In Microdrama Retreat, Cineverse Shifts Joint Venture Role With Lloyd Braun To Passive Minority Stake

Less than a year after launching a microdrama studio and platform in partnership with ex-ABC exec Lloyd Braun’s venture firm Banyan, Cineverse has pulled back from the business. During the company’s fiscal fourth-quarter earnings call Friday, CFO Sean McCabe said Cineverse had shifted from 50-50 joint venture partner to passive minority stakeholder. McCabe said Twist, […]

By Dade Hayes