN

1. Source:Statista, 2023
2. Source:Statista, 2023