The amount Cinedigm is paying for Bloody Disgusting in the cash-and-stock deal was not disclosed, but Cinedigm said it expects the acquisition will be immediately accretive. The deal follows Cinedigm’s acquisition of genre subscription VOD service Screambox earlier this year.
Launched in 2001, Bloody Disgusting started out publishing film and TV reviews in the horror genre and has since garnered a loyal fanbase. According to the company, the brand reaches more than 30 million unique horror fans annually across its website, the Bloody Disgusting podcast network, the BD app and on social channels. In 2011, Bloody Disgusting branched into production in 2011 with the “V/H/S” series.
“Cinedigm’s vision for digital expansion is what makes me confident that they are the right company to join to help bring the vision of Bloody Disgusting into the new streaming generation,” Miska said in a statement. Owen added, “Working with Cinedigm has made it clear that they share our passion for the genre.
McGurk added that by acquiring Bloody Disgusting, “we hope to create a larger, more accessible user experience for enthusiasts to discover, stream and discuss the genre with the objective of becoming the No. 1 global streaming destination for horror fans everywhere.”
CINEDIGM received warning about being delisted if the price is not brought up to $1 for ten days by October. They’ve never missed. This is a 40% guarantee. They have $10,000,000 in the bank
FreddyInSpace Holy shit. Huge congratulations! bradmiska
gbrandonhill Amazing news Brandon!
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