IT News On line – Cinedigm Closes Acquisition of Streaming Firm The Movie Detective

ACCESSWIRE
2020-12-24

Cinedigm’s Streaming Portfolio Grows with 3,000 New Titles, 10,000 Particular person Film & Television set Episodes and Two Thriving Linear Streaming Networks

LOS ANGELES, CA / ACCESSWIRE / December 24, 2020 / Cinedigm (NASDAQ:CIDM) declared currently the shut of the acquisition of The Film Detective, a foremost content distributor and streaming channel organization concentrated on typical movie and television programming.

The offer provides The Movie Detective’s library, comprised of 3,000 content material titles, an believed 10,000 particular person movie and Tv episodes and two Absolutely free-Advert-Supported-Tv (Speedy) linear networks into Cinedigm’s expansive portfolio of streaming channels and articles.

As beforehand introduced, Cinedigm expects to leverage the Firm’s Matchpoint technologies platform to accelerate The Film Detective’s distribution across Cinedigm’s community of more than 100 digital retail companions. Also, Cinedigm designs to develop the distribution of The Movie Detective’s two existing streaming channels (The Film Detective and Lone Star) throughout its network of much more than 820 million buyer gadgets. The businesses will also leverage Cinedigm’s technical and operational capabilities to start quite a few new genre channels in the coming quarters.

The Movie Detective will go on to run independently below the management of Philip Hopkins, Movie Detective Founder and CEO, underneath the Cinedigm umbrella. Hopkins has assumed the new title of President, The Movie Detective. Hopkins will continue with a emphasis on the acquisition of high-good quality library material and the start of extra streaming channels.

“We are extremely happy to have closed this high possible, accretive streaming acquisition and welcome Phil and his group to the Cinedigm relatives,” said Chris McGurk, Cinedigm Chairman and CEO. “We hope to near similar acquisitions in the near potential as we execute a roll-up approach of streaming property that can quickly advantage from Cinedigm’s exclusive capabilities, distribution muscle mass and proprietary know-how in the explosively escalating streaming company.”

“We are proud to be having this up coming stage with Cinedigm,” mentioned Hopkins. “This acquisition offers an fascinating possibility to join Cinedigm’s industry-primary strategy to content distribution and streaming, strengthening our mission of elevated obtain to common movie and television information by way of the benefit of present day streaming engineering.”

Cinedigm has leaned into electronic monetization considering that its inception, presenting content providers a path to world wide arrive at on streaming platforms. Information and analytics guideline the Company’s selections to adhere to growth traits this sort of as AVOD and the team shut various recent distribution deals such as NBC Peacock, Google, Redbox, Area Now, Plex, and Fuse, in addition to existing AVOD partnerships with various platforms these types of as Tubi, Pluto, Vudu, Amazon, and Roku, amongst some others, to have the new articles.

Cinedigm provides worldwide streaming linear, on-need branded channels when distributing digital movies and Television sequence on every meaningful transactional, SVOD, and AVOD world wide platform. The Corporation distributes tens of thousands of several hours of film and Tv content to about 70 electronic platforms in 180+ territories. Branded material involves co-productions in the action, western and armed forces genres together with household (Hallmark, ZDF), anime (Konami Cross Media) and sports activities championship systems (NFL, NHL).

Kalil & Co, Inc. (www.kalilco.com) served as the special broker for this transaction. Kalil & Co., Inc. has been in the media brokerage enterprise for above 50 years and is considered the premier media M&A business in the United States.

ABOUT CINEDIGM

For more than twenty yrs, Cinedigm (NASDAQ:CIDM) has led the electronic transformation of the enjoyment marketplace. Nowadays, Cinedigm entertains hundreds of thousands and thousands of buyers close to the globe by providing quality content, streaming channels and technological know-how companies to the world’s most significant media, technology and retail providers. For a lot more information and facts, visit http://www.cinedigm.com/.

Cinedigm utilizes, and will keep on to use, its site, push releases, SEC filings, and different social media channels, together with Twitter (https://twitter.com/cinedigm), LinkedIn (https://www.linkedin.com/company/cinedigm/), Fb (fb.com/Cinedigm), StockTwits (https://stocktwits.com/CinedigmCorp) and the Company web site (www.cinedigm.com) as more signifies of disclosing public details to buyers, the media and some others interested in the Organization. It is feasible that specific information that the Firm posts on its web site, disseminated in push releases, SEC filings, and on social media could be deemed to be content information, and the Business encourages traders, the media and some others intrigued in the Corporation to evaluation the small business and monetary facts that the Corporation posts on its web page, disseminates in press releases, SEC filings and on the social media channels discovered earlier mentioned, as this kind of details could be deemed to be material facts.

Press Get hold of for CIDM:

Jill Calcaterra
310-466-5135
[email protected]

Source: Cinedigm Corp.

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