Cinedigm (CIDM) Reports Q4 Revs of $19.6M
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Bison Capital to Make Significant Strategic Investment in Cinedigm
June 29, 2017 4:05 PM EDTBison 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
Cinedigm Announces Fourth Quarter and Full Year Fiscal 2017 Financial Results
June 29, 2017 4:05 PM EDTLOS 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 quarterResults for full year 2017:
... More