Cinedigm (NASDAQ: CIDM) and Status Media & Entertainment announced today they have entered into a multi-picture partnership for the production of high concept action feature films to be delivered over the next 24 months. Cinedigm will have all rights to the films, including theatrical, digital, television and DVD. Additionally, content will be available for delivery via Cinedigm’s OTT channel portfolio, including CONtv.
“Filmmaking is both an art and a business,” says Timothy Woodward Jr, President & CEO of Status Media & Entertainment. “This deal allows us to reach new creative heights by producing a slate of high concept, cast-driven action films. We’ve built a reputation for producing some of the most exciting action sequences in independent film (often done practically, not by CG) and we’re very proud of that distinction.”
“We are delighted to sign this multi-picture agreement with the very creative and forward-thinking folks at Status Media,” said Cinedigm President Bill Sondheim. “The deal underlines Cinedigm’s continued commitment to the multi-label co-production arrangements we have been forging over the past year, each providing us with all North American rights, a crucial advantage as the landscape of rights exploitation continues to evolve.”
“We cast some of the biggest names in the action feature film genre,” says Lauren de Normandie, COO of Status Media. “Global audiences love our action star casts, which have included names such as Danny Glover, Ving Rhames, Vinnie Jones, Danny Trejo, Sean Astin, Mischa Barton, Tom Sizemore, Estella Warren, and Michael Paré. We will continue that high profile casting tradition in future Cinedigm projects.”
“Cinedigm is aggressively acquiring content with a global appeal,” says Mark Kashden, Cinedigm’s Senior Vice President of Acquisitions. “In a very short time and through astute casting and the highest production values, Status Media has become one of the most bankable action film producers in the business. They’re a natural partner for us and we are very confident about our future slate.”
“These are exciting times, and we are looking forward to a long and successful relationship with Cinedigm,” says Executive Producer Craigar Grosvenor of Puppy Entertainment Films, who works in collaboration with Status Media.
About Status Media & Entertainment
Status Media & Entertainment is a Los Angeles based film production company with a focus on high concept, niche action/thriller genre films for the home entertainment and theatrical markets. By adding practical effects and explosions, and casting some of the industry’s top action stars, each film has a distinctive look and feel. Status Media’s current library consists of projects that star name talent including: Danny Glover, Ving Rhames, Vinnie Jones, Danny Trejo, Sean Astin, James Remar, Mischa Barton, Verne Troyer, Tom Sizemore, Johnny Messner, Estella Warren, Luke Goss, and Michael Paré. Since its inception, Status Media has changed the game of movie making by bending the rules and exceeding expectation, and by establishing a brand that is internationally recognized as a trusted source of feature film content in today’s marketplace. Recent titles include supernatural action/thriller Checkmate starring Danny Glover, Sean Astin and Mischa Barton; 24 Hours starring Tom Sizemore and Michael Paré, and Throwdown starring Danny Trejo, Vinnie Jones and Luke Goss.www.statusmedia-ent.com
Cinedigm is a leading independent content distributor in the United States, with direct relationships with over 60,000 physical retail storefronts and digital platforms, including Wal-Mart, Target, iTunes, Netflix, and Amazon, as well as the national Video on Demand platform on cable television. The company’s library of over 52,000 films and TV episodes encompasses award-winning documentaries from Docurama Films®, next-gen Indies from Flatiron Film Company®, acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Films and a wide range of content from brand name suppliers, including National Geographic, Discovery, Scholastic, WWE, NFL, Shout Factory, Hallmark, Jim Henson and more.
Additionally, given Cinedigm’s infrastructure, technology, content and distribution expertise, the company has rapidly become a leader in the quickly evolving over-the-top digital network business. Cinedigm’s first channel, DOCURAMA, launched in May 2014, and is currently available on over 200 million consumer devices including ioS, Roku, Xbox and Samsung, with additional platforms currently being rolled out. Earlier this year, Cinedigm also announced plans for CONtv, a Comic Con branded channel, in partnership with WIZARD WORLD, for launch in Q1 2015. The Company also announced its third OTT channel via a partnership with The Dove Foundation. DOVE MOVIE CHANNEL will be a digital streaming subscription service targeted to families and kids seeking high quality and family friendly content approved by Dove.