Cinedigm (NASDAQ:CIDM) announced the appointment of Supriyo Mookherjee as Chief Operating Officer of Cinedigm India. This move follows the acquisition of FoundationTV, enhancing Cinedigm's capabilities in the streaming market. Mookherjee aims to position the company as a key player in content distribution across India and South East Asia, focusing on AVOD, SVOD, and FAST services. His extensive experience includes significant roles in media technology and broadcasting, which are expected to drive Cinedigm's expansion in the growing OTT industry.
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Cinedigm (NASDAQ:CIDM) announced the acquisition of FoundationTV, a video streaming technology provider based in India, aimed at enhancing its global streaming services. The integration will form a new division, Cinedigm India, focusing on advanced streaming technology and targeting the South Asian market, which boasts approximately 800 million monthly users. This strategic move is anticipated to boost earnings within a year due to cost savings and new revenue streams. FoundationTV’s expertise positions Cinedigm to compete effectively in the rapidly expanding streaming sector.
Cinedigm (NASDAQ: CIDM) announces a summer celebration of drive-in classics through its platform, The Film Detective. The line-up includes marathons featuring the films of Roger Corman and various double-feature presentations every Friday. Viewers can access new HD restorations, including The Wasp Woman and Beast from Haunted Cave. Highlights include a special edition Blu-ray of Flight to Mars and a documentary titled Going Attractions. The Film Detective app enables streaming of over 3,000 hours of classic films on multiple platforms.
Cinedigm (CIDM) reported robust growth in its Dove Channel for April, highlighting a more than 85% increase in minutes viewed and a 72% rise in total users year-over-year. This surge indicates strong consumer demand for family-friendly content amidst the ongoing trend of cord-cutting. Dove Channel features a range of programming, including films and series that cater to all ages. The Company is committed to enhancing viewer experience and accessibility through strategic partnerships as it expands its content offerings.
MonteCristo International Entertainment, a subsidiary of Broadside Enterprises (OTC:BRSE), has signed a distribution agreement with Cinedigm (NASDAQ:CIDM) to stream its independent films worldwide. CEO Michael Taverna highlighted the reach of Cinedigm, expecting extensive consumer engagement. Josh Thomashow from Cinedigm recognized the quality of MonteCristo's films and the potential to enhance their streaming offerings. This collaboration aims to introduce a variety of new entertainment to audiences globally.
Cinedigm (NASDAQ: CIDM) has announced a partnership with Struum, a new streaming service designed to streamline content discovery. A preview of Struum is currently available on iOS, Chromecast, and the web, with a full launch scheduled for summer across multiple platforms. Cinedigm will feature popular channels, including Dove Channel, Docurama, CONtv, and SoReal, offering a range of family-friendly, documentary, and reality content. Struum utilizes a unique credit-based subscription model, simplifying access to diverse programming for viewers.
Cinedigm (NASDAQ:CIDM) announced the addition of the popular anime brand Yu-Gi-Oh! to Pluto TV's newly launched category, Pluto TV en español, which includes over 40 Spanish-language channels. This expansion aims to cater to a growing audience, providing all five seasons of the original Yu-Gi-Oh! series and season one of Yu-Gi-Oh! VRAINS. The partnership enhances Pluto TV's offerings, now totaling 20,000 hours of content, while Yu-Gi-Oh! maintains its status as a leading franchise with over 900 anime episodes and 25.1 billion trading cards sold globally.
Cinedigm (NASDAQ:CIDM) announced a remarkable 39% year-over-year subscriber growth for its streaming service, Fandor, since its acquisition in January 2021. The growth stems from an expanding library of independent films and documentaries. Additionally, nearly 100 new titles have been added, with plans to include hundreds more, including from the newly acquired Films Around the World library. Future initiatives include launching The Fandor Channel and an NFT-based film label, Fandor Selects™, aiming to enhance the independent cinema experience.
Cinedigm (NASDAQ:CIDM) announced the launch of four new streaming channels on Local Now: The Film Detective, Lonestar, Bloody Disgusting TV, and Whistle TV. This expansion aims to cater to niche audiences with genres like Horror, Westerns, Sports, and Classic Cinema. The Film Detective offers a vast library of nearly 13,000 episodes, while Bloody Disgusting TV boasts 450 Horror films and 160+ hours of original content. The partnership with Local Now enhances its offerings across 225 markets in the U.S., providing diverse content to a growing streaming audience.