Cinedigm Takes Shareholder Position with Roundtable Entertainment

Cinedigm and Roundtable Entertainment have inked a partnership deal to co-finance a variety of films to be distributed on Cinedigm’s OTT networks and other third-party streaming platforms. In addition, the two companies plan to launch several streaming channels together. Cinedigm is taking a minority shareholder position in Roundtable Entertainment as part of the deal.

The partnership commences with a 10-picture, $15 million thriller slate, led by All My Friends Are Dead, directed by Kevin Greutert (Saw franchise). All My Friends Are Dead tells the tale of a group of close college friends who get a great deal on a killer Airbnb for the biggest music festival of the year. A weekend of partying quickly takes a turn for the worse, as the group is murdered one by one. They soon discover that each death directly corresponds to one of the Seven Deadly Sins. The film will be produced by John Baldecchi, (Happy Death Day) and executive produced by Dominic Ianno (Soul Surfer), with Ingenious Media providing production funding.

Roundtable’s established creative relationships, IP development expertise and co-financing abilities are the perfect complement to Cinedigm’s core distribution strengths,” Cinedigm Chairman and CEO Chris McGurk stated. “This partnership will produce premium content and launch high profile branded enthusiast streaming channels to further expand Cinedigm’s high-growth and rapidly-expanding streaming business in a low cost, capital-efficient and high return manner.”

“Our partnership will leverage the best that both companies have to offer, providing Cinedigm with a steady pipeline of quality genre films and additional channels while maximizing return on investment,” said Cinedigm Chief Strategy Officer Erick Opeka.