Cinedigm Acquires Fandor(R), the Leading World-wide Impartial Movie Membership Streaming Service
LOS ANGELES, CA / ACCESSWIRE / January 19, 2021 / Cinedigm (NASDAQ:CIDM) introduced currently that the Organization has acquired Fandor®, the main global impartial film membership streaming service with the biggest selection of unbiased films, documentaries, and worldwide characteristics in the industry.
Identified as “The Netflix for Indie Film” by The Wall Avenue Journal and “A streaming rabbit hole truly worth slipping down” by The New York Occasions, Fandor® has been delighting film-loving audiences all over the planet for much more than a decade, with its catalog of around 4,600 movie titles from extra than 400 global and numerous partner film businesses. Fandor’s acclaimed movie choices variety from significant-good quality studio classics to festival favorites to necessary award-profitable foreign cinema characteristics.
Tapping into the $4.8 billion-dollar world marketplace for unbiased movie, Cinedigm options to leverage its considerable material library, technology, engineering and distribution capabilities to swiftly broaden Fandor’s material offering, relaunch the service’s apps and radically expand distribution to Cinedigm’s global footprint of about 900 million connected equipment. The Firm anticipates the service could arrive at seven determine subscriber stages in the following 24-30 months with a emphasis on swift world wide growth and distribution. Cinedigm will carry on to offer the company ad-absolutely free, but also programs to present a no cost, ad-supported on-demand tier as properly as a linear streaming channel to further broaden the service’s arrive at to audiences of all viewing preferences.
Cinedigm ideas to seriously attract from a pool of extra than 7,000 suitable film titles in its library, which includes hundreds of vintage, cult and foreign titles from streaming service The Movie Detective, which it obtained in December 2020. The Company also plans on ramping up new and current content material partnerships with distribution associates from close to the world to make Fandor the preeminent destination for emerging world voices. The Organization also plans to relaunch Keyframe, Fandor’s world wide web and video-based mostly publication devoted to masking the art of cinema. Phil Hopkins, President of Cinedigm’s Film Detective division and daily life-very long cinephile, will oversee Fandor and Keyframe, with the purpose of relaunching the support in the coming quarter.
“This acquisition of Fandor, coming on the heels of our Movie Detective acquisition, solidifies Cinedigm’s position as the leading international streaming enterprise for independent films,” explained Chris McGurk, Cinedigm Chairman and CEO. “As a key component of our a short while ago announced streaming rollup method, Fandor will quickly reward from our streaming distribution muscle, large library of impartial films, Matchpoint technologies, cost discounts and infrastructure and synergies with our wide portfolio of enthusiast streaming channels. We fully count on an instant EBITDA uplift from Fandor and solid profits and revenue expansion likely forward.”
“The paradox of the streaming revolution is that it has under no circumstances been more challenging to learn classic, important and new independent and overseas films,” claimed Erick Opeka, Main Method Officer and President of Cinedigm Networks. “The founders of Fandor had the ideal idea, launching very early in the streaming advancement cycle when still developing a solid and resilient manufacturer and viewer base. Our mission at Cinedigm is to help viewers, including independent movie enthusiasts, to stream their passions, and I can not imagine of a streaming provider that is truer to our mission than Fandor.”
“The prospect to leverage Fandor’s passionate local community of impartial movie fanatics will be integral in the service’s growth,” said Phil Hopkins, President of The Film Detective. “Being in a position to connect and collaborate with this group of information creators, bloggers, and editorial writers will allow for us to substantially develop Fandor into the global focal position for streaming independent films, documentaries, classics and foreign films.“The Movie Detective company trailer can be viewed right here:
Artwork can be discovered listed here: https://www.fandor.com/firm/media_kit
Media Advisor Charles Theiss assisted on this transaction. Charles has a lot more than 30 many years of qualified media knowledge, serving in crucial senior govt management positions and advisory roles with nicely-known legacy and electronic models.
ABOUT CINEDIGM
For extra than 20 several years, Cinedigm (NASDAQ:CIDM) has led the electronic transformation of the entertainment business. Currently, Cinedigm entertains hundreds of tens of millions of individuals about the globe by supplying top quality articles, streaming channels and technological innovation products and services to the world’s biggest media, technological innovation and retail organizations. For additional data, visit http://www.cinedigm.com/.
Cinedigm works by using, and will carry on to use, its site, push releases, SEC filings, and several social media channels, such as Twitter ( https://twitter.com/cinedigm ), LinkedIn ( https://www.linkedin.com/firm/cinedigm/ ), Facebook ( facebook.com/Cinedigm ), StockTwits ( https://stocktwits.com/CinedigmCorp ) and the Organization web-site ( www.cinedigm.com ) as extra implies of disclosing public details to buyers, the media and many others intrigued in the Enterprise. It is probable that sure info that the Firm posts on its web-site, disseminated in press releases, SEC filings, and on social media could be deemed to be materials facts, and the Enterprise encourages investors, the media and many others interested in the Corporation to critique the organization and economical information and facts that the Enterprise posts on its web page, disseminates in press releases, SEC filings and on the social media channels determined above, as such information could be considered to be product facts.
ABOUT FANDOR
Fandor streams hundreds of handpicked, award-profitable flicks from close to the globe. With dozens of genres that include things like Hollywood classics, undiscovered gems, and the most up-to-date pageant favorites, Fandor gives curated enjoyment and primary editorial content on desktop, iOS, Android, Roku, Apple Tv set, Chromecast, Amazon Key, and in the course of social media. With a fast increasing library and innovative partnerships, Fandor’s goal is to captivate and encourage a worldwide local community of movie fans. Study much more
at http://www.Fandor.com.
Push Call for CIDM:
Jill Calcaterra
310-466-5135
Source: Cinedigm Corp.
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