Cinedigm Joins Forces with Global Technology Powerhouse LeEco to Launch New Streaming Content Program
Dove Channel and CONtv selected as key partners in LeEco's
Expansion to U.S.
LOS ANGELES--(BUSINESS WIRE)--
Cinedigm Corp. (NASDAQ: CIDM) today announced a partnership with leading
global company LeEco to launch a new streaming content program as part
of LeEco's U.S. launch. Cinedigm's over-the-top streaming channels --
Dove Channel and CONtv-will be available to LeEco consumers on LeEco's
ecophones and ecotvs. In addition, select Cinedigm content will also be
available within Live, LeEco's innovative integrated content channel.
The two companies are exploring additional partnership opportunities for
channels and content both domestically and overseas.
LeEco is a leading global company that provides breakthrough experiences
through an open, integrated ecosystem of streaming content, enabled by
its Internet and cloud platform, and a wide array of next-generation
connected smart devices - including smartphones, TVs, bikes, VR and
The deal brings over 4,000 hours of high quality programming to LeEco
Initial Cinedigm channels accessible within LeEco's ecosystem are:
DOVE CHANNEL, which is targeted to the family
audience and offers meaningful mainstream movies, independent films,
documentaries and heartwarming TV series and children's programs. All
of Dove Channel's carefully curated content reflects the time-honored
standards of The Dove Foundation and its trusted Seal of Approval.
CONtv, which is targeted to the enormous
and avid Comic Con audience, comprised largely of Millennials. The
channel currently boasts 2,500 hours of original programming, curated
films and TV episodes, and exclusive Comic Con panel coverage from
dozens of annual nationwide conventions.
"We are thrilled with this new partnership with LeEco, a remarkably
inventive and fast growing global entertainment and technology
powerhouse," said Chris McGurk, Cinedigm Chairman and CEO. "Having CONtv
and Dove Channel included in LeEco's U.S. launch is another big step
forward for our streaming OTT expansion. We look forward to working with
LeEco on additional opportunities to supply more channels and content to
support their North American expansion, as well as to explore
opportunities to expand internationally on their ecosystem."
"This partnership with one of the world's most innovative companies
continues our mission of expanding our channel footprint across new
devices and platforms," said Erick Opeka, EVP of Digital Networks for
Cinedigm. "This is our fourth major distribution deal this year, and
underscores Cinedigm's critical role in delivering content and channels
to the more than $36 billion global OTT & video revenue business."
Cinedigm is a leading independent content distributor in the United
States, with direct relationships with thousands of digital platforms
and retail storefronts, including iTunes, Netflix, Amazon, Wal-Mart and
Target, as well as the national Video on Demand platform on cable
television. Cinedigm has a distribution library of over 60,000 film and
Additionally, given Cinedigm's infrastructure, technology, content and
distribution expertise, the Company has rapidly become a leader in the
quickly evolving over-the-top digital network business. Cinedigm's first
channel, DOCURAMA, launched in May 2014, and is currently available on
iOS, Roku, Xbox and Samsung, with additional platforms currently being
rolled out. Cinedigm launched CONtv, a Comic Con branded channel, on
March 3, 2015. The Company's third OTT channel, DOVE CHANNEL, launched
on September 15, 2015 and is a digital streaming subscription service
targeted to families and kids seeking high quality and family friendly
content approved by Dove Foundation. Combined, the three streaming
channels currently provide more than 5,500 hours of content to viewers
across more than 3 million app downloads.
Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm
View source version on businesswire.com: http://www.businesswire.com/news/home/20161019005262/en/
Jill Newhouse Calcaterra, 310-466-5135
Source: Cinedigm Corp.
News Provided by Acquire Media
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