This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Strategic Relationship Between Cinedigm And Alloy Digital Creates Powerful Marriage Of Two Leading Digital Media Companies

Stocks in this article: CIDM

Cinedigm Entertainment Group (“CEG”), a division of Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), and Alloy Digital, LLC (“Alloy Digital”), a leading next generation media company, have entered into a strategic content distribution partnership. Cinedigm will offer packaged content from Alloy Digital’s immensely popular SMOSH and Clevver Media YouTube channel brands on ancillary transactional sales platforms, digital store fronts, VOD, SVOD, and home entertainment platforms. The two companies are also exploring a pilot program using Cinedigm’s digital distribution capabilities into movie theatres to bring Alloy Digitals highly engaging content brands to audiences across the United States. Additionally, the companies plan to develop recurring alternative content channels for theatres, as well as other independent film ventures.

“Given our digital footprint in theatres and our dominance across all digital distribution platforms, partnering with Alloy Digital, a prolific, successful and forward-looking media company, is a match made in heaven,” said Chris McGurk, Chairman and CEO of Cinedigm. “Together, we are rewriting the rules of distribution for a wide variety of content which audiences are clearly hungry to see.”

In the first phase of the partnership, the SMOSH and Clevver Media brands of Alloy Digital will produce a series of specials tailored to its core 12-34 year-old audience, which content Cinedigm will distribute to transactional sales platforms.

Alloy Digital CEO Matt Diamond said, “Cinedigm’s strong ancillary transactional sales platforms will allow us to further monetize these proven properties against a young audience with a strong appetite for our high-quality, professionally produced content. SMOSH and Clevver Media have entered YouTube’s exclusive one billion-plus view club, and partnering with Cinedigm will provide new and innovative platforms for further growth.”

Both Cinedigm and Alloy Digital have been in rapid growth mode this year. In April, Cinedigm acquired entertainment distributor New Video, the largest worldwide digital aggregator of independent content and leading distributor of quality entertainment. This deal enables Cinedigm to acquire and distribute independent films and specialty content both theatrically and through digital, mobile and home media platforms.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,839.73 +11.98 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs