Cinedigm Announces Rapid Subscriber Growth and Expanding Independent Content Offering on Fandor

Rhea-AI Summary

Cinedigm (NASDAQ:CIDM) announced a remarkable 39% year-over-year subscriber growth for its streaming service, Fandor, since its acquisition in January 2021. The growth stems from an expanding library of independent films and documentaries. Additionally, nearly 100 new titles have been added, with plans to include hundreds more, including from the newly acquired Films Around the World library. Future initiatives include launching The Fandor Channel and an NFT-based film label, Fandor Selects™, aiming to enhance the independent cinema experience.

Positive

• 39% year-over-year subscriber growth on Fandor since January 2021.
• Expansion of Fandor's library with nearly 100 new titles.
• Plans to add hundreds of additional films in the coming months.
• Launch of The Fandor Channel for 24/7 independent cinema streaming.
• Introduction of Fandor Selects™, an NFT-based film label.

Negative

• None.

Cinedigm Reports 39% Subscriber Growth on Fandor Following January 2021 Acquisition

LOS ANGELES, CA / ACCESSWIRE / May 14, 2021 / Cinedigm (NASDAQ:CIDM), the leading independent streaming entertainment company super-serving enthusiast fan bases, announced today that the Company's SVOD streaming service, Fandor, called "The Netflix for Indie Film" by The Wall Street Journal, is reporting significant growth in year-over-year monthly user subscriptions following regular increases to content offered on the Fandor Amazon Prime channel.

Since the Cinedigm acquisition in January 2021, Fandor has achieved 39% year-over-year subscriber growth on the Amazon Prime service in April. Fandor's rapid subscriber growth is augmented by the service's continuously expanding library of top-tier independent films, documentaries, and international titles.

New arrivals on Fandor following the acquisition have included close to one hundred exceptional, hand-picked titles, including multiple award-winning classics and well-known titles from The Film Detective and Docurama, two of the Company's leading streaming services. Cinedigm plans to add hundreds of additional titles to Fandor in the coming months, including recent restorations from the newly acquired Films Around the World library.

New arrivals currently available on Fandor include filmmaker Joshua Oppenheimer's follow-up to The Act of Killing (2012) and Best Documentary Oscar-nominee, The Look of Silence (2014) and the star-studded collaboration of storytelling featuring Natalie Portman and Bradley Cooper, New York, I Love You (2008).

Fandor's consistent monthly growth represents Cinedigm's commitment to driving unparalleled cinematic experiences on the platform. Recent initiatives have included weekly Fandor online film trivia for fans from the independent film community.

"We look forward to bringing an unforgettable streaming experience to new subscribers and existing fans of independent film, genre film, classics, and episodic series on Fandor," said Phil Hopkins, President of Fandor, "In the coming months, Fandor will be welcoming partnerships with multiple streaming leaders to bring film enthusiasts a continuously updated curated library of the best in independent cinema."

Future plans include the launch of The Fandor Channel, a 24/7 linear streaming channel available across multiple devices, dedicated to offering the best independent cinema collection from around the world, as well as elevating new and exciting voices in the film industry. Upcoming initiatives will also include the relaunch of the Fandor app and its accompanying web platform as well as the relaunch of Keyframe, the online editorial publication of written and video essays from leading journalists in the world of cinema.

Cinedigm also recently announced the launch of Fandor Selects™, a new NFT-based film label dedicated to releasing limited editions of significant classic, contemporary and world cinema. Fandor Selects™ will release each film as a collection, which will include a high-definition, restored transfer from the original 35mm film elements in 2K and 4K, supplemental features, interviews and commentaries, along with limited edition stills, GIFs, original and alternative posters from leading artists, with all items in the bundle minted as NFTs. Each bundle will be a limited edition run and will be competitively priced to make collecting films within reach for mainstream consumers.

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Media Contact:
Kerry Ryan
kryan@cinedigm.com

About Fandor
Fandor streams thousands of handpicked, award-winning movies from around the world. A wholly owned division of Cinedigm (NASDAQ:CIDM), Fandor offers dozens of genres that include Hollywood classics, undiscovered gems, and the latest festival favorites available on Amazon Prime. With a rapidly expanding library and innovative partnerships, Fandor's goal is to captivate and inspire a global community of movie lovers. Learn more at https://www.fandor.com/.

About Cinedigm
For more than twenty years, Cinedigm (NASDAQ:CIDM) has led the digital transformation of the entertainment industry. Today, Cinedigm entertains hundreds of millions of consumers around the globe by providing premium content, streaming channels and technology services to the world's largest media, technology and retail companies.

Cinedigm uses, and will continue to use, its website, press releases, SEC filings, and various social media channels, including Twitter (https://twitter.com/cinedigm), LinkedIn (https://www.linkedin.com/company/cinedigm/), Facebook (https://facebook.com/Cinedigm), StockTwits (https://stocktwits.com/CinedigmCorp) and the Company website (www.cinedigm.com) as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases, SEC filings, and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releases, SEC filings and on the social media channels identified above, as such information could be deemed to be material information.

SOURCE: Cinedigm Corp.

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FAQ

What is the recent subscriber growth percentage for Cinedigm's Fandor?

Cinedigm's Fandor reported a 39% year-over-year subscriber growth.

When did Cinedigm acquire Fandor?

Cinedigm acquired Fandor in January 2021.

What new initiatives is Cinedigm launching for Fandor?

Cinedigm plans to launch The Fandor Channel and Fandor Selects™, an NFT-based film label.

How many new titles has Fandor added recently?

Fandor has added nearly 100 new titles since the acquisition.

What are some notable films recently added to Fandor?

Recent additions include The Look of Silence and New York, I Love You.