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Cinedigm Acquires Rights To Film STEPS For Undisclosed Sum

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Cinedigm Acquires Rights To Film STEPS For Undisclosed Sum
  • Cinedigm Corp (NASDAQ: CIDMhas acquired North American rights to the inspiring film STEPS to provide healthy and satisfying content to its viewers despite its struggle and loss storyline.
  • STEPS, written by Eddie Harris and directed by Rock Davis and Jay Rodriguez, offered a balanced angle at alcoholism, family conflict, peer pressure, and gun violence issues.
  • Cinedigm remained focused on consolidating family-friendly content investment, uplifting films on its streaming network Dove Channel.
  • The financial terms of the transaction were not disclosed.
  • Cinedigm held cash and equivalents of $26.2 million as of Dec. 31, 2020.
  • Price action: CIDM shares traded lower by 3.32% at $1.575 on the last check Monday.
 

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