Cinedigm Collaborates With Struum Streaming Service

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.