Cinedigm Agrees To Acquire Global VOD Services Viewster and Viewster Anime
Cinedigm Corp - Class A (CIDM)
Last cinedigm corp - class a earnings: 2/13 04:05 pm
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Source: GlobeNewswire
LOS ANGELES, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Cinedigm (NASDAQ: CIDM) announced today the agreement to acquire the global OTT VOD service Viewster and its subsidiary platform Viewster Anime, in an important move that further bolsters the Company’s already-extensive OTT content portfolio while adding an established and well-known property with trademarks in more than 30 countries around the world. Viewster and Viewster Anime’s roster of fandom offerings will be immediately combined into Cinedigm’s library of channels and content, with the Company taking over operation of all content, applications, and social assets belonging to both platforms. Ad sales will be handled in-house and through Cinedigm’s network of partners. Cinedigm expects the acquisition to be consummated in January 2019. Founded in Zurich, Switzerland in 2007, Viewster quickly emerged as a competitive force in the global Video On Demand industry. Cinedigm plans to make Viewster a core part of its ad-based content s
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