CIDM news 1/19/2021

 Cinedigm Acquires Fandor, The 'Leading Global Independent Film Subscription Streaming Service'

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CIDM

Cinedigm Acquires Fandor(R), the Leading Global Independent Film Subscription Streaming Service

LOS ANGELES, CA / ACCESSWIRE / January 19, 2021 /Cinedigm (NASDAQ:CIDM) announced today that the Company has acquired Fandor®, the leading global independent film subscription streaming service with the largest collection of independent films, documentaries, and international features in the market.

Called "The Netflix for Indie Film" by The Wall Street Journal and "A streaming rabbit hole worth falling down" by The New York Times, Fandor® has been delighting film-loving audiences around the world for more than a decade, with its catalog of over 4,600 film titles from more than 400 global and diverse partner film companies. Fandor's acclaimed film offerings range from high-quality studio classics to festival favorites to essential award-winning foreign cinema features.

Tapping into the $4.8 billion-dollar global market for independent film, Cinedigm plans to leverage its substantial content library, technology, engineering and distribution capabilities to rapidly expand Fandor's content offering, relaunch the service's apps and dramatically expand distribution to Cinedigm's global footprint of over 900 million connected devices. The Company anticipates the service could reach seven figure subscriber levels within the next 24-30 months with a focus on rapid global expansion and distribution. Cinedigm will continue to offer the service ad-free, but also plans to offer a free, ad-supported on-demand tier as well as a linear streaming channel to further broaden the service's reach to audiences of all viewing preferences.

Cinedigm plans to heavily draw from a pool of more than 7,000 relevant film titles in its library, including thousands of classic, cult and foreign titles from streaming service The Film Detective, which it acquired in December 2020. The Company also plans on ramping up new and existing content partnerships with distribution partners from around the globe to make Fandor the preeminent destination for emerging global voices. The Company also plans to relaunch Keyframe, Fandor's web and video-based publication dedicated to covering the art of cinema. Phil Hopkins, President of Cinedigm's Film Detective division and life-long cinephile, will oversee Fandor and Keyframe, with the goal of relaunching the service in the coming quarter.

"This acquisition of Fandor, coming on the heels of our Film Detective acquisition, solidifies Cinedigm's position as the leading global streaming company for independent films," said Chris McGurk, Cinedigm Chairman and CEO. "As a key element of our recently announced streaming rollup strategy, Fandor will immediately benefit from our streaming distribution muscle, huge library of independent films, Matchpoint technology, cost savings and infrastructure and synergies with our wide portfolio of enthusiast streaming channels. We fully expect an immediate EBITDA uplift from Fandor and strong revenue and profit growth going forward."

"The paradox of the streaming revolution is that it has never been harder to discover classic, essential and new independent and foreign films," said Erick Opeka, Chief Strategy Officer and President of Cinedigm Networks. "The founders of Fandor had the right idea, launching very early in the streaming growth cycle while still establishing a strong and resilient brand and viewer base. Our mission at Cinedigm is to enable viewers, including independent film enthusiasts, to stream their passions, and I can't think of a streaming service that is truer to our mission than Fandor."

"The opportunity to leverage Fandor's passionate community of independent film enthusiasts will be integral in the service's growth," said Phil Hopkins, President of The Film Detective. "Being able to communicate and collaborate with this community of content creators, bloggers, and editorial writers will allow us to significantly expand Fandor into the global focal point for streaming independent films, documentaries, classics and foreign films."

The Film Detective service trailer can be seen here: https://vimeo.com/189045960

Artwork can be found here: https://www.fandor.com/company/media_kit

Media Consultant Charles Theiss assisted on this transaction. Charles has more than 30 years of professional media experience, serving in key senior executive management positions and advisory roles with well-known legacy and digital brands.

ABOUTâ?¯CINEDIGMFor more than twenty years, Cinedigm (NASDAQ:CIDM) has led the digital transformation of the entertainment industry. Today, Cinedigm entertains hundreds of millions of consumers around the globe by providing premium content, streaming channels and technology services to the world's largest media, technology and retail companies. For more information, visit http://www.cinedigm.com/.

Cinedigm uses, and will continue to use, its website, press releases, SEC filings, and various social media channels, including Twitter (https://twitter.com/cinedigm), LinkedIn (https://www.linkedin.com/company/cinedigm/), Facebook (facebook.com/Cinedigm), StockTwits (https://stocktwits.com/CinedigmCorp) and the Company website (www.cinedigm.com) as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases, SEC filings, and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releases, SEC filings and on the social media channels identified above, as such information could be deemed to be material information.

ABOUT FANDORFandor streams thousands of handpicked, award-winning movies from around the world. With dozens of genres that include Hollywood classics, undiscovered gems, and the latest festival favorites, Fandor provides curated entertainment and original editorial content on desktop, iOS, Android, Roku, Apple TV, Chromecast, Amazon Prime, and throughout social media. With a rapidly expanding library and innovative partnerships, Fandor's goal is to captivate and inspire a global community of movie lovers. Learn more at http://www.Fandor.com.

Press Contact for CIDM:Jill Calcaterra310-466-5135jcalcaterra@cinedigm.com

SOURCE: Cinedigm Corp.

View source version on accesswire.com:https://www.accesswire.com/624769/Cinedigm-Acquires-FandorR-the-Leading-Global-Independent-Film-Subscription-Streaming-Service

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

CIDM whats cidm doing ?

 Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States, Canada, and New Zealand. The company operates through two segments, Cinema Equipment Business and Content and Entertainment Business. It manages a library of distribution rights to various titles and episodes released across digital, physical, and home and mobile entertainment platforms, as well as services digital cinema assets on approximately 12,000 domestic and foreign movie screens. The company distributes its products for various brands, such as Hallmark, Televisa, ITV, Nelvana, ZDF, Shout! Factory, NFL, NHL and Scholastic, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers. It also collaborates with producers, various brands, and other content owners to market, source, curate, and distribute content to targeted audiences through existing and emerging digital home entertainment platforms, including Apple, Amazon Prime, Netflix, Hulu, Xbox, PlayStation, Sony, and cable/satellite video-on-demand; and 

distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 60,000 brick and mortar storefronts, including Walmart, Target, Best Buy, and Amazon. 

In addition, the company operates various branded and curated over-the-top (OTT) entertainment channels, including Docurama, CONtv, and Dove Channel; and Matchpoint, a software-as-a-service platform to automate the distribution of streaming content and OTT channels.  

Cinedigm Corp. has a strategic alliance with Starrise Media Holdings Limited to release films in China theatrically and to digital platforms. 

 The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. 

3.3 Analyst's Opinion

• Consensus Rating

  Cinedigm has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

• Price Target Upside/Downside

  According to analysts' consensus price target of $2.75, Cinedigm has a forecasted upside of 257.1% from its current price of $0.77.

 

 Cinedigm Corp. was founded in 2000 and is headquartered in New York, New York.

Cinedigm Reports Partnership With Spherex To Expand Int'l. Content Distribution Capabilities, No Terms Disclosed

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Cinedigm Reports Partnership With Spherex To Expand Int'l. Content Distribution Capabilities, No Terms Disclosed

Today 9:37 AM ET (Benzinga)Print

 Spherex, a global entertainment technology and data company, announced today a strategic partnership with Cinedigm (NASDAQ:CIDM) to accelerate Cinedigm's international expansion. The companies are partnering on global content localization and compliance, deploying Spherex's AI and machine learning capabilities.

As part of Cinedigm's ongoing efforts to monetize its extensive digital content catalog, the company has selected Spherex to utilize its technology and expertise to ensure its video assets and metadata are compliant with international regulations for content age ratings and optimized to adhere to prevailing cultural norms and practices across a wide range of international territories.

Through an integration with its proprietary Matchpoint® platform, Cinedigm is tapping into Spherex's industry-leading global metadata solution to adapt its digital content across a growing number of subscription video on demand (SVOD), advertising-based video on demand (AVOD) and Smart TV streaming platforms worldwide.

"We are excited to leverage Spherex's expertise in local market sensibilities and to utilize their AI technology to help pave our expansion into international markets," said Tony Huidor, General Manager of Cinedigm Networks. "Having an assurance that our digital content is compliant with best practices and territorial laws around age-rating and cultural norms is critical to the success of our video streaming services and aids consumers in their search and discovery of our channels."

"Helping companies navigate the complicated and treacherous international landscape is at the very core of our business," said Spherex CEO Teresa Phillips. "Cinedigm's rapid international expansion requires an expertise that combines technology and localization know-how."

2-2-2: Spherex-Cinedigm

As content explodes worldwide, Spherex is building a gold standard to track, monitor, customize and monetize IP as it is licensed around the world and across platforms. Using its AI technology, the team at Spherex will work with Cinedigm to guide their international licensing and enable them to geo-adapt content and references to match the cultural sentiment in targeted countries.

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cinedigm forecast

 Cinedigm 

Do Wall Street analysts recommend investors buy shares of Cinedigm?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cinedigm in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." 

Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States, Canada, and New Zealand. The company operates through two segments, Cinema Equipment Business and Content and Entertainment Business. It manages a library of distribution rights to various titles and episodes released across digital, physical, and home and mobile entertainment platforms, as well as services digital cinema assets on approximately 12,000 domestic and foreign movie screens. The company distributes its products for various brands, such as Hallmark, Televisa, ITV, Nelvana, ZDF, Shout! Factory, NFL, NHL and Scholastic, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers. It also collaborates with producers, various brands, and other content owners to market, source, curate, and distribute content to targeted audiences through existing and emerging digital home entertainment platforms, including Apple, Amazon Prime, Netflix, Hulu, Xbox, PlayStation, Sony, and cable/satellite video-on-demand; and distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 60,000 brick and mortar storefronts, including Walmart, Target, Best Buy, and Amazon. In addition, the company operates various branded and curated over-the-top (OTT) entertainment channels, including Docurama, CONtv, and Dove Channel; and Matchpoint, a software-as-a-service platform to automate the distribution of streaming content and OTT channels. Cinedigm Corp. has a strategic alliance with Starrise Media Holdings Limited to release films in China theatrically and to digital platforms. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was founded in 2000 and is headquartered in New York, New York.Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States, Canada, and New Zealand.

 The company operates through two segments, Cinema Equipment Business and Content and Entertainment Business. 

It manages a library of distribution rights to various titles and 

episodes released across digital,

 physical, and

 home and mobile entertainment platforms, 

as well as services digital cinema assets on approximately 12,000 domestic and foreign movie screens.

 The company distributes its products for various brands, such as Hallmark, Televisa, ITV, Nelvana, ZDF, Shout! Factory, NFL, NHL and Scholastic, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers. 

It also collaborates with producers, various brands, and other content owners to market, source, curate, and distribute content to targeted audiences through existing and emerging digital home entertainment platforms, including Apple, Amazon Prime, Netflix, Hulu, Xbox, PlayStation, Sony, and cable/satellite video-on-demand; and distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 60,000 brick and mortar storefronts, including Walmart, Target, Best Buy, and Amazon. In addition, the company operates various branded and curated over-the-top (OTT) entertainment channels, including Docurama, CONtv, and Dove Channel; and Matchpoint, a software-as-a-service platform to automate the distribution of streaming content and OTT channels. Cinedigm Corp. has a strategic alliance with Starrise Media Holdings Limited to release films in China theatrically and to digital platforms. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was founded in 2000 and is headquartered in New York, New York.

Cinedigm -CIDM

Cinedigm Corp. (NASDAQ: CIDM) has always been considered a speculative stock among the movies, content and video segment.

https://wallmine.com/nasdaq/cidm

 Despite some major ongoing woes in the movie theater business and in the media business as a whole around the COVID-19 pandemic and around the recession that came from it, Cinedigm may have just given the company and its shareholders a new life in a deal that includes Amazon.com Inc. (NASDAQ: AMZN) via IMDb TV.

 The company may have also just created some serious bad blood for investors with a capital raise.

As with all small-cap and micro-cap companies making major media announcements, the question of how it will see revenues rise is likely to come into play. 

Some investors and speculators may question how much of a boost Cinedigm can expect to its revenues, and a strategy of a capital raise may bring additional questions on top of a history of declining revenues. 

Other investors and speculators may believe that any platform expansion may be the best thing that could ever happen.

IMDb TV is still a free streaming video service. Cinedigm indicated that it has thousands of premium movies and TV shows and is available as an app on Fire TV and as a free channel within the Prime Video and IMDb apps across hundreds of devices.

Cinedigm shares rose exponentially on the news, but the company also took the massive rise as an opportunity to raise capital to the tune of $8 million. The company is selling 10,666,666 shares of its own common shares at $0.75 per share. The sale is via a registered direct offering priced at-the-market under Nasdaq rules, and the sale is expected to close on May 22.

This company has also seen a less than impressive pattern of revenues from operations in recent years, and it has nothing to do with the recession. 

In Fiscal Year 2019 (ending in March), its revenues were only $53.53 million. That was down from $67.68 million in 2018 and down from $90.39 million in 2017.

Cinedigm was once given massive analyst upside in a research call from Macquarie in recent years, but the stock has remained in the realm of micro-caps.

Cinedigm shares had risen more than 300% to as high as $2.63 on Wednesday, but the news of the offering and the steep discount based on the highs had taken the stock all the way back down to $2.09 late in the day and then down to $1.27 as of the closing bell.

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Cinedigm’s stock faced multiple trading halts based on the share price gains on Wednesday, and it had traded nearly 81 million shares even before the market’s close. This stock was just at $0.62 as of Tuesday’s previous close, and its 52-week trading range had been $0.25 to $2.03 ahead of this news.

For further history, Cinedigm had been more than $8 in its stock price about 5 years ago and its shares were exponentially higher back before the Great Recession more than a decade ago.

 

CIDM forecast

 The 2 analysts offering 12-month price forecasts for Cinedigm Corp have a median target of 2.75, with a high estimate of 3.50 and a low estimate of 2.00.

 The median estimate represents a +428.85% increase from the last price of 0.52.

The 2 analysts offering 12-month price forecasts for Cinedigm Corp have a median target of 2.75, with a high estimate of 3.50 and a low estimate of 2.00. The median estimate represents a +298.49% increase from the last price of 0.69. CNN Business 

Cinedigm's stock was trading at $0.3848 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CIDM stock has increased by 81.5% and is now trading at $0.6985.(as of 12/05/2020 December)  rising from 0.52 on 12/03/2020 after streaming.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cinedigm in the last year.

 There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."

Wall Street analysts have given Cinedigm a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. 

MarketBeat just released five new trading ideas, but Cinedigm wasn't one of them.

MarketBeat thinks these five stocks may be even better buys.

Cinedigm Corp - Class A stock forecast, CIDM price prediction: Buy or sell Cinedigm Corp. shares?

by Gov Capital

CIDM Price is 0.700 USD today.

1 year Cinedigm Corp - Class A Forecast: 1.156288 *

5 year Cinedigm Corp - Class A Forecast: 1.174 *

Cinedigm News: Why CIDM Stock Is Soaring Today

CIDM stock is cruising higher because of this major company move

By Nick Clarkson, Web Editor Dec 4, 2020, 11:24 am EST

Shares of Cinedigm (NASDAQ:CIDM) stock are quickly rising on Friday morning after an important company announcement on Thursday.

Source: Pavel Kapysh / Shutterstock.com

The firm released a statement that its linear streaming channels are now available on Rad, a livestreaming platform with a diverse lineup of content for its users. It is quickly growing, and the company said that Rad reaches 110 million Sony (NYSE:SNE) PlayStation consoles. Additionally, it reaches “hundreds of millions” of other mobile streaming devices.

Additionally, the Los Angeles-based company boasts that it is the “leading independent entertainment studio in North America….” and focuses on a number of different areas. This includes digital cinema and streaming channels, as well as content and marketing distribution. Also, Rad works with some of the biggest names in entertainment like Discovery (NASDAQ:DISCA), ViacomCBS (NASDAQ:VIAC) and Showtime.

Overall, this is major news for this firm — and CIDM stock is getting a boost because of it.

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Moreover, Erick Opeka — president of Cinedigm Networks — had this to say about the CIDM stock news:

“Rad exemplifies exactly what we look for in a platform distribution partner. Between their unique reach on 110 million gaming consoles, extensive premium content, and an innovative discovery and viewing experience, they are the perfect home for our growing stable of enthusiast networks.”

CIDM stock was up nearly 25% as of Friday morning.

On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article. 

Nick is a web editor at InvestorPlace.

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11/20/2020 Cinedigm Shares Move Higher; Co Announces MyTime Movie Network, New Female-Focused Linear Streaming Channel, Debuting Today On Roku Channel

 

Cinedigm Shares Move Higher; Co Announces MyTime Movie Network, New Female-Focused Linear Streaming Channel, Debuting Today On Roku Channel

9:31 am ET November 20, 2020 (Benzinga) Print

Cinedigm Announces MyTime Movie Network, a New Female-Focused Linear Streaming Channel, Debuting Today on The Roku Channel

MyTime Movie Network Is the First Female Focused Streaming Film Network Featuring Hundreds of Award-Winning Films, Original Series, Exclusive Content, & More

Cinedigm (NASDAQ:CIDM) announced today the launch of the all-new female-focused streaming linear channel MyTime Movie Network on The Roku Channel, the home of free and premium entertainment on the Roku® platform.

MyTime Movie Network offers an unparalleled library of curated content catering to women of all ages. The diverse library, which has been seen by a combined audience of upwards of 20 million viewers, features hundreds of popular and award-winning films. Upon its launch films from all genres will be available; ranging from pulse-pounding thrillers such as Final Girl, starring Abigail Breslin; and charming date-night comedies such as What Goes Up, starring Hilary Duff; to feel-good musicals such as Pure Country 2 starring Michael McKean; family dramas such as The Reliant, starring Kevin Sorbo; and everything in-between.

In addition to its library of films, the network delivers a fresh slate of over 50 original films that will be exclusively available on MyTime Movie Network.

"We are excited to bring MyTime to The Roku Channel," said Alexandra Viglione, Head of Product for Cinedigm Digital Networks. "Quality programming directly targeting the female viewer is important and we know MyTime will deliver entertaining and diverse content to that audience."

Cinedigm continues to focus on bringing well-established brands and film & television content from leading content owners into the growing free ad-supported television marketplace. Opportunities for premium content remain strong within the OTT ad-supported space as traditional cable and satellite services continue to lose subscribers.

About Cinedigm

For more than twenty years, Cinedigm (NASDAQ:CIDM) has led the digital transformation of the entertainment industry. Today, Cinedigm entertains hundreds of millions of consumers around the globe by providing premium content, streaming channels and technology services to the world's largest media, technology and retail companies. For more information, visit http://www.cinedigm.com/.

Cinedigm uses, and will continue to use, its website, press releases, SEC filings, and various social media channels, including Twitter (https://twitter.com/cinedigm), LinkedIn (https://www.linkedin.com/company/cinedigm/), Facebook (https:/facebook.com/Cinedigm), StockTwits (https://stocktwits.com/CinedigmCorp) and the Company website (www.cinedigm.com) as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases, SEC filings, and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releases, SEC filings and on the social media channels identified above, as such information could be deemed to be material information.

Roku is a registered trademark of Roku, Inc. in the U.S. and in other countries. Trade names, trademarks and service marks of other companies appearing in this press release are the property of their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201120005109/en/

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.