Cineverse Shares Surge After Hulu Secures Rights to The Toxic Avenger

Cineverse Corp. is a global streaming technology and entertainment company. Hulu has acquired the streaming rights for The Toxic Avenger, leading to a rise in Cineverse's shares. The company operates a portfolio of owned and operated streaming channels, a global aggregator and distributor of feature films and TV programs, and a technology software-as-a-service platform for over-the-top app development and content distribution. Its streaming channels reach audiences through various platforms, including direct-to-consumer and third-party distributors. The company's streaming technology platform, Matchpoint, provides clients with AVOD, SVOD, TVOD, and linear capabilities, automating content distribution and more.