Cinedigm Says Its Future Today Buy to Expand OTT Footprint to Nearly 8 Million Users
Cinedigm's buying Future Today for $45 million cash and $15 million in stock will expand its over-the-top footprint to over 7.6 million monthly active users, it said Friday. Future Today, with 2018 revenue of $23.9 million, has 700 channels with…
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more than 60 million app installs and manages some 200,000 film, TV and digital content assets that get 85 million-plus views monthly. The acquisition gives Cinedigm a fully scaled video advertising platform, increases opportunities in China and India and strengthens its channel and content portfolio for distributors, it said.