Cinedigm Names Supriyo Mookherjee Chief Operating Officer of Cinedigm India

Rhea-AI Summary

Cinedigm (NASDAQ:CIDM) announced the appointment of Supriyo Mookherjee as Chief Operating Officer of Cinedigm India. This move follows the acquisition of FoundationTV, enhancing Cinedigm's capabilities in the streaming market. Mookherjee aims to position the company as a key player in content distribution across India and South East Asia, focusing on AVOD, SVOD, and FAST services. His extensive experience includes significant roles in media technology and broadcasting, which are expected to drive Cinedigm's expansion in the growing OTT industry.

Positive

• Appointment of Supriyo Mookherjee as COO to drive growth in India and South East Asia.
• Acquisition of FoundationTV strengthens technological capabilities.
• Expansion into lucrative South Asian market enhances Cinedigm's global footprint.
• Plans to establish a proprietary content distribution platform, Matchpoint.

Negative

• None.

Newest Division of Cinedigm will Develop Streaming Services for Booming Indian & South Asian Markets in Addition to Powering Cinedigm's Global Portfolio of Streaming Services

LOS ANGELES, CA / ACCESSWIRE / June 17, 2021 / Cinedigm (NASDAQ:CIDM), the leading independent streaming entertainment company super-serving enthusiast fan bases, announced today the appointment of Supriyo Mookherjee as Chief Operating Officer of Cinedigm India. This appointment comes on the heels of Cinedigm's recent acquisition of FoundationTV, a comprehensive video streaming technology, artificial intelligence, machine-learning, and data analytics platform provider. As the Chief Operating Officer, Supriyo is tasked with establishing Cinedigm India as a key content distribution & licensing entity in India and all of South East Asia. This includes leading the global expansion of Cinedigm's current streaming channels and services in this burgeoning market as well as the development of future, regionally focused services across AVOD/SVOD & free ad-supported television (FAST) video streaming platforms.

Supriyo brings extensive media technology experience across content production, content distribution and content monetization lifecycle across Broadcast Television, Film, Radio and Print. Throughout his career, he has developed online and mobile media properties for major content platforms and telco storefronts for B2C and B2B2C channels across India, South East Asia, the Middle East and Africa. Prior to joining Cinedigm India, Supriyolead the Content & Media teams at Ericsson India, focusing on media issues and how the company's technology could facilitate solutions within the digital and video streaming industry. At Ericsson he also served a longstanding role at Ericsson Global Services working across various functional and distributed global teams focused on the media sector while also providing global media brands with content distribution services. Prior to his role at Ericsson, Supriyo was instrumental in launching 18 channels across TV, News and Entertainment as the General Manager of Sahara TV, one of the most popular general entertainment TV networks in India with a global reach of 63 countries.

In his new role, Supriyo looks to build on his past media experience to develop key partnership opportunities that will establish Cinedigm India as a key distributor of SVOD, AVOD & FAST services (carriage-fee based, pre-paid & post-paid). In addition, he will work to leverage the Company's expertise in content distribution to establish Cinedigm's proprietary content distribution platform, Matchpoint, as a highly scalable solution for content owners seeking to expand their distribution footprint. Supriyo will also be responsible for expanding the global footprint of Cinedigm's extensive content library across various platforms in the Asian region spanning India, SEA and MEA as well as other developing markets. He will also drive new content deals from the lucrative South Asian market for distribution in North America across Cinedigm's current and future portfolio of SVOD, AVOD and FAST streaming services.

"We are thrilled to have an executive of Supriyo's caliber and with his breadth of experience join our management team in such an important role at a pivotal time for our Company," said Tony Huidor, Senior Vice President, Product & Technology & General Manager, Digital Networks at Cinedigm. "Supriyo's leadership experience and expertise in media technology will not only help Cinedigm India to establish itself as a leader in the emerging OTT industry in the region but also introduce our streaming services to a whole a new audience across the entire South Asian sub-continent."

Supriyo said "I am excited to join the Company as we continue to expand Cinedigm's global footprint. Cinedigm's global expansion in streaming has been driven by a strong portfolio of channels, state of the art technology platforms, as well as first class content. The company's strong acquisition strategy has led to an increase in viewership across its streaming channels, and I am eager to see the continued growth as we open up the channels to a new audience in the South Asian market."

An innovator in the digital transformation of the entertainment industry for more than two decades, Cinedigm's core mission is to entertain the world by building the world's best portfolio of enthusiast channels and services for the streaming generation. Through a diverse mix of premium SVOD services and dedicated AVOD and FAST channels, Cinedigm's streaming portfolio reaches indie film (Fandor), horror (Screambox & Bloody Disgusting) and family entertainment (Dove Channel), as well as dedicated channels for iconic entertainers, led by Bob Ross (The Bob Ross Channel). Cinedigm's ultimate goal is to build destinations that immerse viewers in content they love while staying at the forefront of technology as the streaming industry continues to evolve.

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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.

About FoundationTV:

FoundationTV is a Streaming Platform company founded in 2013 (originally called JunctionTV) by a group of veterans from Apple, Oracle, Yahoo, NEC, and SAP with deep expertise in media, big data, cloud, and distributed systems. The company is headquartered in Santa Clara, CA and Kolkata, India, and focuses on cloud-based media intelligence and automation. FoundationTV's 3rd Generation Media Intelligence platform MI-3 leverages a massively scalable cloud-native infrastructure with AI and Machine Learning algorithms to offer a data-driven and highly automated streaming service. Customers include broadcasters, cable/MSO, and OTT operators, who use MI-3 for optimizing subscriber engagements with intelligent media insights, recommendation/discovery services and consumer experience automation. Additional information on the founders can be found at https://tinyurl.com/foundationTV. More information on FoundationTV can be found at http://www.foundationtv.net/

PRESS CONTACT FOR CIDM:

DKC Public Relations
cinedigm@dkcnews.com

High Touch Investor Relations
Cinedigm@htir.net

SOURCE: Cinedigm Corp.

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FAQ

What is the significance of Supriyo Mookherjee's appointment at Cinedigm?

Supriyo Mookherjee's appointment as COO is significant as he will lead Cinedigm's expansion into the Indian and South East Asian streaming markets, capitalizing on his extensive media technology experience.

How will Cinedigm benefit from the acquisition of FoundationTV?

The acquisition of FoundationTV will enhance Cinedigm's capabilities in video streaming technology and data analytics, supporting its expansion efforts in various markets.

What are Cinedigm's plans for the South Asian market?

Cinedigm plans to develop key partnerships and establish itself as a leader in the South Asian market by focusing on AVOD, SVOD, and FAST streaming services.

What is Cinedigm's strategy for its streaming services?

Cinedigm's strategy involves expanding its global streaming portfolio through innovative technology and partnerships to access new audiences in emerging markets.