$CIDM Soars on News

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Wednesday, shares of tech stock Cinedigm jumped on news that the company’s over-the-top streaming channels – Dove Channel, CONtv and Docurama – have over two million app downloads and 420,000 registered users. In addition, the channels had approximately 35,000 active subscribers as of March 31, 2016, the last reporting date across all platforms.  Shares opened the day at $0.22 and have managed to climb to highs of $0.2664 during the afternoon session representing a move up of more than 18% on above average volume and making it one of the tech stocks to watch today.

“We are thrilled that our 3 channels have generated such interest and enthusiasm among consumers…CONtv is just over a year old and Dove Channel launched last September, so we believe this early success bodes very well for the growth prospects of all our channels.”- Chris McGurk, Chairman and CEO, Cinedigm.

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