News Snapshot:
Cinedigm, which has steadily expanded its streaming portfolio in recent years, adds 10 new channels, 7,500 titles and enters the ad network business by acquiring the rights to digital media. Founded by Michael Hong and David Chu, DMR is a distributor, channel and ad network operator, and curator of social videos. The private company is said to be profitable, with more than $ 10 million in revenue per year, according to a person familiar with his books. Financial terms were not spelled out in the deal announcement, but a source pegged it at between $ 20 million and $ 25...
