Cinedigm Renews Contract With Hallmark For Content Distribution

Cinedigm Corp CIDM extended its agreement with Crown Media Family Networks (Hallmark Channel) to distribute its content on TVOD and Physical.
The two companies have worked together for nearly a decade and have grown the transactional business outpacing industry trends due to Hallmark's superior quality original films and scripted series.
Hallmark has found a passionate audience in the physical market and digital platforms like Amazon.com Inc AMZN, Apple Inc AAPL, and VUDU.
As part of the renewal, Cinedigm and Hallmark will open up digital rental on select titles for the first time.
"We look forward to continuing this rewarding partnership in the years ahead as our content offerings and fanbase continue to grow," Crown Media VP Natalie Vandergast said.
Price Action: CIDM shares traded lower by 0.61% at $2.43 on the last check Monday.