Cinedigm Acquires Rights To Film STEPS For Undisclosed Sum

Cinedigm Corp CIDM has 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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