LOS ANGELES--(BUSINESS WIRE)-- Cinedigm (NADSAQ: CIDM) and Magnet Media Productions today announced they have entered into partnership to distribute five feature films over the next three years using Cinedigm's expansive digital distribution and marketing capabilities.
"In Cinedigm, we have found a partner who can help us bring our films to best possible audiences and to guide the marketing efforts behind those releases," said Michele Ohayon, Chief Executive Officer of Magnet. "A smart theatrical release for independent projects is invaluable in terms of enhancing awareness and interest, and Cinedigm has created the perfect model for getting films to theatres in a financially responsible manner, creating tremendous upside for the entire industry."
Magnet Media Productions' slate has Academy Award(R)-winning talent in front of and behind the camera and is defined by high-concept commercial and cast-driven projects with authentic characters and compelling stories. The company is currently in pre-production on MARRIED AND CHEATING starring Sarah Jessica Parker, Eva Longoria and Brendan Frasier. Other recent films include THIRTEEN, starring Sam Riley, 50 Cent and Mickey Rourke, THE EXPERIMENT starring Academy Award(R) winners Adrien Brody and Forrest Whitaker, and DARK TIDE starring Academy Award(R) winner Halle Berry and Olivier Martinez.
"We are thrilled to bring Magnet's commercially-minded projects to the big screen," said Vincent Scordino, Vice President of Acquisitions for Cinedigm. "It's vital to the entire industry that the independent film community stay strong and vibrant, and this type of smart theatrical release with targeted marketing is bound to do just that."
Scordino negotiated the deal on behalf of Cinedigm.
Over the past decade, Cinedigm has led the digital distribution revolution that continues to transform the media landscape. In addition to its pioneering role in transitioning movie theatres from traditional film prints to digital distribution, Cinedigm continues to advance worldwide cinema modernization with its suite of software products allowing exhibitors and distributors to manage their newly digital businesses with efficiency, insight and certainty. And, as the leading distributor of independent content in the world, Cinedigm collaborates with producers and the exhibition community with unequalled transparency to market, source, curate and distribute quality content across all digital platforms to targeted and profitable audiences. The company's library of over 5,000 titles includes award-winning documentaries from Docurama Films(R), next-gen indies from Flatiron Film Company(R) and acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Film. Cinedigm is proud to distribute many Oscar(R)-nominated films including "The Invisible War," "Hell and Back Again," "GasLand," "Waste Land" and "Paradise Lost 3: Purgatory."
About Magnet Media Productions
Magnet Media Productions (MMP) is a California-based LLC. MMP is a film finance and production company, with offices in Beverly Hills, Cologne, and London. The Company was launched in 2009 as an equity film fund and has since expanded to include senior and junior debt financing for films, funded by its German division MMP. The company's mission is to be a self-sustained, international media company, exploring resources and content that bring the utmost value to the screen.
Cinedigm Public Relations: MBC Maggie Begley Office: 310.301.1785 Mobile: 310.749.3055 Maggie@mbcprinc.com
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