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Hot Stocks
Cinedigm reaches new distribution agreement with Samsung » 10:45
11/09/22
11/09
10:45
11/09/22
10:45
CIDM

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Samsung

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Cinedigm Corp. (CIDM)…

Cinedigm Corp. (CIDM) announced that it has reached a new distribution agreement with Samsung (SSNLF) that expands the reach of Cinedigm's flagship streaming service Cineverse to Samsung Smart TV users via the app store.

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SSNLF Samsung
$40.60 /

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CIDM Cinedigm
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SSNLF Samsung
$40.60 /

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08/22/22 Loop Capital
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Qualcomm price target raised to $220 from $200 at KeyBanc
SSNLF Samsung
$40.60 /

+ (+0.00%)

CIDM Cinedigm
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SSNLF Samsung
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SSNLF Samsung
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Over a month ago
Hot Stocks
Cinedigm debuts Cineverse streaming service » 09:23
09/15/22
09/15
09:23
09/15/22
09:23
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Cinedigm unveiled its…

Cinedigm unveiled its new, flagship streaming service - Cineverse. Available today at cineverse.com, and across iOS, Android and Roku apps, Cineverse plans to offer the world's largest streaming film & television library and will leverage next-generation technology to make it fun, easy and intuitive for users to stream their passions. The Company plans on expanding application support for all major Connected TV platforms in the coming months, with Samsung, Amazon Fire TV, Vizio, LG, Apple TV, and Android TV apps coming to market over the next quarter. Next-generation search features are currently in development and will debut in the coming months. Additionally, the Company has plans to rapidly expand consumer reach by distributing Cineverse on a white-label basis to Hardware OEMs, Telcos, Cable Providers, Theatrical Exhibitors and Retailers.

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Hot Stocks
Cinedigm announces deal with Vidgo to expand Cineverse distribution » 10:02
09/14/22
09/14
10:02
09/14/22
10:02
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Cinedigm announced a new…

Cinedigm announced a new deal with Vidgo, which it said will become "the first virtual MVPD to agree to distribute Cinedigm's flagship streaming service, Cineverse, which will feature a lineup of free ad-supported streaming television channels plus thousands of films and TV series on demand." Vidgo plans to launch Cineverse this Fall, Cinedigm stated.

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Hot Stocks
Cinedigm partners with Katch to integrate Genomic Data into Cineverse » 10:11
09/08/22
09/08
10:11
09/08/22
10:11
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Cinedigm announced that…

Cinedigm announced that the Company is partnering with Katch to integrate its unique Genomic Data into Cinedigm's forthcoming, flagship streaming service, Cineverse. The company said, "Much like how Pandora changed the way millions of people discover music, Cineverse will be among the first to enhance content discovery by utilizing an extensive metadata classification system to categorize film and television series via Katch's proprietary set of Universal Genomic Traits that account for tone, character arcs, mood, context and thematic nature, among many other qualitative traits."

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Over a quarter ago
Earnings
Cinedigm backs long-term target of at least 50% streaming revenue growth » 17:05
08/15/22
08/15
17:05
08/15/22
17:05
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Backs long-term view of…

Backs long-term view of growing annual revenue to $150M.

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Earnings
Cinedigm reports Q1 EPS (3c), two estimates (3c) » 17:04
08/15/22
08/15
17:04
08/15/22
17:04
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Reports Q1 revenue…

Reports Q1 revenue $13.6M, two estimates $11.17M. "Our strong business momentum continues with total streaming revenue surging up 98% in our fiscal first quarter, almost doubling our long-term revenue growth target and exceeding our internal plan," said Chris McGurk, Chairman and CEO of Cinedigm. "Even more impressive, on a two-year basis our streaming revenues were up 455% in the quarter. We continue to see massive growth in our advertising-supported (AVOD and FAST) streaming revenues, which increased 131% versus last year. Our diverse portfolio of 30 targeted enthusiast streaming channels, partnered with over 60 major advertising demand partners who bid on our ad inventory, now includes 15 owned and operated channels such as Fandor, Screambox and The Dove Channel, and several premium third-party branded channels such as The Bob Ross Channel, The Elvis Presley Channel and Real Madrid TV. This broad, diversified channel portfolio is not only driving continued strong results but is also mitigating risk, setting us apart from almost every other player in the fast-growing content streaming business, who are all mostly dependent on a single streaming channel or revenue model for success."

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Hot Stocks
Cinedigm acquires 'Roy's World: Barry Gifford's Chicago' documentary » 10:01
08/05/22
08/05
10:01
08/05/22
10:01
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Cinedigm has acquired all…

Cinedigm has acquired all North American rights to the documentary Roy's World: Barry Gifford's Chicago, about the life of cult author and David Lynch collaborator Barry Gifford. After premiering at the Glasgow Film Festival before screening all over the world, Roy's World premieres on transactional video on demand and on Cinedigm's indie discovery platform Fandor on October 18.

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Hot Stocks
Cinedigm surpasses 20M social media subscribers, followers » 10:03
07/21/22
07/21
10:03
07/21/22
10:03
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Cinedigm announced that…

Cinedigm announced that its unwavering approach to this consumer strategy has resulted in its surpassing the 20 million subscriber/follower mark across YouTube and Facebook. In turn, the company also disclosed that it generated 552MM minutes viewed and a total of 304MM video views on social media during the first quarter of 2022.

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08/02/21 Alliance Global Partners
Cinedigm price target raised to $3.25 from $3.00 at Alliance Global Partners
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Hot Stocks
Cinedigm sees $7.5M annual cost savings following streamlining this year » 09:30
07/12/22
07/12
09:30
07/12/22
09:30
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Cinedigm released…

Cinedigm released comments by Chairman and CEO Chris McGurk highlighting the Company's positive business momentum, growth trajectory, financial targets and plan for sustainable profitability and positive cash flow by the fiscal fourth quarter, ending March 31, 2023. The letter read in part, "I believe it is important, following the recent release of Cinedigm's outstanding business and financial performance for the quarter and fiscal year ended March 31, 2022, to reach out to our shareholders to underscore that our go-forward growth prospects and business momentum are more positive than ever and that the Company is rapidly moving to a position of sustainable profitability and positive cash flow by the fourth quarter of this current fiscal year, ending March 31, 2023. I want to reiterate how our vastly increased scale, following seven key roll-up acquisitions and a multi-year investment program in technology, streaming channels and content, has enabled Cinedigm to become an increasingly impactful player in the streaming content and technology business, and has set the stage for the Company to launch four key internal growth initiatives. We expect these initiatives, along with international business expansion, to generate incremental annual high margin revenues of over $50 million at steady state, with only minor added investment. In addition, the synergies and scale benefits from recently acquired assets will enable us to dramatically streamline our cost structure. We expect to generate at least $7.5 million in annual cost savings when we complete our streamlining this year...To conclude, while the markets have been extremely challenging over the last several months, Cinedigm is in the strongest position ever to continue to build a high growth, profitable and cash flow positive business that should reward shareholders who have a long-term perspective with significant growth in value. With the tremendous results we reported this last fiscal year, the continued rapid growth in our streaming revenues and metrics that continue in this current first fiscal quarter, and with our four new high-margin internal initiatives rolling out, the Cinedigm team is more confident than ever that our business and financial momentum will continue in fiscal 2023 and for years to come as we work toward our goal of sustained profitability this year and achieving a $150 million revenue in 2-4 years' time."

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08/02/21 Alliance Global Partners
Cinedigm price target raised to $3.25 from $3.00 at Alliance Global Partners
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Hot Stocks
Cinedigm CEO comments on business, issue with Nasdaq minimum bid requirement » 09:26
07/12/22
07/12
09:26
07/12/22
09:26
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Cinedigm released…

Cinedigm released comments by Chairman and CEO Chris McGurk highlighting the Company's positive business momentum, growth trajectory, financial targets and plan for sustainable profitability and positive cash flow by the fiscal fourth quarter, ending March 31. "This follows the recent reporting of very strong across-the-board financial results for the quarter and full 2022 fiscal year which ended March 31...I believe it is important, following the recent release of Cinedigm's outstanding business and financial performance for the quarter and fiscal year ended March 31, 2022, to reach out to our shareholders to underscore that our go-forward growth prospects and business momentum are more positive than ever and that the Company is rapidly moving to a position of sustainable profitability and positive cash flow by the fourth quarter of this current fiscal year, ending March 31...I would also like to clarify our position on the Company's current market valuation, particularly as it applies to a potential stock-buyback program or a potential reverse split, two issues that I know interest our shareholders. Clearly, macroeconomic and geopolitical issues have severely depressed the equity markets across the board, especially in our sector. As a large shareholder who has purchased several hundred thousand Cinedigm shares over the years at a weighted average share price well above $1.50, I understand the frustration that all our shareholders are feeling, particularly since our business and financial performance has been and is expected to continue to be outstanding. As I mentioned on the earnings call, given the significant discount on our current stock price, the Board is considering a stock buyback program. We will update shareholders as soon as we can regarding any decision in that arena. Additionally, regarding the NASDAQ listing minimum $1 per share bid requirement, we believe our best course of action is to keep over-performing and educating investors about our positive business narrative and results. Getting the stock price back up above $1 per share."

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08/02/21 Alliance Global Partners
Cinedigm price target raised to $3.25 from $3.00 at Alliance Global Partners
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