Total Revenues of $15 Million Up 149% Year-Over-YearE said:AG 2000' said:Obliterated earnings.Ccutamu said:
$CIDM rocket AH
Streaming Revenues up 181% Year-Over-Year
Ad-Supported Streaming Channel Revenues Up 301% Year-Over-Year
Subscription Streaming Channel Revenues Up 88% Year-Over-Year
- Paid down all remaining Company debt shortly after quarter end.
Key Business Highlights During First Quarter Fiscal 2022 (Quarter ended June 30, 2021):
- Total streaming minutes in the quarter increased to approximately 1.37 billion, a new Company record, up 18% from 1.16 billion in the prior sequential quarter, and up 386% versus the prior year quarter;
- Monthly streaming minutes in June 2021 reached approximately 504 million, a new Company record, up 349% versus June 2020;
- Total monthly ad-supported streaming channel viewers in the quarter were 22.5 million, up 186% versus 7.9 million in the prior year quarter;
- Total live streaming enthusiast channel brands under contract or distribution increased to 25, up from 16 in the prior year quarter;
- Total subscribers to the Company's subscription video streaming services exceeded 679,000 subscribers in June 2021, up approximately 38,000 subscribers or 6% over the prior sequential quarter and up 558,000 or 460% over the prior year quarter due to continued expansion of third-party and wholesale distribution deals;
- Closed the acquisition of FoundationTV and formed new Cinedigm India division to develop streaming services for booming Indian and South Asian markets in addition to powering Cinedigm's global portfolio of streaming services;
- Announced the upcoming launch of an exclusive AVOD and linear streaming service, The Elvis Presley Channel, in partnership with Elvis Presley Enterprises and Authentic Brands Group. The channel will feature concerts, films, and series celebrating the "King of Rock N' Roll";
- Partnered with music-television linear cable network The Country Network to expand reach by launching aggressive streaming distribution strategy.
