CIDM News

The Benchmark Company LLC and A.G.P./Alliance Global Partners are acting as co-lead placement agents for the offering. This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-238183) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

On May 7, 2020, Cinedigm Corp. (the “Company”) (CIDM) was notified by The Nasdaq Stock Market that the market value of publicly held securities deficiency of the Company’s Class A Common Stock has been cured, that the Company is in compliance with such applicable Nasdaq listing criteria and that Nasdaq considers this matter closed. Since inception, Cinedigm (CIDM) has been a leader at the forefront of the digital transformation of content distribution. Adjusting 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, with a strong competitive position in the two largest entertainment markets, North America and China.

Cinedigm Corp. (CIDM) today announced the Company has closed on a portion of the transactions contemplated by the Stock Purchase Agreement signed on Friday, December 27, 2019 to acquire approximately 29% of the outstanding equity of leading Chinese entertainment company Starrise Media Holdings Limited (Starrise) (1616. On February 14, 2020, the Company closed on the purchase of 162,162,162 Starrise shares and issued 21,646,604 shares of Common Stock as consideration on February14, 2020, and expects to close on the remainder of the Starrise shares as soon as practicable. Starrise’s ordinary shares are listed on the main board of the Stock Exchange of Hong Kong Limited.

Cinedigm (CIDM) announced the launch of the Bob Ross Channel on STIRR, an ad-supported, live and on-demand streaming service. The channel is now live and can be accessed on STIRR via iOS and Android devices, as well as Amazon Fire TV, Apple TV, and online at www.STIRR.com. The Bob Ross Channel will showcase the series’ memorable moments and incredible paintings, featuring approximately 380 classic episodes and delivering hours of quality entertainment that is enjoyable for the whole family.

The cross-platform app development framework provides content owners a comprehensive and robust app development platform, giving them the power to easily launch well-designed and feature-rich OTT video streaming apps that are optimized for all major app platforms, now including Roku. Matchpoint Blueprint™ apps can now easily be developed for the Roku streaming players, as well as for The Roku Channel and a variety of Smart TVs and Roku TV™ models.

Net Loss of $2.3 Million Narrowed By 33% Year Over Year, And By 63% Excluding Non-recurring Charges OTT/Streaming Revenues Increase 95%; Monthly Active Ad-Supported Streaming.

Anyone researching Cinedigm Corp. (NASDAQ:CIDM) might want to consider the historical volatility of the share price...

In addition to millions of e-books, audiobooks, and magazines, Scribd subscribers will now get free access to music, movies, documentaries, comics, educational games, and more through “Scribd Perks,” including Cinedigm’s (CIDM) CONtv + Comics. “With millions of people around the world continuing to shelter in place, having access to different forms of enrichment is more important than ever before,” said Trip Adler, CEO and co-founder of Scribd.

Cinedigm Corp. (CIDM) today announced the Company has closed the final share transfer in connection with its previously announced deal to acquire approximately 27% of the outstanding equity of leading Chinese entertainment company Starrise Media Holdings Limited (Starrise) (1616. The Company now holds 385,542,162 shares of Starrise common equity, which it acquired for 51,501,685 shares of Cinedigm common equity. “Now that we have fully finalized this transaction, we will move rapidly to implement operational plans to increase Cinedigm’s presence and leverage in both the Chinese and North American markets,” said Chris McGurk, Cinedigm Chairman and CEO.

As part of the re-launch of Cinedigm’s (CIDM) popular Viewster ad-supported video-on-demand (AVOD) service, the Company announced today a partnership with Foxxum — a global leader in the development, operation, and commercial marketing for innovative Smart TV solutions — to expand Viewster’s device support to include Foxxum-supported devices worldwide, including TCL, Sharp, Hisense and Vestel televisions. The Viewster app was developed using Cinedigm’s proprietary Matchpoint Blueprint™ application development platform.

The Benchmark Company announced the closing on May 22nd of a Registered Direct Offering of 10,666,666 shares of common stock of Cinedigm Corp. (CIDM) at a purchase price of $.75 per share priced at-the-market under Nasdaq rules for gross proceeds of $8 million. Cinedigm intends to use the net proceeds from the offering for general corporate purposes. Since inception, Cinedigm (CIDM) has been a leader at the forefront of the digital transformation of content distribution.

Cinedigm Corp (CIDM) announced today that it has acquired all US and Canadian rights to The G’s film ALL FOR NIKKI, a comedy starring Grant Harvey (“Animal Kingdom”), Gia Mantegna (“The Dead Girls Detective Agency”) and Andrew Bowen (“Magic City”). Directed by Brandon Willer, ALL FOR NIKKI is an action-comedy which follows a band of unlikely criminals.

LOS ANGELES, March 18, 2020 -- In light of the millions of impacted families across America, Cinedigm (NASDAQ: CIDM) today announced that effective immediately, the company.

In a championship game 50 years in the making, the Kansas City Chiefs, led by the arm of Patrick Mahomes and legendary coach Andy Reid, mounted the kind of comeback that will make Super Bowl LIV one for the ages. Building on their impressive 12-4 regular season campaign, Chiefs Kingdom now basks in the crowning glory of the Vince Lombardi Trophy after a 31-20 victory over the San Francisco 49ers. On March 10, 2020, Cinedigm (CIDM), the National Football League (NFL) and NFL Films will team up to bring fans the most anticipated sports film of the year when Super Bowl LIV Champions: Kansas City Chiefs releases on Blu-Ray™ Combo Pack ($34.93 SRP), DVD ($24.99 SRP), and Digital ($12.99 HD).

Cinedigm Corp (CIDM) announced today that it has acquired all US and Canadian rights to Sam Logan Khaleghi’s DEVIL’S NIGHT: DAWN OF THE NAIN ROUGE from Kyyba Films and SLK Media Group. Directed and produced by Emmy nominee Sam Logan Khaleghi, the filmmaker shares the screen alongside co-stars Jesi Jensen (“Legends & Lies”) and Nathan Kane Mathers (brother of Marshall Mathers/Eminem) in his introductory role.

LOS ANGELES, April 21, 2020 -- Cinedigm (NASDAQ: CIDM) today announced several key growth milestones for its fast-growing group of advertising-based digital networks. In March.

Cinedigm (CIDM) announced today a partnership with Bob Ross, Inc., granting Cinedigm exclusive rights to distribute an all-new art channel featuring the fan-favorite series The Joy of Painting. The Bob Ross Channel is slated to launch on Samsung April 16, 2020, on Roku May 18, 2020 and will be available worldwide for linear, AVOD and SVOD platforms on connected TVs, digital set-top boxes, media-streaming devices, and web-based and online OTT services in the coming months. For 31 seasons, beloved painter, art instructor, and TV host Bob Ross captivated millions of viewers around the globe with his EMMY-winning hit series The Joy of Painting, which first launched on public television stations in the United States, from 1983 to 1994, and has continued to broadcast on more than 150 public TV channels and Create TV.

LOS ANGELES, May 20, 2020 -- Cinedigm (NASDAQ: CIDM) announced today that IMDb TV is now offering Cinedigm’s free ad-supported linear channels CONtv, Dove Channel, Comedy.

(Bloomberg Opinion) -- In the pre-coronavirus days, the Los Angeles Lakers was one of the most valuable and profitable sports franchises on the planet. Forbes estimated last year that the team earned $147 million in 2018 and would fetch about $3.7 billion in a sale. A trust controlled by the children of the late Jerry Buss, a wealthy investor, owns a majority stake in the team. Other co-owners include Philip Anschutz, a billionaire with a broad portfolio of holdings in energy, real estate, media, entertainment and other industries; Edward Roski Jr., a successful commercial real estate developer; and Patrick Soon-Shiong, who owns the Los Angeles Times.The Lakers, as ESPN reported on Monday, received $4.6 million in bailout funds from the federal government as part of the $349 billion Paycheck Protection Program meant to backstop struggling small businesses sideswiped by Covid-19. The Lakers operation has fewer than 500 employees, which qualifies it as a small business under the government’s aid guidelines. But the Lakers hardly seem as immediately vulnerable, or without access to other resources, as, say, your corner grocer, baker, barber or dry cleaner. The Lakers, undoubtedly aware of a wave of recent disclosures about unlikely companies receiving PPP funds, told ESPN it returned the $4.6 million.The Lakers said it decided to disgorge the money after learning the entire $349 billion in federal aid was scooped up in two weeks, thereby leaving out tens of millions of other small businesses the team described as “most in need.” Indeed, only an insignificant percentage — 5% or less — of U.S. small businesses appear to have received funding from the problem-riddled program according to my own take on the data. And much of it, according to Bloomberg News, hasn’t even found its way to small businesses in regions most severely derailed by the coronavirus pandemic.Despite gaping holes in the program’s launch — or perhaps precisely because of them — the government had to approve a second, $380 billion round of funding last week. The doors opened to prospective small-business borrowers on the new round on Monday, and, like the first round, application and administrative problems erupted. Banks also took to social media to complain about all of the snafus they were encountering.The Treasury Department and the Small Business Administration have overseen the PPP program and haven’t provided enough public information about exactly which companies have received money and how they were screened. It bodes poorly for how effectively this new huge pool of funding will be deployed.“It is reckless for the Small Business Administration and Treasury Department to release a second round of funding before clarifying the major gaps and issues with the Paycheck Protection Program. The program still lacks clear terms for forgiveness, rules prohibiting banks from again prioritizing applications of larger clients, and guidance for new lenders to come online to the program,” the Main Street Alliance, an advocacy group for small businesses, said in a statement on Monday. “With funding likely to run out in 48 hours, it is ludicrous that Congress thinks it has done its job supporting small businesses.”Fortunately, a flow of valuable reporting in recent days has identified some questionable recipients of federal aid and offers a window into how haphazard and inequitable the PPP program already appears to be. Consider:NBC reported that its analysis of about 200 PPP recipients revealed at least a dozen examples of firms possibly leveraging relationships, gaming the program or overcoming problematic backgrounds to receive funding. That group includes Cinedigm Corp., an entertainment company controlled by a Chinese investment firm, and MiMedx Group, a skin-graft company repeatedly mired in law enforcement investigations. It also includes Hallador Energy, Crawford United and Flotek Industries, all of which have ties to the Trump administration and which collectively snared $18.3 million in PPP funds. (Hallador and Crawford didn’t respond to queries from NBC; Flotek said it didn’t take advantage of White House relationships to obtain funding.) The Associated Press reported that at least 94 PPP recipients were publicly traded companies with market values greater than $100 million. About a quarter of those companies had warned investors long before the coronavirus arrived that their fortunes had so soured that they might not be able to stay in business. The AP also said that its review “found examples of companies that had foreign owners and that were delisted from U.S. stock exchanges, or threatened with removal, because of their poor stock performance before the coronavirus hit. Other companies have had annual losses for years.” The Washington Post reported that AutoNation Inc., a national network of automobile dealers with 26,000 employees and a $3.2 billion market valuation, received $77 million in PPP funding. “AutoNation used separate tax identification numbers assigned to dozens of its more than 300 locations to apply for at least $266 million in funds for separate dealerships,” the Post reported. I’ve noted in an earlier column that a loophole in the $2.6 trillion federal bailout program would allow large chains and franchises that might not otherwise qualify as small businesses to apply for PPP aid on a store-by-store or location-by-location basis. The Wall Street Journal reported that dozens of publicly traded firms, including Accelerate Diagnostics Inc. and DMC Global Inc., received $500 million in PPP funds. The New York Times and Bloomberg News reported that a group of publicly traded luxury hotel companies controlled by lodging magnate and Trump donor Monty Bennett received more than $50 million in PPP aid. Bloomberg has also reported that IDT Corp., Universal Stainless and Lindblad Expeditions Holdings Inc. — all companies that have more than 500 employees — received nearly $27 million. (IDT said it’s returning the $10 million it received.) I wrote earlier about the complaints targeting Shake Shack Inc., Potbelly Corp. and Ruth’s Hospitality Group Inc. — all large restaurant chains — when they disclosed they had received PPP funding.All of this is just for starters. Much still seems to be amiss with the $729 billion avalanche of federal funds that have cascaded toward banks and small businesses, and we’ll undoubtedly learn of more problems now that we’ve entered the program’s second act. And we still don’t know whether federal aid it will have its desired effect: supporting workers left in the cold by the pandemic while also ensuring that the unprecedented crisis enveloping small businesses doesn’t become an apocalypse.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Timothy L. O'Brien is a senior columnist for Bloomberg Opinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Available on VOD and Digital NowReleasing on DVD March 31 LOS ANGELES, March 09, 2020 -- SPY INTERVENTION SYNOPSIS:When Corey Gage (Drew Van Acker), the world's greatest spy,.