Cinedigm announces distribution partnership with Littlstar » 09:3808/0308/03/20
Cinedigm announced that…
Cinedigm announced that the company has partnered with Littlstar, "one of the fastest-growing and most popular streaming services," to distribute Cinedigm's portfolio of linear and video-on-demand channels. Littlstar is the leading provider of premium streaming film & television content to the gaming ecosystem, where it reaches over 100 million Sony PlayStation consoles, and also reaches hundreds of millions of additional streaming devices including Android TVs, mobile devices, and many more.
|Over a week ago|
Cinedigm to launch free, ad-supported linear channels portfolio via Plex » 09:0307/2307/23/20
Cinedigm announced that…
Cinedigm announced that the Company has partnered with Plex to stream eight of the Company's free, ad-supported channels to their US and Worldwide-based consumers. This launch helps Cinedigm reach a savvy demographic that is heavily media-focused and not currently serviced by key streaming platforms. This launch also dramatically expands Cinedigm's international footprint by reaching a new set of international consumers with a strong interest in media. Plex, which has over 20 million registered users worldwide, is a popular platform for streaming all forms of media, including free ad-supported movies and TV shows. In the partnership with Cinedigm, Plex will now distribute Cinedigm's linear channels on an ad-supported video-on-demand basis.
Cinedigm announces $10.82M registered direct offering » 08:4007/1607/16/20
Cinedigm announced it has…
Cinedigm announced it has entered into a definitive agreement with investors for the purchase and sale of 7,213,334 shares of its Class A common stock at a purchase price of $1.50 per share in a registered direct offering. A.G.P./Alliance Global Partners and The Benchmark Company LLC are acting as co-lead placement agents for the offering.
Cinedigm channels included in NBCUniversal's Peacock launch » 09:2307/1507/15/20
CIDM, CMCSA, CMCSK
Cinedigm (CIDM) announced…
Cinedigm (CIDM) announced that three of the Company's channels, The Bob Ross Channel, Comedy Dynamics and So...Real, are included in the launch of NBCUniversal's (CMCSA) new streaming service Peacock. The service is home to thousands of hours of premium content, including curated channels.
Cinedigm reports estimated 34% y-o-y growth in digital content sales in Q1 » 09:2807/1307/13/20
Cinedigm announced that…
Cinedigm announced that Q1 FY 2021 had the strongest fiscal Q1 performance in over five years for digital content sales. Due to the current stay at home environment, which has permanently accelerated the ongoing consumer cord cutting trend to streaming, viewership increased across all platforms and consumer transactions were significantly higher than in the past, the Company reported. The driving force for the digital growth is the digital transactional space with Amazon and Apple leading the charge, according to Cinedigm. Amazon, Apple, Vudu, Google, InDemand EST, Hoopla, Microsoft, Sony and Fandango also generated their strongest performance levels in history with Cinedigm achieving over 60% year-over-year quarterly growth. Additionally, next day air releases such as Hallmark's When Calls the Heart and ITV's Good Witch series achieved strong consumer sales. Cinedigm also enacted various promotional programs in this stay-at-home environment to accelerate sales of our digital catalog business. The promotional programs that led the catalog business to overperform include Spring Sales, Mother's Day, AnimeMay and June Weddings. Uniquely, with kids out of school and parents left to homeschool, Cinedigm content has been a strong player in the educational digital space. Cinedigm has rolled out lucrative, outside the box strategic promotions including digital download activity books, digital bookmarks, and coloring books that coincide with educational content to increase content consumption and engage the platform's audience. Cinedigm's partnership with Hoopla has achieved a Q1 year-over-year growth of 70%, a milestone in the partner relationship. Cinedigm content on Overdrive has attained a Q1 year-over-year growth of 115%, a new benchmark in the history of the partnership. In addition, Cinedigm has executed a new business deal with Kanopy, a college library digital platform. With states increasing their digital library budgets, Cinedigm expects continued success with educational and library platforms, with Cinedigm content at the forefront of partner growth in this space.
|Over a month ago|
Comscore renews agreement with Cinedigm for ondemand essentials » 08:0307/0907/09/20
Comscore (SCOR) announced…
Comscore (SCOR) announced a renewal of its agreement to provide Cinedigm (CIDM) with continued census-level video-on-demand measurement for Cinedigm's transactional on-demand offerings. Under this new multi-year agreement, which comes as new research from Comscore shows an increase in VOD transactions during the COVID-19 pandemic, Cinedigm will continue its long-term use of Comscore OnDemand Essentials to measure and gain an understanding of the consumption of its theatrical video on-demand titles.
Cinedigm initiated with a Speculative Buy at Benchmark » 07:1407/0707/07/20
As previously reported,…
As previously reported, Benchmark analyst Daniel Kurnos initiated coverage of Cinedigm with a Speculative Buy rating and $3.50 price target. He sees Cinedigm having an "under-appreciated, rapidly growing" OTT business turning the profitability corner, a "healthy growing" licensing and digital business, and a "relatively stable" base distribution business. He views Cinedigm as at an inflection point that should "continue to be aided by general market tailwinds," added Kurnos.
Cinedigm initiated with a Speculative Buy at Benchmark » 06:5407/0707/07/20
Benchmark initiated coverage of Cinedigm with a Speculative Buy rating and $3.50 price target.
Cinedigm files $75M mixed securities shelf 17:1907/0607/06/20
LiveXLive Media partners with Cinedigm to launch branded streaming channel » 09:2006/3006/30/20
LiveXLive Media (LIVX)…
LiveXLive Media (LIVX) announced that it will launch a new streaming OTT LiveXLive-branded channel for U.S. and international audiences in partnership with Cinedigm (CIDM). Cinedigm will secure international licensing and distribution of the channel on LiveXLive's behalf. Since the beginning of 2020, Cinedigm has entered partnerships that have dramatically increased addressable device footprint to an estimated 330 million in North America, and an estimated additional 365 million overseas. LiveXLive has retained the U.S. and international first sales rights for advertising on LiveXLive's channel, which will feature original shows like LiveZone, and has the option to acquire content from Cinedigm's library of more than 30,000 digital film and television episodes to air on the channel. Additionally, Cinedigm will provide access to additional advertising inventory to LiveXLive across Cinedigm's portfolio of fifteen ad-supported streaming networks.