Nov 22, 2019
The DOVE Channel Presents Retro Holiday Classics Premiering Monday, November 25
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The Lineup Includes Scrooge, Santa’s Christmas Circus Starring Whizzo The Clown, Red Skelton Christmas Classics, and Rudolph The Red-Nosed Reindeer

Viewers Can Enjoy DOVE All Year Long for Just $19.99 with the Special “Deck the Halls with DOVE” Offer

LOS ANGELES, Nov. 22, 2019 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Thursday, November 21st by Cinedigm Digital Cinema Corp., please note that in the first sentence of the second paragraph, the date for Rudolph the Red-Nosed Reindeer has been changed from 1964 to 1961, and that the information regarding Burl Ives has been removed. The corrected release follows:

The DOVE Channel turns back the clock this holiday season, as the faith-based digital-first Cinedigm (CIDM) network puts the spotlight on four retro classics from Hollywood’s Golden Age. As part of this special event, DOVE Channel is giving viewers a chance to enjoy premium programming for the whole family all year long with the “Deck The Halls With DOVE” offer—available for just $19.99.

The roster premieres on Monday, November 25, and includes the color-restored 1935 Charles Dickens adaptation Scrooge (A Christmas Carol), starring Donald Calthrop as the quintessential miser who embarks on a legendary journey through Christmas past, present, and future; as well as the beloved 1961 animated favorite Rudolph The Red-Nosed Reindeer; a collection of side-splitting and heartwarming holiday sketches starring one of comedy’s most influential funnymen in Red Skelton Christmas Classics; the rarely seen 1966 fantasy Santa’s Christmas Circus Starring Whizzo The Clown, with Vaudeville star Frank Wiziarde as the titular clown who guides a group of children on a magic carpet ride to visit Santa

Additionally, the Dove Channel linear network is offering a variety of curated holiday blocks airing throughout the season, including “Reason For the Season,” “12 Days to Christmas,” “Feliz Navi-Dogs,” “Dove Christmas Yule Log,” and “A Mayberry New Years Eve.” The live linear channel is available on Samsung, Stirr, and XUMO, as well as through the Direct-To-Consumer app on web, iOS, Android, Amazon Fire, & Roku. Dove Channel is also available on Dish, Sling TV and Vizio as a SVOD service.

The DOVE Channel was created as a response to high consumer demand for family-friendly and faith-driven content, offering viewers safe programming options and full access to the largest library of high-quality values-based films, children’s programs, documentaries, and series in the streaming marketplace. Viewers can feel confident knowing that all content featured on DOVE Channel meets the high standards of The Dove Foundation and its esteemed Faith & Family Dove Seals Of Approval—serving as an invaluable resource for families across the country for over 28 years. Dove.org is now part of Giving Company, a Global Faith and Family Media Network, providing all profits to charity.

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.

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

cinedigm_logo.jpg

Source: Cinedigm Digital Cinema Corp.

Nov 14, 2019
Cinedigm Reports Second Quarter Fiscal 2020 Financial Results
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OTT/Streaming Revenues Increase 35%; Streamlined Cost Structure Drives 11% Reduction of Net Loss; Monthly Active Ad-Supported Streaming Viewers Reach 4.5 Million, Up 77% This Year

LOS ANGELES, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: CIDM) today announced its financial results for the three- and six-month periods ended September 30, 2019.

Key Second Quarter FY 2020 Financial Results:

  • Consolidated revenues were $10.2 million
    • Overall OTT/streaming revenues were $3.1 million, up 35% year-over-year
    • Strong OTT Channel revenues, particularly Advertising Video on Demand (AVOD) revenues, drove the majority of this growth.
  • Net loss to common stockholders of $3.2 million, an improvement of 11% year-over-year
  • Adjusted EBITDA of $1.4 million
  • Debt has been reduced $8.3m in the quarter and $13.6m year to date

Key Business Highlights*:

  • Expanded strategic alliance with Starrise Media to release films in China theatrically, via broadcast television and to digital platforms.
  • Reached an estimated 4.5 million monthly active ad-supported viewers across Cinedigm’s digital networks distributed via linear Free Ad-supported TV (FAST) and AVOD viewers in September 2019, up 77% since the beginning of the fiscal year.
  • Achieved over 398%** YoY growth of ad-supported viewer base across FAST and ad-supported video on demand platforms.
  • Reached approximately 2.7 million monthly active viewers across five live networks with FAST linear channel delivery.
  • Reached approximately 1.8 million monthly active viewers across four live channels on partners with AVOD channel delivery.
  • Increased highly valuable, connected TV ad requests to 83% of overall inventory mix.
  • Added five new ad demand partners.
  • Added key scale distribution partners including Sinclair Broadcast Group, Samsung, Comcast Xfinity, Roku, and Vizio in the fiscal year.
  • Launched Chinese entertainment channel BAMBU as a linear channel on its widely-popular CONtv digital network
  • Co-Productions continue to generate strong return on investment: The Outsider starring Trace Atkins, Jon Foo, Danny Trejo from Status Media, was released Day and Date on 6/14/19 and on DVD 8/6/19.  Its performance exceeded DVD Budget by 50% and yielded strong transactional revenue and a Netflix exclusive license.
  • Released two co-productions in the first half of the Fiscal Year and will release four in the second half.  Badland starring Trace Adkins, Mira Sorvino, Bruce Dern and Tony Todd from Papa Octopus released 11/1/19 as a Day & Date with optimal home page placement and promotion.

“We remain focused on growing our OTT/streaming revenues and building on our position in the rapidly expanding video-on-demand business by increasing our distribution assets and increasing our volume of premium content rights to reach more viewers and appeal to a wide range of advertising and distribution partners,” said Chris McGurk, Cinedigm Chairman and CEO. “Just as important, we are diligently managing our cost structure as we approach the contractual end of our cinema equipment business with the sale of cinema equipment to our theater partners.”

Second Quarter Fiscal 2020 Financial Summary (comparing the quarter ended September 30, 2019 vs. September 30, 2018)

Revenue was $10.2 million, a decrease of 25.5% compared to $13.7 million in the prior-year second fiscal quarter, due mainly to the expected decline in the Cinema Equipment business. Overall OTT/streaming revenues were $3.1 million in the quarter, up 35%, with OTT Channel revenues, particularly AVOD, showing the strongest growth rate both for the quarter and year to date.

Total operating expenses were $11.3 million, compared to $14.6 million, a decrease of $3.3 million, or 22.6%, which was primarily driven by lower selling, general and administrative expenses and lower depreciation and amortization. Selling, general and administrative expenses for the second quarter of fiscal 2020 were $5.0 million compared to $6.5 million in the year ago period, a decrease of $1.5 million, or 23.1%. Amortization of intangible assets was $594,000 for the second quarter of fiscal 2020 compared to $1.4 million in the year ago period, a decrease of $800,000, or 57.4%.

The Company reported a net loss of $3.1 million for the second quarter of fiscal 2020 compared to a net loss of $3.5 million in the second quarter of fiscal 2019. After giving effect to preferred stock dividends of $89,000, the net loss to common stockholders was $3.2 million, or ($0.08) per basic and diluted share, based on a weighted average of 41,439,520 shares outstanding. In comparison, for the second quarter of 2018, after giving effect to preferred stock dividends of $89,000, a net loss to common stockholders was $3.6 million, or ($0.09) per basic and diluted share based on a weighted average of 37,696,256 shares outstanding.

For the second quarter of fiscal year 2020, Adjusted EBITDA was $1.4 million, compared to $2.9 million in the year-ago period. The decrease was largely due to the expected reduction in the cinema equipment business.

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

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

CINEDIGM CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS

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

       
  September 30,
2019
  March 31,
2019
ASSETS (Unaudited)    
Current assets      
Cash and cash equivalents $ 13,665     $ 17,872  
Accounts receivable, net 36,921     41,765  
Inventory, net 607     673  
Unbilled revenue 1,148     1,504  
Prepaid and other current assets 9,200     6,109  
Total current assets 61,541     67,923  
Restricted cash 1,000     1,000  
Property and equipment, net 10,913     14,047  
Right-of-use assets 1,940      
Intangible assets, net 8,097     9,686  
Goodwill 8,701     8,701  
Other long-term assets 291     526  
Total assets $ 92,483     $ 101,883  
LIABILITIES AND DEFICIT      
Current liabilities      
Accounts payable and accrued expenses $ 75,230     $ 71,751  
Current portion of notes payable, including unamortized debt discount of $979 and $1,436 respectively 36,690     43,319  
Operating lease liabilities 915      
Current portion of deferred revenue 1,869     1,687  
Total current liabilities 114,704     116,757  
Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and debt discounts of  $1,141 and $1,495 respectively 12,973     19,132  
Operating lease liabilities, noncurrent 1,103      
Deferred revenue, net of current portion 1,700     2,357  
Other long-term liabilities 153     205  
Total liabilities 130,633     138,451  
       
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 September 30, 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 September 30, 2019 and March 31, 2019; 41,003,572 and 36,992,433 shares issued and 39,689,736 and 35,678,597 shares outstanding at September 30, 2019 and March 31, 2019, respectively 40     36  
Additional paid-in capital 375,222     368,531  
Treasury stock, at cost; 1,313,836 Class A common shares at September 30, 2019 and March 31, 2019 (11,603 )   (11,603 )
Accumulated deficit (404,120 )   (395,814 )
Accumulated other comprehensive income 38     10  
Total stockholders’ deficit of Cinedigm Corp. (36,864 )   (35,281 )
Deficit attributable to noncontrolling interest (1,286 )   (1,287 )
Total deficit (38,150 )   (36,568 )
Total liabilities and deficit $ 92,483     $ 101,883  
               

CINEDIGM CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except for share and per share data)

       
  Three Months Ended
September 30,
  Six Months Ended
September 30,
  2019   2018   2019   2018
Revenues $ 10,241     $ 13,744     $ 20,044     $ 26,822  
Costs and expenses:              
Direct operating (excludes depreciation and amortization shown below) 4,087     3,616     7,699     7,041  
Selling, general and administrative 4,988     6,487     10,837     13,030  
Provision for doubtful accounts 56     1,067     326     1,132  
Depreciation and amortization of property and equipment 1,609     2,076     3,383     4,165  
Amortization of intangible assets 594     1,395     1,589     2,790  
Total operating expenses 11,334     14,641     23,834     28,158  
Loss from operations (1,093 )   (897 )   (3,790 )   (1,336 )
Interest expense, net (1,813 )   (2,572 )   (4,095 )   (5,267 )
Other expense, net (155 )   (18 )   (168 )   (28 )
Loss from operations before income taxes (3,061 )   (3,487 )   (8,053 )   (6,631 )
Income tax expense (27 )       (74 )   (139 )
Net loss (3,088 )   (3,487 )   (8,127 )   (6,770 )
Net income (loss) attributable to noncontrolling interest (7 )   8     (1 )   24  
Net loss attributable to controlling interests (3,095 )   (3,479 )   (8,128 )   (6,746 )
Preferred stock dividends (89 )   (89 )   (178 )   (178 )
Net loss attributable to common stockholders $ (3,184 )   $ (3,568 )   $ (8,306 )   $ (6,924 )
Net loss per Class A common stock attributable to common stockholders - basic and diluted:              
Net loss attributable to common stockholders $ (0.08 )   $ (0.09 )   $ (0.21 )   $ (0.18 )
Weighted average number of Class A common stock outstanding: basic and diluted 41,439,520     37,696,256     39,903,778     37,667,934  
                       

Adjusted EBITDA

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

   
   Three Months Ended
September 30,
($ in thousands) 2019   2018
Net loss $ (3,088 )   $ (3,487 )
Add Back:      
Income tax expense 27      
Depreciation and amortization of property and equipment 1,609     2,076  
Amortization of intangible assets 589     1,395  
Interest expense, net 1,818     2,572  
Other expense, net 296     18  
Stock-based compensation and expenses 178     317  
Net loss attributable to noncontrolling interest (7 )   8  
Adjusted EBITDA $ 1,422     $ 2,899  
       
Adjustments related to the Cinema Equipment Business      
Depreciation and amortization of property and equipment $ (1,491 )   $ (1,942 )
Amortization of intangible assets (12 )   (12 )
Stock-based compensation and expenses      
Income from operations (917 )   (3,206 )
Adjusted EBITDA from non-cinema equipment business $ (998 )   $ (2,261 )
               

Adjusted EBITDA

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

   
  Six Months Ended
September 30,
($ in thousands) 2019   2018
Net loss (8,127 )   (6,770 )
Add Back:      
Income tax expense 74     139  
Depreciation and amortization of property and equipment 3,383     4,165  
Amortization of intangible assets 1,589     2,790  
Interest expense, net 4,095     5,267  
Other expense, net 759     28  
Stock-based compensation and expenses 189     403  
Net loss attributable to noncontrolling interest (1 )   24  
Adjusted EBITDA $ 1,961     $ 6,046  
       
Adjustments related to the Cinema Equipment Business      
Depreciation and amortization of property and equipment $ (3,137 )   $ (3,902 )
Amortization of intangible assets (23 )   (23 )
Stock-based compensation and expenses 7      
Income from operations (2,050 )   (6,929 )
Adjusted EBITDA from non-cinema equipment business $ (3,242 )   $ (4,808 )

cinedigm_logo.jpg

Source: Cinedigm Digital Cinema Corp.

Nov 13, 2019
Cinedigm Finds Home In China
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Cinedigm Corp. announced recently two new projects having to do with Chinese distribution of its content.

Continue reading San Fernando Valley Business Journal Article On LinkedIn.

Nov 13, 2019
The DOVE Channel Delivers a Sleigh-Full of Festive Family Favorites Just in Time for the Holidays
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The Lineup Includes Elizabeth Banks in Lovely Still; David, Donny, & Marie Osmond in A Wonderama Christmas; Jim O’Heir in Naughty & Nice, & More

Viewers Can Enjoy DOVE All Year Long for Just $19.99 with the Special “Deck the Halls with DOVE” Offer

LOS ANGELES, Nov. 13, 2019 (GLOBE NEWSWIRE) -- The DOVE Channel is comin’ to town with a winter wonderland of festive family-friendly favorites, as the faith-based digital-first Cinedigm (CIDM) network gets viewers into the spirit of the season with a star-studded lineup featuring 40 Yuletide classics. As part of this special event, DOVE Channel is giving viewers a chance to enjoy premium programming for the whole family all year long with the “Deck The Halls With DOVE” offer—available for just $19.99.

Starting today, DOVE viewers can experience a roster of beloved films that includes the 2008 holiday love story Lovely, Still starring fan-favorite Elizabeth Banks, Martin Landau, and Adam Scott; and the all-star musical Christmas special A Wonderama Christmas, hosted by David Osmond and featuring the talents of DJs Coco and Breezy Dotson, Donny and Marie Osmond, and John O’Hurley; as well as Maureen McCormick, Haylie Duff, and Jim O’Heir in the 2014 fish-out-of-water rom-com Naughty & Nice; and a night of laughs from a pair of iconic comedy trailblazers in Abbott & Costello: The Christmas Show; among many others.

Additionally, the Dove Channel linear network is offering a variety of curated holiday blocks all season long, including “Reason For the Season,” “12 Days to Christmas,” “Feliz Navi-Dogs,” “Dove Christmas Yule Log,” and “A Mayberry New Years Eve.” The live linear channel is available on Samsung, Stirr, and XUMO, as well as through the Direct-To-Consumer app on web, iOS, Android, Amazon Fire, & Roku.

The DOVE Channel was created as a response to high consumer demand for family-friendly and faith-driven content, offering viewers safe programming options and full access to the largest library of high-quality values-based films, children’s programs, documentaries, and series in the streaming marketplace. Viewers can feel confident knowing that all content featured on DOVE Channel meets the high standards of The Dove Foundation and its esteemed Faith & Family Dove Seals Of Approval—serving as an invaluable resource for families across the country for over 28 years. Dove.org is now part of Giving Company, a Global Faith and Family Media Network, providing all profits to charity.

The DOVE Channel’s complete holiday collection is as follows:

  • Naughty & Nice
  • A Christmas Kiss
  • A Christmas Kiss II
  • Angels in the Snow
  • A Heartland Christmas
  • Santa and Pete
  • The Nutcracker Sweet
  • Christmas On Salvation Street
  • A Christmas Wish
  • Small Town Santa
  • Anytime Fireplace
  • Homeless for the Holidays
  • Magic Gift Of The Snowman
  • The Nutcracker
  • Christmas Oranges
  • Summertime Christmas
  • A Little Christmas Business
  • Max Lucado’s The Christmas Candle
  • The Man Who Saved Christmas
  • Davey & Goliath: Snowboard Christmas
  • Beyond Christmas
  • Christmas Lodge
  • The Christmas Clause
  • Gumby’s Christmas Capers
  • March of the Wooden Soldiers
  • The Perfect Gift
  • A Christmas Carol- Audiobook
  • A Pahappahooey Island Christmas
  • Tappy Toes
  • Paper Angels
  • An Angel for Christmas
  • 12 Dog Days till Christmas
  • Home for Christmas: A Golden Christmas 3
  • Christmas Child
  • Wonderama Christmas Special
  • The Last Straw
  • Santa Claus
  • Abbott and Costello: The Christmas Show
  • Mandie And The Forgotten Christmas
  • Christmas For A Dollar

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.

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

cinedigm_logo.jpg

Source: Cinedigm Digital Cinema Corp.

Nov 6, 2019
Cinedigm Acquires The Modern-Day Holiday Film 2ND CHANCE FOR CHRISTMAS
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Starring Brittany Underwood, Vivica A. Fox, & Tara Reid

On Digital November 19 and DVD December 3, 2019

LOS ANGELES, Nov. 06, 2019 (GLOBE NEWSWIRE) -- November 6, 2019 – Cinedigm Corp (NASDAQ: CIDM) has announced the acquisition of Cinetel Films’ holiday film 2ND CHANCE FOR CHRISTMAS starring Brittany Underwood (‘Days of our Lives’, Game Change), Vivica A. Fox (Independence Day, Kill Bill Vol. 1) and Tara Reid (American Pie 1 & 2). Cinedigm will distribute the film in the US and Canada that is scheduled to release on Digital on November 19 followed by the DVD release on December 3, 2019.

From the Daytime Emmy Award winning director Christopher Ray and written by Danny Max & Scott Thomas Reynold, 2ND CHANCE FOR CHRISTMAS is a modern-day adaptation of Charles Dickens' “A Christmas Carol” that transforms the classic into a holiday film for a whole new generation. The all-star cast also includes Mark McGrath (The Last Sharknado: It's About Time, Joe Dirt 2: Beautiful Loser), Jim O'Heir (Bad Times at the El Royale, The Last Whistle), Mark Christopher Lawrence (“Chuck”, Maybe I’m Fine) and Jonathan Lipnicki (Jerry Maguire, Stuart Little).

2ND CHANCE FOR CHRISTMAS follows Chance Love (Brittany Underwood) who is living the dream of millions of aspiring singers with an amazing career, adoring fans and the perfect “Insta-boyfriend.” But somewhere between the flashbulbs and the fame she lost her love of music. That is until a blast from the past, present and future come a knocking. Together they’ll get her back into the Christmas spirit and rekindle her love for music and the holidays.  

“Cinedigm is thrilled to bring this heart-warming modern-day adaptation of A Christmas Carol to a whole new audience just in time for the holiday season,” said Yolanda Macias, Cinedigm’s Executive Vice-President of Acquisitions. “2nd Chance For Christmas is certain to entertain even the biggest Scrooge.”

2ND CHANCE FOR CHRISTMAS was produced by Gerald Webb and Christopher Ray, for DeInstitutionalized, LLC. Executive Producers include Sinjin Rosa and Scott Thomas Reynolds. 

The deal was negotiated by Josh Thomashow, Director of Acquisitions for Cinedigm and Paul Hertzberg of CineTel Films

SYNOPSIS
A modern-day adaptation of Charles Dickens’ classic “A Christmas Carol” about a Rock/Pop celebrity, Chance Love (Brittany Underwood), who has grown spoiled, selfish and heartless with her newfound fame and fortune.  On Christmas Eve, the doomed ghost of her rock-star Grandfather (Mark McGrath) materializes and forewarns her that she will be visited by three spirits - the ghosts of Christmas Past, Present and Future.  Christmas past (Jim O'Heir) appears first - a slick Crooner in the style of Frank Sinatra and Dean Martin. He reminds her of the girl she once was and her love of family and Christmas. Christmas present (Mark Christopher Lawrence) follows - a modern day Spoken Word/Hip Hop Artist who takes her on a journey through her present - shining a light on the people closest to her and the struggles that Chance has overlooked. Chance is shown her own vanity and ego and how it has eclipsed her ability to care about anyone or anything other than her career, her paycheck, and herself. Christmas Future (Vivica A. Fox) is her final visitation. The hooded figure takes her to her bleak future, showing her the end of the path that she is currently on.  At last, Chance embraces the Christmas spirit. She realizes her love for her friends and family, uses her celebrity and fortune to help those in need and finally uses her music to spread joy and happiness.

FILM DETAILS
Distribution Company: Cinedigm
Digital Release: November 19, 2019
DVD Release: December 3, 2019
Written by: Danny Max & Scott Thomas Reynold
Directed by: Christopher Ray
Starring: Brittany Underwood, Vivica A. Fox, Mark McGrath, Jim O'Heir, Mark Christopher Lawrence, Jonathan Lipnicki and Tara Reid
Running Time: 85 Minutes
Rating: Not Rated
Embeddable Trailer Link: https://youtu.be/iwovg9W60MM

ABOUT CINEDIGM
Cinedigm powers custom content solutions to the world's largest retail, media and technology companies. The global company provides premium feature films and series to digital platforms including Netflix, Amazon, Xumo, Roku, Vizio, Dish/Sling, Apple, and Google plus cable/satellite providers including Comcast, Dish Network and DirectTV in addition to major retailers including Wal-Mart and Target. Leveraging Cinedigm's unique capabilities, content and technology, the company has emerged as a leader in the fast-growing digital-first channel business, with seven networks under management that reach hundreds of millions of devices while also providing premium content and service expertise to the entire digital-first ecosystem. With reciprocal distribution partnerships in both the United States and China, Cinedigm's growing stable of platforms has unprecedented availability in the two largest markets in the world.

ABOUT CINETEL
As CineTel Films Inc. begins its 39th year, the company continues to buck trends in the independent film and television business. CineTel's long term success relies on its ability to find quality stories and filmmakers and attach name talent to productions that appeal to a global audience.  In addition, CineTel Films has acted as a worldwide sales agent for numerous independent film producers with a current catalogue of over 100 films. Focused on global partnerships, CineTel has forged co-production and distribution deals with Universal, Sony, Amazon, Warner Brothers, New Line, Millennium Media, Netflix, Cinedigm, Starz, NBCU, Syfy, among others.  For more information, visit Cinetelfilms.com

ABOUT DEINSTITUTIONALIZED
DeInstitutionalized, LLC is a full service production company committed to producing creative and diverse content for film, television and digital platforms. The company compliments its diverse slate of original programming by providing production services to many of the industry’s largest independent film and television distributors.

Contact:
Jill Calcaterra
jcalcaterra@cinedigm.com
310-466-5135

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Source: Cinedigm Digital Cinema Corp.

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