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wilder

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Reply #150 on: January 19, 2021, 06:18:18 PM
Cinedigm Acquires Fandor, Will Expand Film Streaming Service With Free Tier
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Cinedigm has acquired Fandor, a 10-year-old streaming home for independent films, and plans to update and expand its offerings with a goal of acquiring millions of subscribers.

The company will relaunch Fandor later this year by tapping its own library of 7,000 related film titles, including from internet television service and vintage film archive The Film Detective. In a press release announcing the deal, Cinedigm said it “anticipates the service could reach seven-figure subscriber levels within the next 24-30 months with a focus on rapid global expansion and distribution.”

Fandor, which was run at various points in its history by noted film and TV industry executives Larry Aidem and Ted Hope, has an eclectic, global library 4,600 film titles from more than 400 film companies.

Cinedigm will continue to offer an ad-free, premium version of Fandor but also plans to add a free, ad-supported on-demand tier as well as a linear streaming channel in order to broaden its reach.

After the acquisition, Cinedigm also plans to relaunch Keyframe, Fandor’s web and video-based publication dedicated to the art of cinema. Phil Hopkins, president of The Film Detective, will oversee Fandor and Keyframe.

Financial terms of the acquisition were not disclosed. The news lifted shares in Cinedigm 15% in mid-day trading on the Nasdaq, to their highest point since last August.

Led by former Hollywood studio executive Chris McGurk, Cinedigm has evolved in recent years from a maker of cinema equipment to a provider of streaming services and owner-operator of a portfolio of branded streaming networks. It is controlled by China-based Bison Capital.

“This acquisition of Fandor, coming on the heels of our Film Detective acquisition, solidifies Cinedigm’s position as the leading global streaming company for independent films,” McGurk said. “As a key element of our recently announced streaming rollup strategy, Fandor will immediately benefit from our streaming distribution muscle, huge library of independent films, Matchpoint technology, cost savings and infrastructure and synergies with our wide portfolio of enthusiast streaming channels. We fully expect an immediate EBITDA uplift from Fandor and strong revenue and profit growth going forward.”

“The paradox of the streaming revolution is that it has never been harder to discover classic, essential and new independent and foreign films,” said Erick Opeka, Chief Strategy Officer and President of Cinedigm Networks. “The founders of Fandor had the right idea, launching very early in the streaming growth cycle while still establishing a strong and resilient brand and viewer base. Our mission at Cinedigm is to enable viewers, including independent film enthusiasts, to stream their passions, and I can’t think of a streaming service that is truer to our mission than Fandor.”

“The opportunity to leverage Fandor’s passionate community of independent film enthusiasts will be integral in the service’s growth,” Hopkins said. “Being able to communicate and collaborate with this community of content creators, bloggers, and editorial writers will allow us to significantly expand Fandor into the global focal point for streaming independent films, documentaries, classics and foreign films.”




WorldForgot

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Rest well, former employer ~
You brought many a merry memory.
And to some, a public celeb spotting, to boot.

Crossing my finger some other landlord buys the Cinerama Dome and keeps it a cinema


wilberfan

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That's AWFUL news.  Was telling eward we saw Mad, Mad World there--during it's first week of being open!  Saw first-run ET, Close Encounters, Apocalypse there.   The Master, opening weekend.  The last time I was there was literally for QT's drunken warm-up for OUATIH...
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eward

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I was so looking forward to finally going  :(


wilberfan

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A gentleman beyond employment


eward

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I doubt PTA has anywhere near the fortune QT has amassed for himself.


wilberfan

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Is it time to set up a GoFundMe?
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WorldForgot

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eward

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CLINGING, I tell you!


eward

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wilberfan

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Can social media creators make movies? This local startup is banking on it

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A new local startup, Creator+, aims to tap into that potential, offering to finance and distribute movies produced, directed or starring promising video creators, including those who are active on video platforms such as YouTube.

The company, which is based in Culver City and San Francisco, plans to greenlight more than six films this year and release them on its platform in early 2022, with budgets in the low seven figures. Downstream revenue generated from the films will be split with creators 50-50, the company said.

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Consumers who wish to see the films will go to the Creator+ platform and pay to see each movie. The company did not reveal pricing and said it would be in line with what a movie ticket costs. Creator+ also is looking at working with creators on other kinds of audience interaction through merchandise, consumer products or other types of digital goods and experiences.

The company will probably shy away from big-budget action films but are open to other genres, including adult romantic comedies or dramas, Shambroom said.

My first reaction is a shudder of skepticism and revulsion, but you never know, I guess...
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jenkins

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movie length reality tv

they have Cary grant but they’re missing ben Hecht