Business
Cinedigm Acquires Screambox, the Popular Streaming Service for Horror Fans
LOS ANGELES, CA / ACCESSWIRE / February 12, 2021 / Cinedigm Corp. (NASDAQ:CIDM) today announced that it acquired Screambox, a popular enthusiast streaming
About this update from Cineverse Corp.
[{"type":"text","content":"LOS ANGELES, CA / ACCESSWIRE / February 12, 2021 / Cinedigm Corp. (NASDAQ:CIDM) today announced that it acquired Screambox, a popular enthusiast streaming service targeting the highly lucrative horror genre.Called \"The Perfect Horror Streaming Alternative to Netflix\" by Tech Times and named one of the best Streaming Services for 2021 by PC Mag, Screambox features a broad mix of content for casual and die-hard horror fans alike with films and episodes delivering every type of terror imaginable -- Supernatural, Slashers, Classics, Zombies, Extreme, Psychological, Cult, Underground, and more. The service, which launched in 2015, is widely available across the web, mobile devices, Connected TVs, and as an Amazon Prime Channel, and more.With more than $1.1 billion in box office revenue in 2019 and an estimated $2.3 billion in global revenues, the horror genre is one of the most popular and profitable genres in the entertainment industry today. With a solid track record of distributing thousands of premium horror titles in all media across multiple international territories, Cinedigm will leverage its substantial horror and thriller content library, app technology, and Matchpoint distribution platform to rapidly expand Screambox's content offering. The Company will relaunch the service's apps and dramatically expand distribution to Cinedigm's 900-plus million global connected device footprint. Cinedigm also plans to expand the distribution of Screambox to its base of third-party subscription channel partners such as Roku, Comcast, SlingTV, Dish Network and more.The Company anticipates the service could reach seven figure subscriber levels within the first 36 months after the acquisition is completed, with a focus on rapid global expansion and distribution. Cinedigm will continue to offer Screambox on a subscription basis alongside Bloody Disgusting TV, an ad-based horror service operated in partnership with Bloody Disgusting, the largest horror website with more than 20 million monthly visitors. The Company will also bundle subscription offers with its fandom subscription service, CONtv, for one price. Cinedigm plans to heavily draw from a pool of more than 4,000 relevant film titles in its library, including thousands of newly obtained classic, cult and foreign horror titles from streaming service The Film Detective, which the Comp...