Cineverse Acquires Profitable Connected TV Monetization Platform IndiCue in Transformational Deal

Expanding High-Margin Infrastructure that Powers Modern Content Distribution

Published on Feb. 13, 2026

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Cineverse Corp. (Nasdaq: CNVS) announced the acquisition of IndiCue, Inc., a profitable advertising technology company, achieving a major milestone in Cineverse's evolution into a streaming infrastructure company. The acquisition integrates IndiCue's advertising and monetization capabilities directly into Cineverse's award-winning Matchpoint® platform, enabling Cineverse to operate a unified system spanning content preparation, distribution, monetization, reporting, and real-time performance optimization across FAST, AVOD, Connected TV (CTV), and all ad-supported streaming environments.

Why it matters

This deal exemplifies Cineverse's continued strategic and disciplined approach to value creation for shareholders, as it continues to focus on identifying companies with strong recurring revenue at attractive valuations and enhancing their revenue potential by converting them to the modern era by implementing automation and system-level optimization that drive scale with software-like profit margins, while operating essential media and advertising infrastructure.

The details

IndiCue is a proprietary connected television (CTV) monetization platform that provides streaming publishers and operators with the technology infrastructure to manage, optimize, and grow their advertising revenue across FAST, AVOD, and ad-supported streaming environments. The company operates an integrated ad technology stack that includes ad serving, supply-side platform (SSP), demand-side platform (DSP), and server-side ad insertion (SSAI) capabilities, all built on high-performance bare metal infrastructure designed for low operational costs, speed, reliability, and scale. IndiCue is expected to generate approximately $38 million in revenue and $9.6 million in EBITDA in calendar year 2026, representing a 25% EBITDA margin and immediate accretion at close.

  • The acquisition was announced on February 13, 2026.
  • IndiCue is expected to contribute approximately $38 million of annualized revenue beginning in Fiscal Year 2027 (commencing April 1, 2026).

The players

Cineverse Corp.

An entertainment technology company and studio that develops proprietary technology that powers the future of entertainment, including the award-winning media supply chain platform Matchpoint™.

IndiCue, Inc.

A profitable advertising technology company that provides a proprietary connected television (CTV) monetization platform for streaming publishers and operators.

Chris McGurk

Chairman and CEO of Cineverse.

Erick Opeka

President and Chief Strategy Officer of Cineverse.

Nicholas Frazee

Chief Executive Officer of IndiCue, and now EVP of Revenue for Cineverse.

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What they’re saying

“This represents a key leap forward for Cineverse, with IndiCue adding a strategically important monetization component that, when combined with our existing Matchpoint platform suite, gives us a near end-to-end technology platform whose high level of automation provides a significant competitive advantage by dramatically lowering costs while providing higher operational efficiency than any competitor out there.”

— Chris McGurk, Chairman and CEO of Cineverse (PRNewswire)

“For years, we've focused on building advanced, next-generation infrastructure designed to scale the highly complex task of digital video distribution. With IndiCue, Matchpoint becomes a closed loop: distribution, data, and monetization working together as a single system. This gives us a powerful feedback engine that allows us to understand performance in real time and act on it, improving results for our own content and for some of the largest media companies in the world.”

— Erick Opeka, President and Chief Strategy Officer of Cineverse (PRNewswire)

“IndiCue was built to improve content monetization and allow programmatic advertising to perform far more efficiently in complex, fragmented environments. Joining Cineverse allows us to integrate our advanced monetization capabilities directly into an enterprise-grade platform that powers content distribution at significant scale. We are now in the unique position of controlling the entire content and ad pipeline from end-to-end. In addition, as an established ad platform and now first-party publisher, we can be nimble and leverage our complementary industry expertise to focus on building next-generation technology that will define the future of advertising.”

— Nicholas Frazee, Chief Executive Officer of IndiCue, and now EVP of Revenue for Cineverse (PRNewswire)

What’s next

The combined organization will leverage the expansive Matchpoint technology portfolio to jointly develop new ad tech products and advanced data capabilities designed to deliver advancements within the CTV advertising ecosystem.

The takeaway

This acquisition positions Cineverse as a leading provider of comprehensive, scalable infrastructure solutions for the entertainment industry, transforming the company into a high-growth, recurring revenue business with strong margins and income potential.