Cinedigm Announces First Quarter Fiscal 2019 Financial Results
Cinedigm Corp - Class A (CIDM)
Last cinedigm corp - class a earnings: 2/13 04:05 pm
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Source: GlobeNewswire
LOS ANGELES, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: CIDM) today announced financial results for the first quarter fiscal 2019, which ended June 30, 2018. Key Financial and Operating Results: Consolidated revenues were $13.1 million, down 14% due to the expected decline in the legacy cinema equipment business where revenues were down 27%, partially offset by Content & Entertainment revenues that were up 9% to $6.0 millionContent & Entertainment Adjusted EBITDA was up 31% versus the prior yearNet loss to common stockholders was $3.4 million, an improvement of 35% versus the prior year quarterThe Company closed a multi-year, multi-title content distribution agreement with Nelvana, Canada’s premier animation company and a leading global producer of children’s content. The agreement includes DVD and transactional digital content for the associated Nelvana library and includes over 3,000 television episodes with premium worldwide brands such as Franklin, Babar and Be
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