Cinedigm Announces Third Quarter Fiscal 2018 Financial Results
Summary
LOS ANGELES, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: CIDM ) today announced financial results for the third quarter Fiscal Year 2018, which ended December 31, 2017.XUMO provides over-the-top (OTT) VOD and live, premium digital channels direct to consumers via smart TVs, mobile and streaming device integrations.We will focus on leveraging our proven channel, servicing and aggregation capabilities in the OTT streaming space, a projected $65 billion market segment, with the U.S. and China by far the two largest and fastest growing territories in that high growth business.”“With a total reduction in debt of $66 million this year and further enhancements planned, including a new revolving credit agreement, our balance sheet continues to grow stronger.Pursuant to the requirements of Regulation G, the Company has provided a reconciliation in the tables attached to this release of loss from continuing operations calculated in accordance with accounting principles generally accepted in the United States of America (“GAAP”) to Adjusted EBITDA.