|Bid||2.2600 x 1100|
|Ask||2.3400 x 1800|
|Day's Range||1.7600 - 2.2500|
|52 Week Range||0.2500 - 6.0000|
|Beta (5Y Monthly)||1.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
What happened Shares of Cinedigm (NASDAQ: CIDM), a provider of premium streaming content, jumped 16% on Thursday. The stock's gain followed two important deals for the company over the last few days, including a partnership to launch a new over-the-top (OTT) TV service with LiveXLive (NASDAQ: LIVX) and the debut of one of Cinedigm's TV series on Fox's (NASDAQ: FOX) (NASDAQ: FOXA) ad-supported service Tubi.
LOS ANGELES, July 02, 2020 -- Cinedigm (NASDAQ: CIDM) announced today that it will release its fourth quarter and fiscal year ended 2020 financial results for the period.
Tubi (www.tubi.tv), a division of FOX Entertainment, today announced it will bring 30 seasons of cult phenomenon The Joy of Painting – featuring the dulcet tones of Bob Ross’ voice and tap-tapping of his two-inch brush – to its massive library on the Docurama Channel from Cinedigm (NASDAQ: CIDM). Over 30 seasons and nearly 400 episodes will stream on Tubi by the end of July, absolutely free.
Cinedigm will secure international licensing and distribution of the channel on LiveXLive’s behalf. Since the beginning of 2020, Cinedigm has entered partnerships that have dramatically increased addressable device footprint to an estimated 330 million in North America, and an estimated additional 365 million overseas. LiveXLive has retained the U.S. and international first sales rights for advertising on LiveXLive’s channel, which will feature original shows like LiveZone, and has the option to acquire content from Cinedigm’s library of more than 30,000 digital film and television episodes to air on the channel.
Cinedigm (CIDM) announced today the launch of the all-new female-focused streaming linear channel MyTime Movie Network, to debut in early Fall 2020. MyTime Movie Network is the latest addition to Cinedigm’s growing portfolio of digital-first linear networks, which currently includes popular networks including The Bob Ross Channel, fandom network CONtv, family entertainment network Dove Channel, and the documentary-focused Docurama, among many others.
LOS ANGELES, June 25, 2020 -- Comedy Dynamics has officially launched its comedy app on VIZIO SmartCast, the award-winning Smart TV platform, showcasing a library of top-tier.
Cinedigm (CIDM) announced today a partnership with North American OTT streaming company FreeCast to bring nine of Cinedigm’s popular streaming networks to FreeCast’s rapidly growing streaming service SelectTV. Operated by next-generation television provider FreeCast, SelectTV makes it easier than ever to watch TV Shows, Movies, Events, and more online by organizing all of the web's entertainment into the world's most comprehensive SmartGuide.
Cinedigm Corp (CIDM) released Kyyba Films’ DEVIL’S NIGHT: DAWN OF THE NAIN ROUGE today on DVD and digital platforms including Apple, Amazon, FandangoNow, VUDU and more. Jesi Jensen (“Legends & Lies”) costars with Nathan Kane Mathers (brother of Marshall Mathers/Eminem) in his introductory role which is directed by Sam Logan Khaleghi. Aaron Herman Russman wrote the screenplay for the film that features original music from platinum selling artist Swifty McVay (Eminem’s former bandmate in D12) who also stars in the film.
In the current session, Cinedigm Inc. (NASDAQ: CIDM) is trading at $2.35, after a 0.86% spike. Over the past month, the stock increased by 172.41%, and in the past year, by 70.63%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 60.83%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Cinedigm Inc. has a lower P/E than the aggregate P/E of 5.87 of the Entertainment industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * 12 Communication Services Stocks Moving In Thursday's Pre-Market Session * 18 Communication Services Stocks Moving In Tuesday's Pre-Market Session * Afternoon Market Stats in 5 Minutes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cinedigm Corp. (CIDM) has announced a multi-film deal with Glass House Distribution starting with GUTTERBUG. Directed by Andrew Gibson, the award-winning film is scheduled to release on Digital and DVD on August 11. 2020. The partnership between Cinedigm and Glass House Distribution also includes the release of comedy CANADIAN STRAIN and thriller SAVIORS, both scheduled to release in September.
Cinedigm (CIDM) announced today a partnership with Team Whistle, a global media and entertainment company that includes Whistle, Tiny Horse, New Form and Vertical Networks, to accelerate the distribution of its Whistle TV streaming service. Whistle TV is an OTT Linear and VOD sports and entertainment network featuring Whistle original shows and premium library content from studios, networks and leagues across the industry.
Cinedigm (CIDM) today announced continued record growth in audience and viewership for its rapidly expanding portfolio of advertising-based streaming entertainment networks. In May 2020, Cinedigm’s Monthly Active Viewers reached approximately 13.2 million monthly active ad-supported viewers across Cinedigm’s digital networks distributed via linear Free Ad-supported TV (FAST) and Advertising Video on Demand (AVOD), up over 38% from the 9.7 million viewers reported in March 2020, and up nearly 193% from the 4.5 million viewers reported in October, 2019. FAST linear channel delivery reached approx. 10.4 million monthly active viewers across nine live channels across the company’s partner base including Xumo, Stirr, Samsung TV Plus™, The Roku Channel™, Vizio Watch Free™, DistroTV, Amazon’s IMDB TV, and many more.
LOS ANGELES, June 17, 2020 -- Cinedigm Corp. ("Cinedigm" or the "Company") (NASDAQ: CIDM) received formal notification from The Nasdaq Stock Market LLC ("Nasdaq") that the....
Cinedigm (CIDM) today announced the expansion of its automated distribution capabilities to include more than thirty OTT and digital platforms via the company’s software-as-a-service platform, Matchpoint Dispatch™. Additionally, the company announced the launch of new AI-based scene analysis and metadata enrichment capabilities that enable customers of Matchpoint to automatically generate contextual image-based metadata, identify nudity/profanity for compliance edits, create localized language versions, and via AI detect and generate advertisement insertion points. Developed over the last three years, Matchpoint is a next-generation digital content distribution platform that enables the world’s entertainment companies to distribute video content to all major AVOD/SVOD and TVOD platforms at scale.
Shares of content-distribution company Cinedigm (NASDAQ: CIDM) refused to go down with the market on Thursday. Cinedigm stock may be down from June highs, but it's been a big market beater over the past year. New distribution deals, like the one announced today, keep pushing the stock higher.
Cinedigm (CIDM) announced today a partnership with leading global media company SPI International to launch two new ad-supported streaming channels, Gametoon and FashionBox HD. Cinedigm will launch and distribute the ad-supported networks in North America and will work closely with SPI International on the marketing, audience development and monetization of the channels. SPI International operates 42 television channels with more than 65 million subscribers on six continents and is one of the largest aggregators of native Ultra HD content in the world.
Following Cinedigm’s (CIDM) acquisition of global streaming service Viewster, and the recent surge of Anime viewership on Cinedigm’s flagship platform CONtv, Cinedigm today announced the launch of CONtv Anime, a new 24/7 linear and AVOD network dedicated to streaming Japanese Anime films & series. The new linear channel begins streaming today across CONtv’s widespread footprint of more than 120 million connected devices and platforms including Roku, Amazon Fire, Apple TV, iOS Android, Vizio, and many more.
Cinedigm, (CIDM) a leading provider of OTT entertainment networks and content, announced a partnership with Vewd, the world’s largest Smart TV OTT software provider, offering Cinedigm’s portfolio of streaming entertainment networks on Vewd-enabled devices worldwide. As part of the agreement, Cinedigm’s networks will be available on an install base of more than 300 million Smart TVs and connected devices made by top brands such as Sony, Samsung, Skyworth, Hisense, Philips, and TiVo, among others.
Cinedigm (CIDM) announced the launch of The Bob Ross Channel on Roku (ROKU), an ad-supported, live and on-demand streaming platform. This marks the fourth domestic OTT platform to distribute the channel to their viewers, proving the resurgent popularity and strong interest across a broad range of demographics in Bob Ross’ original public television series. The Bob Ross Channel showcases memorable moments and incredible paintings from the series, featuring approximately 380 classic episodes and delivering hours of quality entertainment that is enjoyable for the whole family.
NEW YORK and LOS ANGELES, June 02, 2020 -- Leading independent entertainment studio Cinedigm (NASDAQ: CIDM) has announced a strategic partnership with SpringServe, the leading.
LOS ANGELES, May 29, 2020 -- Cinedigm Corp (NASDAQ: yea, CIDM) announced today that it has acquired all North American Distribution rights to Cotton Films’ EVERYDAY MIRACLES, a.
The Benchmark Company announced the closing on May 22nd of a Registered Direct Offering of 10,666,666 shares of common stock of Cinedigm Corp. (CIDM) at a purchase price of $.75 per share priced at-the-market under Nasdaq rules for gross proceeds of $8 million. Cinedigm intends to use the net proceeds from the offering for general corporate purposes. Since inception, Cinedigm (CIDM) has been a leader at the forefront of the digital transformation of content distribution.
In addition to millions of e-books, audiobooks, and magazines, Scribd subscribers will now get free access to music, movies, documentaries, comics, educational games, and more through “Scribd Perks,” including Cinedigm’s (CIDM) CONtv + Comics. “With millions of people around the world continuing to shelter in place, having access to different forms of enrichment is more important than ever before,” said Trip Adler, CEO and co-founder of Scribd.
The Benchmark Company LLC and A.G.P./Alliance Global Partners are acting as co-lead placement agents for the offering. This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-238183) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.
LOS ANGELES, May 20, 2020 -- Cinedigm (NASDAQ: CIDM) announced today that IMDb TV is now offering Cinedigm’s free ad-supported linear channels CONtv, Dove Channel, Comedy.