Cinedigm's Family-Friendly Streaming Service The Dove Channel Announces Record Growth Milestones
Cinedigm (NASDAQ:CIDM) reports significant growth for its family-friendly streaming service, The Dove Channel. Total channel subscribers exceeded 663,000, marking an impressive 1,133% year-over-year increase. Monthly ad-supported viewers also surged to over 5.4 million, a 47% rise from the previous year. This growth stems from strong demand on major distribution platforms like Amazon Prime and Roku. In response, Cinedigm plans to invest in exclusive content and expand its advertising initiatives, further solidifying Dove Channel’s position in the market.
- Total subscribers for The Dove Channel exceed 663,000, up 1,133% year-over-year.
- Monthly ad-supported viewers surpass 5.4 million, reflecting a 47% year-over-year increase.
- Significant growth driven by demand on platforms like Amazon Prime, Roku, and Comcast.
- Plans to invest in exclusive programming and develop a direct ad sales channel.
- None.
- Total Channel Subscribers surpasses 663,000, up 1,
133% Year over Year - Monthly ad-supported viewers surpasses 5.4 Million, up
47% Year over Year
LOS ANGELES, CA / ACCESSWIRE / March 31, 2022 / Cinedigm (NASDAQ:CIDM), the leading streaming company super-serving enthusiast consumers, today announced record-breaking milestones for its family-friendly streaming service The Dove Channel®.
With a focus on wholesome and uplifting content that families can enjoy together, the channel continued to grow at a record-breaking pace, surpassing an estimated 663,000 paid subscribers in February 2022 - up over 1,
In addition, Cinedigm's free on-demand and linear versions of The Dove Channel show strong uptake with consumers who prefer a free, ad-supported option, with total monthly viewers growing to 5.4 million in February 2022, up
"Given the challenges of these trying times over the last few years, the appetite for uplifting, wholesome movies and shows that families can watch together has dramatically expanded," said Erick Opeka, Cinedigm's Chief Strategy Officer, and President of Cinedigm Networks. "The Dove Channel has rapidly risen to become our most successful subscription service and is among the top three of all ad-supported services in our portfolio. The enthusiastic responses from platforms, advertisers, and consumers reiterates the important position our service fills in America's households."
With Dove's rising stature in Cinedigm's portfolio, the Company plans on ramping up investment in exclusive programming and new television series. In addition, the channel will be at the forefront of key initiatives announced by Cinedigm this week to develop a direct ad sales channel and launch new fiction and non-fiction Podcasts with the same wholesome perspective. The Company will also leverage the 7,500-title library of Digital Media Rights, the streaming company that Cinedigm acquired this week, as a source of substantial additional kids and family programming. Finally, the channel will also re-launch on Cinedigm's new Matchpoint 2.0 app framework later this year and will also expand platform support across key leading platforms including Amazon Fire TV, Apple TV, and more.
"Cinedigm's focus is on building great enthusiast experiences, and the Dove Channel is no exception," said Opeka. "We will devote our efforts to expanding Dove's content and enhancing our technology offerings, in turn, driving considerably more revenue from both new subscribers as well as key, direct advertisers looking for a brand-safe environment."
Launched in 2015 as a response to high consumer demand for audience-appropriate titles, The Dove Channel offers viewers safe programming options and full access to a library of high-quality, family-safe films, children's programs, documentaries, and television series. Recent titles include Forever Strong starring Sean Faris, The Ultimate Gift featuring Abigail Breslin and Catching Faith with Bill Engvall. The channel capped off a strong year of programming in 2021 with a slate that included heartwarming holiday films like An Accidental Christmas and A Christmas Tree Miracle.
The Dove Channel is available to stream on Samsung, ROKU, Comcast, Redbox, Vizio, Tubi, Xumo, Sling, Plex, TCL, Local Now, Frndly, YouTube, LG and on dovechannel.com.
About Cinedigm
For over 20 years, Cinedigm (NASDAQ:CIDM) has led the digital transformation of the entertainment industry. Today, Cinedigm entertains consumers around the globe by providing premium feature film and television series, enthusiast streaming channels and technology services to the world's largest media, retail, and technology companies. Cinedigm continues its legacy as an innovator through its adoption of next-generation technologies, such as artificial intelligence and machine learning, across its proprietary, highly scalable Matchpoint® technology platform. For more information, visit cinedigm.com.
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.
Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cinedigm officials during presentations about Cinedigm, along with Cinedigm's filings with the Securities and Exchange Commission, including Cinedigm's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cinedigm's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cinedigm, its technology, economic and market factors and the industries in which Cinedigm does business, among other things. These statements are not guarantees of future performance and Cinedigm undertakes no specific obligation or intention to update these statements after the date of this release.
For additional information:
Investor Relations Contact:
High Touch Investor Relations
Cinedigm@htir.net
Media Contact:
DKC Public Relations
cinedigm@dkcnews.com
SOURCE: Cinedigm Corp.
View source version on accesswire.com:
https://www.accesswire.com/695422/Cinedigms-Family-Friendly-Streaming-Service-The-Dove-Channel-Announces-Record-Growth-Milestones
FAQ
What are Cinedigm's recent milestones for CIDM?
How has The Dove Channel's growth impacted CIDM's strategy?
What platforms feature The Dove Channel?
When did The Dove Channel reach its latest subscriber milestone?
What is Cinedigm's stock symbol?
