Cinedigm Partners With Leading Chinese Streaming Channel Youku to Exclusively Distribute 30 Original Feature Films to all Pla...
October 23 2018 - 12:30PM
Initial focus will be on Youku’s original
productions
Cinedigm (NASDAQ: CIDM) announced today a partnership with
Youku to distribute 30 original Chinese feature films in North
America on all platforms including digital, physical DVD’s and
BluRays, and across all OTT platforms, with a primary focus on
major streaming platforms and niche outlets. The films will
also be included in the recently announced China-focused OTT
channel called Bambu which Cinedigm is launching later this year.
The films, never before seen in the US or
Canada, represent a wide range of Chinese film styles including
current urban thrillers, relationship driven films, sci-fi fantasy,
horror, and costume fantasy.
“We are excited to bring these innovative
original films to the broad US population in North America that are
seeking new cutting-edge film productions from around the world,”
said Bill Sondheim, President of Cinedigm Entertainment Group.
“These films offer a unique and exclusive viewing opportunity for
fans of new production styles and emerging Asian creative talent
that is quickly evolving into an important film genre.
Cinedigm is committed to help nurture this growing production style
and feel the broadening distribution and availability of Youku’s
content in mainstream US streaming outlets will be an important
catalyst. We are honored with the opportunity provided by Youku to
bring these films to hungry outlets throughout the North American
distribution ecosystem.”
“Youku is excited to enter this new relationship
with Cinedigm to broaden our distribution into America,” said Doria
Dai, Youku Pictures Producer. “We continue to make compelling
original movies and tv series and expect this new cooperation
agreement will allow Youku to build an audience of fans in the high
profile American Market.”
The Youku deal reflects the continued progress Cinedigm is
making in forging strategic relationships with China’s leading
content producers and distributors. Other deals that Cinedigm is
finalizing includes licensing current hit TV shows and movies from
CITVC, the International Licensing arm of CCTV, China’s largest
broadcaster. They are also finalizing deals with Shanghai Media
Group, the largest Regional Production and Broadcaster in China as
well as CICC (China Intercontinental Communication Center)
and we expect to provide those details over the next several
weeks.
About Cinedigm
Cinedigm powers custom content solutions to the world's largest
retail, media and technology companies. The global company provides
premium feature films and series to digital platforms including
Netflix, Amazon, Xumo, Roku, Vizio, Dish/Sling, Apple, and Google
plus cable/satellite providers including Comcast, Dish Network and
DirectTV in addition to major retailers including Wal-Mart and
Target. Leveraging Cinedigm's unique capabilities, content and
technology, the company has emerged as a leader in the fast-growing
digital-first channel business, with seven networks under
management that reach hundreds of millions of devices while also
providing premium content and service expertise to the entire
digital-first ecosystem. With reciprocal distribution partnerships
in both the United States and China, Cinedigm's growing stable of
platforms has unprecedented availability in the two largest markets
in the world.Cinedigm™ and Cinedigm Digital Cinema Corp™ are
trademarks of Cinedigm
Corp. www.cinedigm.com.
Press Contact for CIDM:Jill Newhouse
Calcaterra310-466-5135jcalcaterra@cinedigm.com
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