- Cinedigm Corp’s CIDM four most popular digital channels will launch on Struum, a Walt Disney Co DIS and Discovery Inc DISCA executives created streaming service.
- Struum is backed by a multi-million-dollar investment from former Disney CEO Michael Eisner through his Tornante Company.
- Cinedigm’s channels include Dove Channel, Docurama, CONtv, and SoReal.
- Cinedigm seeks to introduce its library of premium content to a new audience through the partnership.
- An early preview of Struum is available via the Apple Inc AAPL iOS App Store, web, and Alphabet Inc GOOG GOOGL Google Chromecast. A full rollout across more platforms, including AppleTV, Android TV, Android, Amazon.com Inc AMZN Amazon Fire TV, and Roku Inc ROKU, is expected this summer.
- Price action: CIDM shares traded higher by 4.65% at $1.35 on the last check Tuesday.
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