Cinedigm, a provider of OTT entertainment networks and content, has announced a partnership with Vewd, the Smart TV OTT software provider, offering Cinedigm’s portfolio of streaming entertainment networks on Vewd-enabled devices worldwide.
As part of the agreement, Cinedigm’s networks will be available on an install base of more than 300 million Smart TVs and connected devices made by top brands such as Sony, Samsung, Skyworth, Hisense, Philips, and TiVo, among others. Additionally, Cinedigm’s networks will be available on more than 40 million new Vewd-powered devices shipping annually around the world.
The move further extends Cinedigm’s reach and distribution worldwide, expanding the Company’s footprint across top selling OEMs and hardware manufacturers with a special emphasis on the European Union, Latin America and Asia. The partnership further extends Cinedigm’s scale in the fast-growing ad-supported video on demand segment.
The first Cinedigm channels planned for the initial Vewd rollout include:
“Vewd is the perfect partner for Cinedigm, as both companies have a common goal to entertain viewers through high-quality programming, now more than ever, as more viewers seek out free alternatives to established Pay-TV services,” said Tony Huidor, Cinedigm’s General Manager of Digital Networks. “Vewd’s worldwide reach presents an invaluable opportunity for Cinedigm by allowing us to grow our distribution footprint even further as the ad-supported market continues to mature internationally.”
“With Global ad-supported OTT revenues surging to $53 billion globally over the next five years, our focus is on rapidly expanding our distribution footprint to maximise growth,” added Erick Opeka, President of Cinedigm Networks. “Vewd helps us dramatically expand the viewer base for our rapidly growing portfolio of OTT networks, which we expect to double over the next 18 months.”