LOS ANGELES, CA / ACCESSWIRE / March 16, 2021 / Cinedigm (NASDAQ:CIDM) announced today the acquisition of the Films Around the World, Inc. content library. With more than 150 feature films and more than 500 hours of audio programs, the Films Around The World library was one of the largest remaining independently owned rights managed classic film libraries and will be used to provide unique and sought after content to Cinedigm's growing streaming channel initiatives. Additionally, the FATW library includes remake rights to over 150 feature films.

"The Films Around The World library is a perfect complement to the classic film enthusiast found on our recently acquired The Film Detective and Fandor channels," said Yolanda Macias, Chief Content Officer. "In addition to the advertising-video-on-demand (AVOD) and subscription-video-on-demand revenues, we intend to increase the footprint of this library, reaching even more fans, through our deep digital distribution muscle and numerous transactional digital partners."

The library also includes the Academy Award® nominated The Shanghai Gesture, a 1941 American film noir based on the Broadway play of the same name. Additional highlights include the iconic horror films Strangler of the Swamp, The Flying Serpent and Devil Bat's Daughter. Westerns found in the library include Navajo Kid as well as some of John Wayne's classics Blue Steel, Dawn Rider and Texas Terror.

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/.

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