Cinedigm Partners with The World’s Largest Smart TV Solutions Provider Vewd for Global OTT Channel Distribution
June 04 2020 - 9:00AM
Cinedigm, (NASDAQ: CIDM) a leading provider of OTT entertainment
networks and content, announced a partnership with Vewd, the
world’s largest Smart TV OTT software provider, offering Cinedigm’s
portfolio of streaming entertainment networks on Vewd-enabled
devices worldwide. As part of the agreement, Cinedigm’s networks
will be available on an install base of more than 300 million Smart
TVs and connected devices made by top brands such as Sony, Samsung,
Skyworth, Hisense, Philips, and TiVo, among others. Additionally,
Cinedigm’s networks will be available on more than 40 million new
Vewd-powered devices shipping annually around the world.
The move further extends Cinedigm’s reach and distribution
worldwide, expanding the Company’s footprint across top selling
OEMs and hardware manufacturers with a special emphasis on the
European Union, Latin America and Asia. The partnership further
extends Cinedigm’s scale in the fast-growing ad-supported video on
demand segment.
The first Cinedigm channels planned for the initial Vewd rollout
include:
- Comedy Dynamics: The world’s largest
collection of stand-up comedy! It’s a no drink minimum
show 24/7, with the top names of comedy in new & classic
performances.
- The Bob Ross Channel: Watched by millions, the
Bob Ross Channel features the iconic The Joy of
Painting series made famous by beloved painter, art
instructor, and TV host Bob Ross.
- Docurama: This premium documentary
network features award-winning, and eye-opening non-fiction films
and series spanning the arts, politics, science, music &
history, and more.
For over 15 years, Vewd has connected consumers around the world
to the programming they love. Through strong partnerships with
marketplace titans such as Samsung, Sony, Verizon, and TiVo, Vewd
leads the charge into the future of entertainment—providing
products and services that offer solutions to help simplify the
complex television landscape and unite the entire value chain from
manufacturers to consumers and everyone in-between, while making
OTT content easily accessible on nearly 50 million connected
devices each year.
"Vewd is the perfect partner for Cinedigm, as both companies
have a common goal to entertain viewers through high-quality
programming, now more than ever, as more viewers seek out free
alternatives to established Pay-TV services," said Tony
Huidor, Cinedigm’s General Manager of Digital Networks. “Vewd’s
worldwide reach presents an invaluable opportunity for Cinedigm by
allowing us to grow our distribution footprint even further as the
ad-supported market continues to mature internationally.”
“With Global ad-supported OTT revenues surging to $53 billion
globally over the next five years, our focus is on rapidly
expanding our distribution footprint to maximize growth,” said
Erick Opeka, President of Cinedigm Networks. “Vewd helps us
dramatically expand the viewer base for our rapidly growing
portfolio of OTT networks, which we expect to double over the next
18 months.”
ABOUT VEWDVewd is the world’s largest smart TV
OTT software provider, connecting consumers anywhere to the content
they love. By making OTT possible on nearly 50 million connected
devices each year, Vewd leads the way in defining the future of
entertainment. Our suite of products and services are crafted to
simplify complexity and offer solutions that unite the entire value
chain, from silicon vendors to end users. Market leaders such as
Samsung, Sony, Verizon, TiVo, and many more rely on Vewd products
and services. Follow us, as we make OTT extraordinary. Visit
Vewd.com to learn more.
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
Calcaterra310-466-5135jcalcaterra@cinedigm.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4ef96729-dd70-4de8-a066-28838f26205e
Cinedigm (NASDAQ:CIDM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cinedigm (NASDAQ:CIDM)
Historical Stock Chart
From Jul 2023 to Jul 2024