Deal provides Cinedigm’s users highly reliable, fast access to
broadcast quality movie and TV shows and expands Cinedigm’s Global OTT
Capabilities
LOS ANGELES--(BUSINESS WIRE)--
Cinedigm (NASDAQ: CIDM) and Limelight Networks, Inc. (Nasdaq: LLNW)
today announced that Cinedigm will use Limelight’s Content Delivery
Network (CDN) to prepare, store and deliver movies and TV shows to its
current and future install base of users of its Over-the-top
(OTT) Networks.
Limelight’s integrated suite of technologies will simultaneously improve
the quality of service of Cinedigm’s video applications, optimize user
engagement across devices, and significantly reduce delivery costs.
Additionally, leveraging Limelight’s global presence sets the stage for
delivering Cinedigm’s networks on a global scale. According to Digital
TV Research, 59% of the $35.37 in new OTT revenues by 2020 will come
outside of North America.
“As we continue to strengthen and expand our OTT infrastructure to
support growth, Limelight Networks emerged as the ideal CDN choice,”
said Erick Opeka, EVP of Digital Networks for Cinedigm. “Limelight’s
experience delivering amazing content experiences and proven global
reach will enable us to tap into the rapid growing OTT markets in Asia
Pacific, Europe and Latin America.”
The deal comes amidst Cinedigm’s recent announcements expanding its
world-class OTT infrastructure, including the addition of DRM support
from Google, Apple and Microsoft, as well as device footprint expansions
to more than 60 Million devices including Google Chromecast, Android TV
and Amazon Fire TV.
Cinedigm channels utilizing Limelight’s services include:
- Dove Channel: targeting the family values audience with movies
and shows families can enjoy together. The content offering includes
mainstream and classic family movies, documentaries, heartwarming TV
series and children’s programs. All of Dove Channel’s carefully
curated content reflects the time-honored standards of The Dove
Foundation and its trusted Family Seal of Approval.
- CONtv: catering to the enormous and avid Comic Con audience.
The channel currently boasts 2,500 hours of original programming,
curated films and TV episodes, and exclusive Comic Con panel coverage
from dozens of annual nationwide conventions.
- Docurama: targeted to the avid documentary audience with over
1,200 titles, including full-length and short-form documentaries,
non-fiction TV programming, and behind-the-scenes interviews.
- The WHAM Network: providing news, information and entertainment
24/7 focused on the fast growing global e-sports and gaming audience.
Launches Fall 2017.
About Cinedigm
Cinedigm powers custom content solutions to the world’s largest retail,
media and technology companies. We provide premium feature films and
series to digital platforms including iTunes, Netflix, and Amazon, cable
and satellite providers including Comcast, Dish Network and DirecTV, and
major retailers including Walmart and Target. Leveraging Cinedigm’s
unique capabilities, content and technology, the Company has emerged as
a leader in the fast-growing over-the-top channel business, with four
channels under management that reach hundreds of millions of devices
while also providing premium content and service expertise to the entire
OTT ecosystem.
About Limelight
Limelight Networks, a global leader in
digital content delivery, empowers customers to better engage online
audiences by enabling them to securely manage and globally deliver
digital content, on any device. The company’s award winning Limelight
Orchestrate™ platform includes an integrated suite of content delivery
technology and services that helps organizations secure digital content,
deliver exceptional multi-screen experiences, improve brand awareness,
drive revenue, and enhance customer relationships — all while reducing
costs. For more information, please visit www.limelight.com,
read our blog,
follow us on Twitter, Facebook and LinkedIn and
be sure to visit Limelight
Connect.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170410006091/en/
Cinedigm
Jill Newhouse Calcaterra, 310-466-5135
jcalcaterra@cinedigm.com
or
Limelight
Networks, Inc.
Deborah Hohler, 602-850-4827
dhohler@llnw.com
Source: Cinedigm