Cinedigm Announces Leadership Changes in Content Entertainment Group
April 03 2019 - 11:37AM
Cinedigm (NASDAQ: CIDM) announced today leadership changes within
the Company’s Content Entertainment Group to reflect the Company’s
evolving focus on digital streaming and content aggregation
following its recent announcement to acquire Future Today Inc., a
leading OTT streaming video platform.
Bill Sondheim, the President of Cinedigm Entertainment Group,
will be leaving Cinedigm to pursue outside entrepreneurial
opportunities. He will continue to provide the Company with
consulting services. Current Content Entertainment Group Executive
Vice President Yolanda Macias and Senior Vice President Dan Coyle
will now lead that group, leveraging their combined 50+ years of
industry experience and leadership. These moves continue the
Company’s efforts to streamline corporate structure and enhance
management effectiveness and synergy.
With over 25 years of industry experience, Macías is responsible
for acquiring global content rights and oversees digital
distribution across all world-wide platforms. Macias began
her tenure at Cinedigm after the Gaiam Vivendi Entertainment
acquisition in 2013.Previously, Macías held executive
positions at DIRECTV, Technicolor and The Walt Disney
Company. She was also honored as one of the Top 50 Women in
Business by the Los Angeles Business Journal and as one of the
Elite Women and Digital Drivers 2009 - 2018 in the home
entertainment industry and received the Imagen Award for Powerful
& Influential Latinos in Entertainment 2018.
Coyle joined Cinedigm Entertainment after the Company’s
acquisition of Gaiam, Inc.’s Entertainment Unit in 2013. In his
role as Senior Vice President of Sales, Dan is responsible for
strategic planning and sales of physical media for the company’s
huge catalog of premium independent film and television titles. Dan
previously held the same position at Gaiam since 2005. Prior to
Gaiam, he was Vice President of Retail Operations at Goodtimes
Entertainment, which he joined in 1991 and helped launch the first
VMI program in the video industry.
Sondheim commented; “I’d like to thank Cinedigm Chairman and CEO
Chris McGurk for providing me with some incredible experiences and
growth opportunities over the past five years. Chris has charted a
smart and bold strategic direction for Cinedigm with his commitment
to expand digital channels and the streaming business and I believe
this will be an exciting next chapter as he leads Cinedigm into the
future. I am excited to embark on this next stage in my career and
look forward to revealing new plans in the near future.”
Last month Cinedigm announced a definitive agreement to acquire
leading Advertising-Video-on-Demand OTT streaming platform (AVOD)
company Future Today. Future Today owns and operates more
than 700 content channels with more than 60 million app installs,
and manages more than 200,000 film, television and digital content
assets that currently receive more than 85 million video views per
month in a variety of categories including entertainment, movies,
food & lifestyle, animation, and kids. The acquisition
increases Cinedigm’s OTT footprint to over 7.6 million Monthly
Active Users and 67 million total app installs and is expected to
be immediately accretive.
“The content distribution business is changing at a lightning
pace and it is important that we continue our leadership position
as the landscape shifts,” said McGurk. “We deeply value the
importance of our home entertainment distribution business, and now
that we have repositioned ourselves as a leading OTT streaming
company, we believe all aspects of our business will benefit. We
thank Bill for his efforts over the years to bring Cinedigm to this
exciting new market position and we wish him the best for his new
business endeavors. We remain deeply committed to our robust
independent premium content distribution business and I am certain
our efforts in that arena will continue their success under the
leadership of Yolanda and Dan.”
ABOUT CINEDIGMSince inception, Cinedigm
(NASDAQ: CIDM) has been a leader at the forefront of the digital
transformation of content distribution. Adapting to the rapidly
transforming business needs of today’s entertainment landscape,
Cinedigm remains a change-centric player focused on providing
content, channels and services to the world’s largest media,
technology and retail companies. Cinedigm’s Content and Networks
groups provide original and aggregated programming, channels and
services that entertain consumers globally across hundreds of
millions of devices. For more information,
visit www.cinedigm.com.
Press Contact for CIDM:Jill Newhouse
Calcaterra310-466-5135jcalcaterra@cinedigm.com
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