Cinedigm has acquired a minority interest in multi-platform media company Shout! Factory, Cinedigm chairman and CEO Chris McGurk announced on Thursday.
The deal represents an expansion of a strategic partnership which will extend Cinedigm’s existing home entertainment distribution contract covering Shout! Factory’s content library of classic and contemporary television series, new horror and family films, animation and classic films.
Additionally, Shout! announced plans to relaunch the company’s existing over-the-top digital channel, Shout! Factory TV, which is focused on classic television and movies in a SVOD (subscription video on demand) and freemium AVOD (audio and video on demand) model.
“Shout! Factory has been our long-time partner and we are thrilled to make an investment in this innovative and forward-looking multimedia entertainment company,” McGurk said in a statement.