Cinedigm Cements Position In Horror Streaming With Second Acquisition Before Halloween

September 21, 2021 4:08 PM | 28 seconds read | Make a Comment

Cinedigm Corp CIDM acquired the American horror genre website, 'Bloody Disgusting.'
The financial terms of the transaction remain undisclosed.
It follows the acquisition of genre streamer Screambox earlier this year.
The acquisitions set Cinedigm for streaming screamfest with subscription-based, ad-supported, and FAST linear options, just in time for Halloween.
Cinedigm held $13.4 million in cash and equivalents as of June 30.
Price Action: CIDM shares closed higher by 7.48% at $2.30 on Tuesday.