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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

September 17, 2021

(Date of earliest event reported)

 

Cinedigm Corp.

(Exact name of registrant as specified in its charter)

 

Delaware   001-31810   22-3720962
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (IRS Employer
Identification No.)

 

237 West 35th Street, Suite 605, New York, New York   10001
(Address of principal executive offices)   (Zip Code)

 

212-206-8600

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transmission period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock   CIDM   Nasdaq Global Market

 

 

 

Item 8.01 Other Events.

On September 17, 2021, Cinedigm Corp. (the “Company”) consummated the acquisition of substantially all of the assets of Bloody Disgusting, LLC (“Bloody Disgusting”). The acquisition resulted in the Company acquiring Bloody Disgusting’s website, podcast series, streaming service and other content focused on the horror genre.

On September 21, 2021, the Company issued the press release attached hereto as Exhibit 99.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits  

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

     
99.1   Press Release, dated September 21, 2021.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    CINEDIGM CORP.
Dated:  September 21, 2021   By: 

 

 

 

/s/ Gary S. Loffredo

      Gary S. Loffredo
President, Chief Operating Officer, General Counsel and Secretary

 

2

 

 

 

Exhibit 99.1

 

A PICTURE CONTAINING TEXT, CLIPART DESCRIPTION AUTOMATICALLY GENERATED

 

Cinedigm Slashes Its Way To The Forefront Of
Horror Streaming With Latest Acquisition:
Bloody Disgusting – The Leading Source Of All Things Horror

 

Cinedigm Creates the Ultimate Streaming Scarefest with SVOD, AVOD and FAST Offerings through Screambox & Bloody Disgusting TV

 

 

LOS ANGELES -- (September 21, 2021) -- Cinedigm (NASDAQ: CIDM), the leading streaming company focused on enthusiast fan bases, announced today that the Company has acquired Bloody Disgusting, one of the internet’s premiere horror destinations. The move accelerates the Company’s plans to slash its way to the top of the ever-popular horror genre and follows its acquisition of genre streamer Screambox earlier this year. Cinedigm’s combined offering now offers fans the quintessential streaming screamfest with subscription-based, ad-supported and FAST linear options, just in time for Halloween.

 

Launched in 2001, Bloody Disgusting has become synonymous with the horror genre itself, covering film, television, video games and more. All in, the Bloody Disgusting Media Brand reaches more than 30 million unique horror fans annually across its website, the Bloody Disgusting podcast network, the BD app and via their social footprint. Starting off with film and television reviews, the site branched out into production in 2011, creating the spine-tingling film series V/H/S.

 

Last year, Cinedigm partnered with the company to launch Bloody Disgusting TV, a free to view ad-supported streaming channel covering a wide-range of horror content. After launching as a Roku exclusive, the channel quickly found a foothold with horror fans serving genre favorites like The Collector, The Hills Have Eyes and The Re-Animator and more.

 

The Bloody Disgusting acquisition is the ideal complement to Screambox, called "The Perfect Horror Streaming Alternative to Netflix" by Tech Times and named one of the best Streaming Services for 2021 by PC Mag. Screambox’s catalog features a broad mix of content for casual and die-hard horror fans alike with films and episodes delivering every type of terror imaginable -- Supernatural, Slashers, Classics, Zombies, Psychological and more. The service, which launched in 2015, is widely available across the web, mobile devices, Connected TVs, and as an Amazon Prime Channel. As part of the Bloody Disgusting acquisition, the Bloody Disgusting team will be managing the Screambox subscription-based service going forward.

 

Cinedigm’s streaming channels will be refreshed monthly with content from both of these esteemed libraries. The Company will also continue to aggressively acquire new original content to ensure its position as the leading digital and streaming community for horror enthusiasts. One of the first is the highly anticipated original series The Island that, according to DW Akademie, “blurs the line between pandemic fantasy and reality.” The eight-part series centers around a remote island in the North Sea that falls victim to a merciless and mysterious virus. Cinedigm also recently acquired Brain Freeze, the zom-com favorite that opened this year’s Fantasia International Film Festival. In addition, the Company will premiere the sinister feature Not Alone exclusively on their channels this October. The film, which was just selected to play in Cannes International Independent Film Festival, stars Pat Healy (Draft Day, The Post) and Sarah Schroeder-Matzkin (The Trial of the Chicago 7, Bloodshot).

 

 

 

"Bloody Disgusting is a huge streaming opportunity for Cinedigm," said Chris McGurk, Chairman & CEO of Cinedigm. "Having acquired Screambox earlier this year and having distributed hundreds of horror film and TV titles over the years, we understand the enormous potential that lies within the horror genre. As one of the most passionate fan bases, the community remains largely underserved. By acquiring Bloody Disgusting, we hope to create a larger, more accessible user experience for enthusiasts to discover, stream and discuss the genre with the objective of becoming the number one global streaming destination for horror fans everywhere. In addition, this acquisition should be immediately accretive for Cinedigm." 

 

"The acquisition of Bloody Disgusting shows Cinedigm’s commitment to the genre," said Erick Opeka, Chief Strategy Officer of Cinedigm. "The brand and the site are so much more than streaming; it's a respected brand within the horror community. In the years to come, we hope the site and streaming channel are not considered just a great source for horror content but the source for horror content." 

 

"Cinedigm’s vision for digital expansion is what makes me confident that they are the right company to join to help bring the vision of Bloody Disgusting into the new streaming generation," said Brad Miska, Co-founder of Bloody Disgusting. Tom Owen, Co-founder, adds: "Working with Cinedigm has made it clear that they share our passion for the genre. Their acquisition of Screambox, in addition to our work together bringing Bloody Disgusting TV to life, has allowed me to witness the forward-thinking passion they infuse into all of their endeavors. We’re excited to mobilize the Bloody Disgusting team to execute against the larger opportunities in the horror vertical.” 

 

An innovator in the digital transformation of the entertainment industry for more than two decades, the deal continues Cinedigm’s core mission to entertain the world by building the world’s best portfolio of enthusiast channels and services for the streaming generation. Through a diverse mix of premium SVOD services and dedicated AVOD and FAST channels, Cinedigm’s streaming portfolio reaches indie film (Fandor), horror (Screambox & Bloody Disgusting) and family entertainment (Dove Channel), as well as dedicated channels for iconic entertainers, led by Bob Ross (The Bob Ross Channel) and soon Elvis Presley (The Elvis Presley Channel). Cinedigm’s ultimate goal is to build destinations that immerse viewers in content they love while staying at the forefront of technology as the streaming industry continues to evolve.

 

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ABOUT  CINEDIGM

For more than twenty years, Cinedigm (NASDAQ: CIDM) has led the digital transformation of the entertainment industry. Today, Cinedigm entertains hundreds of millions of consumers around the globe by providing premium content, streaming channels and technology services to the world’s largest media, technology and retail companies. For more information, visit http://www.cinedigm.com/.

 

Cinedigm uses, and will continue to use, its website, press releases, SEC filings, and various social media channels, including Twitter (https://twitter.com/cinedigm), LinkedIn https://www.linkedin.com/company/cinedigm/), Facebook (https://facebook.com/Cinedigm), StockTwits (https://stocktwits.com/CinedigmCorp) and the Company website (www.cinedigm.com) as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases, SEC filings, and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and

 

financial information that the Company posts on its website, disseminates in press releases, SEC filings and on the social media channels identified above, as such information could be deemed to be material information.

 

 

PRESS CONTACT FOR CIDM:


DKC Public Relations

cinedigm@dkcnews.com

 

High Touch Investor Relations

Cinedigm@htir.net