Cinedigm Partners With JungoTV To Bring Digital Networks To A Global Audience
June 07 2017 - 1:19PM
Business Wire
Cinedigm to expand distribution of Networks
throughout Southeast Asia, India, Turkey, MENA, and CIS
Cinedigm (NASDAQ: CIDM) and JungoTV, a leading global OTT
provider and content distributor, today announced an agreement to
distribute Cinedigm’s portfolio of digital networks to cable,
satellite, telco, and technology companies in emerging and
fast-growth markets with a total population of over 2.5
billion consumers, including:
- India
- Southeast Asia (Indonesia,
Philippines, Vietnam, Thailand, Myanmar, Malaysia, Cambodia, Laos,
Singapore)
- The Middle East & North
Africa (MENA) (Algeria, Bahrain, Egypt, Israel, Jordan, Kuwait,
Lebanon, Morocco, Oman, Qatar, Saudi Arabia, UAE, Yemen)
- Turkey
- Commonwealth of Independent
States (CIS) (Armenia, Belarus, Kazakhstan,
Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan,
Ukraine, Uzbekistan)
Under the terms of the deal, JungoTV will secure both linear and
OTT distribution deals for Cinedigm’s portfolio of channels,
including factual network Docurama, fandom network CONtv, esports
and gaming network Wham, and Dove Channel, a family network.
JungoTV has extensive, existing relationships with many of the top
broadcasters and distribution entities in territories including
Vietnam, Philippines, India and the Middle East.
“Our primary goal for the networks business this year is to grow
quickly by rapidly expanding our distribution footprint both
domestically and across the globe. JungoTV’s significant expertise
and lead in these markets will enable us to become a leader in
markets chronically underserved by U.S. content companies,” said
Erick Opeka, EVP of Digital Networks for Cinedigm.
"People around the world are rapidly shifting their content
consumption habits towards mobile and streaming devices. This
dynamic shift has created a new and emerging opportunity to capture
market share by offering high-quality content at a lower price
point,” said Dr. Mehmet Oz, co-founder of JungoTV.
"We're thrilled and very happy to be working with Cinedigm to
distribute their channels and programming in the expanding
economies of the CIS, South East Asia, India, Turkey, the Middle
East and North Africa. These markets provide fertile ground for
content producers and major media networks looking to grow in the
digital and video on-demand space. We believe that JungoTV
will be the perfect global platform for their great production and
programming,” said George Chung, CEO of JungoTV.
The deal with JungoTV is the first to leverage Cinedigm’s
expansion of its world-class OTT infrastructure, including its
linear streaming services deals with Verizon, the addition of DRM
support from Google, Apple and Microsoft, as well as 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 (OTT) 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.
About JungoTV
JungoTV is a global OTT and distribution company providing
in-language television content to the more than 100 million foreign
language speakers around the world living outside of their homeland
who access content on multiple devices. JungoTV was founded by Dr.
Mehmet Oz, the renowned cardio-thoracic surgeon and Emmy Award
winning host of the Dr. Oz Show, along with Nasser J. Kazeminy,
entrepreneur, business leader, philanthropist and Chairman of NJK
Holding, Sandy Climan, CEO of Entertainment Media Ventures,
longtime Hollywood dealmaker, and George Chung, international
content expert and entrepreneur, who serves as Chief Executive
Officer.
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version on businesswire.com: http://www.businesswire.com/news/home/20170607006153/en/
CinedigmJill Newhouse Calcaterra,
310-466-5135jcalcaterra@cinedigm.comorJungoTVNatalie Rouse,
925-207-0178Natalie@jungotv.com
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