×

GoDigital gets captial infusion from Preferred Ventures

Undisclosed amount brings investor Ed Ojdana to board chairmanship

Upstart VOD distributor GoDigital has received a high-six-figure capital infusion from Preferred Ventures, the digital media fund.

Preferred was launched last year by Ed Ojdana, founder of FreeCreditReport.com and former Experian Interactive CEO, and Chris Kelly, former Facebook chief privacy officer.

“The financial and intellectual resources provided by Preferred Ventures will fuel our growth as digital distribution continues to evolve,” said GoDigital founder and CEO Logan Mulvey. “There could be no better moment to secure this influx of capital.”

As a part of the capital infusion, Ojdana will become board chairman and Kelly will join the reconfigured board. Mulvey will remain CEO.

“Chris and I have been impressed with Logan’s vision of where digital distribution is headed,” Ojdana said. “GoDigital has established itself as a respected industry player and we look forward to taking it to the next level.”

Popular on Variety

Preferred Content managing partner Kevin Iwashina represented Preferred Ventures in the investment.

GoDigital, which has an output arrangement with Lionsgate and pacts with digital distribs including iTunes, Netflix, Amazon, Hulu, Playstation and Dish, has aggressively pursued content deals this year. It made a distribution pact with Adopt Films and acquired Might Entertainment in early 2012, secured on-demand rights to the 1,000-title Spanish-language film library of Latin Anywhere in February and has since scooped up a good handful of individual titles.

More Film

  • SAG Awards Placeholder

    SAG Awards: The Complete Winners List (Updating Live)

    Awards season is in full gear as actors take the spotlight on Sunday. The Screen Actors Guild Awards, recognizing the best film and television performances of the year, is underway. Quentin Tarantino’s ode to old Hollywood, “Once Upon a Time in Hollywood”; Martin Scorsese’s mob epic “The Irishman”; and Jay Roach’s Fox News drama “Bombshell” [...]

  • SAG Awards Placeholder

    How to Watch 2020 SAG Awards Online

    The 26th annual Screen Actors Guild Awards, honoring the top performers in film and television, is just a few hours away. Although the show is hostless, Joey King and Logan Browning are co-ambassadors of the ceremony, taking place on Sunday at the Shrine Auditorium in Los Angeles. The ceremony will be broadcast live on TNT [...]

  • A Fall from Grace

    'A Fall from Grace': Film Review

    Why stay in your lane when you can veer into other roadways with your own turbo-charged vehicles? With “A Fall from Grace,” mogul Tyler Perry swerves back and forth between his usual woman-centered melodrama and a quasi-thriller. Shot over just five days in late 2019, As is his intriguing way, however, Perry delivers some grace [...]

  • 'Suppressed: The Fight to Vote' Review:

    'Suppressed: The Fight to Vote': Film Review

    In 2018, Stacey Abrams, having served in the Georgia House of Representatives for 10 years, ran as the Democratic candidate for governor of Georgia. She was the first African-American woman in the United States to be chosen as a gubernatorial nominee by one of the two major parties. Abrams had tremendous support, and after losing [...]

  • Mike Lowrey (WILL SMITH), Marcus Burnett

    Box Office: 'Bad Boys for Life' Crossing $100 Million Worldwide

    Sony’s “Bad Boys for Life,” the third entry in the Will Smith and Martin Lawrence-led action series, ruled over the global box office and is expected to cross the $100 million mark through the Martin Luther King Jr. holiday weekend. The threequel, directed by Adil El Arbi and Bilall Fallah, scored $38.6 million overseas, along [...]

  • The Case

    Bac Films Closes Deals on Psychological Thriller 'The Case'

    Bac Films has closed several deals on Bernard Stora’s “The Case,” a psychological thriller set in the South of France starring Niels Arestrup (“At Eternity’s Gate,” “A Prophet”). The film had its market premiere at the UniFrance Rendez-Vous with French Cinema in Paris, a five-day showcase of French movies wrapping on Jan. 20. Arestrup stars [...]

More From Our Brands

Access exclusive content