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Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 4:51 PM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #33. Cinedigm Corp. Gaiam Entertainment Media Distribution Business

Acquirer: Cinedigm Corp. (CIDM)
Acquiree: Gaiam Entertainment Media Distribution Business (GAIA)
Details: Gaiam, Inc. (NASDAQ:GAIA) ("the Company"), a lifestyle media company, today announced that it has consummated the previously announced sale of its non-Gaiam branded entertainment media distribution business ("GVE") to Cinedigm Corp. (NASDAQ:CIDM) for $51.5 million, plus an adjustment for closing net working capital that is expected to total approximately $5 million to $7 million in additional cash consideration.

Cinedigm is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to titles and episodes released across digital, physical, and home and mobile entertainment platforms as well as a servicer of digital cinema assets. Co.'s segments are: cinema equipment business, which consists of the non-recourse, financing vehicles and administrators for Co.'s digital cinema equipment; and media content and entertainment business, which is engaged in ancillary market aggregation and distribution of entertainment content and branded and curated digital network business providing entertainment channels and applications.

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Cinedigm is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to titles and episodes released across digital, physical, and home and mobile entertainment platforms as well as a servicer of digital cinema assets. Co.'s segments are: cinema equipment business, which consists of the non-recourse, financing vehicles and administrators for Co.'s digital cinema equipment; and media content and entertainment business, which is engaged in ancillary market aggregation and distribution of entertainment content and branded and curated digital network business providing entertainment channels and applications.

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Company Name: 
Cinedigm Corp
Stock buyback: 
CIDM buyback
Website: 
www.cinedigm.com
Sector: 
Entertainment
Number of ETFs Holding CIDM: 
4
Total Market Value Held by ETFs: 
$249035
Total Market Capitalization: 
$50.00M
% of Market Cap. Held by ETFs: 
0.50%
Company Name: 
Gaia Inc (New)
Website: 
www.gaia.com
Sector: 
Entertainment
Number of ETFs Holding GAIA: 
15
Total Market Value Held by ETFs: 
$6.89M
Total Market Capitalization: 
$96.00M
% of Market Cap. Held by ETFs: 
7.18%
 

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