Business
Cinedigm to Launch Free, Ad-supported CONtv Anime on Theta Network
LOS ANGELES--(BUSINESS WIRE)-- Cinedigm (NASDAQ: CIDM) announced that the Company has partnered with Theta Network to stream the Company’s free, ad-supported
About this update from Cineverse Corp.
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nCinedigm (NASDAQ: CIDM) announced that the Company has partnered with Theta Network to stream the Company’s free, ad-supported streaming channel CONtv Anime to THETA.tv. THETA.tv is a next generation decentralized streaming platform available on desktop web, Android/iOS mobile app, and via Android TV.\n\nCinedigm’s owned and operated streaming channel CONtv Anime meets the needs of anime fans with a wide range of iconic anime series & movies, including cyberpunk, supernatural tales, gripping dramas and epic fantasy adventures.\n\n“Cinedigm is bringing our CONtv Anime channel to Theta Network featuring 24/7 anime favorites that anime fans have long desired. We have seen strong interest in our anime content catalog, so we aim to create a leading outlet for fans of anime content worldwide,” said Tony Huidor, Cinedigm’s General Manager of Digital Networks. “The worldwide anime revolution continues to grow and digital streaming services currently lack a broad offering that meets the needs of fans. We are looking to make it available for free for both dedicated fans and casual viewers who are just discovering this leading genre of animation.”\n\n“We’re thrilled to add Cinedigm’s CONtv Anime channel to the Theta Network, building on our expanded content strategy,” said Mitch Liu, CEO of Theta Labs. “Theta users can enjoy CONtv Anime while they earn TFUEL rewards, creating a unique and engaging viewer experience you can’t get anywhere else.”\n\nTheta Labs was founded in 2016 with backing from leading investors in tech (Samsung NEXT, Sony Innovation Fund), media (CAA, Bertelsmann Digital Media Investments), and traditional venture capital (Sierra Ventures, DCM Ventures). In addition to CONtv Anime, recent partnerships have added content from MGM Studios, World Poker Tour, and NASA TV to the Theta Network lineup.\n\nCinedigm continues to focus on bringing well-established brands and film & television content from leading content owners into the rapidly growing free ad-supported television marketplace. Consumer interest in premium content remains strong within the OTT ad-supported space as traditional cable and satellite services continue to lose subscribers seeking low-cost alternatives and new options for their entertainment needs.\n\nABOUT CINEDIGM\n\nFor more than twenty years, Cinedigm (NASDAQ: CIDM) h...