Cinedigm Podcast Network Continues Expansion in Scripted Audio Drama with Two New Original Series and Expects to Triple Output by End of its Fiscal Year Next March

Driven by Titles under the Popular Bloody Disgusting Brand, Cinedigm's Growing Podcast Network Passes 50 Million Downloads and Increases Content by 127%, with Plans to Leverage Audio IP for TV Series and Films

Expects to Increase its Owned and Operated Podcasts to more than 100 within 24 Months; Becoming a Multi-Million Dollar Annual Revenue Business

LOS ANGELES, CA / ACCESSWIRE / June 23, 2022 / Cinedigm (NASDAQ:CIDM), a premier streaming company dedicated to serving enthusiast fan bases, today announced that the Cinedigm Podcast Network has reached 50 million downloads and plans to triple its podcast lineup to 75 titles by the end of its fiscal year next March.

To date, the Company owns or distributes 25 podcasts through its Bloody Disgusting and Fandor brands, up 127% from 11 as of March of this year. Future podcast endeavors will fall under the above banners, with Cinedigm also actively pursuing opportunities to create audio content associated with its other brands dedicated to serving enthusiast fans across other genres.

In addition to the recently signed popular horror fiction podcasts such as Scare You to Sleep with Shelby Scott, two new scripted fictional podcasts in development via Bloody Disgusting - which represents the largest share and fastest-growing segment of Cinedigm's Podcast Network - are Skin Crawl and the Mayfair Watcher's Society. See below for full descriptions.

Cinedigm is committed to distributing podcasts to excite and engage its fans. Further signaling the Company's dedication to the podcast business, Cinedigm continues to expand its podcast team across its entire channel portfolio to produce more Audio Dramas, or original scripted series for podcasts, which is the fastest-growing segment of the podcast business. Additionally, partnering with the world's leading independent podcast company Acast has allowed Cinedigm to reach an enthusiastic array of loyal listeners.

"As a leading podcast distributor, Cinedigm is committed to growing our footprint within the podcast space. The company expects to increase its owned and operated podcasts to more than 100 within 24 months," said Erick Opeka, President & Chief Strategy Officer at Cinedigm. "The Audio Drama segment is not only heavily in demand for advertisers, but it also creates and validates valuable IP that can expand into feature films and series."