Digital media company Cinedigm Corp. is to acquire the Fandor indie film streaming service as it expands its presence in the online space.
Terms of the deal were not disclosed, but Chris McGurk's digital venture is acquiring Fandor's library of independent films, documentaries and international features with, in all, around 4600 titles.
Cinedigm aims to leverage its own content library, technology and distribution abilities to expand Fandor's content offering, while also relaunching the service's apps and increasing its distribution worldwide.
Read more on hollywoodreporter.com
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