Is The Rally Real? Cinedigm Corp (NASDAQ:CIDM)

Cinedigm Corp (NASDAQ:CIDM) stock is moving in early morning session today. The stock has seen increased selling pressure this week with a fall of about 205 so far this week after announcing new stock offerings.

Market Action

As of 10:31, CIDM stock has moved up by 5% at $1.375. The stock has traded 9.15 million shares, below its average volume of 32.81 million shares.  The stock opened at $1.31 and moved in a range of $1.3000 – 1.3900.

Broadside Enterprises Inc (OTC: BRSE) announces Worldwide digital content distribution deal with Cinedigm Corp (NASDAQ: CIDM)

  • MonteCristo International Entertainment, a wholly owned subsidiary of Broadside Enterprises, Inc. (OTC:BRSE) has inked a deal with Cinedigm, the leading independent streaming company super-serving enthusiast fan bases, to make an initial number of its independent feature films available on Cinedigm’s worldwide streaming channels.

Michael Taverna, CEO of Broadside Enterprises, Inc., comments on the cooperation: “Cinedigm has a tremendous digital reach, and working with them allows for our content to reach hundreds of millions of consumers. We look forward to building a strong relationship with such a fast-growing worldwide partner to get more eyes on our independently produced content in the coming years.”

“Cinedigm looks for high-quality films that resonate with our viewers,” said Josh Thomashow, Executive Director of Acquisitions at Cinedigm. “Having spent years in the independent space, we appreciate the passion and dedication that goes into independent filmmaking. Partnering with MonteCristo International allows us to bring a number of premium films to our streaming channels and provide viewers with a refreshing batch of new entertainment.”

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