Dear Stockholders,
Fiscal Year 2018 was an important year for
Cinedigm given the transformative financial
and strategic $40 million transaction we
completed with Bison Capital, a Beijing-
based investment firm that also owns several
complementary media investments.
As we look to the future, we are very
encouraged about Cinedigm’s current
positioning and future growth prospects for
the following reasons:
First, the Bison deal in large part resolved
our balance sheet and growth capital
challenges while opening the door to a
unique two-way stream of content and OTT
channels into and out of China.
Second, we made significant progress with
our business transformation. We have
become a key independent player in the
OTT business with nine channel services
launched or announced, partnerships with
some of the most important mega-players in
the media and technology businesses, huge
and escalating device reach for our OTT
channel services, a robust and growing new
deal flow and a unique business model that
generates four distinct streams of high
growth, high multiple revenues from the
entire global OTT ecosystem.
Third, working closely and directly with our
Chinese media partners and high-level
regulators, we now have an advantaged
business model versus other U.S. companies
that we anticipate will provide significant
revenues from the reciprocal distribution of
content and OTT channel services in China
and North America.
Fourth, besides providing support and
premium content for OTT, our content
distribution business is clicking on all
cylinders due to an improved competitive
situation, more growth capital for content
investment, an enhanced greenlighting
process and analysis of massive consumer
preference data.
Fifth, based on the Bison deal, our growing
presence in OTT and our high volume of
deal announcements and corporate press
activity, our business profile and the
recognition of our new narrative has
increased dramatically in Hollywood, China
and all the OTT-related business sectors.
Besides increasing deal flow, we believe we
can combine this business excitement about
our new narrative and enhanced profile with
solid financial results to reach new
investors.
Finally, we believe we have a strong
management and employee team at the
Company that has weathered some big
challenges and come through them all
stronger to transform the Company. The
team is now fully battle tested and ready to
handle the rapidly scaling revenue and
business growth we are beginning to
generate.
We want to thank our Board of Directors for
their continued support and guidance, our
employees for their continued efforts to
build our business, and, of course, our
stockholders for their continuing support.
Best,
Christopher J. McGurk
Chairman of the Board and Chief Executive
Officer
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Psww"jvsq"gsrxmrymrk"stivexmsrw
Mrgsqi"*psww+"jvsq"hmwgsrxmryih"stivexmsrw
Psww"sr"wepi"sj"hmwgsrxmryih"stivexmsrw
Rix"psww
Rix"psww"exxvmfyxefpi"xs"rsrgsrxvsppmrk"mrxiviwx
Rix"psww"exxvmfyxefpi"xs"Gmrihmkq"Gsvt0
Tvijivvih"wxsgo"hmzmhirhw
Rix"psww"exxvmfyxefpi"xs"gsqqsr"wlevilsphivw
Fewmg"erh"hmpyxih"rix"psww"tiv"wlevi"jvsq"gsrxmrymrk
stivexmsrw
&
&
3=.745
4;.676
==3
s
s
s
34.634
7.7;2
88.=82
945
79
*36.472+
*6.726+
s
s
*499+
379
*3;.2=6+
*623+
*3;.6=7+
s
s
*3;.6=7+
47.343
45.998
3.435
;9
s
s
49.944
7.93;
;5.859
8.979
95
*3=.28;+
*7.637+
4.757
s
53
364
*36.=67+
*474+
*37.3=9+
s
s
*37.3=9+
53.563
55.589
9;=
3.352
3;.222
*4.44;+
59.566
7.;74
347.7=7
*43.368+
;4
*42.864+
*=53+
s
s
735
*62+
*64.386+
*567+
*64.72=+
s
s
*64.72=+
52.32=
53.342
*428+
4.85;
8.222
3.4;4
59.73=
7.;86
336.548
*;.;64+
323
*3=.;==+
s
s
s
327
*663+
*4;.=98+
s
*4;.=98+
322
*5.4=5+
*54.38=+
63
*3;.676+
*578+
*3;.;32+ &
8;
*37.34=+
*578+
*37.6;7+ &
989
*63.964+
*578+
*64.2=;+ &
;83
*53.52;+
*578+
*53.886+ &
4;.=42
48.555
5=6
3.755
s
s
59.4;=
5.695
=9.=64
8.5;8
=;
*3=.977+
s
s
*3.;34+
666
89=
*35.=82+
s
*35.=82+
*33.=26+
s
*47.;86+
s
*47.;86+
*578+
*48.442+
*20;3+ &
*30=4+ &
*8073+ &
*5093+ &
*4073+
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tiv"wlevi"*3+
45.326.;33
;.26=.382
8.689.=9;
9.89;.757
7.92;.654
⁄
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erh"gsrzivxmfpi"rsxiw"lezi"fiir"i|gpyhih"jvsq"xli"gsqtyxexmsr"sj"rix"psww"tiv"wlevi"jvsq"gsrxmrymrk"stivexmsrw"ew"xlimv"
mqtegx"{syph"fi"erxm/hmpyxmzi0
42
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Sxliv"Jmrergmep"Hexe>
Rix"gewl⁄tvszmhih"f}"stivexmrk"egxmzmxmiw
Rix"gewl"tvszmhih"f}"*ywih"mr+"mrziwxmrk"egxmzmxmiw
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Jsv"xli"Jmwgep"]ievw"Irhih"Qevgl"53.
423;
4239
*Mr"xlsywerhw+
4238
4237
4236
& 3;.=74
*4.387+
343.3;4
5;.2;4
*43.26=+
& 35.788
*37.633+
373.556
83.326
*8=.6;=+
& 56.686
3.234
42=.5=;
334.534
*93.;64+
& 47.972
*52.;93+
495.239
373.582
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& 78.=88
*7.224+
558.93=
3=2.;96
32.449
44.5=9
*=53+
*38.2;2+
53.8==
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47.726
*3.5;=+
*39.855+
=.433
3.3=9
*63.846+
5=.7=6
*74.22=+
6=.3;4
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