Cinedigm
Cinedigm Corp. is an American entertainment company headquartered in Los Angeles, California. Cinedigm's businesses encompass digital cinema, streaming channels, content marketing, and distribution.[1][2]
Type | Public |
---|---|
NASDAQ: CIDM Russell Microcap Index component | |
Industry | Entertainment |
Founded | 2000 |
Founders | Bud Mayo |
Headquarters | |
Key people | Chris McGurk, Chairman and CEO Gary Loffredo, President Erick Opeka, Chief Strategy Officer |
Products | Motion Pictures, Entertainment, Video on demand, Digital distribution, Film distribution |
Divisions | Cinedigm Corp. Cinedigm Entertainment Group |
Subsidiaries | SD Entertainment New Video CONtv Viewster The Film Detective |
Website | cinedigm.com |
History
Cinedigm Corp was founded in 2000 under the name Access IT Digital Media, Inc., through a group led by Bud Mayo. Mayo directed Cinedigm until his retirement in 2010, and subsequently founded Digital Cinema Destinations Corp. In September 2013, the company changed its name to Cinedigm Corp.[3] In January 2011, Chris McGurk became the new Chairman and CEO.[4]
In July 2011, Cinedigm sold its physical and electronic distribution business to Technicolor to acquire certain assets of Cinedigm's physical and electronic distribution business, which also included the global licensing of the Cinedigm digital distribution software platform.[5] In August 2011, Screenvision then acquired UniqueScreen Media, Inc. (USM), the cinema advertising division of Cinedigm Digital Cinema Corp. Additionally, the companies entered into a long-term agreement, with Cinedigm providing distribution and promotion for Screenvision.[6] In April 2012, Cinedigm acquired distributor company New Video.[7]
In October 2013, the company acquired Gaiam Vivendi Entertainment, which resulted in Cinedigm becoming the largest digital and physical distributor of independent content.[8] In 2014, Jeffrey Edell joined as CFO.[9] The company is traded on the NASDAQ under the ticker symbol CIDM.[10]
Video on Demand
In May 2014, Cinedigm established Docurama, an OTT documentary channel,[11][12][13][14][15][16] showing full-length and short-form documentaries, non-fiction TV programming, behind-the-scenes interviews, as well as curated film festival coverage.[17][18]
In February 2015, Cinedigm and Wizard World created CONtv, a fandom-focused digital streaming network.[19] CONtv has licensed content from distributors including Starz Digital Media, RLJ Entertainment, DHX Media, The Jim Henson Company, Full Moon Films, Sentai Filmworks, Well Go USA, and Zodiak Media.[20]
In September 2015, Cinedigm partnered with The Dove Foundation to create The Dove Channel, an online streaming service focusing on kids and faith-based viewers.[21] In June 2015, Cinedigm then acquired a minority state in Shout! Factory, which operates a streaming service.[22] In December 2017, control of Cinedigm was given to Bison Capital of Hong Kong to start one of the first China-US Studios.[23]
On February 5, 2019, Cinedigm acquired streaming service Viewster and its Viewster Anime subsidiary.[24] It also licenced content from Chinese firms CCTV, China Lion, Starrise Media and Youku, in order to launch an entertainment and film channel called Bambu, which shows programs such as Journey To The West and Diamond Lover, as well as films such as My Lucky Star, Cock And Bull and Breakup Buddies.[25][26][27][28]
In 2020, Cinedigm acquired The Film Detective.[29]
References
- "Cinedigm Stock Soars". indiewire.com. Retrieved 2014-04-05.
- "Cinedigm Set to Become Top Theatrical Home Video Distributor". hollywoodreporter.com. Retrieved 2014-04-05.
- "Bud Mayo". Opportunist Magazine. Archived from the original on 2014-04-05. Retrieved 2014-04-05.
- "Cinedigm Digital Cinema Names Chris McGurk Chairman and CEO". Bloomberg. Archived from the original on 2014-04-07. Retrieved 2014-04-05.
- "Technicolor Acquiring Cinedigm's Digital Cinema Delivery Assets". The Hollywood Reporter. 2011-07-27. Retrieved 2014-04-05.
- "Cinedigm sells cinema ad unit to Screenvision". BusinessWeek. 2011-09-01. Retrieved 2014-04-05.
- Lieberman, David. "Cinedigm Agrees To Buy New Video Group". Deadline.com. Retrieved 2014-04-05.
- "Cinedigm Stock Soars After It Acquires Gaiam Vivendi | Filmmakers, Film Industry, Film Festivals, Awards & Movie Reviews". Indiewire. Retrieved 2014-04-05.
- https://www.hollywoodreporter.com/news/jeffrey-edell-joins-cinedigm-as-710483
- https://labusinessjournal.com/news/2014/feb/12/cinedigm-wizard-world-create-digital-channel/
- "Docurama Releases iPad and iPhone App". Market Watch. Retrieved 2015-05-18.
- "Flush with New Cash Historically Film Focused Cinedigm Cut to Streaming Future". Forbes. Retrieved 2015-05-18.
- "Cinedigm Launches Theater Series". Hollywood Reporter. Retrieved 2015-05-18.
- "Cinedigm Launches Docurama". The Video Ink. Archived from the original on 2015-05-09. Retrieved 2015-05-16.
- "Docurama Streams Free On-Demand Documentaries". CNET. Retrieved 2015-05-16.
- "Cinedigm's Documentary Arm Announces Brand Expansion and Streaming App". Deadline. Retrieved 2015-05-16.
- "Documentary Channel Aims at Underserved Audience". New York Times. Retrieved 2015-05-16.
- "Catching Up with Susan Margolin on Docurama". Retrieved 2015-05-16.
- "CONtv Announces Film and Television Programming". Retrieved 2015-02-05.
- "Cinedigm Signs 12 Picture Deal". Archived from the original on 2015-02-08. Retrieved 2015-02-05.
- Todd, Spangler. "Cinedigm Launches Dove Channel SVOD Service That Strips Out Sex, Drugs and Violence". Variety. Variety Media. Retrieved 9 November 2015.
- Lang, Brent (June 25, 2015). "Cinedigm Takes Minority Position in Shout! Factory". Variety.
- https://variety.com/2017/digital/news/cinedigm-bison-capital-majority-ownership-investment-1202482934/
- Ressler, Karen. "Cinedigm Finalizes Viewster, Viewster Anime Acquisition". Anime News Network. Retrieved 5 March 2019.
- https://variety.com/2019/film/news/cinedigm-bambu-future-today-launch-1203187871/
- https://www.mediaplaynews.com/tag/bambu/
- https://www.globenewswire.com/news-release/2019/10/22/1933572/0/en/Cinedigm-s-Chinese-Entertainment-Channel-BAMBU-Launches-Today-on-CONtv.html
- https://www.rapidtvnews.com/2019041255746/bambu-set-for-ott-distribution-on-future-today.html
- McNary, Dave (2020-10-19). "Cinedigm Buys Vintage Network The Film Detective". Variety. Retrieved 2020-12-19.