Cinedigm Signs Agreement with Verizon Digital Media Services to Power Linear Stream Distribution
April 12 2017 - 12:00PM
Business Wire
Deal enables Cinedigm to expand distribution
of programmed linear streams direct to consumers as well as to
next-generation television services
Cinedigm (NASDAQ: CIDM) today announced that Cinedigm has
selected Verizon Digital Media Services to power the streaming and
syndication of linear content for its portfolio of over the top
digital networks. The move to the Verizon Digital Media Services
platform will enable high-quality, reliable video delivery of
Cinedigm’s linear services to a wide array of streaming devices,
platforms and providers.
The deal encompasses the streaming of DOVE NOW, Cinedigm’s 24/7
programmed linear channel available to Dove Channel subscribers, as
well as future linear services to be announced later this year.
Since launch, DOVE NOW has become the Dove Channel’s most-viewed
selection. Cinedigm will utilize the Verizon Digital Media Services
Uplynk Video Streaming service to ingest, encode, package and
deliver linear video to audiences across devices and to reach the
fast-growing segment of next-generation television services.
“Next-generation linear platforms such as Sling TV, DIRECTV NOW,
and YouTube TV are expected to replace up to 20% of existing cable
and satellite subscriber homes within the next three years,” said
Erick Opeka, EVP of Digital Networks for Cinedigm. “Verizon Digital
Media Services’ proven track record with the world’s leading
broadcasters will enable us to achieve the quality and reliability
needed as we expand into this exciting new market.”
“We take pride in offering services that enable content
providers like Cinedigm to go-to-market with OTT linear channels
quickly, cost-effectively — and most importantly, in a manner that
delivers the highest quality of content to viewers on their mobile
and connected devices,” said Ralf Jacob, president for Verizon
Digital Media Services. “Through our end-to-end digital media
platform, our customers have access to the critical resources that
will enable them to effectively scale and monetize content,
including innovative features such as server side ad insertion
available through our Uplynk Video Streaming service.”
The addition of content available through the Verizon Digital
Media Services' platform comes amidst several recent announcements
by Cinedigm on the expansion of its world-class OTT infrastructure,
including the addition of DRM support from Google, Apple and
Microsoft, as well as device footprint expansions to more than 60
Million devices including Google Chromecast, Android TV and Amazon
Fire TV.
About Cinedigm
Cinedigm powers custom content solutions to the world’s largest
retail, media and technology companies. We provide premium feature
films and series to digital platforms including iTunes, Netflix,
and Amazon, cable and satellite providers including Comcast, Dish
Network and DirecTV, and major retailers including Walmart and
Target. Leveraging Cinedigm’s unique capabilities, content and
technology, the Company has emerged as a leader in the fast-growing
over-the-top channel business, with four channels under management
that reach hundreds of millions of devices while also providing
premium content and service expertise to the entire OTT ecosystem.
Learn more about Cinedigm at www.cinedigm.com.
[CIDM-G]
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version on businesswire.com: http://www.businesswire.com/news/home/20170412005833/en/
CinedigmJill Newhouse Calcaterra,
310-466-5135jcalcaterra@cinedigm.com
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