January 31, 2019
Home entertainment distributor Cinedigm announced several milestones for its portfolio of over-the-top video services – including an estimated 2.4 million monthly active ad-supported viewers and 102,000 active subscribers.
The Los Angeles-based distributor’s OTT channels, which include Dove Channel, CONtv, Docurama, CombatGo and Wham Network, offer nearly 12,000 hours of movie, television and live entertainment.
Pending services include Korean, Chinese and South East Asian pop culture network HallyPop and Bambu, offering Chinese action movies, serial dramas, romantic comedies, sci-fi, horror, as well as music and reality series to American audiences.
Cinedigm said it facilitated channel launches across 10 new distribution partners over the last two quarters, including Dish Network, Sling TV, Comcast Xfinity, Samsung TV Plus, Xumo, Pluto TV, Sinclair’s Stirr, Vizio Watch Free TV, and The Roku Channel, representing a total base of more than 126 million customers and devices.
“Our accomplishments in the last few months demonstrate Cinedigm’s vision of effectively delivering premium OTT entertainment content globally, no matter the device or business model,” Erick Opeka, president of Cinedigm Digital Networks, said in a statement.
Opeka said the company would continue to focus on launching new channels, investing in technology, growing the user base, monetizing ad-supported offerings and expanding its footprint of addressable devices.
Indeed, Cinedigm OTT services achieved 370% year-over-year growth in ad-supported user base across linear and ad-supported VOD platforms. Achieved over 205% quarter-over-quarter growth in connected television ad-requests. Grew content library by 6,200 film and television assets – more than 116% year-over-year.
Grew total social media footprint to 857,000 followers across YouTube, Facebook, and Instagram.
Cinedigm also acquired ComicBlitz, a subscription digital comic service, and announced the acquisition of Viewster, a pop-culture ad-supported streaming service. These acquisitions add more than 7,100 movie, television and digital publishing assets from more than 70 content partners.
It launched Matchpoint, an OTT platform and application framework that speeds time to market, while reducing the total operating expense for channel operators and content distributors.