Cinedigm Agrees to Acquire Streaming and Entertainment Company Digital Media Rights Adding 10 New Channels and 7,500 Titles


Deal scales up Cinedigm with greater than 30 streaming companies, 46,000 hours of content material, 40 million month-to-month viewers, 18.5 million social subscribers, and 4+ billion views

Cinedigm enters Advert Community Enterprise through DMR’s Advert Community & Market which garners greater than 100 million linked TV impressions a month

LOS ANGELES, CA / ACCESSWIRE / January 6, 2022 // Cinedigm (NASDAQ:CIDM), the main supplier of fanatic streaming companies, introduced immediately that the Firm has reached an settlement to accumulate Digital Media Rights (DMR), a diversified specialty streaming, promoting, and content material distribution firm with vital experience in constructing audiences for international content material in North America.

Based greater than a decade in the past by media business veterans Michael Hong and David Chu, DMR focuses on 4 key streaming companies. First, the corporate is a number one international distributor of characteristic movies and tv sequence for the streaming ecosystem, with greater than 7,500 titles below distribution.

Secondly, DMR has developed and operates 10 channels targeted on fanatic audiences. Six of those proprietary streaming companies can be found as free ad-supported streaming tv (FAST) channels and/or video-on-demand apps (all apps have ad-supported VOD and premium, subscription VOD choices):

  • AsianCrush (asiancrush.com): The one-stop portal to the most recent Asian leisure that includes premium films and reveals.

  • Midnight Pulp (midnightpulp.com): The right late-night channel to finish all boredom, providing an expertly curated choice of cult programming with a twist of millennial irreverence.

  • RetroCrush (retrocrush.tv): Devoted to the Golden Age of anime.

  • Cinehouse (www.cinehousetv.com): each a standalone channel with apps obtainable throughout all main units, in addition to a Linear TV streaming bundle, curating area of interest, fanatic channels targeted on one of the best films and TV reveals from world wide. Among the many linear FAST channels obtainable in Cinehouse’s lineup are 24/7 streams of AsianCrush, RetroCrush, Midnight Pulp and KMTV, with extra being introduced in 2022.

  • Cocoro (cocoro.tv): The last word vacation spot for kid-friendly reveals designed to teach and entertain.

  • KMTV (kmtvnow.com): Options all issues Ok-Pop, from music movies of the latest releases to selection present highlights, to all issues in between.

Third, by means of its DMR Social unit, DMR curates social video channels for many of the above manufacturers, in addition to 4 others, with extra in improvement:

  • C-Crush: A group for followers of one of the best Chinese language TV and flicks.

  • Cinehouse Romance: A curated choice of romance-focused film clips from DMR’s library of arthouse and indie movies.

  • Ok-Crush: A group for Korean cinema, TV and popular culture addicts.

  • QTTV: A group for followers of queer cinema.

Lastly, DMR operates an Advert Community & Market garnering greater than 100 million linked TV impressions a month towards long-form, premium films and tv reveals throughout their owned-and-operated and chosen companion channels with a mean advert completion charge of over 95%.

Acquisition Boosts Library, Channel Portfolio, Advert Enterprise and Social Footprint

Upon completion of the deal, Cinedigm will enhance its library to greater than 46,000 hours of premium movie and tv content material, with an estimated 40+ million month-to-month viewers, 18.5 million social subscribers, 4 billion views, and 13 billion minutes considered yearly. With the addition of the seven new owned, proprietary channels, the Firm could have 15 wholly-owned streaming companies, which now includes greater than 50% of its 28 channels in operation.

With a good portion of DMR’s portfolio targeted on premium Asian movie and tv content material, the addition of its wildly fashionable titles to Cinedigm’s content material portfolio will assist fill the rising client demand for Asian-influenced media, equivalent to Japanese anime and Korean dramas, throughout the leisure panorama. In response to Ampere Evaluation, greater than 25% of all North American shoppers now watch international content material, with Squid Recreation and Narcos being examples of two breakout hits reflecting the development. Given DMR’s tight programming and demographic alignment with Cinedigm’s current subscription companies, the Firm plans on leveraging every Firm’s respective content material portfolio to reinforce and broaden the Firm’s current streaming companies.

Cinedigm additionally plans to additional develop DMR’s Promoting Community, which has long-standing clients and direct partnerships with key promoting companions, with the Firm’s strong programmatic advert gross sales infrastructure. Along side Cinedigm’s continued funding in know-how and supply-chain automation through the Firm’s proprietary Matchpoint™ platform, the Firm believes it can cut back DMR’s working prices and strengthen its income progress by leveraging its distinctive aggressive benefit within the streaming enterprise and thru its underlying know-how. Migrating DMR’s complete content material library into the Matchpoint™ platform will enable the Firm to effectively develop the distribution of DMR’s movie & tv content material catalog and simply ship it at vital scale to Cinedigm’s intensive community of OTT platforms and third-party distribution companions on the click on of a button.

Lastly, Cinedigm plans to leverage DMR’s first-class social media division to develop engagement and followers of Cinedigm’s streaming channels on the main social media platforms. DMR’s social media unit brings intensive experience in curating content material to assist drive new distribution, income and advertising and marketing alternatives. DMR Social has a footprint of greater than 17 million subscribers and followers on YouTube and Fb alone, throughout eight manufacturers which are collectively averaging 284 million video views per thirty days — and greater than 8 million hours watched — over the previous 12 months. DMR’s community-building and content material curation methods and experience will probably be utilized to Cinedigm’s portfolio of channels together with Fandor, CONtv and Screambox. The objective is to determine a brand new advert income stream for the Firm and assist develop Cinedigm’s SVOD, AVOD and FAST streaming channels.

“DMR’s top-notch administration crew, high-quality channels and movie & TV library completely complement our personal strengths and our mission of serving fanatic audiences,” mentioned Chris McGurk, Chairman and CEO at Cinedigm. “When you think about the opposite key additive elements from this deal, together with the worldwide attain of DMR’s expansive social media efforts, we’re well-positioned to not solely attain a quickly rising new viewers within the short-term but in addition to develop the dimensions of a bigger Cinedigm umbrella channel technique in the long term. We count on this acquisition to be instantly accretive, and the leverage of Cinedigm’s technological efficiencies and expansive portfolio of belongings will spur vital extra progress.”

“Not often do you discover an acquisition that’s as complementary as DMR,” mentioned Erick Opeka, President of Cinedigm Networks and Chief Technique Officer of Cinedigm. “This portfolio of channels and content material instantly supplies elevated scale, strengthens the content material providing on our flagship companies, supplies crucial progress and advertising and marketing capabilities through social, and provides us a brand new foothold into the direct advert gross sales and streaming reside tv companies. We sit up for beginning out the brand new fiscal 12 months with the individuals and belongings we have to meet the rising wants of our viewers, platforms and advertisers.”

“The sturdy synergy between Cinedigm and DMR is instantly obvious, and by working collectively, we are able to proceed to ship and additional scale our top-notch, curated streaming channels to our audiences in a method that builds a real sense of group. The crew at DMR is proud to have constructed a powerful lineup of channels and supply content material that may meet the rising calls for of audiences world wide, together with followers of extremely fashionable Korean dramas, Japanese anime, and Chinese language TV, in addition to arthouse, romance and horror films,” mentioned David Chu, Co-Founder and CEO of DMR. “It is why we’re thrilled to align with this key business participant and are trying ahead to a future with much more enlargement alternatives.”

Added DMR Co-Founder and Chairman Mike Hong, “Right this moment’s cope with Cinedigm marks a watershed second for David and I. As entrepreneurs we’re extremely excited to see greater than a decade of onerous work fueling the continuing progress of DMR, now culminating on this acquisition which can present the inspiration to take the corporate to much more heights.”

An innovator within the digital transformation of the leisure business for greater than twenty years, Cinedigm’s core mission is to entertain the world by constructing the world’s greatest portfolio of fanatic channels and companies for the streaming era. Via a various mixture of premium SVOD companies and devoted AVOD and FAST channels, Cinedigm’s streaming portfolio reaches indie movie (Fandor), horror (Screambox & Bloody Disgusting) and household leisure (Dove Channel), in addition to devoted channels for iconic entertainers, led by Bob Ross (The Bob Ross Channel). Cinedigm’s final objective is to construct locations that immerse viewers in content material they love whereas staying on the forefront of know-how because the streaming business continues to evolve.

About Cinedigm:

For greater than 20 years, Cinedigm (NASDAQ: CIDM) has led the digital transformation of the leisure business. Right this moment, Cinedigm entertains shoppers across the globe by offering premium characteristic movie and tv sequence, fanatic streaming channels and know-how companies to the world’s largest media, retail and know-how corporations. As a frontrunner within the quickly evolving streaming ecosystem, Cinedigm continues its legacy as an innovator by means of its adoption of next-generation applied sciences, equivalent to synthetic intelligence and machine studying, by means of its proprietary, highly-scalable Matchpoint™ know-how platform. For extra info, go to cinedigm.com.

About DMR:

DMR (aka Digital Media Rights) is a privately-held digital media and leisure firm based a decade in the past by business veterans Michael Hong and David Chu. Pioneers in digital leisure, DMR is reworking the business whereas specializing in OTT Channels and Digital Distribution.

As a writer and developer, DMR owns and operates seven OTT channels which have develop into main locations for his or her respective genres: AsianCrush (pan-Asian), Midnight Pulp (horror/thriller/motion), Cinehouse (normal leisure), RetroCrush (basic anime), Cocoro (children/household), and KMTV (Ok-Pop), and Cinehouse Selects (arthouse). These can be found as video-on-demand (AVOD and/or SVOD) apps on Sensible TVs, cell and linked TV units; on Xbox One and Xbox Collection X|S consoles; on the internet; and/or as linear, free advert supported tv (FAST) channels on LG Channels, Peacock, Plex, Redbox, The Roku Channel, Samsung TV Plus, STIRR and VIZIO SmartCast. Its DMR Social division curates a number of social video channels for many of the above manufacturers, in addition to C-Crush (Chinese language TV reveals and flicks), Cinehouse Romance (romance), Ok-Crush (Korean popular culture) and QTTV (LGBTQ+).

DMR can also be one of many world’s largest content material aggregators and distributors with a catalog containing greater than 7,500 premium titles from main TV networks, studios, producers and gross sales brokers. The corporate has cultivated distribution offers with Amazon On the spot Video, Amazon Prime, Hulu, Netflix, Cable VOD, iTunes, Google Play, FandangoNow, Tubi, PlutoTV, Crackle, Hoopla, Kanopy, Vudu, to call just a few. The DMR Promoting Market supplies video and show advertisements through direct gross sales and programmatic channels (Related TV, desktop, and cell) whereas connecting manufacturers and media shopping for companies to premium publishers. For extra info, go to digitalmedarights.com

Cautionary Assertion Concerning Ahead-Trying Statements

Statements made on this press launch might comprise forward-looking statements inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended, which are primarily based on Cinedigm’s beliefs, in addition to assumptions made by, and knowledge at present obtainable to, Cinedigm, and subsequently contain dangers and uncertainties which are tough to foretell. Usually, future or conditional verbs equivalent to “will,” “would,” “ought to,” “may,” or “might” and the phrases “imagine,” “anticipate,” “proceed,” “intend,” “count on” and related expressions determine forward-looking statements. Ahead-looking statements embody, however will not be restricted to, references to methods, plans, goals, expectations, intentions, assumptions, future operations and prospects and different statements that aren’t historic details. You shouldn’t place undue reliance on forward-looking statements. Though Cinedigm believes that plans, intentions and expectations mirrored in or urged by any forward-looking statements made herein are affordable, Cinedigm could also be unable to attain such plans, intentions or expectations and precise outcomes, and efficiency or achievements might differ materially and adversely from these envisaged within the statements made on this press launch.

Press Contacts:

DKC Public Relations
cinedigm@dkcnews.com

Excessive Contact Investor Relations
Cinedigm@htir.net

Don Ciaramella / Matt Biscuiti
The Lippin Group for DMR
don@lippingroup.com / matt@lippingroup.com

SOURCE: Cinedigm

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Cinedigm Agrees to Acquire Streaming and Entertainment Company Digital Media Rights Adding 10 New Channels and 7,500 Titles

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