Cinedigm, which has been redirecting its focus from cinema tools to streaming video, stated Content Entertainment Group President Bill Sondheim is exiting the corporate.
Yolanda Macias, who’s EVP of the group, and SVP Dan Coyle, will now oversee the content material division.
The government reshuffling follows the announcement final month that Cinedigm is buying ad-supported streaming platform Future Today Inc.
Macías, a Cinedigm exec since 2013, has beforehand held posts at DirecTV, Technicolor and Disney. Coyle, who additionally joined the corporate in 2013, had government roles at Gaiam, which was acquired by Cinedigm, and earlier than that at Goodtimes Entertainment.
Sondheim will stay a advisor at Cindedigm. “I’d like to thank Cinedigm Chairman and CEO Chris McGurk for providing me with some incredible experiences and growth opportunities over the past five years,” he stated. Chris has charted a sensible and daring strategic route for Cinedigm together with his dedication to broaden digital channels and the streaming enterprise and I consider this will likely be an thrilling subsequent chapter as he leads Cinedigm into the longer term.”
The Future Today deal will increase Cinedigm’s OTT footprint to greater than 7.6 million month-to-month energetic customers and 67 million complete app installs, in keeping with the corporate. “The content distribution business is changing at a lightning pace and it is important that we continue our leadership position as the landscape shifts,” McGurk stated. “We deeply value the importance of our home entertainment distribution business, and now that we have repositioned ourselves as a leading OTT streaming company, we believe all aspects of our business will benefit. We thank Bill for his efforts over the years to bring Cinedigm to this exciting new market position and we wish him the best for his new business endeavors. We remain deeply committed to our robust independent premium content distribution business and I am certain our efforts in that arena will continue their success under the leadership of Yolanda and Dan.”
