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Streaming Channel Revenues Up 197% Year-Over-Year Ad-Supported Streaming Channel Revenues Up 331% Year-Over-Year Subscription Streaming Channel Revenues Up 117% Year-Over-Year LOS ANGELES, CA / ACCESSWIRE / July 14, 2021 / Cinedigm Corp. (“Cinedigm” or “the Company”) (NASDAQ:CIDM), a leading independent streaming entertainment company super-serving enthusiast fan bases, today announced its preliminary, unaudited, results for the period ended March 31, 2021. Key Fourth Quarter Financial Results (Quarter Ended March 31, 2021): Consolidated revenues were $8.3 million, with streaming channel revenues up 197% versus the prior year quarter and 39% sequentially over last quarter; Streaming/Digital revenues grew to 75% of the Company’s total revenues in the quarter versus 48% in the prior year quarter; Combined Streaming/Digital revenues increased 66% over the prior year quarter and 27% sequentially over last quarter; Ad-supported streaming channel (AVOD) revenues increased 331% over the prior year quarter and 23% sequentially over last quarter; Subscription streaming channel revenues increased 117% over the prior year quarter and 65% sequentially over last quarter; Streaming digital content licensing and sales, driven by partners such as Amazon, Apple and Tubi, generated record digital sales billings growth for the fourth consecutive quarter; Reached an agreement with AMC Entertainment for a sales plan for legacy digital cinema equipment with net proceeds to the Company of $10.8 million over two years; Reduced total debt by $37.3 million to $11.9 million, from $49.1 million the prior year.
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