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Cineverse Services Now Available to Matchpoint Partners, Bringing an Additional Revenue Stream to the Company

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India-Based Team Already Supporting the Company by Providing Services That Bring Cost-Savings and Business Optimization

Suite of Services Offered to External SaaS Customers and Other Partners Looking to Reduce Overhead and Streamline Expenses

LOS ANGELES, May 23, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the expansion of its India-based Cineverse Services operation, which is now providing services to customers in the U.S. seeking to reduce overhead and streamline expenses by optimizing its back-end operations across a suite of offerings. 

Now approaching 40 team members, with plans to scale to 50 by the fall, Cineverse Services is available as an add-on to Matchpoint for existing SaaS customers, as well as other partners, creating a new revenue stream for the company.

Initially created to support Cineverse’s business needs, the company has now built the team with an eye towards offering a premium client-facing cost optimization strategy across a variety of services, with the goal of reducing their overhead by 12.5% or more. Cineverse Services allows companies to support their team members so they are free to focus on what’s important — content creation, strategy and growth.

Said Cineverse Chief People Officer Mark Torres, the architect behind this initiative, “As we recruited and trained Cineverse Services employees in India to support our business at substantial cost savings, we realized the next step would be to provide these services for Matchpoint clients and other companies looking for options to reduce costs. Without the amazing dedication of our People & Operations and supervisory training staff, we could not have created this revenue-generating service.”

In fact, Cineverse in its previously-reported Q3 FY24 earnings, stated that its SG&A expenses decreased $2.7 million, or 30%. One of the key factors contributing to this reduction was shifting certain operations and staff to Cineverse Services India, where some business functions can be accomplished with significant cost savings. 

Lines of business now offered to Cineverse Matchpoint customers through Cineverse Services now include, but are not limited to: 

Asset Creation/Graphic DesignContent AnalyticsQuality Control Conformance EditingMeta Data Validation and EditingContent Cuepoint InsertionFAST Content ProgrammingCustomer Support ServicesSales AdministrationRoyalties AdministrationFinance & Accounting (AP)

“Our 2021 acquisition of FoundationTV (now Cineverse India)  continues to pay off, first with the successful rollout of Matchpoint technology both internally and to our partners, and similarly with the offering of Cineverse Services to third-parties,” said Tony Huidor, Cineverse COO and Chief Technology Officer. “This is no small part thanks to the creativity and innovation shown not only by our engineers in India but also the leadership team that has been able to identify business functions that could be taken on more cost-effectively, both directly helping our company via cost-reductions and optimization, but also the ability to now offer these same services that we are benefitting from to our partners, creating a new revenue stream for Cineverse and added value for our customers.”

About Cineverse
Cineverse’s advanced, proprietary technology drives the distribution of over 71,000 premium films, series, and podcasts to more than 82 million unique viewers monthly. From providing a complete streaming solution to some of the world’s most recognizable brands, to super-serving their own network of fan channels, Cineverse (NASDAQ: CNVS) is powering the future of Entertainment. For more information, please visit cineverse.com.

Press Contacts

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com 

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

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China Xplained | The China Squeeze, or the China Opportunity?

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GUANGZHOU, China, Sept. 6, 2026 /PRNewswire/ — This is a news report from South: 

Is China’s manufacturing rise squeezing out or creating opportunities for other economies?

Ahead of the 2026 APEC Economic Leaders’ Meeting in China this November, journalists and experts from around the world gathered in Guangdong for the Asia-Pacific Media Forum (APMF) 2026.

The forum opened in Shenzhen on September 5, bringing together more than 400 representatives from across the Asia-Pacific region, as well as from international organizations.

Before the opening of the forum, participants travelled across Guangdong to see China’s industries and development first-hand.

In this episode of China Xplained, we look at the numbers, supply chains, investment and voices from across the developing world—to ask a bigger question: Is China squeezing out room for other economies?

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SOURCE South

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PUDU D7 Named Honoree in IFA Innovation Awards for Best in IFA Next & Emerging Technologies

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BERLIN, Sept. 6, 2026 /PRNewswire/ — Pudu Robotics, a global leader in commercial service robotics, today announced that its PUDU D7 Semi-humanoid Intelligent Robot has been named an Honoree in the Best in IFA Next & Emerging Technologies category of the IFA Innovation Awards. The recognition highlights PUDU D7’s ability to combine mobile navigation, dexterous manipulation and intelligent sensing to perform a range of tasks in real-world industrial and commercial environments.

The IFA Innovation Awards recognize outstanding innovations across the global technology landscape. Entries are evaluated by an independent international jury based on criteria including technology and functionality, innovation and originality, and the potential to create tangible value for users and the market. The recognition places PUDU D7 among emerging technologies demonstrating new possibilities for the future of robotics.

From Industrial Operations to Guest Interaction

PUDU D7 is designed for industrial, warehouse, retail and hospitality environments, where it can move through human-oriented spaces and perform tasks that require both mobility and dexterous manipulation.

In industrial and warehouse settings, D7 can handle materials, pick items from shelves, replenish inventory, transport goods between work areas and push carts. With a payload capacity of up to 20 kg (44.1 pounds) and an operating height of up to 2 meters (6.6 feet), it can work with a range of storage systems and materials.

In retail, D7 can support shelf replenishment, item handling and store organization, moving products between storage areas and shelves and helping maintain product displays.

In hotels and hospitality, PUDU D7 can take on the role of an intelligent front-desk host, welcoming guests, preparing and serving coffee, interacting with visitors and providing engaging experiences. Its semi-humanoid form and dual-arm capabilities allow it to combine practical service tasks with natural human-robot interaction, bringing a more personable and engaging presence to the guest experience.

Designed for Adaptable Performance

PUDU D7 combines a dual-arm manipulation system, tactile sensing and a 360-degree perception system to support these applications. Front- and rear-facing LiDAR and other sensors enable navigation around people and obstacles, while tactile sensing provides precise control when handling objects.

The robot also features autonomous battery swapping, allowing it to independently replace its battery and reduce downtime during extended operation.

Together, these capabilities enable D7 to support different tasks across a range of environments without being limited to a single application.

PUDU D7 Makes Its European Debut at IFA

IFA 2026 marks the first time PUDU D7 is being showcased in Europe. At the Pudu Robotics booth, visitors can experience live demonstrations highlighting the robot’s capabilities and its potential for human-robot interaction.

D7 interacts directly with visitors through demonstrations including waving, making heart gestures and picking up objects. These demonstrations showcase the robot’s ability to combine movement, manipulation and interaction in a human-oriented environment.

Advancing the Next Generation of Intelligent Robotics

The IFA Innovation Awards recognition marks another step in Pudu Robotics’ expansion from service delivery, commercial cleaning and industrial delivery into embodied intelligent robotics.

PUDU D7 is part of Pudu Robotics’ broader strategy to develop a portfolio of specialized, semi-humanoid and humanoid robots, building on its capabilities in embodied navigation, manipulation and interaction. This approach enables the company to address a broader range of applications across commercial and industrial environments.

Pudu Robotics will continue working with customers and partners worldwide to explore new applications for embodied intelligence and bring increasingly capable robots into real-world environments.

About Pudu Robotics

Pudu Robotics is a global leader in commercial service robotics and the industry’s first company to offer a full portfolio spanning specialized, semi-humanoid, and humanoid robots. According to Frost & Sullivan’s latest market report, Pudu Robotics ranks No. 1 globally in commercial service robotics by both revenue and shipment volume. Built on its One Brain, Multiple Embodiments architecture, Pudu offers robots for service delivery, commercial cleaning, industrial delivery, and general embodied AI applications across hospitality, retail, healthcare, manufacturing, education, public services, and more. To date, Pudu Robotics has shipped over 130,000 robots to customers across 85+ countries and regions.

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SOURCE Pudu Robotics

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Asia-Pacific Media Forum held in China’s Guangdong

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SHENZHEN, China, Sept. 6, 2026 /PRNewswire/ — A news report from Xinhuanet: 

The Asia-Pacific Media Forum opened on Saturday in Shenzhen, south China’s Guangdong Province, with the theme of “Building a Path to Shared Prosperity for the Asia-Pacific Community: Media Consensus and Action.”

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, attended the forum and delivered a keynote speech. Huang Kunming, a member of the Political Bureau of the CPC Central Committee and secretary of the CPC Guangdong Provincial Committee, attended the forum and delivered a speech.

Participating guests noted that this year marks 2026 APEC “China Year,” during which China will host the 33rd APEC Economic Leaders’ Meeting. They expressed their belief that with support from all sides, the summit will yield fruitful outcomes and elevate Asia-Pacific cooperation to new heights.

Participating guests emphasized that development and cooperation in the Asia-Pacific region depend on the active participation of media. The media are expected to share stories of openness and integration, provide comprehensive coverage of the region’s progress and achievements across various fields, and help foster a favorable public opinion environment for the region’s open development.

Participating guests noted that the media should actively promote outcomes of the series of APEC activities, interpret policies and measures of various economies to support scientific and technological innovation, and build regional consensus for innovative development.

They also called for deepening results-oriented cooperation in joint reporting, technological innovation and personnel training, and leveraging media exchanges to carry forward civilizations, spread culture and convey goodwill, so as to enhance mutual understanding and closer bonds among the peoples of the Asia-Pacific.

The forum was co-hosted by the Publicity Department of the CPC Central Committee, Xinhua News Agency and the Guangdong provincial government, and organized by the Shenzhen municipal government.

More than 400 representatives from over 40 countries and regions, as well as UN agencies and international organizations, attended the event. At the opening ceremony, 16 founding organizations from China and abroad jointly formed the Organizing Committee of the Asia-Pacific Media Partnership Program.

View original content:https://www.prnewswire.com/in/news-releases/asia-pacific-media-forum-held-in-chinas-guangdong-302870809.html

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