Cinedigm Reports 34% Q1 Digital Revenue Increase

Cinedigm July 13 announced its strongest fiscal first-quarter (ended June 30) performance in more than five years. Citing the current stay-at-home environment among consumers, streaming video viewership increased across all platforms, including transactional VOD. Digital revenue increased 34% from the previous-year period.

“We have been laser focused on aggregating and distributing thousands of titles to the key streaming platforms like Netflix, Apple and Amazon given the huge demand for independent premium content we are seeing from both existing and newly launched platforms,” said Yolanda Macias, EVP of Cinedigm Entertainment Group.

Macias said that with existing and new streaming platforms requiring a steady supply of digital content to keep pace competitively, Amazon, Apple, Vudu, Google, InDemand EST, Hoopla, Microsoft, Sony and Fandango Now all generated their strongest performance levels in history with Cinedigm — achieving over 60% year-over-year quarterly growth.

Los Angeles-based Cinedigm said next-day such as Hallmark’s “When Calls the Heart,” and ITV’s “Good Witch” series achieved strong consumer sales. Cinedigm orchestrated several consumer promotional programs to accelerate sales of digital catalog — including “Spring Sales,” “Mother’s Day,” “AnimeMay” and “June Weddings.”

Cinedigm closed eight new AVOD deals, including Redbox TV, Google and Fuse. Five more expansion deals are in process.

For children out of school and parents left to homeschool, Cinedigm has rolled out strategic promotions, including digital download activity books, digital bookmarks, and coloring books that coincide with educational content to increase content consumption and engage the platform’s audience.

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Cinedigm achieved 70% and 115% growth in Q1 from the previous-year period with content distribution partnership with Hoopla and Overdrive, respectively. In addition, the company executed a new business deal with Kanopy, a college library digital platform.

Cinedigm distributes film and TV content to more than 70 digital platforms in 180+ territories. Branded content includes co-productions in the action, western and military genres along with family (Hallmark, ZDF), anime (Konami Cross Media) and sports championship programs (NFL, NHL).

“We expect to continue these strong results going forward as our relationships with content producers and streaming content distribution platforms continue to get stronger and expand,” Macias said.

Sony Pictures Entertainment Takes Full Ownership of Game Show Network

Sony Pictures Entertainment has acquired AT&T’s minority stake in Game Show Network for $500 million, the two companies announced.

SPE now owns 100% of the multimedia entertainment company offering original and classic game programming to millions of subscribers through the U.S.-based cable network. It also offers online and mobile games to millions of users through GSN Games. Following the transaction, the Game Show Network channel will continue to be carried on DirecTV.

Prior to the transaction, SPE owned a 58% stake in Game Show Network, and AT&T owned the remaining 42%.

Game Show Network will continue to be managed by Sony Pictures Television with Mark Feldman continuing as president and CEO of the multimedia outlet.

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“We’re excited to bring Game Show Network fully into the Sony Pictures Entertainment portfolio,” said Mike Hopkins, chairman, Sony Pictures Television, in a statement. “The acquisition allows us to work more closely with the company’s talented team to deliver the best iconic game shows, develop and syndicate new game show IP for audiences across the nation, as well as to advance the fast-growing GSN Games business, all of which directly aligns with our strategy of developing targeted direct-to-consumer offerings.”

Game Show Network television programming includes originals such as “America Says,” “The Chase,” “Common Knowledge” and “Catch 21,” syndicated shows including “Wheel of Fortune” and “Family Feud,” and classics including “The $25,000 Pyramid” and “Card Sharks.” GSN Games’ collection of mobile games includes GSN Casino, Bingo Bash, Wheel of Fortune Slots, Solitaire TriPeaks and WorldWinner.

Financial Streaming Video Service ‘Asset TV’ Hires Bloomberg News Reporter

Wall Street has long been a favorite genre for television and the Internet with myriad programs devoting real-time coverage to market transactions, fluctuations and news.

Now, U.K.-based digital media company Asset TV is looking to raise its profile in the United States with the hiring of Bloomberg News business reporter Laura Keller to lead its editorial coverage.

In a newly created role – Americas head of content and editor at large – Keller will act as the lead anchor of Asset TV, responsible for broadening and strengthening the streaming service’s video offerings, editorial content and partner programming. Keller will also manage talent development, including overseeing on-air talent and guest contributors in the U.S., Canada and Latin America.

She reports to Neil Jeffery, EVP and head of Americas at Asset TV.

“When I began our search to fill this new senior role I knew it would be a tall order to find one person with the right combination of journalism experience, a deep understanding of financial markets, and the skills to effectively manage teams and develop alliances,” Jeffery said in a statement. “Laura Keller is the perfect fit.”

At Bloomberg News, Keller was a frequent contributor to programming, including its television and radio networks and conference series. She has also been a periodic guest of C-SPAN, CBSN, NPR, Cheddar TV, CBS Radio, and NBC. Keller has become known for her stories about work life and culture on Wall Street, including at large banks like Bank of America Corp., Credit Suisse and Wells Fargo.

Keller earned a master’s degree in journalism with a concentration on broadcast in 2012 from Columbia University, where she also studied credit derivatives at Columbia Law School. She holds a dual bachelor’s degree in economics and print journalism from the University of Southern California, where she was editor-in-chief of The Daily Trojan.