Cinedigm (NASDAQ:CIDM) has appointed Team Whistle as the exclusive direct ad sales agent for its ad-supported OTT networks. This partnership enables Team Whistle to utilize its award-winning ad sales team to monetize campaigns across Cinedigm’s channels, enhancing content alignment for key audience demographics. With a projected OTT ad market exceeding $11B in 2021, this collaboration aims to meet the growing demands of major advertisers. Cinedigm currently operates over 12 live channels and reaches more than 900 million connected devices globally.
Cinedigm (NASDAQ:CIDM) has partnered with TCL to launch its streaming channels on TCL's new linear service for select TVs in North America, set to debut on February 10, 2021. This collaboration aims to enhance the accessibility of Cinedigm's channels, which include popular titles like BAMBU, Bloody Disgusting, and The Bob Ross Channel. With TCL being the second largest TV brand in the U.S., this partnership is seen as a strategic move to significantly expand Cinedigm's viewer base, thus bolstering its market presence.
Cinedigm Corp. (CIDM) announced the exchange of its second lien notes for shares of its common stock, reducing its debt by $2.4 million. This move decreases the second lien note balance to approximately $3.7 million, a 68% reduction from the original $11.3 million. Since December 31, 2019, Cinedigm has reduced overall debt by $31.3 million, or 61%. The company aims to strengthen its balance sheet and continue its streaming strategy, as stated by President Gary Loffredo.
Cinedigm (NASDAQ:CIDM) has launched All3Media's streaming channel SO... REAL on the Roku platform. This free, ad-supported app provides American viewers with access to a curated collection of British and Australian reality TV content. The app utilizes Cinedigm's proprietary Matchpoint Blueprint, enhancing user experience. This initiative reflects Cinedigm's commitment to tapping into the growing free ad-supported television market amidst declining traditional cable subscriptions. The content includes popular series like 'Gordon Behind Bars' and 'The Only Way is Essex.'
Cinedigm (NASDAQ:CIDM) has launched The Bob Ross Channel app on VIZIO SmartCast, now available for free as an ad-supported video-on-demand service. This app provides access to approximately 380 episodes of The Joy of Painting, along with themed screensavers. Bob Ross remains popular, with millions of followers and extensive viewership on streaming platforms. Cinedigm aims to leverage this success in the free ad-supported television market, expanding the channel's reach to millions of households through VIZIO's platform.
Cinedigm (NASDAQ:CIDM) has acquired Fandor, a leading independent film streaming service, tapping into the $4.8 billion independent film market. Fandor, known for its extensive catalog of over 4,600 film titles, aims to reach seven-figure subscriber levels in the next 24-30 months. Cinedigm plans to enhance Fandor's offerings, relaunch apps, and introduce a free ad-supported tier. This acquisition strengthens Cinedigm's position in independent film streaming, leveraging its technology and global distribution across over 900 million devices.
Cinedigm (NASDAQ:CIDM) announced key promotions as part of its strategy to enhance growth in the digital streaming sector. Gary Loffredo has been named President while retaining his roles as COO and General Counsel. Erick Opeka now serves as Chief Strategy Officer in addition to his position as President of Digital Networks, and Yolanda Macias ascends to Chief Content Officer. These leadership changes aim to leverage substantial growth across Cinedigm's ad-based channels and content licensing. The strengthened team is expected to drive operational and strategic growth as the company capitalizes on emerging trends in streaming.
Cinedigm (NASDAQ:CIDM) has launched two of its streaming channels, CONtv Anime and MyTime Movie Network, on VIZIO SmartCast televisions. This partnership aims to deliver high-quality, free entertainment to a vast audience, reaching millions of viewers. MyTime Movie Network features a curated library for women, while CONtv Anime caters to anime fans with acclaimed series and films. Cinedigm’s General Manager noted the significant potential for growth in the streaming sector through this collaboration with VIZIO.
Cinedigm has successfully acquired The Film Detective, a notable distributor of classic film and television content, enhancing its streaming portfolio by adding 3,000 titles and approximately 10,000 individual episodes.
This strategic acquisition aims to expand distribution through Cinedigm's advanced technology and vast network of over 820 million consumer devices. The Film Detective will retain its independence under CEO Philip Hopkins, focusing on acquiring quality content while benefiting from Cinedigm's resources.
Cinedigm (NASDAQ:CIDM) has launched The Bob Ross Channel on the Roku platform, providing viewers access to all 31 seasons of The Joy of Painting, featuring around 380 episodes. The channel utilizes Cinedigm's Matchpoint Blueprint for app development. The service is part of Cinedigm's strategy to expand in the free ad-supported television market, capitalizing on the decline of traditional cable. The brand's popularity is evident, with millions of followers and high viewership on platforms like Twitch and YouTube.