You will be redirected back to your article in seconds

Cinedigm Bulks Up With $51.1 Million Acquisition of Gaiam Vivendi

In a move to expand distribution operations, Cinedigm has agreed to acquire Gaiam’s GVE home entertainment brands and content for $51.5 million.

Gaiam will retain its health and fitness media business. The Cinedigm acquisition includes the former Vivendi Entertainment library which distributed content from companies such as WWE, NFL, Hallmark, National Geographic and Discovery.

Cinedigm, which has elevated its profile by theatrically distributing Brie Larson starrer “Short Term 12,” said the acquisition is expected to add more than $15 million of annual EBITDA to financial results. The publicly-traded company built its business converting thousands of theaters around the country to digital, assembling a library of 5,000 titles and ramping up a slate that includes up to 20 titles a year targeted for theatrical bows combined with VOD and ultra-VOD releases.

Cinedigm is the largest aggregator and distributor of independent content and the fourth largest distributor of non-theatrical DVDs and Blu-Ray discs in the U.S. Annual retail sales are projected to exceed $320 million from both physical products and digital sales with multi-year relationships with suppliers, including

The acquisition is expected to close Oct. 21.

Popular on Variety

“This acquisition of GVE gives Cinedigm immediate scale and leverage across the entire entertainment value chain,” said CEO Chris McGurk. “The combination of GVE’s deep stable of consumer-friendly brands and unique direct retail relationships – paired with Cinedigm’s tremendous strength in the rapidly evolving digital distribution space as well as our theatrical releasing and over-the-top network businesses — creates a powerful and game-changing entity poised to take full advantage of the content distribution revolution,”

GVE President Bill Sondheim will become president of Cinedigm’s Entertainment Group.

Cinedigm has seen solid box office success so far with “Short Term 12” with Larson starring as a foster-care worker in a role that’s generating awards buzz.

Directed by Destin Daniel Cretton, its late summer release date was positioned to put it ahead of the fall crush of prestige pics. The drama’s taken in more than $908,000 in seven weeks and is still at 35 theaters with a 98% “fresh” rating on Rotten Tomatoes. At the Toronto Film Fest, Cinedigm acquired Kelly Reichardt’s “Night Moves.”

More Digital

  • NFL

    NFL Responds to Widespread Hack That Hijacked Social-Media Accounts

    The NFL, a week before Super Bowl LIV, was targeted by a hacking collective that temporarily commandeered social media accounts across Twitter and other platforms for the league and multiple teams. In the attack, 15 of the NFL’s teams — including the Super Bowl-bound Kansas City Chiefs and San Francisco 49ers — as well as [...]

  • A security guard wears a mask

    China’s Media Regulator Cuts 'Entertaining' TV Content During Coronavirus Crisis

    China’s media regulator has responded to the deadly coronavirus epidemic sweeping the country by cutting “entertaining” TV shows and boosting news programs, it said Tuesday, at a time when millions are stuck at home under quarantine. The announcement comes just days after it declared it was also doing the opposite: actively working to bring in [...]


    Netflix Unveils Third Italian Original, 17th Century Witchcraft Series 'Luna Nera'

    Netflix and production company Fandango on Tuesday unveiled the streamer’s third Italian original “Luna Nera” (Black Moon), a fantasy rooted in historical reality about a group of women accused of witchery in 17th century Italy. The innovative show will drop on January 31 in the roughly 190 territories where Netflix operates. Shot in Rome’s revamped Cinecittà Studios [...]

  • Boris Johnson Grants China's Huawei Limited

    UK Grants China's Huawei Limited Role in 5G Network, Despite Security Concerns

    The British government, led by Prime Minister Boris Johnson, decided Tuesday to allow Chinese tech giant Huawei to build parts of the country’s 5G network, in defiance of U.S. concerns over national security risks and the potential for Chinese espionage. The U.K.’s National Security Council green-lit the move to go ahead with “high risk vendor” [...]

  • ICM Partners

    ICM Partners Promotes Six Agents to Partner Status

    ICM Partners has promoted six agents to partner status. ICM’s partner class of 2020 features four women and two men drawn from disciplines across the agency: Courtny Catzel (Non-Scripted), Di Glazer (Theater), Shade Grant (Non-Scripted), Andrea Johnson (Concerts), Craig Shapiro (Talent) and Howie Tanenbaum (TV). The promotions bring the number of partners at ICM to [...]

More From Our Brands

Access exclusive content