Cinedigm (NASDAQ: CIDM) announced the launch of three free ad-supported streaming television (FAST) channels on Amazon Freevee: RetroCrush, The Dove Channel, and Docurama. This expansion allows viewers access to content genres ranging from classic anime to family-friendly films and award-winning documentaries. RetroCrush features over 100 anime series and 40 feature films from the 70s to 90s, while The Dove Channel offers uplifting programming suitable for families. Docurama presents compelling documentaries, including titles like Secrets of the Universe and Beatles: How the Beatles Changed the World. The channels previously had success with their linear apps and social media presence, marking a significant growth opportunity for Cinedigm.
Cinedigm has acquired all North American rights to the horror film New Religion, which premiered at the Slamdance Film Festival and was nominated for Best Narrative Feature. Directed by Keishi Kondo, the film explores a mother's connection with her deceased daughter through unsettling encounters with a client. Cinedigm plans to release New Religion as a SCREAMBOX Original later this year. The film garnered positive reviews at international festivals, highlighting Kondo's ambitious storytelling and unique cinematography. This acquisition is expected to enhance Cinedigm's horror offerings on its streaming platform, SCREAMBOX.
Cinedigm Corp. (NASDAQ: CIDM) has partnered with Valossa Labs OY to enhance its flagship streaming service, Cineverse, through advanced video AI technology. This innovation leverages Valossa's Autopreview™ system, which automates content preview creation, improving the user experience and engagement across Cineverse's extensive library of over 20,000 titles. Cinedigm aims to become the 'Spotify of Independent Film,' focusing on innovative content discovery and targeted advertising. This partnership underscores Cinedigm's commitment to integrating cutting-edge technologies and expanding its global market reach while enhancing viewer engagement.
Cinedigm (NASDAQ: CIDM) announced its new scripted supernatural thriller podcast Demon Squad, set to launch this fall. Created by Tony DeRosa-Grund, who also produced The Conjuring, the podcast will consist of 12 weekly episodes, exploring true events from a real-life NYPD task force known as the 'Demon Squad' from the 1970s. The initiative aims to enrich the Cinedigm Podcast Network, which already boasts over 4 million monthly downloads across various horror series, including the highly popular Creepy. This collaboration marks a strategic move to enhance Cinedigm’s offerings in the horror and true crime genres.
Cinedigm has acquired the US rights to the Japanese remake of the cult classic CUBE, originally released in 1997. This new version, directed by Yasuhiko Shimizu, will be available on SCREAMBOX, the company’s horror streaming platform, starting April 11, 2023. The remake has already grossed approximately $2.5 million internationally. The original film was effective enough to lead to sequels and is recognized for its innovative storytelling. The acquisition aims to enhance SCREAMBOX's content library for horror fans. The deal was facilitated by Cinedigm's Director of Acquisitions, Brandon Hill, and Shochiku Co, LTD’s Meri Koyama.
Cinedigm has acquired all North American rights to the horror film The Ancestral from director Le-Van Kiet, known for The Requin. The film will premiere later in 2023 on Cinedigm's horror streaming platform, SCREAMBOX, as a SCREAMBOX Original. The Ancestral tells the unsettling story of a widower and his daughters facing sleep paralysis in a historic family home. The film was a box-office success in Vietnam, topping charts for two weekends. Cinedigm aims to capitalize on the growing demand for Asian horror content in the U.S. The acquisition was negotiated by Cinedigm's Brandon Hill and WME Independent for Blue Lantern LLC.
Cinedigm Corp. (NASDAQ: CIDM) has expanded its partnership with SLING TV by adding three new FAST channels: Midnight Pulp, The Country Network, and AsianCrush to the Sling Freestream service. This brings Cinedigm's total number of channels on Sling Freestream to over a dozen, enhancing the platform's diverse offerings. Cinedigm's channels cater to niche audiences, showcasing genres like cult movies, country music, and pan-Asian entertainment. This development is expected to attract consumer interest and enhance advertising opportunities for Cinedigm.
Cinedigm (NASDAQ: CIDM) has announced a partnership with FUBU's founder, J. Alexander Martin, to launch the For Us By Us Network, focused on content for the African American community. The new AVOD service will leverage Cinedigm's Matchpoint technology platform to deliver authentic movies and shows around hip-hop culture. With only 34 FAST channels targeting African Americans, this partnership aims to fill a significant gap in the market. The Network will be accessible across various platforms, allowing rapid expansion into the U.S. and emerging markets.
Cinedigm Corp (NASDAQ: CIDM) has announced a stock repurchase program allowing for the buyback of up to 10 million shares over the next year, reflecting the Board’s confidence in the company's financial health and future. The company reports strong cash flow with essentially no debt, supporting this investment strategy. Additionally, Cinedigm has acquired Dove.org and Christian Cinema, expanding its portfolio in the faith and family media sector, which is projected to grow significantly. The company aims for over 50% annual streaming revenue growth and to reach $150 million in annual revenues within 2-4 years, bolstered by its proprietary Matchpoint technology.
Cinedigm Corp. (CIDM) has partnered with Vidgo to enhance its streaming services, integrating over 10,000 new titles into Vidgo's library. This partnership increases Vidgo's content to over 40,000 on-demand shows, along with access to more than 150 live channels featuring sports, news, and entertainment. Vidgo offers various subscription plans starting from $39.95 with packages tailored for different viewer preferences, including extensive Spanish-language content. Both companies see this integration as a way to deliver greater value and accessibility to audiences, reinforcing Cinedigm’s position as a leader in the streaming industry.