This multi-year deal will involve at least four pictures per year
September 30, 2014 05:00 PM Eastern Daylight Time
LOS ANGELES–(BUSINESS WIRE)
Cinedigm Corp. (NASDAQ: CIDM) and Chesler/Perlmutter Productions announced today they have entered into a multi-year, multi-picture, first look deal for original, cast-driven, family and faith-friendly films. The deal provides for no less than four films per year. Additionally, Cinedigm has acquired the distribution rights to more than 24 back catalog titles from the Chesler/Perlmutter library. Cinedigm will have all US rights to the films, including digital, video-on-demand, and physical home entertainment.
“Cinedigm’s unique vision and powerful distribution team support our focus: bringing high quality family-friendly material to all platforms.”
Chesler/Perlmutter has established itself in North American and global film markets as one of the premier independent family film production companies, with expanding content development, production, and distribution capabilities.
“This deal represents a major expansion of the exhibition/distribution networks we have been building,” remarked Lewis Chesler and David Perlmutter, Co-Chairmen of Chesler/Perlmutter. “Cinedigm’s unique vision and powerful distribution team support our focus: bringing high quality family-friendly material to all platforms.”
The deal provides Cinedigm with a pipeline of high quality, marketable films with well-known stars for its digital and physical retail platform partners, as well as a consistent flow of content to enhance Cinedigm’s growing direct-to-consumer digital network business. In particular, the Chesler/Perlmutter titles will feed Cinedigm’s Dove Foundation branded family and faith-based channel. To date, Cinedigm has announced plans for ConTV, the Comic Con branded digital channel, and has launched a documentary channel called Docurama.
“Chesler Perlmutter is synonymous with high quality family-friendly entertainment,” said Bill Sondheim, President of Cinedigm Entertainment. “This deal will uniquely address our existing businesses like DVD and VOD while also supporting our emerging distribution strategies with digital channels like The Dove Channel.”
Cinedigm is a leading independent content distributor in the United States, with direct relationships with over 60,000 physical retail storefronts and digital platforms, including Wal-Mart, Target, iTunes, Netflix, and Amazon, as well as the national Video on Demand platform on cable television. The company’s library of over 52,000 films and TV episodes encompasses award-winning documentaries from Docurama Films®, next-gen Indies from Flatiron Film Company®, acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Films and a wide range of content from brand name suppliers, including National Geographic, Discovery, Scholastic, WWE, NFL, Shout Factory, Hallmark, Jim Henson and more.
Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Corp. www.cinedigm.com. [CIDM-G]
ABOUT CHESLER/PERLMUTTER PRODUCTIONS:
Chesler/Perlmutter Productions Inc. is a North American production company with global reach, focused on developing, producing, and distributing television movies for US, Canadian, and International broadcasters; as well as theatrical movies for national and international distribution.
Chesler/Perlmutter produces film and television content for major US and Canadian distributors, such as Sony, MGM, and Disney, and broadcasters, including HBO, CBS, NBC, UPN, USA, Hallmark, Lifetime, SyFy, CTV, CBC, Shaw, BBC, Canal+, RAI, TF1, Mediaset, and ProSieben. Chesler/Perlmutter Productions licenses content directly to US, Canadian, and International broadcasters.
The Chesler/Perlmutter vision is to produce a constant supply of excellent family films that meet the high and growing demand for family content with quality productions and promotable casts.
Cinedigm Corporate Media Contact:
Chesler/Perlmutter Productions Media Contact:
O) 416-927-0016 Ext. 230