Since the rise of the AI trade, we have all seen and found companies that are at best only tangentially involved in either the AI (INOD is a name on my list) or Hyperscale Computing (APLD is a name here) craze.
Well, add the folks over at CuriosityStream (CURI - $6.53) onto the list.
CuriosityStream (CURI) became a publicly traded company back in October 2020 by reverse merging into Software Acquisition Group, a publicly traded SPAC. The stock initially performed admirably in the year following its IPO as the COVID stay-at-home crowd yearned for some inspired programming and CuriosityStream was only too happy to provide it. However, that performance soon began to suffer as subscribers returned to work and started rethinking some of their many streaming subscriptions, and by early 2023 the company’s shares were trading for under $1.
Founded in 2015 by Discovery Channel founder John Hendricks and his daughter Elizabeth, CuriosityStream primarily offers an over-the-top (OTT) subscription-based media service delivering documentary and educational programming to its subscriber base. For an annual fee of either $40 or $70, subscribers have access to “hundreds of thousands” of hours of both original and licensed programming, including favorites such as Cheetah: Beating the Odds; Hidden Australia; These Birds Were Made for Walking; Jaguar: King of the Jungle; Magical Fjords; Meet the Meerkats; Meet the Marsupials; Puma: The Ghost Cat; and, Sloth Bear: Birth of A Prince.”
Quite the lineup.