Cinedigm Digital Networks Announces Key Growth Milestones
January 28 2019 - 12:19PM
Cinedigm Networks (NASDAQ: CIDM) today announced several key growth
milestones for its fast-growing group of digital-first networks: an
estimated 2.4 million monthly active ad-supported viewers and
102,000 active subscribers now enjoy Cinedigm’s suite of
entertainment networks, which deliver viewers across North America
nearly 12,000 hours of premium film, television and live
entertainment.Other recent key business achievements include:
- Achieved over 370% year-over-year growth in ad-supported user
base across linear and ad-supported video on demand platforms.
- Achieved over 205% quarter-over-quarter growth in connected
television ad-requests.
- Grew content library by 6,200 film and television assets – more
than 116% year-over-year.
- Grew total social media footprint to 857,000 followers across
YouTube, Facebook, and Instagram.
- Completed 26 channel launches across 10 new distribution
partners over the last two quarters, including Dish Network, Sling
TV, Comcast Xfinity, Samsung TV Plus, Xumo, Pluto TV, Sinclair’s
Stirr, Vizio Watch Free TV, and The Roku Channel, representing a
total addressable base of more than 126 million customers and
devices.
- Acquired ComicBlitz, a subscription digital comic service, and
announced the acquisition of Viewster, a pop-culture ad-supported
streaming service. These acquisitions add more than 7,100 premium
film, television and digital publishing assets from more than 70
new partners.
- Launched Matchpoint™, a next-generation OTT platform and
application framework that speeds time to market while reducing the
total operating expense for channel operators and content
distributors.
- Transitioned two networks, CONtv and Dove Channel, to the new
Matchpoint platform. Using Matchpoint™ internally, Cinedigm was
able to relaunch the Dove Channel in under 3 weeks and delivered
more than 20,000 hours of content to new partners at approximately
80% reduction in OPEX in the past quarter.
"Our accomplishments in the last few months demonstrate
Cinedigm’s vision of effectively delivering premium OTT
entertainment content globally, no matter the device or business
model," says Erick Opeka, President of Cinedigm Digital Networks.
"We will continue to focus in the coming months on launching new
channels, investing in our technology, growing the user base,
monetizing our ad-supported offerings and expanding our footprint
of addressable devices.”
Cinedigm’s Digital Networks are available across over 340
million consumer devices, including Google Play, Apple's App Store,
Roku, Amazon Fire, Android TV, Samsung, Vizio, and more.
Channels Currently Live:
- CombatGO is a 24/7 mixed martial arts
channel that unifies the top global MMA, BJJ, Muay Thai, and
traditional Asian martial arts content.
- CONtv is the first and largest digital
entertainment network dedicated to the fanspace. From eclectic
sci-fi, enigmatic horror, vintage cult TV, edgy anime and gritty
grindhouse and original series, CONtv has amassed a following of
pop culture enthusiast seeking the need to geek out on any device,
at any time.
- Docurama is the first VOD network channel
offering a provocative selection of compelling and award-winning
documentaries, films, and TV series exploring impactful and
entertaining true-life stories.
- Dove Channel is a values-based network
filled with uplifting and enlightening programming that the whole
family can enjoy together.
- WHAM Network is the first 24/7
digital-first network devoted to e-sports and casual gaming,
complete with original series, breaking news, pro league coverage,
and more.
Channels Coming Soon:
- HallyPop is a pop culture network
celebrating Korean, Chinese, and South East Asian content,
including live concerts, special events, and reality TV, and talent
competitions. Expected launch in February 2019.
- Bambu aims to expand American
appreciation of Chinese entertainment by providing viewers with a
curated offering of action epics, serial dramas, romantic comedies,
exciting sci-fi, pulse-pounding horror, and fantasy adventure
sagas, as well as music and reality series. Expected launch in
Summer, 2019.
About CIDM:
Since inception, Cinedigm has been a leader at the forefront of
the digital transformation of content distribution. Adjusting 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
Calcaterra/310-466-5135Cinedigmjcalcaterra@cinedigm.com
Source: Cinedigm Digital Cinema Corp.
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