Exhibit 99.1



Cinedigm Reports Third Quarter Fiscal 2020 Financial Results


Net Loss of $2.3 Million Narrowed By 33% Year Over Year, And By 63% Excluding Non-recurring Charges


OTT/Streaming Revenues Increase 95%; Monthly Active Ad-Supported Streaming Viewers Reach 5.6 Million, Up 24.4% this Quarter


LOS ANGELES, February 14, 2020 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: CIDM) today announced its financial results for the three- and nine-month periods ended December 31, 2019.


Key Third Quarter FY 2020 Financial Results:


·Consolidated revenues were $11.5 million


-OTT/streaming revenues were up 95% year-over-year


-Strong OTT Channel revenues, primarily Advertising Video on Demand (AVOD) revenues, drove the majority of this growth


·Net loss to common stockholders of $2.3 million, a narrowing of 33% year-over-year, and a reduction of 63% year-over-year excluding non-recurring charges


·Adjusted EBITDA of $2.7 million


·Total debt has been reduced $12.5 million fiscal year-to-date


Key Business Highlights*:


·Entered into a stock purchase agreement to purchase approximately 29% of the outstanding current common shares in leading Chinese entertainment company Starrise Media Holdings Limited (“Starrise”) in an all-stock transaction valued at approximately US$68 million1.


·Overall Ad-supported streaming viewers grew from 4.5 million to 5.6 million users, up 24.4% over the quarter


·Free Ad-supported TV (FAST) monthly active users grew from 2.7 million to 3.3 million, up 23.2% over the quarter.


·Ad supported Video-on-Demand (AVOD) users grew from 1.8 million to 2.3 million, up 27.8% over the quarter.


·Overall minutes watched in the third quarter was up 303% over the prior year.


·Increased highly valuable, connected TV ad requests to 86% of overall inventory mix.


·Added new distribution partner, DistroTV, bringing eight of the Company’s popular networks to its programming roster.


·Launching two new AVOD drive services to bring additional, premium programming to the United States in a partnership with all3media International, the distributor of the leading independent television production & distribution company in the United Kingdom.


·Co-production content strategy continues to perform and produce wins in the marketplace, with the Company more than doubling the number of films from FY’19 to FY’20.


·Extended relationship with National Football League for Super Bowl LIV and catalog content.


The following information was filed by Cinedigm Corp. (CIDM) on Wednesday, February 19, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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