May 18, 2016
Cinedigm Acquires Content Library from StoryBox.tv Streaming Service for Dove Channel Significant deal brings over 1,700 new titles to Dove Channel, making it the largest faith & family catalog in North America
LOS ANGELES--(BUSINESS WIRE)-- Cinedigm (NASDAQ: CIDM) announced today that the Company has closed an agreement to acquire substantially all of the content assets and library of StoryBox.tv, a multi-platform family-friendly streaming service.
Consisting of over 1,700 titles of faith & family friendly movies, television series, childrens programming, and educational content, the library is comprised of content from over 30 providers including Nelvana, MVD Entertainment Group, Organa, TMW Media Group, Marble Media, and Legend Films, among others. The library includes beloved classics like THE SHIRLEY TEMPLE SHOW and GUMBYS CHRISTMAS CAPERS, as well as fun, kid-friendly series including THE WHEELS ON THE BUS, DINOTOPIA mini-series and GUMBYS BEST EPISODES. Also included are family films such as THE YEARLING, THE JACKIE ROBINSON STORY, SAVANNAH SMILES and A HORSE FOR DANNY.
Additionally, in support of Dove Channels home-schooling initiative, the StoryBox.tv library brings hundreds of hours of educational content across a wide variety of subjects ranging from History, Geography and Math to English Literature, including Shakespeares stage play portfolio.
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 & family friendly content in the OTT marketplace. Cinedigm will make the programming available on Dove Channel over the next several months.
Our mission with Dove Channel has always been to provide a safe, curated environment for families to enjoy watching together, said Erick Opeka, EVP of Digital Networks. The addition of StoryBox.tvs content fulfills that mission, gives our customers an incredible selection to choose from, and helps us further our goal of adding great new content to Dove each week.
Film Producers Brigham and Noah Sunday founded StoryBox.tv in 2013, with the mission of providing families with movies and shows that would entertain, inspire, uplift, and strengthen values.
Our mission at Dove is so closely aligned with StoryBox.tv that we felt compelled to find a way to join forces, said Bill Sondheim, President of Cinedigm Entertainment. The more we evaluated the offering, it became very apparent to Brigham that Dove Channel offered a very sophisticated technology platform and advanced user experience that would better and more quickly allow Brighams mission to be fulfilled.
My brother and I created StoryBox.tv with the hopes of strengthening the family through positive media, said Brigham Sunday. We are thrilled to be able to share our library of films with the Dove Channel as it will allow so many more families around the world to view great family entertainment.
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, Jim Henson 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/20160518005468/en/
For Dove Channel
Jill Newhouse Calcaterra, 310-466-5135
jcalcaterra@cinedigm.com
Source: Dove Channel
News Provided by Acquire Media
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May 18, 2016
