Feb 18, 2020
Cinedigm Closes First Tranche of Agreement to Acquire 29% Stake in Leading Chinese Entertainment Company Starrise Media
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LOS ANGELES, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: 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. HK) from two existing holders in an all-stock transaction valued at approximately US$68 million (1.).  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. In calendar year 2018, Starrise reported approximately US $139 million in total revenues and gross profits of US $31 million, a 97% increase from 2017 revenues and 196% increase in gross profits. Cash and cash equivalents at the end of calendar year 2018 were approximately US $41 million. In the first half of calendar year 2019, the company reported revenues of approximately US $67 million and gross profits of US $19 million, a 11% increase in revenues and 104% increase in gross profits. Cash & cash equivalents at the end of the first half of calendar year 2019 were approximately US$35 million. (2.)

Starrise’ Film/TV business segment mainly invests in film, television and other short form content. Starrise distributes film content theatrically and to all key media platforms in China and is committed to significantly growing its investment in entertainment content for the rapidly expanding Chinese theatrical and digital marketplaces. Recent prominent film investments by Starrise include The Wandering Earth, one of the most successful Chinese films ever released, generating almost US $700 million at the box office in China in 2019 and The Grandmaster of Kung Fu, a successful internet-released action movie.

Notes: (1.) Based on the closing price of Starrise (HK1616) of HK$1.29 per share on February 13, 2020.

(2.) Calculated at an exchange rate of 6.9 Chinese Yuan to 1 US dollar

ABOUT CINEDIGM

Since inception, Cinedigm (NASDAQ: 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. Cinedigm’s Content and Networks groups provide original and aggregated programming, channels and services that entertain consumers globally across hundreds of millions of devices. For more information, visit www.cinedigm.com.

Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Corp. www.cinedigm.com. [CIDM-G]

Safe Harbor Statement

Investors and readers are cautioned that certain statements contained in this document are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "could," "might," "believes," "seeks," "estimates" or similar expressions. In addition, any statements concerning completion of the transactions described in this document, future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cinedigm's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cinedigm, its technology, economic and market factors and the industries in which Cinedigm does business, among other things. These statements are not guarantees of future performance and Cinedigm undertakes no specific obligation or intention to update these statements after the date of this release.

Contact

Cinedigm
Jill Newhouse Calcaterra
310-466-5135
jcalcaterra@cinedigm.com

cinedigm_logo.jpg

Source: Cinedigm Digital Cinema Corp.

Feb 18, 2020
Cinedigm Reports Third Quarter Fiscal 2020 Financial Results
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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 Viewers Reach 5.6 Million, Up 24.4% this Quarter

LOS ANGELES, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: CIDM) today announced its financial results for the three- and nine-month periods ended December 31, 2019.

Key Third Quarter FY 2020 Financial Results:

  • Consolidated revenues were $11.5 million
    - OTT/streaming revenues were up 95% year-over-year
    - Strong OTT Channel revenues, primarily Advertising Video on Demand (AVOD) revenues, drove the majority of this growth
  • Net loss to common stockholders of $2.3 million, a narrowing of 33% year-over-year, and a reduction of 63% year-over-year excluding non-recurring charges
  • Adjusted EBITDA of $2.7 million
  • Total debt has been reduced $12.5 million fiscal year-to-date

Key Business Highlights*:

  • Entered into a stock purchase agreement to purchase approximately 29% of the outstanding current common shares in leading Chinese entertainment company Starrise Media Holdings Limited (“Starrise”) in an all-stock transaction valued at approximately US$68 million1.
  • Overall Ad-supported streaming viewers grew from 4.5 million to 5.6 million users, up 24.4% over the quarter
  • Free Ad-supported TV (FAST) monthly active users grew from 2.7 million to 3.3 million, up 23.2% over the quarter.
  • Ad supported Video-on-Demand (AVOD) users grew from 1.8 million to 2.3 million, up 27.8% over the quarter.
  • Overall minutes watched in the third quarter was up 303% over the prior year.
  • Increased highly valuable, connected TV ad requests to 86% of overall inventory mix.
  • Added new distribution partner, DistroTV, bringing eight of the Company’s popular networks to its programming roster.
  • Launching two new AVOD drive services to bring additional, premium programming to the United States in a partnership with all3media International, the distributor of the leading independent television production & distribution company in the United Kingdom.
  • Co-production content strategy continues to perform and produce wins in the marketplace, with the Company more than doubling the number of films from FY’19 to FY’20.
  • Extended relationship with National Football League for Super Bowl LIV and catalog content.
  • Executed 11 content acquisition deals for both OTT and traditional distribution business.
  • Post quarter end, Vizio selected Cinedigm’s Matchpoint Blueprint as a preferred development platform to provide video streaming apps across Vizio SmartCast TVs. The offering will open the door for premium content partners to quickly bring new applications and programming to the VIZIO SmartCast platform and provide access to diverse programming that appeals to millions of viewers.
  • Post quarter end, the Company closed on the purchase of 162,162,162 Starrise shares and issued 21,646,604 shares of Common Stock as consideration therefor on February14, 2020, and expects to close on the remainder of the Starrise shares as soon as practicable.

“Our proposed investment in Starrise, which we expect to fully close in the coming weeks, is a key step forward in our plan to become the first fully integrated North America / China studio,” said Chris McGurk, Cinedigm’s Chairman and CEO. “This transaction reinforces our position as a leading distributor of premium film and TV content in the two biggest and most important entertainment markets in the world and strategically aligns with our efforts to grow our OTT / streaming revenues. In addition, the strong growth in our OTT revenues, particularly in the rapidly growing AVOD segment is very encouraging.”

“We significantly narrowed our net loss by 63% to $1.2 million this quarter, excluding non-recurring charges, due to our aggressive cost and expense streamlining efforts. We have reduced costs by over $5 million annually and have reduced interest expense by approximately $3 million annually,” said Gary Loffredo, Chief Operating Officer and General Counsel.

Purchase of Minority Stake in Chinese Distribution Partner, Starrise Media

Subsequent to the end of the third quarter of fiscal year 2020, the Company signed a definitive Stock Purchase Agreement to acquire approximately 29% of the outstanding equity of leading Chinese entertainment company, Starrise, from two existing holders. As consideration, Cinedigm plans to issue to the sellers a total of 54,850,103 shares of its Class A Common Stock, par value $0.001 per share.

The all-stock transaction, which is expected to fully close in the first quarter of calendar 2020, is valued at approximately US$68 million1 and is subject to certain closing conditions, including that the Company obtain approval of its stockholders, applicable lenders, and regulatory authorities, as applicable.

Through this transaction, Cinedigm will increase its presence and leverage in both the Chinese and North American entertainment markets, two of the biggest Film and Television markets in the world with combined Film/TV revenues estimated to be approximately US$180 billion in 2018. The pending investment in Starrise follows the significant investment in Cinedigm by Bison Capital, a China-based investment company with a focus on the media and entertainment, healthcare and financial service industries. Founded by Mr. Peixin Xu in 2014, Bison Capital has made multiple investments in film and TV production, film distribution and entertainment-related mobile Internet services. As a result of this proposed transaction, Bison Capital and related entities will increase their investment and ownership levels in Cinedigm.

      *All OTT figures based on December 2019 performance data.
      ** YoY OTT comparisons are between December 2018 and December 2019

1 Based on the closing price of Starrise (HK1616) of HK$1.29 per share on February 13, 2020.

Third Quarter 2019 Financial Summary (comparing the quarter ended December 31, 2019 vs. December 31, 2018)

Revenue was $11.5 million, a decrease of 21% compared to $14.6 million in the prior-year third fiscal quarter, due mainly to the expected decline in the Cinema Equipment business. Overall OTT/streaming revenues were up 95%, with OTT Channel revenues, particularly AVOD, showing the strongest growth rate both for the quarter and year to date.

Total operating expenses were $10.9 million, compared to $15.3 million, a decrease of $4.4 million, or 29%, which was primarily driven by lower selling, general and administrative expenses and lower depreciation and amortization expense. Selling, general and administrative expenses for the third quarter of fiscal 2020 were $3.0 million compared to $6.4 million in the year ago period, a decrease of $3.4 million, or 53%. Amortization of intangible assets was $589,000 for the third quarter of fiscal 2020 compared to $1.4 million in the year ago period, a decrease of $808,000, or 58%.

The Company reported a net loss of $2.2 million for the third quarter of fiscal 2020 compared to a net loss of $3.3 million in the third quarter of fiscal 2019. After giving effect to preferred stock dividends of $89,000, the net loss to common stockholders was $2.3 million, or ($0.05) per basic and diluted share, based on a weighted average of 42,418,641 shares outstanding. In comparison, for the third quarter of 2019, after giving effect to preferred stock dividends of $89,000, a net loss to common stockholders was $3.3 million, or ($0.09) per basic and diluted share based on a weighted average of 38,033,756 shares outstanding.

For the third quarter of fiscal year 2020, Adjusted EBITDA was $2.7 million, compared to $3.6 million in the year-ago period. The decrease was largely due to the expected reduction in the cinema equipment business. Adjusted EBITDA from non-cinema equipment business was $0.6 million this quarter versus ($0.3 million) in the prior year quarter, which was an improvement of $0.9 million, or 342%.

Adjusted EBITDA is defined by the Company for the periods presented to be earnings before interest, taxes, depreciation and amortization, other income, net, goodwill impairment, litigation related expenses and recoveries, stock-based compensation, expenses, restructuring, transition and acquisitions expenses, net, and certain other items. Pursuant to the requirements of Regulation G, the Company has provided a reconciliation in the tables attached to this release of loss from continuing operations calculated in accordance with accounting principles generally accepted in the United States of America (“GAAP”) to Adjusted EBITDA. Adjusted EBITDA is not a measurement of financial performance under GAAP and may not be comparable to other similarly titled measures of other companies. The Company calculated and communicated Adjusted EBITDA in the tables because the Company's management believes it is of importance to investors and lenders by providing additional information with respect to the performance of its fundamental business activities. Management presents Adjusted EBITDA because it believes that Adjusted EBITDA is a useful supplement to net loss as an indicator of operating performance. Management also believes that Adjusted EBITDA is an industry-wide financial measure that is useful both to management and investors when evaluating the Company's performance and comparing our performance with the performance of our competitors. Management also uses adjusted EBITDA for planning purposes, as well as to evaluate the Company's performance because it believes that adjusted EBITDA more accurately reflects the Company's results, as it excludes certain items, such as stock-based compensation charges, that management believes are not indicative of the Company's operating performance. The Company believes that Adjusted EBITDA is a performance measure and not a liquidity measure. Adjusted EBITDA should not be considered as an alternative to operating or net loss as an indicator of performance or as an alternative to cash flows from operating activities as an indicator of cash flows, in each case as determined in accordance with GAAP, or as a measure of liquidity. In addition, adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows. The Company's calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of net income (loss). In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows. Management does not intend the presentation of these non-GAAP measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP. These non-GAAP measures should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.

About Cinedigm

Since inception, Cinedigm (NASDAQ: CIDM) has been a leader at the forefront of the digital transformation of content distribution. Adapting 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. Cinedigm’s Content and Networks groups provide original and aggregated programming, channels and services that entertain consumers globally across hundreds of millions of devices. For more information, visit www.cinedigm.com.

[CIDM-E]

Safe Harbor Statement

Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cinedigm officials during presentations about Cinedigm, along with Cinedigm's filings with the Securities and Exchange Commission, including Cinedigm's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cinedigm's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cinedigm, its technology, economic and market factors and the industries in which Cinedigm does business, among other things. These statements are not guarantees of future performance and Cinedigm undertakes no specific obligation or intention to update these statements after the date of this release.

For more information:
Jill Newhouse Calcaterra
Cinedigm
jcalcaterra@cinedigm.com 
310-466-5135

Tables Follow

CINEDIGM CORP. CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except for share and per share data)

  December 31, 2019   March 31, 2019
ASSETS (Unaudited)    
Current assets      
Cash and cash equivalents $ 14,474     $ 17,872  
Accounts receivable, net 40,902     35,510  
Inventory, net 598     673  
Unbilled revenue 1,682     2,336  
Prepaid and other current assets 9,458     8,488  
Total current assets 67,114     64,879  
Restricted cash 1,000     1,000  
Property and equipment, net 9,442     14,047  
Right-of-use assets 1,765      
Intangible assets, net 7,518     9,686  
Goodwill 8,701     8,701  
Other long-term assets 171     526  
Total assets $ 95,711     $ 98,839  
LIABILITIES AND DEFICIT      
Current liabilities      
Accounts payable and accrued expenses $ 80,985     $ 68,707  
Current portion of notes payable, including unamortized debt
discount of $690 and $1,436 respectively
38,310     43,319  
Operating lease liabilities 926      
Current portion of deferred revenue 1,640     1,687  
Total current liabilities 121,861     113,713  
Notes payable, non-recourse, net of current portion and unamortized
debt issuance costs and debt discounts of $955 and $1,495 respectively
11,604     19,132  
Operating lease liabilities, noncurrent 918      
Deferred revenue, net of current portion 1,338     2,357  
Other long-term liabilities 127     205  
Total liabilities 135,848     135,407  
Commitments and contingencies      
Stockholders’ deficit      
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001
par value per share; 20 shares authorized; and 7 shares issued and
outstanding at December 31, 2019 and March 31, 2019. Liquidation
preference of $3,648
3,559     3,559  
Common stock, $0.001 par value; Class A stock 60,000,000 shares
authorized at December 31, 2019 and March 31, 2019; 41,105,917
and 36,992,433 shares issued and 39,792,081 and 35,678,597 shares
outstanding at December 31, 2019 and March 31, 2019, respectively
40     36  
Additional paid-in capital 375,489     368,531  
Treasury stock, at cost; 1,313,836 Class A common shares at December 31, 2019 and March 31, 2019 (11,603 )   (11,603 )
Accumulated deficit (406,378 )   (395,814 )
Accumulated other comprehensive income 35     10  
Total stockholders’ deficit of Cinedigm Corp. (38,858 )   (35,281 )
Deficit attributable to noncontrolling interest (1,279 )   (1,287 )
Total deficit (40,137 )   (36,568 )
Total liabilities and deficit $ 95,711     $ 98,839  
               

CINEDIGM CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except for share and per share data)

   Three Months Ended December 31,    Nine Months Ended December 31,
  2019   2018   2019   2018
Revenues $ 11,512     $ 14,643     $ 31,556     $ 41,465  
Costs and expenses:              
Direct operating (excludes depreciation and amortization shown below) 5,726     5,246     13,425     12,287  
Selling, general and administrative 2,997     6,425     13,834     19,455  
(Recovery) provision for doubtful accounts (5 )   113     321     1,245  
Depreciation and amortization of property and equipment 1,594     2,074     4,977     6,239  
Amortization of intangible assets 589     1,397     2,178     4,187  
Total operating expenses 10,901     15,255     34,735     43,413  
Income (loss) from operations 611     (612 )   (3,179 )   (1,948 )
Interest expense, net (1,618 )   (2,593 )   (5,713 )   (7,860 )
Other expense, net (1,019 )   (12 )   (1,187 )   (40 )
Loss from operations before income taxes (2,026 )   (3,217 )   (10,079 )   (9,848 )
Income tax expense (136 )   (55 )   (210 )   (194 )
Net loss (2,162 )   (3,272 )   (10,289 )   (10,042 )
Net (income) loss attributable to noncontrolling interest (7 )   14     (8 )   38  
Net loss attributable to controlling interests (2,169 )   (3,258 )   (10,297 )   (10,004 )
Preferred stock dividends (89 )   (89 )   (267 )   (267 )
Net loss attributable to common stockholders $ (2,258 )   $ (3,347 )   $ (10,564 )   $ (10,271 )
Net loss per Class A common stock attributable to common stockholders - basic and diluted:              
Net loss attributable to common stockholders $ (0.05 )   $ (0.09 )   $ (0.26 )   $ (0.27 )
Weighted average number of Class A common stock outstanding: basic and diluted 42,418,641     38,033,756     40,745,114     37,793,845  
                       

Adjusted EBITDA

Following is the reconciliation of our consolidated net loss to Adjusted EBITDA:

     Three Months Ended December 31,
($ in thousands)   2019   2018
Net loss   $ (2,162 )   $ (3,272 )
Add Back:        
Income tax expense   136     55  
Depreciation and amortization of property and equipment   1,594     2,074  
Amortization of intangible assets   589     1,397  
Interest expense, net   1,618     2,593  
Other expense, net   777     366  
Stock-based compensation and expenses   178     361  
Net loss attributable to noncontrolling interest   (7 )   14  
Adjusted EBITDA   $ 2,723     $ 3,588  
         
Adjustments related to the Cinema Equipment Business        
Depreciation and amortization of property and equipment   $ (1,475 )   $ (1,942 )
Amortization of intangible assets   (11 )   (11 )
Stock-based compensation and expenses       (3 )
Income from operations   (600 )   (1,895 )
Adjusted EBITDA from non-cinema equipment business   $ 637     $ (263 )
                 

Adjusted EBITDA

Following is the reconciliation of our consolidated net loss to Adjusted EBITDA:

    Nine Months Ended December 31,
($ in thousands)   2019   2018
Net loss   (10,289 )   (10,042 )
Add Back:        
Income tax expense   210     194  
Depreciation and amortization of property and equipment   4,977     6,239  
Amortization of intangible assets   2,178     4,187  
Interest expense, net   5,713     7,860  
Other expense, net   1,536     394  
Stock-based compensation and expenses   367     763  
Net loss attributable to noncontrolling interest   (8 )   38  
Adjusted EBITDA   $ 4,684     $ 9,633  
         
Adjustments related to the Cinema Equipment Business        
Depreciation and amortization of property and equipment   $ (4,612 )   $ (5,844 )
Amortization of intangible assets   (34 )   (34 )
Stock-based compensation and expenses   7     (8 )
Income from operations   (2,650 )   (8,824 )
Adjusted EBITDA from non-cinema equipment business   $ (2,605 )   $ (5,077 )

 

cinedigm_logo.jpg

Source: Cinedigm Digital Cinema Corp.

Feb 11, 2020
Chiefs Kingdom Rejoice: Kansas City Chiefs Capture First Super Bowl Title in 50 Years
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 Super Bowl LIV Champions: Kansas City Chiefs
The Official Commemorative Film from NFL Films
Available on Blu-Ray™ Combo Pack, DVD & Digital,
March 10, 2020

LOS ANGELES, Feb. 11, 2020 (GLOBE NEWSWIRE) -- 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 (NASDAQ: 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). Pre-order the film now on NFL Shop and Apple. The Blu-Ray™ Combo Pack and DVD will be available throughout the Kansas City area wherever videos are sold. The digital version will be available on Amazon, Google, Xbox, Sony and Vudu.

All the magical moments from the Chiefs’ title run are now yours to own in this must-see film. Relive the opening victory in Jacksonville, the six straight wins to end the regular season, the post-season comebacks over Houston and Tennessee, and the incredible 21-point rally deep into the fourth quarter to secure victory in Super Bowl LIV. With NFL Films’ award-winning cinematography, signature sideline sound and in-game wires that put you in the action, pulse-pounding music, and exciting special features, Super Bowl LIV Champions: Kansas City Chiefs is a must-have for every member of Chiefs Kingdom!

“The Cinedigm team has a long history of working with the NFL and NFL Films, and this year we were proud to witness one of the most exciting young quarterbacks and legendary coaches in the NFL complete their magical run,” said Yolanda Macias, Executive Vice President, Content Acquisitions, Digital Sales and Studio Relations, Cinedigm. “It is our honor to release this season-long tribute to the Kansas City Chiefs in celebration of their first Super Bowl title in 50 seasons. We are confident Chiefs Kingdom will cherish this commemorative film for years to come!”

“Chiefs fans are among the most loyal, vocal, and supportive fans in the NFL and they have been waiting a long, long time for this,” said Todd Schmidt, Senior Producer at NFL Films. “We are so happy to give them this film -- which not only shows every great moment of Kansas City’s incredible season, but so much insight into what makes this team truly special.”

Super Bowl LIV capped off the NFL’s 100th season. The NFL celebrated all season long with a series of “NFL 100” events, initiatives and programs celebrating players, fans and their communities.

Bonus features available on all formats will include:

  • Super Bowl Opening Night
  • Post Game Ceremonies
  • 2019 NFL Shots of the Year
  • 2019 NFL Sounds of the Year Game Day
  • 2019 NFL Sounds of the Year – National Tight End Day
  • 2019 NFL Sounds of the Year – Celebrating the Game

Additional bonus features available only on Blu-Ray Combo Pack include:

  • Norma Hunt – A Lifetime of Sundays
  • Chiefs Rewind
  • Patrick Mahomes – Game Changer
  • The Tyrann Mathieu Interview
  • Deion Sanders and Patrick Mahomes
  • Andy Reid – Big Red
  • Travis Kelce – The NFL Experience
  • Joe Montana and Super Bowl LIV

Film Specs

  Total Run Time
(including bonus
features)
Aspect Ratio Audio Subtitles
DVD 120 Mins. 1.78 16x9 5.1 Dolby Digital English CC & SDH
Blu-ray 140 Mins. 1.78 16x9 5.1 & 2.0 DTS English SDH
         

The Credits

Written and Directed by: Darrell Campbell, Rob Gill, Brett Olayos
DVD Producer: Todd J. Schmidt
Narrated by: Scott Graham
Project Manager: Sandra Aiken Skarstedt
Production Assistant: Ty Schadt, Kelsey Welsh
Authoring & Emulation: Peter Locke
Production Operations: Tom Costella, Tom Fittipaldi
   

Official Synopsis:

CHIEFS KINGDOM REJOICE!!!!

For the first time in 50 years, the Kansas City Chiefs are Super Bowl Champions, capturing the franchise’s second Vince Lombardi Trophy with a 31-20 comeback victory over the San Francisco 49ers in Super Bowl LIV!

All the great moments of the Chiefs’ title run are now yours to own in this thrilling film — from the opening victory in Jacksonville, to winning six straight to end the regular season, to the post-season comebacks over Houston and Tennessee, to the crowning glory of their triumphant victory in Miami’s Hard Rock Stadium. 

With sideline sound and in-game wires that put you right in the action, award-winning cinematography, pulse-pounding music, and exciting special features, Super Bowl LIV Champions: Kansas City Chiefs is a must-have for every member of Chiefs Kingdom!

About NFL Films
NFL Films, the most honored filmmaker in sports television history with 129 Sports Emmy Awards – remains a groundbreaking leader in sports television, providing unprecedented access to and legendary storytelling about the sport of professional football. With more than 100 million feet of film in its library, NFL Films is the historical backbone of NFL Network and a key supplier of the network's programming, including the three-time Emmy-nominated series A Football Life, offering untold stories into the lives of some of the NFL's most recognizable icons, and The Timeline, chronicling seminal moments that formed the NFL's storied past, shape the present and, in some cases, set the stage for the future.
NFL Films is a part of NFL Media, the owned and operated media division of the National Football League which is comprised of NFL Network, NFL Films, NFL.com, NFL Now, NFL Mobile from Verizon and NFL RedZone.

About Cinedigm
Since inception, Cinedigm (NASDAQ: CIDM) has been a leader at the forefront of the digital transformation of content distribution. Adapting 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. Cinedigm’s Content and Networks groups provide original and aggregated programming, channels and services that entertain consumers globally across hundreds of millions of devices. For more information, visit www.cinedigm.com.

For More Information:
DKC
Chris Canas - Chris_Canas@dkcnews.com
Joe Barone - joe_barone@dkcnews.com

cinedigm_logo.jpg

Source: Cinedigm Digital Cinema Corp.

Feb 10, 2020
Cinedigm Expands Worldwide Reach of the Popular Viewster App in Partnership with Foxxum
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Viewster App is Now Available Across the Globe on Select Foxxum-Supported Smart TVs, Expanding Cinedigm’s Support of Major Smart TV Manufacturers

LOS ANGELES, Feb. 10, 2020 (GLOBE NEWSWIRE) -- As part of the re-launch of Cinedigm’s (NASDAQ: 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 agreement further establishes Cinedigm’s status as an emerging leader in the international OTT marketplace, making the Company’s acclaimed roster of diverse and eclectic content easily accessible to viewers across the globe on televisions from most major manufacturers. In addition to the Foxxum-supported Smart TV devices, Cinedigm’s growing portfolio of premium digital-first networks now have wide distribution across all top-tier TV manufacturers including Samsung, VIZIO, Philips, and LG, among many others.

This move not only increases Cinedigm’s massive global footprint — delivering Viewster’s library of hit films and series to even more viewers around the world — but it also allows Cinedigm to utilize Foxxum’s unprecedented expertise in the areas of content and channel development, operations, marketing, and more, by providing the Company access to the platform’s global ecosystem of connected Smart TV devices.

The Viewster app is powered by Cinedigm’s highly-scalable application development platform Matchpoint Blueprint which enables content distributors and content owners to efficiently and cost-effectively create compelling ad-supported and subscription-based video streaming services. Matchpoint Blueprint will play a crucial role in the international rollout and market expansion of the Viewster app, as the Company utilizes the platform for all of its end-to-end needs in order to enable a more robust user experience across a wide range of connected televisions.

"Foxxum is a leading force in the international Smart TV marketplace, providing dynamic and innovative services to a wide array of connected devices across the industry,” said Tony Huidor, Cinedigm’s Senior Vice President of Product & Technology. “This partnership is a vital piece of Cinedigm’s continued mission to redefine the traditional television experience — expanding Cinedigm’s global footprint even further while also allowing us to introduce the tremendous capabilities of our Matchpoint Blueprint service to additional markets through Foxxum’s extensive reach on Smart TVs.”

“It is great to keep growing with partners like Cinedigm who add value to the Foxxum App store through Viewster and offer our viewers a huge variety of films and series all over the world. Such kind of cooperation strengthens our App Portfolio and boosts user engagement on our Smart TV platforms,” says Ronny Lutzi, CEO at Foxxum.

ABOUT CINEDIGM
Since inception, Cinedigm (NASDAQ: CIDM) has been a leader at the forefront of the digital transformation of content distribution. Adapting 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. Cinedigm’s Content and Networks groups provide original and aggregated programming, channels and services that entertain consumers globally across hundreds of millions of devices. For more information, visit www.cinedigm.com.

ABOUT FOXXUM
Foxxum is a global leader in the development, operation and commercial marketing for innovative Smart TV solutions. As an established pioneer in the sector, Foxxum works closely with leading companies at all stages of the global consumer electronics value chain to develop Smart TV solutions – from silicon vendors to device manufacturers and network operators. Worldwide partnerships with premium broadcasters and video-on-demand services, video producers and distributors allow Foxxum to provide a best-in-class content portfolio containing the most important global content brands as well as country specific local content providers. Foxxum’s development and platform expertise offer viewers the best Smart TV user experience possible, with innovative Smart TV technology, a global entertaining content portfolio and an outstanding design. Foxxum provides its clients with highly tailored solutions, which includes the possibility of jointly tapping into profitable revenue streams in a technology sector with enormous growth potential. For more information, visit: https://foxxum.com/.

Press Contact for CIDM:
Cindy Ronzoni
cronzoni@cinedigm.com

Press Contact for Foxxum GmbH:
Bente Asmussen
press@foxxum.com

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Source: Cinedigm Digital Cinema Corp.

Feb 7, 2020
Cinedigm Acquires TUSCALOOSA with Devon Bostick & Stranger Things’ Natalia Dyer
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LOS ANGELES and NEW YORK, Feb. 07, 2020 (GLOBE NEWSWIRE) -- Cinedigm Corp (NASDAQ: CIDM) announced today that it has acquired North American rights to ‘70s coming-of-age tale TUSCALOOSA. Helmed by veteran music video director Philip Harder, who also wrote the screenplay, the film stars Devon Bostick (Okja), Natalia Dyer (“Stranger Things”), Marchánt Davis (The Day Shall Come), Tate Donovan (Rocketman), and Def Jam hip hop artist YG (White Boy Rick). TUSCALOOSA premiered at the Nashville Film Festival in October, and, following additional festival engagements, Cinedigm will release the picture in theaters, on digital, and on demand on March 13, 2020.

TUSCALOOSA is based on the sweeping Southern novel by W. Glasgow Phillips.  As racial tension simmers in the late summer heat, a forbidden love affair ignites between recent college grad Billy (Bostick) and free-spirited mental patient Virginia (Dyer). The relationship between Billy and his psychiatrist father (Donovan) unravels as Billy discovers the truth behind his father’s involvement in his mother’s mysterious disappearance and the local police’s racial violence against his childhood best friend (Davis) and a radical civil rights activist (YG).

“With its rich visual detail and rural setting, TUSCALOOSA vividly captures small-town Alabama in the 1970s,” said Yolanda Macias, Cinedigm’s Executive Vice-President of Acquisitions.  “As the film’s young characters face issues and tensions that still resonate today, Philip Harder’s beautiful direction further imbues the film with an edgy, modern vibe through dynamic lensing and the evocative use of music.”

The film was produced by Patrick Riley. Executive Producers include Scott Franklin (The Wrestler, Black Swan), Brian & Josh Etting (Angel of Mine), Jenny Daly, Erik Helgeson, Dan Riley, and Tate Donovan.

“We were attracted to Cinedigm for its eclectic film library and proven ability to reach diverse audiences across varied demographics,” said Patrick Riley. “Their team brings experience and great energy and ideas for grassroots promotion and social media tactics, which we believe is the right strategy for TUSCALOOSA.”   

The deal was negotiated by Yolanda Macias and Cynthia Royce for Cinedigm and Brian Etting, Josh Etting, and Patrick Riley on behalf of the filmmakers.

ABOUT CINEDIGM

Since inception, Cinedigm 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. Cinedigm’s Content and Networks groups provide original and aggregated programming, channels and services that entertain consumers globally across hundreds of millions of devices. For more information, visit www.cinedigm.com.

Jill Newhouse Calcaterra 
jcalcaterra@cinedigm.com

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Source: Cinedigm Digital Cinema Corp.

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Contact Us
For more information, please contact Cinedigm at +1(424) 281-5400 or
infobox@cinedigm.com