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Cinedigm to Acquire Future Today Inc.

Cinedigm Corp (CIDM)  More Company Research Source: GlobeNewswire
Last cinedigm corp earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.cinedigm.com
PDF Acquisition of One of the World’s Largest AVOD Channel Networks Increases Cinedigm’s OTT Footprint to over 7.6 Million Monthly Active Users and 67 million app installs Immediately Accretive Deal Will Bring 200,000 plus content assets, 85 million plus monthly video views, 350 plus content partners, 700 plus channels and a fully scaled OTT advertising footprint LOS ANGELES, March 15, 2019 (GLOBE NEWSWIRE) -- Cinedigm Corp (NASDAQ: CIDM) announced that it has entered into a definitive agreement to acquire Future Today, Inc, a market-leading OTT platform and one of the largest AVOD channel networks in the world, for $45 million in cash and $15 million in Cinedigm common stock. The acquisition increases Cinedigm’s OTT footprint to over 7.6 million Monthly Active Users and 67 million total app installs and is expected to be immediately accretive.  Future Today generates positive net income and healthy cash flow, with revenues increasing by almost 150% in calendar year 2018 to an estimat [Read more]

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