LOS ANGELES, CA, JANUARY 10, 2012 – GoDigital, a full-service digital distribution company, announced today a recapitalization of their company concurrent with the acquisition of one of their key video-on-demand competitors, Might Entertainment.
Founded in 2008, GoDigital has built one of the industry’s leading digital distribution networks and distributed over 300 films through their direct deals with iTunes, Netflix, Amazon, Hulu, Playstation, Xbox, Vudu, Dish, inDemand and TVN. GoDigital’s sales, marketing and technical operations team will absorb the Might Entertainment library, its output arrangements as well as their cable, satellite, IPTV and broadband VOD distribution deal with Lionsgate. Since its inception in 2010, Might Entertainment has established itself as one of the premiere distributors of feature films through digital platforms. In the fall of 2011, Might secured financial backing from former Facebook Chief Strategic Officer Chris Kelly and FreeCreditreport.com founder and former CEO, Experian Interactive Ed Ojdana, to acquire key digital rights to the 700-plus title Kino/Lorber library.
Logan Mulvey, the current President of GoDigital, will be named the company’s CEO with Might Entertainment co-founders Andy Bohn and Jason Beck joining the Board of Directors. Mulvey will continue to manage the 10-member GoDigital distribution, marketing and digital delivery team while Bohn and Beck will oversee business development and content acquisitions.
“Once we had the financial resources to expand the business, it was clear that there was no better complementaryasset to GoDigital than Might Entertainment,” said CEO Logan Mulvey. “Armed with an expanded library, a VOD arrangement with Lionsgate and Andy Bohn and Jason Beck’s professional network, GoDigital is well positioned for success in the growing marketplace of digital and VOD distribution.” Added Andy Bohn, “Beck and I are thrilled to be joining GoDigital’s Board and could think of no better partners than Logan and his team to take the assets we have assembled and leverage them to their fullest potential.”
GoDigital will be in Sundance actively looking to acquire new films to augment their upcoming releases which include The Trouble With Bliss, starring Michael C. Hall, Lucy Liu, Chris Messina, and Peter Fonda, Kino Lorber’s The Mill and The Cross starring Rutger Hauer, Michael York, and Charlotte Ramplingand and Ambush Entertainment’s Unraveled, the 2011 LA Film Festival Documentary Competition entry about the notorious lawyer/embezzler Marc Dreier.
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