Cinedigm announced this week that it has reached record breaking milestones for its streaming services. In March, Cinedigm’s subscriber count reached approximately 23.8 million monthly active users across its ad-supported digital networks, a 208% increase year over year.
Cinedigm also shared that its total subscriber count across
its subscription streaming services surpassed 640,000, a 574% increase year
“A year ago, we announced an aggressive strategy to rapidly
expand our footprint of FAST linear streaming and AVOD channels, and to also
rapidly expand our SVOD channel subscriber growth through M&A, distribution
expansion, and partnerships,” said Erick Opeka, Chief Strategy Officer and
President of Digital Networks for Cinedigm. “Today, we are pleased to show
that, in a turbulent world for entertainment, the relentless focus of our
incredible team is paying off in record growth in subscribers, free viewers,
engagement, and ultimately, revenue.”
Cinedigm’s portfolio of networks includes The Bob Ross
Channel, Dove Channel, Docurama, and more. Reccently, the company acquired five
products including Screambox, with plans to relaunch the horror film service.
“I am proud of the efforts of Cinedigm’s team to not only
execute on five M&A transactions a matter of months, but also conduct major
channel and product launches and planning amidst an already aggressive growth
trajectory,” said Opeka. “This reflects the extensive competitive advantage
that Cinedigm holds in executing a highly complex and technical roll-up
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Source: Cord Cutters News