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Profile: Cinedigm Corp (CIDM.A)

CIDM.A on American Stock Exchange

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20 May 2019
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Cinedigm Corp., incorporated on March 31, 2000, is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, and home and mobile entertainment platforms. The Company also provides digital cinema assets servicing on over 12,000 domestic and foreign movie screens. It operates through four segments: first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services) and media content and entertainment group (CEG). It collaborates with producers, brands and other content owners to market, source, curate and distribute content to targeted audiences. It distributes content through existing and emerging digital home entertainment platforms, including iTunes, Amazon Prime, Netflix, Hulu, Xbox, PlayStation, and cable video-on-demand (VOD) and packaged distribution of DVD and Blu-ray discs to wholesalers and retailers and mortar storefronts, including Walmart, Target, Best Buy and Amazon. It also operates a branded and curated over-the-top (OTT) entertainment channels, including Docurama, CONtv and Dove Channel.

Phase I Deployment

The Company’s Phase I Deployment segment is non-recourse, financing vehicles and administrators for its digital cinema equipment (the Systems) installed in movie theatres throughout the United States and Canada, and in Australia and New Zealand. Its products and services in this segment, as of March 31, 2017, consisted of financial vehicles and administrators for 3,724 Systems installed nationwide in Phase 1 DC's deployment to theatrical exhibitors.

Phase II Deployment

The Company’s Phase II Deployment is also non-recourse, financing vehicles and administrators for its digital cinema equipment installed. Its products and services, as of March 31, 2017, consisted of financing vehicles and administrators for its 8,904 Systems installed in the second digital cinema deployment and international deployments.

Services

The Company’s Services segment provides monitoring, billing, collection, verification and other management services to Phase 1 Deployment and Phase II Deployment, as well as, to exhibitor-buyers who purchase their own equipment. Services segment provides such services to the 3,724 screens in the Phase 1 Deployment for a monthly service fee and also provides services to the 8,904 Phase 2 Systems deployed. The Company’s Services segment also has international servicing partnerships in Australia and New Zealand with the Independent Cinema Association of Australia and is servicing 530 screens as of March 31, 2017.

Media Content and Entertainment Group

The Company’s CEG segment is an independent content distributor in the United States. Its library of films and television episodes includes Docurama Films, acclaimed independent films, festival picks and a wide range of content from brand name suppliers, including Scholastic, NFL, Shout! Factory and Hallmark. It distributes its over-the-top (OTT) content in two ways: direct to consumer, through application platforms, such as the Internet, iOS, Android, Roku, AppleTV, Amazon Fire, and Samsung; and through third party distributors of content on emerging platforms such as Amazon Prime. CEG is focused its activities in the areas of ancillary market aggregation and distribution of entertainment content, and branded and curated OTT digital network business providing entertainment channels and applications.

The Company competes with Anchor Bay Entertainment, Entertainment One (eOne) Ltd., IFC Entertainment, Lionsgate Entertainment, Magnolia Pictures, Pureflix, RLJ Entertainment, Inc., Warner Brothers Digital Networks and AMC Networks.

Company Address

Cinedigm Corp

45 W 36th St Fl 7
NEW YORK   NY   10018-7634
P: +1212.2068600
F: +1212.5984898

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