July 12, 2016
Cinedigm Acquires Premium Content from Bridgestone Multimedia Group Significant deal brings over 45 premium feature titles and 10 series to Dove Channel, including Max Lucados Traveling Light
LOS ANGELES--(BUSINESS WIRE)-- Cinedigm (NASDAQ: CIDM) announced today that the Company has closed an agreement to acquire 45 films and 10 series from Bridgestone Multimedia Group (BMG), a producer and distributor of family-friendly, faith-based films that inspire and spread the message of hope.
Expanding the Dove Channel offering with inspiring and uplifting content, the BMG library includes a mix of series and films, including Max Lucados Traveling Light, Different Drummers, Road to the Open (starring Eric Roberts, Judd Nelson, John Schneider), Pitching Love and Catching Faith, The Sugar Creek Gang (series), and Character Builders (series).
Providing ideal content for Dove Channel, BMG is dedicated to inspiring, educating, encouraging, enlightening, and entertaining families through the development, production, and distribution of high quality faith-based entertainment products, including feature films, documentaries, and childrens videos.
Combined with current and recently acquired titles, Dove Channels library of over 3,600 available titles will now rank as the largest library of faith-based & family-friendly content in the OTT marketplace. Cinedigm will make the Bridgestone programming available on Dove Channel over the next several months beginning in August this year.
At Dove Channel, we constantly strive to provide our Dove audience with quality content that can safely be enjoyed by the entire family, said Erick Opeka, EVP Digital Networks, Cinedigm. We are thrilled to partner with Bridgestone Multimedia Group as we continue to fulfill our mission of expanding our library and broadening our content offering with new, faith-based and family-friendly content.
Were very excited about our new partnership with Cinedigm and The Dove Channel - not just because of their ability to deliver BMGs content to so many families across North America, but also because of their like-mindedness to BMGs mission of providing inspirational, family-friendly entertainment that inspires and spreads the message of hope, added David E. Austin, Executive Vice President, BMG.
About Cinedigm (NASDAQ: CIDM)
Cinedigm is a leading independent content distributor in the United States, with direct relationships with thousands of physical retail storefronts and digital platforms, including Wal-Mart, Target, iTunes, Netflix, and Amazon, as well as the national Video on Demand platform on cable television. The companys library of films and TV episodes encompasses award-winning documentaries from Docurama Films , next-gen Indies from Flatiron Film Company , acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Films, and a wide range of content from brand name suppliers, including Scholastic, NFL, Shout Factory, Hallmark, The Jim Henson Company, and more.
Additionally, given Cinedigms infrastructure, technology, content, and distribution expertise, the Company has rapidly become a leader in the quickly evolving over-the-top digital network business. Cinedigms first channel, DOCURAMA, launched in May 2014, and is currently available on iOS, Roku, Xbox, and Samsung, with additional platforms currently being rolled out. Cinedigm launched CONtv, a Comic Con branded channel in partnership with WIZARD WORLD, on March 3, 2015. The Companys third OTT channel, DOVE CHANNEL, launched on September 15, 2015, and is a digital streaming subscription service targeted to families and kids seeking high quality and family-friendly content approved by Dove Foundation.
Cinedigm and Cinedigm Digital Cinema Corp are trademarks of Cinedigm Corp. [CIDM-G]
View source version on businesswire.com: http://www.businesswire.com/news/home/20160712005531/en/
Cinedigm
Jill Newhouse Calcaterra, 310-466-5135
jcalcaterra@cinedigm.com
Source: Cinedigm
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