Skip to main content

Market Overview

Cinedigm Acquires Rights To Film STEPS For Undisclosed Sum

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.

Related Articles (CIDM)

View Comments and Join the Discussion!

Posted-In: M&A News Penny Stocks Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at