Chris Macgurk Los Angeles tv video film broadway licensing Chris Macgurk Los Angeles

Future Today’s Planned Merger With Cinedigm Scrapped, In Content Licensing Deal Instead

Reading now: 605
deadline.com

By Jill Goldsmith OTT platform Future Today said Monday it’s merger agreement with Cinedigm has been terminated and it’s entered into a content licensing arrangement with the company instead to extend its content offering.

The merger agreement, worth about $60 million, was announced a year ago. Future Today is privately held and majority owned by founders Alok Ranjan and Vikrant Mathur, who started the company in 2006.

In a statement Monday, they declined to elaborate on why the deal with Los Angeles-based company run by Chris McGurk didn’t close but said it was an amicable parting of ways.

But the company did report that February marked the best performance ever of its channels, with users up almost 60% year on year and streaming hours

Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA