Latest in Chris McGurk

Cinedigm, which has been redirecting its focus from cinema equipment to streaming video, said Content Entertainment Group President Bill Sondheim is exiting the company. Yolanda Macias, who is EVP of the group, and SVP Dan Coyle, will now oversee the content division. The executive reshuffling follows the announcement…

Cinedigm, the former specialist in cinema gear now pivoting to OTT technology, reported second-quarter results with narrower losses and a 23% jump from its streaming channels business. In the fiscal 2019 period ending September 30, the company’s net loss of $3.6 million, or 9 cents per share, marked an improvement…

Erick Opeka has been named president of digital networks, overseeing the strategy, development, launch, and operations of Cinedigm’s growing roster of premium digital-first channels. Opeka served as the company's EVP of digital networks since 2014, where he oversaw distribution of Cinedigm's OTT networks, which…

Cinedigm CEO Chris McGurk offered fresh details today about a planned Chinese streaming service aimed at younger Western audience, and poised to launch early next year. The new OTT service, to be called Bambu, will feature contemporary Chinese films, television shows and music curated for American millennial viewers…

Cinedigm, after selling a majority of its equity last year to Hong Kong-based Bison Holding Co., has deepened its ties to the region by forming a strategic alliance with Chinese entertainment company Starrise Media Holdings. The deal will cover theatrical and digital film releases in China and North America. The…

Cinedigm’s struggle to manage its $63.8 million debt is about to end with a deal, announced today, to sell 20 million shares — most of its equity — for $30 million to Hong Kong based investment firm Bison Holding Company. In addition, Bison agreed to provide a $10 million loan for working capital and will help to…

The price of Cinedigm’s thinly traded stock dropped 15.7% to 97 cents a share moments before the market closed today — but rebounded by 44.4% to $1.30 in postmarket trading — after the digital content company finally released financial results for the quarter that ended in March. As expected, the firm reported weak…

Nasdaq has warned the digital cinema and entertainment company in a letter that it could be dropped from the popular stock exchange, Cinedigm says today — although it plans to ask for more time. Nasdaq requires its stocks to maintain a value of at least $1 a share for 30 consecutive business days. Cinedigm hasn’t…

You expect to see big price swings in thinly traded penny stocks like Cinedigm. But Wall Street seems especially confused today after the digital entertainment company announced a bigger loss than expected for the quarter that ended in March –but with a new $5 million stock repurchase plan. Cinedigm shares opened down…

Here’s a deal that should interest fans of TV oldies including Father Knows Best, Secret Agent, Newhart, The Dick Van Dyke Show, and The Twilight Zone — and catch the eye of investors concerned about Cinedigm’s cash flows. The shows run on Shout!Factory TV, a video streaming channel that’s  due to be revamped by year…

Cinedigm is a small, and thinly traded, company — so its stock price often swings like a yo-yo. But not like this morning: Its shares plummeted more than 25%, and touched a new low of 92 cents, after the content company disclosed a complicated and private $60 million borrowing transaction that it says could affect its…

Cinedigm has partnered with Los Angeles-based TV4 Entertainment to launch more “over-the-top” niche video channels delivered over the Internet to apps and streaming devices. The partnership will use Cinedigm’s library of film and TV episodes, streamed through “at least one” on-demand online channel using TV4’s…