QualityStocks would like to highlight Cinedigm Digital Cinema Corp. (
NASDAQ: CIDM), the leader in providing the services, experience, technology, and content critical to transforming movie theaters into digital and networked entertainment centers. The company is a technology and services integrator that works with Hollywood movie studios, independent movie distributors, and exhibitors to bring movies in digital cinema format to audiences across the country. Cinedigm's digital cinema deployment organization, software, unique combined satellite and hard drive digital movie delivery network; pre-show in-theater advertising services; and distribution platform for alternative content such as CineLive® 3-D and 2-D sports and concerts, thematic programming and independent movies provide a complete suite of services required to enable the digital theater conversion.
In the company’s news,
Cinedigm and Universal Studios Home Entertainment have announced a strategic multi-year agreement. Premier home entertainment company, Universal Studios will provide supply-chain services across the United States for Cinedigm’s growing library of digital films and other content. Cinedigm’s existing sales team will continue implementing sales directly to consumers.
Cinedigm’s existing library holds over 5,000 titles of which includes acclaimed independent films, award-winning documentaries from Docurama Films®, next-gen indies from Flatiron Film Company®, as well as festival picks through partnerships with Tribeca Film and the Sundance Institute. Cinedigm also distributes award-winning and Oscar®-nominated films.
Chris McGurk who currently sits as Chairman of the Board and as CEO of Cinedigm commented, “Having worked with Craig Kornblau at both Disney and Universal, I’m thrilled to be working with him and the entire Universal Studios Home Entertainment team again. With Universal by our side, we look forward to rapidly expanding our home entertainment business and are certain that more opportunities to work together will develop as this partnership evolves.”
“Cinedigm is an excellent complement to our evolving portfolio of distribution partners,” stated Craig Kornblau who currently implements the role of President of Universal. “Chris and his team have created an innovative, entrepreneurial and fast-growing company with a substantial film and television library, which, paired with Universal’s formidable home entertainment distribution structure, effectively positions our companies for a long and prosperous collaboration.”
Chief Strategy Officer of Cinedigm, Bob Fiorella, oversaw all negotiations leading to the agreement on Cinedigm’s behalf. It has been over a decade of innovation for Cinedigm, leader of the digital distribution revolution.
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