Cinedigm Corp (NASDAQ:CIDM) said it is beefing up its flagship streaming service, Cineverse, with more than 18,000 additional film and television episodes courtesy of an expanded distribution agreement with independent film distributor, Filmhub.
The deal between the two companies marks the first major third-party content transaction completed on behalf of Cineverse, according to a statement from the company.
It means Cineverse will now carry more than 32,000 film and television episodes, Cinedigm said.
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The films – and a wide range of additional titles – will be available at cineverse.com, as well as across iOS, Android, Roku and Samsung connected television apps.
Cinedigm is planning to add support for Amazon Fire TV, LG webOS and Apple TV apps in the near future.
"As we recently stated after launching Cineverse, one of our primary goals is to offer consumers unlimited access to an immense diversity and range of entertainment content that consumers have been denied by other subscription-based services," remarked Erick Opeka, Cinedigm's president and chief strategy officer.
"Our partnership with Filmhub grants us full access to a huge catalog of high-quality independent films, documentaries, television series, and short-form content from around the world allowing us to easily surpass our goal of adding more than 15,000 titles in Q1 2023."
Alan d'Escragnolle, CEO & Co-Founder of Filmhub, told investors that it was “very exciting to partner with a similar technology-forward company” in the video streaming business.
"As the world becomes more diverse in its interests and technology enables content personalization at scale, we're excited to see our premium new releases and full content catalog find new audiences on Cineverse and across Cinedigm's portfolio of streaming channels. This is a great win for both our distributor and individual producer clients,” d'Escragnolle said in a statement.
Cineverse’s offering includes an initial lineup of free, ad-supported streaming television (FAST) linear channels that showcase Cinedigm-owned and managed channels including AsianCrush, Bloody Disgusting, The Bob Ross Channel, The Country Channel, CONtv, CONtv Anime, Crime Hunters, Docurama, The Dove Channel, The Elvis Presley Channel, Fandor and Screambox.
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