Cinedigm (CIDM) Reports Q4 Revs of $19.6M
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June 29, 2017 4:05 PM EDT
Bison Capital Will Take Majority Ownership Stake While Providing
Substantial Additional Financing and New Business Opportunities in China
LOS ANGELES--(BUSINESS WIRE)--
Cinedigm Corp. (NASDAQ: CIDM) (the Company or Cinedigm) today
announced that on June 29, 2017, the Company entered into a Stock
Purchase Agreement with Bison Entertainment Investment Limited, the
wholly owned subsidiary of Bison Holding Company Ltd. (Bison Capital).
The Company has agreed to sell to Bison Capital 20,000,000 shares (the
Shares) of Cinedigms Class A common stock, par value $0.001 per share
(the Class A Common Stock), for an aggregate purchase price of up to... More
June 29, 2017 4:05 PM EDT
LOS ANGELES--(BUSINESS WIRE)--
Cinedigm Corp. (NASDAQ: CIDM) today announced financial results for the
fourth quarter and full year Fiscal 2017, which ended March 31, 2017.
Financial Summary
Results for fourth quarter 2017:
Consolidated revenues were $19.6 million
Content and Entertainment revenues were $7.9 million
Consolidated adjusted EBITDA was $6.7 million
Non-deployment adjusted EBITDA was ($1.8) million, inclusive of
operating costs incurred in the ramp up of Over-The-Top (OTT)
channels, a 12% improvement over prior year quarter
Results for full year 2017:
...
More
