CIDM - Significant Expansion and Debt Reduction is Fueling Growth of This Media Content Provider

Summary Major expansion in the North American and Chinese Markets Previous quarter ad-supported viewers up 238% YoY Reduced debt and recent capital raise will fuel growth Overview Cinedigm powers custom content solutions to the world’s largest retail, media and technology companies. The company provides premium feature films and series to digital platforms including iTunes, Netflix, and Amazon, cable and satellite providers including Comcast, Dish Network and DirecTV, and major retailers including Walmart and Target. They are aggressively acquiring new content left & right. two weeks ago they added over 7000 movies & 10,000 tv episodes to their vast library. Their partners are Comcast, Direct TV, Google, Hulu, iTunes, Netflix, Prime Video. Analyst 2 analystis with buy ratings and a target price of $3.25 News Rockbot Offers Cinedigm's Streaming Channels to Its 20 Million Monthly Viewers https://finance.yahoo.com/news/rockbot-offers-cinedigms-streaming-channels-142500230.html Cinedigm Closes $7.0 Million Registered Direct Offering and Plans to Use a Portion of the Proceeds to Retire All Remaining Second Lien Debt https://finance.yahoo.com/news/cinedigm-closes-7-0-million-171000901.html

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GeorgeL88

Feb 9, 2021
· POSITION CLOSED

-6.48%

Position Return %

2.16

Price When Posted

-0.14

Position Return

CIDM

Cinedigm Corp - Class A

2.56

-0.06
-2.29%
Current Price

CIDM - Significant Expansion and Debt Reduction is Fueling Growth of This Media Content Provider

bullish

Summary

  • Major expansion in the North American and Chinese Markets
  • Previous quarter ad-supported viewers up 238% YoY
  • Reduced debt and recent capital raise will fuel growth

Overview

Cinedigm powers custom content solutions to the world’s largest retail, media and technology companies. The company provides premium feature films and series to digital platforms including iTunes, Netflix, and Amazon, cable and satellite providers including Comcast, Dish Network and DirecTV, and major retailers including Walmart and Target.

They are aggressively acquiring new content left & right. two weeks ago they added over 7000 movies & 10,000 tv episodes to their vast library. Their partners are Comcast, Direct TV, Google, Hulu, iTunes, Netflix, Prime Video.

Analyst

2 analystis with buy ratings and a target price of $3.25

News

Rockbot Offers Cinedigm's Streaming Channels to Its 20 Million Monthly Viewers

https://finance.yahoo.com/news/rockbot-offers-cinedigms-streaming-channels-142500230.html

Cinedigm Closes $7.0 Million Registered Direct Offering and Plans to Use a Portion of the Proceeds to Retire All Remaining Second Lien Debt

https://finance.yahoo.com/news/cinedigm-closes-7-0-million-171000901.html

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read-time
1 min

2.38

Target Price

8/ 10

Confidence

1-2 Weeks

Timeframe
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Earnings Release
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News
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SEC Filing
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Sentiment
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Other Catalyst

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