Cinedigm Signs Cooperation Agreements with Key Chinese Entertainment Partners

Cinedigm Corp (NASDAQ:CIDM) announced six new Chinese entertainment partnerships that were formalized at the Beijing Film Festival.

As quoted in the press release:

Cinedigm Chairman and CEO Chris McGurk and representatives from the participating companies gathered at a signing ceremony for business cooperation agreements between Cinedigm and the new Chinese partners, including:

1) China Intercontinental Communication Center

Based in Beijing, CICC (China Intercontinental Communication Center) is an international media company. Founded in 1994, it is the longest-established co-production documentary company in China. Since 2003, together with international broadcasters, it has co-produced and broadcast many factual programs, showcasing the many faces of China that are little-known outside the country, including its dynamic economic growth, its diverse cultures, its ancient history, its cutting-edge science and technology, and its natural beauty.

2) Youku Pictures Inc.

Youku Pictures Inc. is a subsidiary of China’s internet giant Alibaba Media & Entertainment Business Group. Founded in August 2014, Youku Pictures Inc. has produced 39 theatrical films with a total box office exceeding 3.1 billion US dollars, including the well acclaimed Wolf Warriors II, Monster Hunt, and Detective Chinatown, etc.

3) V1.CN

V1 Group was established in 2005, listed on the Main Board of Hong Kong Stock Exchange in 2006, and became the first Chinese video media enterprise listed in Hong Kong. V1 Group Limited was named the “China’s Top 100 Internet Companies” three years in a row from 2014 to 2016.

4) Ling He Culture Media (Shanghai) Co., Ltd.

Ling He Culture Media is a Chinese film and TV company famous for its high-quality online series and its founder, Mr. Bai Yicong, who is a well-known Chinese producer, director and screenwriter.

5) Youth Studio

Youth Studio is a subsidiary of Beijing Film Academy, the largest institution specializing in the tertiary education for film and television production in Asia. The Academy has earned international recognition for its achievements in film production.

6) Emei Studio Group Co. Ltd.

Emei Studio is one of the seven major state studio groups in China, and the largest film and TV producers in Southwestern part of China.

“We are thrilled to have signed these business cooperation agreements with such a strong and vibrant group of Chinese entertainment partners,” said Chris McGurk Cinedigm Chairman and CEO. “In addition to our already established relationships with Bison Capital and Starrise Media, these new partners will help provide significant, quality Chinese content and business understanding to help us jump start the flow of movies, TV and short-form programming into and out of China. We are particularly pleased to have announced our new Chinese content OTT channel for an American audience here and to have also signed an important Belt and Road cooperation agreement to participate with China in that key cultural exchange initiative.”

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