Cineverse (CNVS) 10-Q 15 Aug 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2016	Aug. 10, 2016
Document and Entity Information [Abstract]
Entity Central Index Key	1,173,204
Entity Registrant Name	CINEDIGM CORP.
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Current Fiscal Year End Date	--03-31
Amendment Flag	false
Entity Common Stock, Shares Outstanding		8,440,942
Entity Filer Category	Accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 14,380	$ 25,481
Accounts receivable, net	55,035	52,898
Inventory	1,923	2,024
Unbilled revenue	5,474	5,570
Prepaid and other current assets	16,356	15,872
Total current assets	93,168	101,845
Restricted cash	8,983	8,983
Property and equipment, net	53,368	61,740
Intangible assets, net	24,478	25,940
Goodwill	8,701	8,701
Debt issuance costs	1,663	894
Other assets	1,279	1,295
Total assets	191,640	209,398
Current liabilities
Accounts payable and accrued expenses	71,752	68,517
Current portion of notes payable, non-recourse	27,212	29,074
Current portion of capital leases	352	341
Current portion of deferred revenue	2,727	2,901
Total current liabilities	102,043	100,833
Notes payable, non-recourse, net of current portion	74,457	83,238
Notes payable, net of current portion	81,440	86,938
Capital leases, net of current portion	3,792	3,884
Deferred revenue, net of current portion	6,912	7,532
Total liabilities	268,644	282,425
Stockholders’ deficit
Additional paid-in capital	270,488	269,871
Treasury stock, at cost; 277,244; Class A common shares at June 30, 2016 and March 31, 2016, respectively	(2,839)	(2,839)
Accumulated deficit	(347,091)	(342,448)
Accumulated other comprehensive loss	(33)	(64)
Total stockholders’ deficit of Cinedigm Corp.	(75,836)	(71,842)
Deficit attributable to noncontrolling interest	(1,168)	(1,185)
Total deficit	(77,004)	(73,027)
Total liabilities and deficit	191,640	209,398
Series A preferred stock
Stockholders’ deficit
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; 7 shares issued and outstanding at June 30, 2016 and March 31, 2016, respectively. Liquidation preference of $3,648	3,559	3,559
Class A common stock
Stockholders’ deficit
Common stock, $0.001 par value; Class A and Class B stock; Class A stock 21,000,000 shares authorized; 8,176,023 and 7,977,861 shares issued and 7,898,779 and 7,700,617 shares outstanding at June 30, 2016 and March 31, 2016, respectively; 1,241,000 Class B stock authorized and issued and zero shares outstanding at June 30, 2016 and March 31, 2016, respectively	$ 80	$ 79

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2015	Mar. 31, 2016
Unamortized debt issuance expense	$ 2,901,000		$ 3,068,000
Preferred stock, shares authorized (shares)	15,000,000		15,000,000
Secured Debt
Unamortized debt issuance expense	$ 4,095,000		$ 4,458,000
Series A preferred stock
Preferred stock, shares authorized (shares)	20		20
Preferred stock, dividend rate (percentage)	10.00%	10.00%
Preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Preferred stock, shares issued (shares)	7		7
Preferred stock, shares outstanding (shares)	7		7
Preferred stock, liquidation preference	$ 3,648		$ 3,648
Class A common stock
Common stock, shares authorized (shares)	21,000,000		21,000,000
Common stock, par value (in dollars per share)	$ 0.001		$ 0.001
Common stock, shares issued (shares)	8,176,203		7,977,861
Common stock, shares outstanding (shares)	7,898,779		7,700,617
Treasury stock, Class A shares (shares)	277,244		277,244
Class B common stock
Common stock, shares authorized (shares)	1,241,000		1,241,000
Common stock, par value (in dollars per share)	$ 0.001		$ 0.001
Common stock, shares issued (shares)	1,241,000		1,241,000
Common stock, shares outstanding (shares)	0		0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenues	$ 22,475,000	$ 22,828,000
Costs and expenses:
Direct operating (excludes depreciation and amortization shown below)	5,691,000	7,292,000
Selling, general and administrative	6,432,000	9,616,000
Provision for doubtful accounts	0	339,000
Restructuring, transition and acquisition expenses, net	90,000	133,000
Depreciation and amortization of property and equipment	8,524,000	9,357,000
Amortization of intangible assets	1,463,000	1,459,000
Total operating expenses	22,200,000	28,196,000
Income (loss) from operations	275,000	(5,368,000)
Interest expense, net	(4,935,000)	(5,130,000)
Loss on extinguishment of debt	0	(931,000)
Other income, net	125,000	108,000
Change in fair value of interest rate derivatives	27,000	2,000
Loss from operations before income taxes	(4,508,000)	(11,319,000)
Income tax expense	(67,000)	0
Net loss	(4,575,000)	(11,319,000)
Net loss attributable to noncontrolling interest	21,000	434,000
Net loss attributable to controlling interests	(4,554,000)	(10,885,000)
Preferred stock dividends	(89,000)	(89,000)
Net loss attributable to common stockholders	$ (4,643,000)	$ (10,974,000)
Net loss per Class A and Class B common stock attributable to common stockholders - basic and diluted:
Net loss attributable to common stockholders (in dollars per share)	$ (0.70)	$ (1.63)
Weighted average number of Class A and Class B common stock outstanding: basic and diluted	6,623,449	6,732,178

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,575)	$ (11,319)
Other comprehensive income (loss): foreign exchange translation	31	(2)
Comprehensive loss	(4,544)	(11,321)
Less: comprehensive loss attributable to noncontrolling interest	21	434
Comprehensive loss attributable to controlling interests	$ (4,523)	$ (10,887)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (4,575)	$ (11,319)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization of property and equipment and amortization of intangible assets	9,987	10,816
Amortization of debt issuance costs included in interest expense	666	587
Provision for doubtful accounts	0	339
Provision for inventory reserve	130	0
Stock-based compensation and expenses	278	672
Change in fair value of interest rate derivatives	(27)	(2)
Accretion and PIK interest expense added to note payable	134	565
Loss on extinguishment of note payable	0	931
Changes in operating assets and liabilities;
Accounts receivable	(2,121)	3,363
Inventory	(29)	131
Unbilled revenue	96	134
Prepaid expenses and other assets	(510)	1,024
Accounts payable and accrued expenses	3,517	(4,518)
Deferred revenue	(794)	(618)
Net cash provided by operating activities	6,752	2,105
Cash flows from investing activities:
Purchases of property and equipment	(152)	(580)
Purchases of intangible assets	(1)	(3)
Net cash used in investing activities	(153)	(583)
Cash flows from financing activities:
Payment of notes payable	(10,999)	(28,796)
Net repayments under revolving credit agreement	(5,744)	(9,167)
Proceeds from issuance of 5.5% Convertible Notes	0	64,000
Payment for structured stock repurchase forward contract	0	(11,440)
Repurchase of Class A common stock	0	(2,667)
Principal payments on capital leases	(81)	(149)
Payments of debt issuance costs	(914)	(3,618)
Capital contributions from noncontrolling interest	38
Net cash (used in) provided by financing activities	(17,700)	8,726
Net change in cash and cash equivalents	(11,101)	10,248
Cash and cash equivalents at beginning of period	25,481	18,999
Cash and cash equivalents at end of period	$ 14,380	$ 29,247

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows (parenthetical)	Jun. 30, 2016	Dec. 31, 2014
5.5% Convertible Notes | Convertible Debt
Debt interest rate, stated rate	5.50%	5.50%

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NATURE OF OPERATIONS AND LIQUIDITY Cinedigm Corp. ("Cinedigm," the "Company," "we," "us," or similar pronouns) was incorporated in Delaware on March 31, 2000. We are (i) a leading distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to thousands of titles and episodes released across digital, physical, theatrical, home and mobile entertainment platforms and (ii) a leading servicer of digital cinema assets in over 12,000 movie screens in both North America and several international countries. We report our financial results in four primary segments as follows: (1) the first digital cinema deployment (“Phase I Deployment”), (2) the second digital cinema deployment (“Phase II Deployment”), (3) digital cinema services (“Services”) and (4) media content and entertainment group (“Content & Entertainment” or "CEG"). The Phase I Deployment and Phase II Deployment segments are the non-recourse, financing vehicles and administrators for our digital cinema equipment (the “Systems”) installed in movie theatres throughout the United States, and in Australia and New Zealand. Our Services segment provides fee based support to over 12,000 movie screens in our Phase I Deployment and Phase II Deployment segments, as well as directly to exhibitors and other third party customers, in the form of monitoring, billing, collection and verification services. Our Content & Entertainment segment is focused on: (1) ancillary market aggregation and distribution of entertainment content and; (2) a branded and curated over-the-top ("OTT") digital network business, providing entertainment channels and applications. We are structured so that our digital cinema business (collectively, the Phase I Deployment, Phase II Deployment and Services segments) operates independently from our Content & Entertainment segment. As of June 30, 2016 , we had approximately $105.8 million of outstanding debt principal that relates to, and is serviced by, our digital cinema business and is non-recourse to us. We also had approximately $84 million of outstanding debt principal that is a part of our Content & Entertainment and Corporate segments. In May 2016, we effected a 1-for-10 reverse stock split of our Class A common stock, whereby each 10 shares of our Class A common stock and common stock equivalents were converted into 1 share of Class A common stock. All share and per share amounts in the accompanying Consolidated Financial Statements and these Notes to the Consolidated Financial Statements have been retroactively adjusted to give effect to the reverse stock split. Liquidity We have incurred net losses historically and have an accumulated deficit of $347.1 million as of June 30, 2016 . We also have significant contractual obligations related to our recourse and non-recourse debt for the fiscal year ending March 31, 2017 and beyond. We may continue to generate net losses for the foreseeable future. We have plans in place which, when implemented, will effectively mitigate the liquidity conditions described above and ensure the Company will have adequate resources to implement its business strategy and continue as a going-concern for at least a year after these condensed consolidated financial statements are available to be issued. As of June 30, 2016 , we had cash and restricted cash balances of $23.4 million . On July 14, 2016, we received $2.0 million of additional capital from a lead lender in the form of a second lien secured loan. In addition, we have secured an aggregate of $2.0 million of committed funds from the same lead lender and $0.5 million of committed funds from our Chief Executive Officer in the form of second secured lien loans. These additional funds are expected to be received within 60 days following the initial $2.0 million loan. We have plans to implement certain cost reduction initiatives during fiscal 2017. These plans have been approved by our board of directors and are expected to achieve savings through personnel reductions, changes to occupancy costs and other related expenses. We continue to expect cash flows from our Phase I and II deployment operations will be sufficient to satisfy our liquidity and contractual requirements that are linked to these operations. In addition, as discussed in more detail in Note 6 - Notes Payable , our debt obligations have instituted certain financial and liquidity covenants and capital requirements, and from time to time, we may need to use available capital resources and raise additional capital to satisfy these covenants and requirements. As discussed above, we raised $2.0 million in second lien secured debt in July 2016. This new capital will be used for general corporate purposes. We also received a backstop commitment for an additional $2.0 million of loans from the same lender and a commitment from Christopher McGurk, our Chief Executive Officer, to invest in $500,000 of loans, in both cases within the following 60 days from the initial closing of the second lien secured debt. The proceeds of this additional financing will be used to expand our content and distribution business and support the growth of our OTT channel business. There can be no assurance that the transactions under discussion will be consummated. Failure to generate adequate revenues, raise additional capital and debt or manage discretionary spending could have an adverse effect on our financial position, results of operations or liquidity.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION AND CONSOLIDATION The accompanying Condensed Consolidated Financial Statements are unaudited and include the accounts of the Company, its wholly owned and majority owned subsidiaries, and reflect all normal and recurring adjustments necessary for the fair presentation of its consolidated financial position, results of operations and cash flows. All material inter-company accounts and transactions have been eliminated in consolidation. Investments in which we do not have a controlling interest or are not the primary beneficiary but have the ability to exert significant influence, are accounted for under the equity method of accounting. Noncontrolling interests for which we have been determined to be the primary beneficiary are consolidated and recorded as net income (loss) attributable to noncontrolling interest. See Note 4 - Other Interests to the Condensed Consolidated Financial Statements for a discussion of our noncontrolling and majority interests. RECLASSIFICATIONS We have reclassified certain amounts previously reported in our condensed consolidated financial statements to conform to the current presentation, including reclassifying a contribution from non-controlling interest in the amount of $0.6 million in 2015 from investing activities to financing activities in the condensed consolidated statement of cash flows. USE OF ESTIMATES The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires us to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under GAAP, interim accounting for certain expenses, such as the adequacy of accounts receivable reserves, return reserves, inventory reserves, recovery of advances, minimum guarantees, assessment of goodwill and intangible asset impairment and valuation reserve for income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"), although we believe that the disclosures are adequate to make the information presented not misleading. The results of operations for the respective interim periods are not necessarily indicative of the results expected for the full year. These Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2016 . CASH AND CASH EQUIVALENTS We consider all highly liquid investments with an original maturity of three months or less to be "cash equivalents." We maintain bank accounts with major banks, which from time to time may exceed the Federal Deposit Insurance Corporation’s insured limits. We periodically assess the financial condition of the institutions and believe that the risk of any loss is minimal. ACCOUNTS RECEIVABLE We maintain reserves for potential credit losses on accounts receivable. We review the composition of accounts receivable and analyze historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Reserves are recorded primarily on a specific identification basis. Our Content & Entertainment segment recognizes accounts receivable, net of an estimated allowance for product returns and customer chargebacks, at the time that it recognizes revenue from a sale. We base the amount of the returns allowance and customer chargebacks upon historical experience and future expectations. We record accounts receivable, long-term in connection with activation fees that we earn from Systems deployments that have extended payment terms. Such accounts receivable are discounted to their present value at prevailing market rates. UNBILLED AND DEFERRED REVENUE Unbilled revenue represent amounts recognized as revenue for which invoices have not yet been sent to clients. Deferred revenue represents amounts billed or payments received for which revenue has not yet been earned. ADVANCES Advances, which are recorded within prepaid and other current assets within the consolidated balance sheets, represent amounts prepaid to studios or content producers for which we provide content distribution services. We evaluate advances regularly for recoverability and record charges for amounts that we expect may not be recoverable as of the consolidated balance sheet date. INVENTORY Inventory consists of finished goods inventory of Company owned DVD and Blu-ray Disc titles and is stated at the lower of cost (determined based on weighted average cost) or market. We identify inventory items to be written down for obsolescence based on their sales status and condition. We write down discontinued or slow moving inventories based on an estimate of the markdown to retail price needed to sell through our current stock level of the inventories. RESTRICTED CASH Our 2013 Term Loans and Prospect Loan require that we maintain specified cash balances that are restricted to repayment of interest thereunder. In addition, during the year ended March 31, 2016, certain terms of the Cinedigm Credit Agreement were amended which require us to maintain a specified cash balance restricted to the repayment of interest on the Convertible Notes (see Note 6 - Notes Payable ). PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows: Computer equipment and software 3 - 5 years Digital cinema projection systems 10 years Machinery and equipment 3 - 10 years Furniture and fixtures 3 - 6 years Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the leasehold improvements. Repair and maintenance costs are charged to expense as incurred. Major renewals, improvements and additions are capitalized. Upon the sale or other disposition of any property and equipment, the cost and related accumulated depreciation and amortization are removed from the accounts and the gain or loss on disposal is included in the condensed consolidated statements of operations. ACCOUNTING FOR DERIVATIVE ACTIVITIES Derivative financial instruments are recorded at fair value. Changes in the fair value of derivative financial instruments are either recognized in accumulated other comprehensive loss (a component of stockholders' deficit) or in the consolidated statements of operations depending on whether the derivative qualifies for hedge accounting. We entered into an interest rate cap transaction during the fiscal year ended March 31, 2013 to limit our exposure to interest rates related to our 2013 Term Loans and Prospect Loan. The interest rate cap on the 2013 Term Loans matured in March 2016 and the interest rate cap on the Prospect Loan matures March of 2018. We have not sought hedge accounting treatment for these instruments and therefore, changes in the value of our Interest Rate Swaps and caps were recorded in the condensed consolidated statements of operations. FAIR VALUE MEASUREMENTS The fair value measurement disclosures are grouped into three levels based on valuation factors: • Level 1 – quoted prices in active markets for identical investments • Level 2 – other significant observable inputs (including quoted prices for similar investments and market corroborated inputs) • Level 3 – significant unobservable inputs (including our own assumptions in determining the fair value of investments) Assets and liabilities measured at fair value on a recurring basis use the market approach, where prices and other relevant information are generated by market transactions involving identical or comparable assets or liabilities. The following tables summarize the levels of fair value measurements of our financial assets and liabilities: As of June 30, 2016 (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 8,983 $ — $ — $ 8,983 Interest rate derivatives — 3 — 3 $ 8,983 $ 3 $ — $ 8,986 March 31, 2016 (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 8,983 $ — $ — $ 8,983 Interest rate derivatives — 12 — 12 $ 8,983 $ 12 $ — $ 8,995 Our cash and cash equivalents, accounts receivable, unbilled revenue and accounts payable and accrued expenses are financial instruments and are recorded at cost in the Condensed Consolidated Balance Sheets. The estimated fair values of these financial instruments approximate their carrying amounts because of their short-term nature. The carrying amount of notes receivable approximates fair value based on the discounted cash flows of such instruments using current assumptions at the balance sheet date. At June 30, 2016 and March 31, 2016 , the estimated fair value of our fixed rate debt approximated its carrying amounts. We estimated the fair value of debt based upon current interest rates available to us at the respective balance sheet dates for arrangements with similar terms and conditions. Based on borrowing rates currently available to us for loans with similar terms, the carrying value of notes payable and capital lease obligations approximates fair value. IMPAIRMENT OF LONG-LIVED AND FINITE-LIVED ASSETS We review the recoverability of our long-lived assets and finite-lived intangible assets, when events or conditions occur that indicate a possible impairment exists. The assessment for recoverability is based primarily on our ability to recover the carrying value of our long-lived and finite-lived assets from expected future undiscounted net cash flows. If the total of expected future undiscounted net cash flows is less than the total carrying value of the asset, the asset is deemed not to be recoverable and possibly impaired. We then estimate the fair value of the asset to determine whether an impairment loss should be recognized. An impairment loss will be recognized if the asset's fair value is determined to be less than its carrying value. Fair value is determined by computing the expected future discounted cash flows. During the three months ended June 30, 2016 and 2015 , no impairment charge was recorded from operations for long-lived assets or finite-lived assets. GOODWILL Goodwill is the excess of the purchase price paid over the fair value of the net assets of an acquired business. Goodwill is tested for impairment on an annual basis at the end of the fourth quarter of each fiscal year, or more often if warranted by events or changes in circumstances indicating that the carrying value of a reporting unit may exceed fair value, also known as impairment indicators. Our process of evaluating goodwill for impairment involves the determination of fair value of goodwill compared to its carrying value. Our only reporting unit with goodwill is our Content & Entertainment reporting unit. Inherent in the fair value determination for each reporting unit are certain judgments and estimates relating to future cash flows, including management’s interpretation of current economic indicators and market conditions, and assumptions about our strategic plans with regard to its operations. To the extent additional information arises, market conditions change or our strategies change, it is possible that the conclusion regarding whether our remaining goodwill is impaired could change and result in future goodwill impairment charges that will have a material effect on our consolidated financial position or results of operations. No goodwill impairment charge was recorded in the three months ended June 30, 2016 and June 30, 2015 . PARTICIPATIONS AND ROYALTIES PAYABLE When we use third parties to distribute company owned content, we record participations payable, which represent amounts owed to the distributor under revenue-sharing arrangements. When we provide content distribution services, we record accounts payable and accrued expenses to studios or content producers for royalties owed under licensing arrangements. We identify and record as a reduction to the liability any expenses that are to be reimbursed to us by such studios or content producers. DEBT ISSUANCE COSTS We incur debt issuance costs in connection with long-term debt financings. Such costs are recorded as a direct deduction to notes payable and amortized over the terms of the respective debt obligations using the effective interest rate method. Debt issuance costs recorded in connection with revolving debt arrangements are presented in other assets on the Consolidated Balance Sheets and are amortized over the term of the revolving debt agreements using the effective interest rate method. REVENUE RECOGNITION Phase I Deployment and Phase II Deployment Virtual print fees (“VPFs”) are earned, net of administrative fees, pursuant to contracts with movie studios and distributors, whereby amounts are payable by a studio to Phase 1 DC, CDF I and to Phase 2 DC when movies distributed by the studio are displayed on screens utilizing our Systems installed in movie theatres. VPFs are earned and payable to Phase 1 DC and CDF I based on a defined fee schedule with a reduced VPF rate year over year until the sixth year (calendar year 2011) at which point the VPF rate remains unchanged through the tenth year until the VPFs phase out. One VPF is payable for every digital title displayed per System. The amount of VPF revenue is dependent on the number of movie titles released and displayed using the Systems in any given accounting period. VPF revenue is recognized in the period in which the digital title first plays on a System for general audience viewing in a digitally equipped movie theatre, as Phase 1 DC’s, CDF I's and Phase 2 DC’s performance obligations have been substantially met at that time. Beginning in December 2015, certain Phase 1 DC Systems began to reach the conclusion of their deployment payment period with certain distributors and, therefore, VPF revenues ceased to be recognized on such Systems. Furthermore, because the Phase I deployment installation period ended in November 2007, a majority of the VPF revenue associated with the Phase I systems will end by November 2017. While the absence of such revenue was not material to our consolidated financial statements during the quarter ended June 30, 2016 , it is expected to have a material impact in subsequent periods. As of June 30, 2016 , 189 of the systems in our Phase I deployment had ceased to earn VPF revenue from certain major studios. By December 2016, we expect that more than 50% of our Phase I deployment systems will cease to earn VPF revenue from certain major studios and by December 2017, we expect that nearly all of our Phase I deployment systems will no longer earn VPF revenue from certain major studios. We expect to continue to earn ancillary revenue streams from the Phase I deployment Systems through December of 2020; however, such amounts are expected to be significantly less material to our consolidated financial statements. The expected reduction in VPF revenue on our Phase I systems is scheduled to approximately coincide with the conclusion of certain of our non-recourse debt obligations and, therefore, we expect that reduced cash outflows related to such non-recourse debt obligations will partially offset reduced VPF revenue after November 2017. Phase 2 DC’s agreements with distributors require the payment of VPFs, according to a defined fee schedule, for ten years from the date each system is installed; however, Phase 2 DC may no longer collect VPFs once “cost recoupment,” as defined in the contracts with movie studios and distributors, is achieved. Cost recoupment will occur once the cumulative VPFs and other cash receipts collected by Phase 2 DC have equaled the total of all cash outflows, including the purchase price of all Systems, all financing costs, all “overhead and ongoing costs”, as defined, and including service fees, subject to maximum agreed upon amounts during the three-year rollout period and thereafter. Further, if cost recoupment occurs before the end of the eighth contract year, the studios will pay us a one-time “cost recoupment bonus.” Any other cash flows, net of expenses, received by Phase 2 DC following the achievement of cost recoupment are required to be returned to the distributors on a pro-rata basis. At this time, we cannot estimate the timing or probability of the achievement of cost recoupment. Beginning in December 2018, certain Phase 2 DC Systems will have reached the conclusion of their deployment payment period, subject to earlier achievement of cost recoupment. In accordance with existing agreements with distributors, VPF revenues will cease to be recognized on such Systems. Because the Phase II deployment installation period ended in December 2012, a majority of the VPF revenue associated with the Phase II systems will end by December 2022 or earlier if cost recoupment is achieved. Alternative content fees (“ACFs”) are earned pursuant to contracts with movie exhibitors, whereby amounts are payable to Phase 1 DC, CDF I and to Phase 2 DC, generally either a fixed amount or as a percentage of the applicable box office revenue derived from the exhibitor’s showing of content other than feature movies, such as concerts and sporting events (typically referred to as “alternative content”). ACF revenue is recognized in the period in which the alternative content first opens for audience viewing. Revenues earned in connection with up front exhibitor contributions are deferred and recognized over the expected cost recoupment period. Services Exhibitors who purchased and own Systems using their own financing in the Phase II Deployment paid us an upfront activation fee of approximately $2.0 thousand per screen (the “Exhibitor-Buyer Structure”). Upfront activation fees were recognized in the period in which these Systems were delivered and ready for content, as we had no further obligations to the customer after that time and collection was reasonably assured. In addition, we recognize activation fee revenue of between $1.0 thousand and $2.0 thousand on Phase 2 DC Systems and for Systems installed by CDF2 Holdings, a related party, (See Note 3 - Other Interests ) upon installation and such fees are generally collected upfront upon installation. Our services segment manages and collects VPFs on behalf of exhibitors, for which it earns an administrative fee equal to 10% of the VPFs collected. Our Services segment earns an administrative fee of approximately 5% of VPFs collected and, in addition, earns an incentive service fee equal to 2.5% of the VPFs earned by Phase 1 DC. This administrative fee is recognized in the period in which the billing of VPFs occurs, as performance obligations have been substantially met at that time. Content & Entertainment CEG earns fees for the distribution of content in the home entertainment markets via several distribution channels, including digital, VOD, and physical goods (e.g. DVD and Blu-ray Discs). Fees earned are typically based on the gross amounts billed to our customers less the amounts owed to the media studios or content producers under distribution agreements, and gross media sales of owned or licensed content. Depending upon the nature of the agreements with the platform and content providers, the fee rate that we earn varies. Generally, revenues are recognized when content is available for subscription on the digital platform, at the time of shipment for physical goods, or point-of-sale for transactional and VOD services. Reserves for sales returns and other allowances are recorded based upon historical experience. If actual future returns and allowances differ from past experience, adjustments to our allowances may be required. Sales returns and allowances are reported as a reduction of revenues. CEG also has contracts for the theatrical distribution of third party feature movies and alternative content. CEG’s distribution fee revenue and CEG's participation in box office receipts is recognized at the time a feature movie and alternative content are viewed. CEG has the right to receive or bill a portion of the theatrical distribution fee in advance of the exhibition date, and therefore such amount is recorded as a receivable at the time of execution, and all related distribution revenue is deferred until the third party feature movies’ or alternative content’s theatrical release date. Revenue is deferred in cases where a portion or the entire contract amount cannot be recognized as revenue due to non-delivery of services. Such amounts are classified as deferred revenue and are recognized as earned revenue in accordance with our revenue recognition policies described above. DIRECT OPERATING COSTS Direct operating costs primarily consist of operating costs such as cost of goods sold, fulfillment expenses, property taxes and insurance on systems, shipping costs, royalty expenses, participation expenses, marketing and direct personnel costs. STOCK-BASED COMPENSATION Employee and director stock-based compensation expense from continuing operations related to our stock-based awards was as follows: For the Three Months Ended June 30, (In thousands) 2016 2015 Direct operating $ 3 $ 6 Selling, general and administrative 275 666 $ 278 $ 672 The weighted-average grant-date fair value of options granted during the three months ended June 30, 2015 was $9.00 . No stock options were granted in the three months ended June 30, 2016 . During the three months ended June 30, 2015 , there were 25,000 options exercised. There were no options exercised during the three months ended June 30, 2016 . We estimated the fair value of stock options at the date of each grant using a Black-Scholes option valuation model with the following assumptions: For the Three Months Ended June 30, Assumptions for Option Grants 2016 2015 Range of risk-free interest rates 1.2 - 1.3% 1.4 - 1.7% Dividend yield — — Expected life (years) 5 5 Range of expected volatilities 72.5 - 73.4% 70.6 - 70.9% The risk-free interest rate used in the Black-Scholes option pricing model for options granted under our stock option plan awards is the historical yield on U.S. Treasury securities with equivalent remaining lives. We do not currently anticipate paying any cash dividends on common stock in the foreseeable future. Consequently, an expected dividend yield of zero is used in the Black-Scholes option-pricing model. We estimate the expected life of options granted under our stock option plans using both exercise behavior and post-vesting termination behavior, as well as consideration of outstanding options. We estimate expected volatility for options granted under our stock option plans based on a measure of our Class A common stock's historical volatility in the trading market. INCOME TAXES Income taxes are provided for based on the asset and liability method of accounting. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. NET LOSS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS Basic and diluted net loss per common share has been calculated as follows: Basic and diluted net loss per common share attributable to common stockholders = Net loss attributable to common stockholders Weighted average number of common stock outstanding during the period Stock issued and treasury stock repurchased during the period are weighted for the portion of the period that they are outstanding. The shares to be repurchased in connection with the forward stock purchase transaction discussed in Note 7 - Stockholders' Deficit are considered repurchased for the purposes of calculating earnings per share and therefore the calculation of weighted average shares outstanding as of June 30, 2016 excludes 1.2 million shares that will be repurchased as a result of the forward stock purchase transaction. We incurred net losses for the three months ended June 30, 2016 and 2015 , and therefore the impact of potentially dilutive common shares from outstanding stock options and warrants, totaling 2,703,774 shares and 2,939,387 shares as of June 30, 2016 and 2015 , respectively, were excluded from the computation of loss per share as their impact would have been anti-dilutive.

OTHER INTERESTS

OTHER INTERESTS	3 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Other Interests	OTHER INTERESTS Investment in CDF2 Holdings We indirectly own 100% of the common equity of CDF2 Holdings, LLC ("CDF2 Holdings"), which was created for the purpose of capitalizing on the conversion of the exhibition industry from film to digital technology. CDF2 Holdings assists its customers in procuring the equipment necessary to convert their Systems to digital technology by providing financing, equipment, installation and related ongoing services. CDF2 Holdings is a Variable Interest Entity (“VIE”), as defined in Accounting Standards Codification Topic 810 ("ASC 810"), “Consolidation." ASC 810 requires the consolidation of VIEs by an entity that has a controlling financial interest in the VIE which entity is thereby defined as the primary beneficiary of the VIE. To be a primary beneficiary, an entity must have the power to direct the activities of a VIE that most significantly impact the VIE's economic performance, among other factors. Although we indirectly, wholly own CDF2 Holdings, we, a third party that also has a variable interest in CDF2 Holdings, and an independent third party manager must mutually approve all business activities and transactions that significantly impact CDF2 Holdings' economic performance. We have therefore assessed our variable interests in CDF2 Holdings and determined that we are not the primary beneficiary of CDF2 Holdings. As a result, CDF2 Holdings' financial position and results of operations are not consolidated in our financial position and results of operations. In completing our assessment, we identified the activities that we consider most significant to the economic performance of CDF2 Holdings and determined that we do not have the power to direct those activities, and therefore we account for our investment in CDF2 Holdings under the equity method of accounting. As of June 30, 2016 and March 31, 2016 , our maximum exposure to loss, as it relates to the non-consolidated CDF2 Holdings entity, represents accounts receivable for service fees under a master service agreement with CDF2 Holdings. Such accounts receivable were $0.4 million and $0.4 million as of June 30, 2016 and March 31, 2016 , which are included in accounts receivable, net on the accompanying Condensed Consolidated Balance Sheets. During the three months ended June 30, 2016 and 2015 , we received $0.3 million in aggregate revenues through digital cinema servicing fees from CDF2 Holdings, which are included in our revenues on the accompanying Condensed Consolidated Statements of Operations. Total Stockholder's Deficit of CDF2 Holdings at June 30, 2016 and March 31, 2016 was $13.9 million and $11.9 million , respectively. We have no obligation to fund the operating loss or the stockholder's deficit beyond our initial investment of $2.0 million and, accordingly, our investment in CDF2 Holdings as of June 30, 2016 and March 31, 2016 is carried at $0 . Majority Interest in CONtv In June 2014, we and Wizard World, Inc. ("Wizard World") formed CON TV, LLC (“CONtv”) to fund, design, create, launch, and operate a worldwide digital network that creates original content, and sells and distributes on-demand digital content via the Internet and other consumer digital distribution platforms, such as gaming consoles, set-top boxes, handsets, and tablets. In November 2015, we entered into an Amended and Restated Operating Agreement with Wizard World (the noncontrolling interest partner) and other non-voting equity holders. The agreement restructured our business relationship with Wizard World with respect to the ownership and operation of CONtv, and was retroactively effective to July 1, 2015. Pursuant to the terms of the Amended and Restated Operating Agreement, we attained a majority interest in CONtv by increasing our ownership percentage to 85% from 47.5% . In connection with increasing our ownership percentage, we reclassified certain capital contributions made by Wizard World to additional paid-in capital, to the extent that such capital contributions were in excess of its amended ownership percentage. In addition, we retroactively reduced the loss attributable to the noncontrolling interest partner to July 1, 2015 in accordance with the Amended and Restated Operating Agreement. During the three months ended June 30, 2016 , we made total contributions of $38 thousand in CONtv. Wizard World Inc.'s share of stockholders' deficit in CONtv is reflected as noncontrolling interest in our Condensed Consolidated Balance Sheets and was $1.2 million and $1.2 million as of June 30, 2016 and March 31, 2016 , respectively. The noncontrolling interest's share of net loss was $21 thousand and $0.4 million for the three months ended June 30, 2016 and June 30, 2015 , respectively.

RESTRUCTURING, TRANSITION AND A

RESTRUCTURING, TRANSITION AND ACQUISITIONS EXPENSES	3 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
RESTRUCTURING, TRANSITION AND ACQUISITIONS EXPENSES	RESTRUCTURING, TRANSITION AND ACQUISITIONS EXPENSES 2016 Workforce Reduction During the year ended March 31, 2016 , we completed a strategic assessment of resource requirements within our Content & Entertainment and Corporate reporting segments to better align our cost structure with anticipated revenues. During the three months ended June 30, 2016 , we continued our strategic assessment which resulted in additional expense of $0.1 million . The following table presents a roll forward of restructuring, transition and acquisition expenses and related liability balances: (In thousands) Amount accrued as of March 31, 2016 $ 505 Costs incurred 90 Amounts paid 227 Amount accrued as of June 30, 2016 $ 368

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES We calculate income tax expense based upon an annual effective tax rate forecast, including estimates and assumptions that could change during the year. For the three months ended June 30, 2016 , we recorded income tax expense from continuing operations of $0.1 million , which represents state income taxes and U.S. Federal alternative minimum income taxes. No income tax expense was recorded for the three months ended June 30, 2015 . No tax benefit has been recorded in relation to the pre-tax loss from continuing operations for the three months ended June 30, 2016 and June 30, 2015 due to a full valuation allowance to offset any deferred tax asset related to net operating loss carry forwards and other items attributable to the loss. Our effective tax rate for the three months ended June 30, 2016 was 1.5% . Our increase in effective rates for the three months ended June 30, 2016 was mainly due to an increase in taxable income by our Phase I segment. Taxable income also increased due to timing differences related to fixed asset depreciation.

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE Notes payable consisted of the following: June 30, 2016 March 31, 2016 (In thousands) Current Portion Long Term Portion Current Portion Long Term Portion 2013 Term Loans, net of debt discount $ 19,312 $ 3,106 $ 21,188 $ 9,738 Prospect Loan — 65,990 — 66,543 KBC Facilities 7,646 9,086 7,646 10,998 P2 Vendor Note 173 283 161 310 P2 Exhibitor Notes 81 87 79 107 Total non-recourse notes payable 27,212 78,552 29,074 87,696 Less: Unamortized debt issuance costs — (4,095 ) — (4,458 ) Total non-recourse notes payable, net of unamortized debt issuance costs $ 27,212 $ 74,457 $ 29,074 $ 83,238 5.5% Convertible Notes Due 2035 $ — $ 64,000 $ — $ — Cinedigm Term Loans — — — — Cinedigm Revolving Loans — 16,183 — 21,927 2013 Notes — 4,158 — 4,079 Total recourse notes payable — 84,341 — 26,006 Less: Unamortized debt issuance costs — (2,901 ) — (3,068 ) Total recourse notes payable, net of unamortized debt issuance costs $ — $ 81,440 $ — $ 22,938 Total notes payable, net of unamortized debt issuance costs $ 27,212 $ 155,897 $ 29,074 $ 106,176 Non-recourse debt is generally defined as debt whereby the lenders’ sole recourse with respect to defaults, is limited to the value of the asset, which is collateral for the debt. Certain of our subsidiaries are liable with respect to, and their assets serve as collateral for, certain indebtedness for which our assets and the assets of our other subsidiaries that are not parties to the transaction are generally not liable. We have referred to this indebtedness as "non-recourse debt" because the recourse of the lenders is limited to the assets of specific subsidiaries. Such indebtedness includes the Prospect Loan, the KBC Facilities, the 2013 Term Loans, the P2 Vendor Note and the P2 Exhibitor Notes. 2013 Term Loans In February 2013, CDF I, our wholly owned subsidiary, entered into an amended and restated credit agreement (the “2013 Credit Agreement”) with Société Générale and other lenders. Under the terms of the 2013 Credit Agreement, CDF I may borrow an aggregate principal amount of $130.0 million , $5.0 million of which was allowed to be assigned to an affiliate of CDF I. Under the 2013 Credit Agreement, each of the 2013 Term loans bear interest, at the option of CDF I, based on a base rate (generally, the bank prime rate) or the one-month LIBOR rate set at a minimum of 1.00% , plus a margin of 1.75% (in the case of base rate loans) or 2.75% (in the case of LIBOR rate loans). The 2013 Term Loans mature and must be paid in full by February 28, 2018. In addition, CDF I may prepay the 2013 Term Loans, in whole or in part, subject to paying certain breakage costs, if applicable. The one-month LIBOR rate at June 30, 2016 was 0.47% . The 2013 Credit Agreement also requires each of CDF I’s existing and future direct and indirect domestic subsidiaries (the "Guarantors") to guarantee the obligations under the 2013 Credit Agreement with a first priority perfected security interest in all of the collective assets of CDF I and the Guarantors, including real estate owned or leased, and all capital stock or other equity interests in C/AIX, our wholly owned subsidiary and the direct holder of CDF I’s equity. The 2013 Credit Agreement contains customary representations, warranties, affirmative covenants, negative covenants and events of default. Collections of CDF I accounts receivable are deposited into accounts designated to pay certain operating expenses, principal, interest, fees, costs and expenses relating to the 2013 Credit Agreement. Amounts designated for these purposes totaled $5.6 million and $6.1 million as of June 30, 2016 and March 31, 2016 , respectively, and are included in cash and cash equivalents on our Condensed Consolidated Balance Sheets. We also maintain a debt service fund under the 2013 Credit Agreement for future principal and interest payments. As of June 30, 2016 and 2015 , the debt service fund had a balance of $5.8 million , which is classified as part of restricted cash on our Condensed Consolidated Balance Sheets. The balance of the 2013 Term Loans, net of the original issue discount, was as follows: (In thousands) June 30, 2016 March 31, 2016 2013 Term Loans, at issuance, net $ 125,087 $ 125,087 Payments to date (102,544 ) (94,043 ) Discount on 2013 Term Loans (125 ) (118 ) 2013 Term Loans, net 22,418 30,926 Less current portion (19,312 ) (21,188 ) Total long term portion $ 3,106 $ 9,738 Prospect Loan In February 2013, our DC Holdings, AccessDM and Phase 2 DC subsidiaries entered into a term loan agreement (the “Prospect Loan”) with Prospect Capital Corporation (“Prospect”), pursuant to which DC Holdings borrowed $70.0 million . The Prospect Loan bears interest at LIBOR plus 9.0% (with a 2.0% LIBOR floor), which is payable in cash, and at an additional 2.50% to be accrued as an increase to the aggregate principal amount of the Prospect Loan until the 2013 Credit Agreement is paid off, at which time all accrued interest will be payable in cash. Collections of DC Holdings accounts receivable are deposited into accounts designated to pay certain operating expenses, principal, interest, fees, costs and expenses relating to the Prospect Loan. On a quarterly basis, if funds remain after the payment of all such amounts, they are applied to prepay the Prospect Loan. Amounts designated for these purposes, included in cash and cash equivalents on the Condensed Consolidated Balance Sheets, totaled $7.6 million and $8.7 million as of June 30, 2016 and March 31, 2016 , respectively. We also maintain a debt service fund under the Prospect Loan for future principal and interest payments. As of June 30, 2016 and 2015 , the debt service fund had a balance of $1.0 million , which is classified as part of restricted cash on our condensed consolidated balance sheets. The Prospect Loan matures on March 31, 2021 and may be accelerated upon a change in control (as defined in the agreement) or other events of default as set forth therein and would be subject to mandatory acceleration upon insolvency of DC Holdings. We are permitted to pay the full outstanding balance of the Prospect Loan at any time after the second anniversary of the initial borrowing, subject to the following prepayment penalties: • 5.0% of the principal amount prepaid between the second and third anniversaries of issuance; • 4.0% of the principal amount prepaid between the third and fourth anniversaries of issuance; • 3.0% of the principal amount prepaid between the fourth and fifth anniversaries of issuance; • 2.0% of the principal amount prepaid between the fifth and sixth anniversary of issuance; • 1.0% of the principal amount prepaid between the sixth and seventh anniversaries of issuance; and • No penalty if the balance of the Prospect Loan, including accrued interest, is prepaid thereafter. The Prospect Loan is primarily secured by a first priority pledge of the stock of CDF2 Holdings, our wholly owned unconsolidated subsidiary, the stock of AccessDM, which is owned by DC Holdings, and the stock of our Phase 2 DC subsidiary. The Prospect Loan is also guaranteed by our AccessDM and Phase 2 DC subsidiaries. We provide limited financial support to the Prospect Loan not to exceed $1.5 million per year in the event financial performance does not meet certain defined benchmarks. The Prospect Loan contains customary representations, warranties, affirmative covenants, negative covenants and events of default. The following table summarizes the activity related to the Prospect Loan: (In thousands) June 30, 2016 March 31, 2016 Prospect Loan, at issuance $ 70,000 $ 70,000 PIK Interest 4,778 4,778 Payments to date (8,788 ) (8,235 ) Prospect Loan, net 65,990 66,543 Less current portion — — Total long term portion $ 65,990 $ 66,543 KBC Facilities In December 2008 we began entering into multiple credit facilities to fund the purchase of Systems to be installed in movie theatres as part of our Phase II Deployment. There were no borrowings under the KBC Facilities during the three months ended June 30, 2016 . The following table presents a summary of the KBC Facilities (dollar amounts in thousands): Outstanding Principal Balance Facility 1 Credit Facility Interest Rate 2 Maturity Date June 30, 2016 March 31, 2016 1 $ 22,336 3.75 % September 2018 $ 6,382 $ 7,180 2 13,312 3.75 % March 2018 3,559 4,034 3 11,425 3.75 % March 2019 4,488 4,896 4 6,450 3.75 % September 2018 2,303 2,534 $ 53,523 $ 16,732 $ 18,644 1. For each facility, principal is to be repaid in twenty-eight quarterly installments. 2. Each of the facilities bears interest at the three-month LIBOR rate, which was 0.65% at June 30, 2016 , plus the interest rate noted above. 5.5% Convertible Notes Due April 2035 On April 29, 2015, we issued $64.0 million aggregate principal amount of unsecured senior convertible notes payable (the "Convertible Notes") that bear interest at a rate of 5.5% per year, payable semiannually. The Convertible Notes will mature on April 15, 2035, unless repurchased earlier, redeemed or converted and will be convertible at the option of the holders at any time until the close of business on the business day immediately preceding the maturity date. Upon conversion, we will deliver to holders in respect of each $1,000 principal amount of Convertible Notes being converted a number of shares of our Class A common stock equal to the conversion rate, together with a cash payment in lieu of delivering any fractional share of Class A common stock. The conversion rate applicable to the Convertible Notes on the offering date was 82.4572 shares of Class A common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $12.10 per share of Class A common stock), which is subject to adjustment if certain events occur. Holders of the Convertible Notes may require us to repurchase all or a portion of the Convertible Notes on April 20, 2020, April 20, 2025 and April 20, 2030 and upon the occurrence of certain fundamental changes at a repurchase price in cash equal to 100% of the principal amount of the Convertible Notes to be repurchased plus accrued and unpaid interest, if any. The Convertible Notes will be redeemable by us at our option on or after April 20, 2018 upon the satisfaction of a sale price condition with respect to our Class A common stock and on or after April 20, 2020 without regard to the sale price condition, in each case, at a redemption price in cash equal to 100% of the principal amount of the notes to be repurchased plus accrued and unpaid interest, if any. The net proceeds from the Convertible Note offering was $60.9 million , after deducting offering expenses. We used $18.6 million of the net proceeds from the offering to repay borrowings under and terminate one of our term loans under our 2013 Credit Agreement, of which $18.2 million was used to pay the remaining principal balance. Concurrently with the closing of the Convertible Notes transaction, we repurchased 272,100 shares of our Class A common stock from certain purchasers of Convertible Notes in privately negotiated transactions for $2.7 million . In addition, $11.4 million of the net proceeds was used to fund the cost of repurchasing 1.2 million shares of our Class A common stock pursuant to the forward stock purchase agreement described in Note 7 - Stockholders' Deficit . Interest expense recorded in connection with the Convertible Notes was $0.9 million and $0.6 million for the three months ended June 30, 2016 and 2015 , respectively. Cinedigm Credit Agreement On October 17, 2013, we entered into a credit agreement (the “Cinedigm Credit Agreement”) with Société Générale. Under the Cinedigm Credit Agreement, as amended in February 2015 and April 2015, we were permitted to borrow an aggregate principal amount of up to $55.0 million , including term loans of $25.0 million (the “Cinedigm Term Loans”) and revolving loans of up to $30.0 million (the “Cinedigm Revolving Loans”). Interest under the Cinedigm Term Loans was charged at a base rate plus 5.0% , or the Eurodollar rate plus 6.0% until the Cinedigm Term Loan was repaid on April 29, 2015 in connection with the Convertible Notes offering. The Cinedigm Revolving Loans bear interest at a base rate of 6.25% or the Eurodollar rate of 1.0% plus 4.0% . The Base rate, per annum, is equal to the highest of (a) the rate quoted by the Wall Street Journal as the “base rate on corporate loans by at least 75% of the nation’s largest banks,” (b) 0.50% plus the federal funds rate, and (c) the Eurodollar rate plus 4.0% . We repaid the entire outstanding balance of the Cinedigm Term Loans and amended the terms of the Cinedigm Revolving Loans in connection with our issuance of the Convertible Notes. In connection with the repayment of the Cinedigm Term Loans, we wrote-off certain unamortized debt issuance costs and the discount that remained on the balance of the note payable. As a result, we recorded $0.9 million as a loss on extinguishment of debt for the three months ended June 30, 2015 . The April 2015 amendment to the Cinedigm Revolving Loans extended the term of the agreement to March 31, 2018, provided for the release of the equity interests in the subsidiaries that we had previously pledged as collateral, changed the interest rate and replaced all financial covenants with a single debt service coverage ratio test commencing at June 30, 2016 and a $5.0 million minimum liquidity covenant. The Cinedigm Revolving Loans, as amended, bear interest at Base Rate (as defined in the amendment) plus 3% or LIBOR plus 4% , at our election, but in no event may the elected Base Rate or LIBOR rate be less than 1% . We are permitted to repay the Cinedigm Revolving Loans, at our option, in whole or in part. In accordance with the April 2015 amendment to the Cinedigm Revolving Loans, we maintain a debt service reserve account for the aggregate amount of scheduled interest and principal payments due on the Cinedigm Revolving Loans and Convertible notes over the next six months. As a result, the condensed consolidated balance sheet as of June 30, 2016 and March 31, 2016 reflects an additional $2.2 million of restricted cash related to the debt service reserve account. In May 2016, we entered into an agreement with Société Générale (as Administrative Agent), which amended certain terms of the Cinedigm Credit Agreement (the “May 2016 Amendment”) primarily to increase the Company’s cash available for operations through September 30, 2016 by approximately $6.2 million , and by approximately $2.0 million thereafter. The May 2016 Amendment also reduced the maximum principal amount available under the Cinedigm Credit Agreement from $30.0 million to $22.0 million , reflecting current utilization. As of June 30, 2016 , we borrowed $16.2 million of which availability under the Cindedigm Revolving Loans was none . 2013 Notes In October 2013, we entered into securities purchase agreements with certain investors, pursuant to which we sold notes in the aggregate principal amount of $5.0 million (the “2013 Notes”) and warrants to purchase an aggregate of 150,000 shares of Class A Common Stock (the “2013 Warrants”) to such investors. The proceeds of the sales of the 2013 Notes and 2013 Warrants were primarily used for working capital and general corporate purposes, including financing an acquisition. We allocated a proportional value of $1.6 million to the 2013 Warrants using a Black-Scholes option valuation model with the following assumptions: Risk free interest rate 1.38 % Dividend yield — Expected life (years) 5 Expected volatility 76.25 % We have treated the proportional value of the 2013 Warrants as debt discount. The debt discount is being amortized through the maturity of the 2013 Notes as interest expense. The principal amount outstanding under the 2013 Notes is due on October 21, 2018. The 2013 Notes bear interest at 9.0% per annum, payable in quarterly installments over the term of the 2013 Notes. The 2013 Notes may be redeemed at any time on or after October 21, 2015, subject to certain premiums. At June 30, 2016 , we were in compliance with all of our debt covenants. We recorded debt issuance costs of $0.9 million during the three months ended June 30, 2016 related to the financings closed in July 2016 (See Note 11).

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jun. 30, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ DEFICIT COMMON STOCK During the three months ended June 30, 2016 , we issued 198,162 shares of Class A common stock as payment for a CEO retention bonus, third-party advisory services and payment of preferred stock dividends. PREFERRED STOCK Cumulative dividends in arrears on preferred stock at June 30, 2016 were $0.1 million . In July 2016, we paid the preferred stock dividends in arrears in the form of 71,232 shares of Class A Common Stock. TREASURY STOCK In connection with the offering of Convertible Notes, on April 29, 2015, we repurchased 272,100 shares of our Class A common stock from certain purchasers of Convertible Notes in privately negotiated transactions for $2.7 million , which is reflected as treasury stock in our Condensed Consolidated Balance Sheet as of June 30, 2016 . In addition, we entered into a privately negotiated forward stock purchase transaction with a financial institution, which is one of the lenders under our credit agreement (the "Forward Counterparty"), pursuant to which we paid $11.4 million to purchase 1.2 million shares of our Class A common stock for settlement that may be settled at any time prior to the fifth year anniversary of the issuance date of the notes. The payment for the forward contract has been reflected as a reduction of Additional Paid-in Capital on our Condensed Consolidated Balance Sheet until such time that the forward contract is settled and the shares are legally delivered to and owned by us. Upon settlement of the forward contract and delivery of the stock, we will reclassify such amount to treasury stock. CINEDIGM’S EQUITY INCENTIVE PLAN Stock Options Awards issued under our equity incentive plan (the "Plan") may be in any of the following forms (or a combination thereof) (i) stock option awards; (ii) stock appreciation rights; (iii) stock or restricted stock or restricted stock units; or (iv) performance awards. The Plan provides for the granting of incentive stock options (“ISOs”) with exercise prices not less than the fair market value of our Class A Common Stock on the date of grant. ISOs granted to shareholders having more than 10% of the total combined voting power of the Company must have exercise prices of at least 110% of the fair market value of our Class A Common Stock on the date of grant. ISOs and non-statutory stock options granted under the Plan are subject to vesting provisions, and exercise is subject to the continuous service of the participant. The exercise prices and vesting periods (if any) for non-statutory options are set at the discretion of our compensation committee. Upon a change of control of the Company, all stock options (incentive and non-statutory) that have not previously vested will vest immediately and become fully exercisable. In connection with the grants of stock options under the Plan, we and the participants have executed stock option agreements setting forth the terms of the grants. The Plan provides for the issuance of up to 1,430,000 shares of Class A Common Stock to employees, outside directors and consultants. The following table summarizes the activity of the Plan related to shares issuable pursuant to outstanding options: Shares Under Option Weighted Average Exercise Price Per Share Balance at March 31, 2016 362,272 $ 16.50 Granted — — Exercised — — Canceled/forfeited (7,092 ) 17.44 Balance at June 30, 2016 355,180 $ 16.48 The weighted average remaining contractual life for stock options outstanding as of June 30, 2016 was 6.78 years. OPTIONS GRANTED OUTSIDE CINEDIGM’S EQUITY INCENTIVE PLAN In October 2013, we issued options outside of the Plan to 10 individuals that became employees as a result of a business combination. The employees received options to purchase an aggregate of 62,000 shares of our Class A Common Stock at an exercise price of $17.5 per share. The options vest and become exercisable in 25% increments over four years from their grant dates and expire 10 years from the date of grant, if unexercised. As of June 30, 2016 , there were 23,250 unvested options outstanding. In December 2010, we issued options to purchase 450,000 shares of Class A Common Stock outside of the Plan as part of our Chief Executive Officer's initial employment agreement with the Company. Such options have exercise prices per share between $15.00 and $50.00 , all of which were vested as of December 2013 and will expire in December 2020. As of June 30, 2016 , all such options remained outstanding. WARRANTS The following table presents information about outstanding warrants to purchase shares of our Class A common stock as of June 30, 2016 . All of the outstanding warrants are fully vested and exercisable. Recipient Amount outstanding Expiration Exercise price per share Sageview Capital, L.P 1,673,282 August 2016 $13.10 Strategic management service provider 52,500 July 2021 $17.20 - $30.00 Warrants issued to creditors in connection with the 2013 Notes (the "2013 Warrants") 125,063 October 2018 $18.50 Outstanding warrants held by Sageview Capital, L.P. ("Sageview") contain customary provisions for cashless exercises and anti-dilution adjustments. In addition, the warrants' expiration date may be extended in limited circumstances. On April 29, 2015, the number of shares underlying the warrants issued to Sageview and their related exercise price were adjusted from 1,600,000 and $13.70 to 1,673,282 and $13.10 , respectively, to give effect to an anti-dilution adjustment that resulted from the issuance of the Convertible Notes. Outstanding warrants held by the strategic management service provider were issued in connection with a consulting management services agreement ("MSA"). The warrants may be terminated with 90 days' notice in the event of termination of the MSA. The 2013 Warrants and related 2013 Notes are subject to certain transfer restrictions.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES LEASES We have capital lease obligations covering a facility and computer equipment. In May 2011, we completed the sale of certain assets and liabilities of the Pavilion Theatre and ceased to operate it at that time. We have remained the primary obligor on the Pavilion capital lease and therefore, the capital lease obligation and the related assets under the capital lease continue to be reflected on our Consolidated Balance Sheets as of June 30, 2016 and March 31, 2016 . We have entered into a sub-lease agreement with an unrelated third party purchaser who makes all payments related to the lease and therefore, we have no continuing involvement in the operation of the Pavilion Theatre. We also operate from leased properties under non-cancelable operating lease agreements, certain of which contain escalating lease clauses.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURE	SUPPLEMENTAL CASH FLOW INFORMATION June 30, 2016 (in thousands) 2016 2015 Cash interest paid $ 5,060 $ 6,794 Accrued dividends on preferred stock 89 89 Issuance of common stock for payment of preferred stock dividends 89 89

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We operate in four reportable segments: Phase I Deployment, Phase II Deployment, Services and Content & Entertainment or CEG. Our segments were determined based on the economic characteristics of our products and services, our internal organizational structure, the manner in which our operations are managed and the criteria used by our Chief Operating Decision Maker to evaluate performance, which is generally the segment’s income (loss) from continuing operations before interest, taxes, depreciation and amortization. Certain C orporate assets, liabilities and operating expenses are not allocated to our reportable segments. Operations of: Products and services provided: Phase I Deployment Financing vehicles and administrators for 3,724 Systems installed nationwide in Phase 1 DC's deployment to theatrical exhibitors. We retain ownership of the Systems and the residual cash flows related to the Systems after the repayment of all non-recourse debt at the expiration of exhibitor, master license agreements. As of June 30, 2016, we are no longer earning VPF revenues from certain major studios on 189 of such systems. Phase II Deployment Financing vehicles and administrators for our 8,904 Systems installed domestically and internationally, for which we retain no ownership of the residual cash flows and digital cinema equipment after the completion of cost recoupment and at the expiration of the exhibitor master license agreements. Services Provides monitoring, collection, verification and other management services to our Phase I Deployment, Phase II Deployment, CDF2 Holdings, as well as to exhibitors who purchase their own equipment. Services also collects and disburses VPFs from motion picture studios, distributors and ACFs from alternative content providers, movie exhibitors and theatrical exhibitors. Content & Entertainment Leading distributor of independent content, and collaborates with producers and other content owners to market, source, curate and distribute independent content to targeted and profitable audiences in theatres and homes, and via mobile and emerging platforms. The following tables present certain financial information related to our reportable segments and Corporate: As of June 30, 2016 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 195 $ — $ 41,298 $ 84,567 $ — $ — Phase II Deployment — — 53,083 17,102 — — Services — — 1,119 — — — Content & Entertainment 24,271 8,701 86,378 — — 25 Corporate 12 — 9,762 — 81,440 4,119 Total $ 24,478 $ 8,701 $ 191,640 $ 101,669 $ 81,440 $ 4,144 March 31, 2016 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 206 $ — $ 48,292 $ 93,372 $ — $ — Phase II Deployment — — 53,727 18,940 — — Services — — 1,064 — — — Content & Entertainment 25,721 8,701 87,344 — — 30 Corporate 13 — 18,971 — 86,938 4,195 Total $ 25,940 $ 8,701 $ 209,398 $ 112,312 $ 86,938 $ 4,225 Statements of Operations For the Three Months Ended June 30, 2016 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 9,164 $ 3,180 $ 3,295 $ 6,836 $ — $ 22,475 Direct operating (exclusive of depreciation and amortization shown below) 223 53 1 5,414 — 5,691 Selling, general and administrative 133 59 231 4,101 1,908 6,432 Allocation of Corporate overhead — — 397 896 (1,293 ) — Restructuring, transition and acquisition expenses, net — — — 90 — 90 Depreciation and amortization of property and equipment 6,391 1,881 — 68 184 8,524 Amortization of intangible assets 11 — — 1,450 2 1,463 Total operating expenses 6,758 1,993 629 12,019 801 22,200 Income (loss) from operations $ 2,406 $ 1,187 $ 2,666 $ (5,183 ) $ (801 ) $ 275 The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ 1 $ 2 $ — $ 3 Selling, general and administrative — — — 46 229 275 Total stock-based compensation $ — $ — $ 1 $ 48 $ 229 $ 278 Statements of Operations For the Three Months Ended June 30, 2015 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 8,142 $ 2,895 $ 2,693 $ 9,098 $ — $ 22,828 Direct operating (exclusive of depreciation and amortization shown below) 225 91 4 6,972 — 7,292 Selling, general and administrative 253 41 210 5,228 3,884 9,616 Allocation of Corporate overhead — — 402 1,347 (1,749 ) — Provision for doubtful accounts 241 98 — — — 339 Restructuring, transition and acquisition expenses, net — — — — 133 133 Depreciation and amortization of property and equipment 7,153 1,881 — 40 283 9,357 Amortization of intangible assets 8 — — 1,450 1 1,459 Total operating expenses 7,880 2,111 616 15,037 2,552 28,196 Income (loss) from operations $ 262 $ 784 $ 2,077 $ (5,939 ) $ (2,552 ) $ (5,368 ) The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ 4 $ 2 $ — $ 6 Selling, general and administrative — — — 68 598 666 Total stock-based compensation $ — $ — $ 4 $ 70 $ 598 $ 672

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2016
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS On July 14, 2016, Cinedigm entered into certain financing transactions including: (i) the issuance of $2.0 million principal amount of loans, due 2019, secured on a second lien basis (the “Loans”), and shares of the Company’s Class A common stock, par value $0.001 per share (the “Common Stock”), and (ii) an amendment to the Cinedigm Credit Agreement that, among other things, lowered the minimum liquidity requirement to $800,000 and permit the Loans, and (iii) an amendment to the Settlement Agreement dated as of July 30, 2015 among the Company and certain stockholders party thereto (collectively, the “Transactions”) to amend board representation rights of the parties. The Transactions, described more fully below, were consummated on July 14, 2016. On July 14, 2016, the Company entered into a Second Lien Loan Agreement (the “Loan Agreement”) with certain lenders (the “Lenders”) for Loans in the aggregate principal amount of $2.0 million . The maturity date of the Loans is June 30, 2019. The Loans bear interest at 12.75% , payable 7.5% in cash and 5.25% in cash or in kind at the Company’s option, and the Lender received an aggregate of 196,000 shares (the “Lender Shares”) of Common Stock. In addition, the lead Lender received a fee of 210,000 shares of Common Stock (the “Loan Fee Shares” and together with the Lender Shares, the “Loan Shares”) and warrants to purchase 200,000 shares of Class A common stock (the “Warrants”). Under the Loan Agreement, subsequent Lenders may make additional Loans, up to an aggregate of $9.0 million principal amount of all Loans. The Company also received from the lead lender a backstop commitment for an additional $2.0 million of loans and a commitment from Christopher McGurk, our Chief Executive Officer, to invest in $500,000 of Loans, in both cases within the following 60 days. The Loans may be prepaid without premium or penalty and contain customary covenants, representations and warranties. The Loan Agreement was amended on August 4, 2016 to facilitate one or more subsequent closings of additional Loans. The obligations under the Loans are guaranteed by certain of the Company’s existing and future subsidiaries, including ADM Cinedigm Corp., Vistachiara Productions Inc., Vistachiara Entertainment, Inc., Cinedigm Entertainment Corp., Cinedigm Entertainment Holdings, LLC, Cinedigm Home Entertainment, LLC, Docurama, LLC, Dove Family Channel, LLC, Cinedigm OTT Holdings, LLC and Cinedigm Productions, LLC (collectively, the "Guarantors"), and the Company and each Guarantor pledged substantially all of their assets (other than, on the part of the Company, its assets related to its digital cinema deployment business) to secure payment on the Loans. Accordingly, the Company and each of the Guarantors entered into a guaranty agreement (the “Second Lien Guaranty Agreement”) and a security agreement (the “Second Lien Security Agreement”) pursuant to which each Guarantor guaranteed the obligations of the Company under the Loans and the Company and each Guarantor pledged the assets described above to secure such obligations. The proceeds of the Loans will be used for the payment of fees and expenses incurred in connection with the Loans and the other Transactions, and for working capital and general corporate purposes. The Company also agreed to enter into a rights agreement with the lenders pursuant to which the Company will register the resale of the Loan Shares. In connection with the Loans and pursuant to the Settlement Agreement Amendment (defined below), the lead Lender, Ronald L. Chez, is entitled to be appointed to the Company’s board of directors and to be nominated and recommended for election to the Board of Directors for the period of time until Mr. Chez’s beneficial ownership of Cinedigm securities drops below 5% . On July 14, 2016, the Company and the lenders under the Credit Agreement entered into an amendment to the Credit Agreement (“Amendment No. 4”), which, among other things, lowered the minimum liquidity requirement to $800,000 and permit the consummation of the other Transactions. In addition, certain of the Guarantors entered into a Guaranty Supplement dated as of July 14, 2016 among them and the Administrative Agent (the “Guaranty Supplement”), a Second Amended and Restated Security Agreement dated as of July 14, 2016 among the Company, the Guarantors and the Collateral Agent (the “Amended and Restated Security Agreement”), and a Pledge Agreement dated as of July 14, 2016 among the Company, the Guarantors and the Collateral Agent (the “Pledge Agreement”), pursuant to which documents certain of the Guarantors guaranteed the Company’s obligations under the Credit Agreement and the Guarantors pledged the assets described above to secure such obligations. In addition Amendment No. 4 changed, (i) Eurodollar rate loans to Base plus 4.5% and base plus 3.5% for Base rate loans and (ii) the debt service reserve account of $2.3 million was eliminated and required to use to reduce the outstanding balance and the maximum principal amount available from $22.0 million to $19.8 million . On July 14, 2016, the Company entered into an amendment (the “Settlement Agreement Amendment”) to the Settlement Agreement (the “Settlement Agreement”) dated as of July 30, 2015 among the Company and Ronald L. Chez, the Chez Family Foundation, Sabra Investments, LP, Sabra Capital Partners, LLC, and Zvi Rhine (the “Group”) pursuant to which (i) the Company issued 155,000 shares of Common Stock to Mr. Chez as a fee for his service as Strategic Advisor in excess of what was contemplated by the Settlement Agreement, (ii) Mr. Chez’s role as Strategic Advisor to the Company was terminated, (iii) Mr. Chez was appointed to the Board of Directors and will be nominated and recommended for election to the Board of Directors for the period of time until Mr. Chez’s beneficial ownership of Cinedigm securities drops below 5% , and (iv) the rights of the Group to nominate designees for election to the Board of Directors were terminated. The warrants issued to Ronald L. Chez in connection with the second lien Loans consist of warrants to purchase 200,000 shares of Class A common stock. The warrants have an exercise price of 1.34 as to 100,000 of such shares, and 1.68 as to 100,000 of such shares, and a cashless exercise provision. The warrants are immediately exercisable and have a term of seven ( 7 ) years. The warrants contain customary anti-dilution rights. On July 14, 2016, the number of shares underlying the warrants issued to Sageview and their related exercise price were adjusted to 1,762,058 and $12.44 , respectively, to give effect to an anti-dilutive adjustment from the issuance of shares and warrants in connection with the Loan Agreement.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND CONSOLIDATION	BASIS OF PRESENTATION AND CONSOLIDATION The accompanying Condensed Consolidated Financial Statements are unaudited and include the accounts of the Company, its wholly owned and majority owned subsidiaries, and reflect all normal and recurring adjustments necessary for the fair presentation of its consolidated financial position, results of operations and cash flows. All material inter-company accounts and transactions have been eliminated in consolidation. Investments in which we do not have a controlling interest or are not the primary beneficiary but have the ability to exert significant influence, are accounted for under the equity method of accounting. Noncontrolling interests for which we have been determined to be the primary beneficiary are consolidated and recorded as net income (loss) attributable to noncontrolling interest. See Note 4 - Other Interests to the Condensed Consolidated Financial Statements for a discussion of our noncontrolling and majority interests.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires us to make estimates and assumptions that affect the amounts reported in these Condensed Consolidated Financial Statements and accompanying notes. As permitted under GAAP, interim accounting for certain expenses, such as the adequacy of accounts receivable reserves, return reserves, inventory reserves, recovery of advances, minimum guarantees, assessment of goodwill and intangible asset impairment and valuation reserve for income taxes, are based on full year assumptions when appropriate. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"), although we believe that the disclosures are adequate to make the information presented not misleading. The results of operations for the respective interim periods are not necessarily indicative of the results expected for the full year. These Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with our annual consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2016 .
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS We consider all highly liquid investments with an original maturity of three months or less to be "cash equivalents." We maintain bank accounts with major banks, which from time to time may exceed the Federal Deposit Insurance Corporation’s insured limits. We periodically assess the financial condition of the institutions and believe that the risk of any loss is minimal.
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE We maintain reserves for potential credit losses on accounts receivable. We review the composition of accounts receivable and analyze historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Reserves are recorded primarily on a specific identification basis. Our Content & Entertainment segment recognizes accounts receivable, net of an estimated allowance for product returns and customer chargebacks, at the time that it recognizes revenue from a sale. We base the amount of the returns allowance and customer chargebacks upon historical experience and future expectations. We record accounts receivable, long-term in connection with activation fees that we earn from Systems deployments that have extended payment terms. Such accounts receivable are discounted to their present value at prevailing market rates.
ADVANCES	ADVANCES Advances, which are recorded within prepaid and other current assets within the consolidated balance sheets, represent amounts prepaid to studios or content producers for which we provide content distribution services. We evaluate advances regularly for recoverability and record charges for amounts that we expect may not be recoverable as of the consolidated balance sheet date.
INVENTORY	INVENTORY Inventory consists of finished goods inventory of Company owned DVD and Blu-ray Disc titles and is stated at the lower of cost (determined based on weighted average cost) or market. We identify inventory items to be written down for obsolescence based on their sales status and condition. We write down discontinued or slow moving inventories based on an estimate of the markdown to retail price needed to sell through our current stock level of the inventories.
RESTRICTED CASH	RESTRICTED CASH Our 2013 Term Loans and Prospect Loan require that we maintain specified cash balances that are restricted to repayment of interest thereunder. In addition, during the year ended March 31, 2016, certain terms of the Cinedigm Credit Agreement were amended which require us to maintain a specified cash balance restricted to the repayment of interest on the Convertible Notes (see Note 6 - Notes Payable ).
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows: Computer equipment and software 3 - 5 years Digital cinema projection systems 10 years Machinery and equipment 3 - 10 years Furniture and fixtures 3 - 6 years Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the leasehold improvements. Repair and maintenance costs are charged to expense as incurred. Major renewals, improvements and additions are capitalized. Upon the sale or other disposition of any property and equipment, the cost and related accumulated depreciation and amortization are removed from the accounts and the gain or loss on disposal is included in the condensed consolidated statements of operations.
ACCOUNTING FOR DERIVATIVE ACTIVITIES	ACCOUNTING FOR DERIVATIVE ACTIVITIES Derivative financial instruments are recorded at fair value. Changes in the fair value of derivative financial instruments are either recognized in accumulated other comprehensive loss (a component of stockholders' deficit) or in the consolidated statements of operations depending on whether the derivative qualifies for hedge accounting. We entered into an interest rate cap transaction during the fiscal year ended March 31, 2013 to limit our exposure to interest rates related to our 2013 Term Loans and Prospect Loan. The interest rate cap on the 2013 Term Loans matured in March 2016 and the interest rate cap on the Prospect Loan matures March of 2018. We have not sought hedge accounting treatment for these instruments and therefore, changes in the value of our Interest Rate Swaps and caps were recorded in the condensed consolidated statements of operations.
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The fair value measurement disclosures are grouped into three levels based on valuation factors: • Level 1 – quoted prices in active markets for identical investments • Level 2 – other significant observable inputs (including quoted prices for similar investments and market corroborated inputs) • Level 3 – significant unobservable inputs (including our own assumptions in determining the fair value of investments) Assets and liabilities measured at fair value on a recurring basis use the market approach, where prices and other relevant information are generated by market transactions involving identical or comparable assets or liabilities. The following tables summarize the levels of fair value measurements of our financial assets and liabilities: As of June 30, 2016 (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 8,983 $ — $ — $ 8,983 Interest rate derivatives — 3 — 3 $ 8,983 $ 3 $ — $ 8,986 March 31, 2016 (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 8,983 $ — $ — $ 8,983 Interest rate derivatives — 12 — 12 $ 8,983 $ 12 $ — $ 8,995 Our cash and cash equivalents, accounts receivable, unbilled revenue and accounts payable and accrued expenses are financial instruments and are recorded at cost in the Condensed Consolidated Balance Sheets. The estimated fair values of these financial instruments approximate their carrying amounts because of their short-term nature. The carrying amount of notes receivable approximates fair value based on the discounted cash flows of such instruments using current assumptions at the balance sheet date. At June 30, 2016 and March 31, 2016 , the estimated fair value of our fixed rate debt approximated its carrying amounts. We estimated the fair value of debt based upon current interest rates available to us at the respective balance sheet dates for arrangements with similar terms and conditions. Based on borrowing rates currently available to us for loans with similar terms, the carrying value of notes payable and capital lease obligations approximates fair value.
IMPAIRMENT OF LONG-LIVED AND FINITE-LIVED ASSETS	IMPAIRMENT OF LONG-LIVED AND FINITE-LIVED ASSETS We review the recoverability of our long-lived assets and finite-lived intangible assets, when events or conditions occur that indicate a possible impairment exists. The assessment for recoverability is based primarily on our ability to recover the carrying value of our long-lived and finite-lived assets from expected future undiscounted net cash flows. If the total of expected future undiscounted net cash flows is less than the total carrying value of the asset, the asset is deemed not to be recoverable and possibly impaired. We then estimate the fair value of the asset to determine whether an impairment loss should be recognized. An impairment loss will be recognized if the asset's fair value is determined to be less than its carrying value. Fair value is determined by computing the expected future discounted cash flows.
GOODWILL AND INDEFINITE-LIVED INTANGIBLE ASSETS	GOODWILL Goodwill is the excess of the purchase price paid over the fair value of the net assets of an acquired business. Goodwill is tested for impairment on an annual basis at the end of the fourth quarter of each fiscal year, or more often if warranted by events or changes in circumstances indicating that the carrying value of a reporting unit may exceed fair value, also known as impairment indicators. Our process of evaluating goodwill for impairment involves the determination of fair value of goodwill compared to its carrying value. Our only reporting unit with goodwill is our Content & Entertainment reporting unit. Inherent in the fair value determination for each reporting unit are certain judgments and estimates relating to future cash flows, including management’s interpretation of current economic indicators and market conditions, and assumptions about our strategic plans with regard to its operations. To the extent additional information arises, market conditions change or our strategies change, it is possible that the conclusion regarding whether our remaining goodwill is impaired could change and result in future goodwill impairment charges that will have a material effect on our consolidated financial position or results of operations.
PARTICIPATIONS AND ROYALTIES PAYABLE	PARTICIPATIONS AND ROYALTIES PAYABLE When we use third parties to distribute company owned content, we record participations payable, which represent amounts owed to the distributor under revenue-sharing arrangements. When we provide content distribution services, we record accounts payable and accrued expenses to studios or content producers for royalties owed under licensing arrangements. We identify and record as a reduction to the liability any expenses that are to be reimbursed to us by such studios or content producers.
DEBT ISSUANCE COSTS	DEBT ISSUANCE COSTS We incur debt issuance costs in connection with long-term debt financings. Such costs are recorded as a direct deduction to notes payable and amortized over the terms of the respective debt obligations using the effective interest rate method. Debt issuance costs recorded in connection with revolving debt arrangements are presented in other assets on the Consolidated Balance Sheets and are amortized over the term of the revolving debt agreements using the effective interest rate method.
REVENUE RECOGNITION	REVENUE RECOGNITION Phase I Deployment and Phase II Deployment Virtual print fees (“VPFs”) are earned, net of administrative fees, pursuant to contracts with movie studios and distributors, whereby amounts are payable by a studio to Phase 1 DC, CDF I and to Phase 2 DC when movies distributed by the studio are displayed on screens utilizing our Systems installed in movie theatres. VPFs are earned and payable to Phase 1 DC and CDF I based on a defined fee schedule with a reduced VPF rate year over year until the sixth year (calendar year 2011) at which point the VPF rate remains unchanged through the tenth year until the VPFs phase out. One VPF is payable for every digital title displayed per System. The amount of VPF revenue is dependent on the number of movie titles released and displayed using the Systems in any given accounting period. VPF revenue is recognized in the period in which the digital title first plays on a System for general audience viewing in a digitally equipped movie theatre, as Phase 1 DC’s, CDF I's and Phase 2 DC’s performance obligations have been substantially met at that time. Beginning in December 2015, certain Phase 1 DC Systems began to reach the conclusion of their deployment payment period with certain distributors and, therefore, VPF revenues ceased to be recognized on such Systems. Furthermore, because the Phase I deployment installation period ended in November 2007, a majority of the VPF revenue associated with the Phase I systems will end by November 2017. While the absence of such revenue was not material to our consolidated financial statements during the quarter ended June 30, 2016 , it is expected to have a material impact in subsequent periods. As of June 30, 2016 , 189 of the systems in our Phase I deployment had ceased to earn VPF revenue from certain major studios. By December 2016, we expect that more than 50% of our Phase I deployment systems will cease to earn VPF revenue from certain major studios and by December 2017, we expect that nearly all of our Phase I deployment systems will no longer earn VPF revenue from certain major studios. We expect to continue to earn ancillary revenue streams from the Phase I deployment Systems through December of 2020; however, such amounts are expected to be significantly less material to our consolidated financial statements. The expected reduction in VPF revenue on our Phase I systems is scheduled to approximately coincide with the conclusion of certain of our non-recourse debt obligations and, therefore, we expect that reduced cash outflows related to such non-recourse debt obligations will partially offset reduced VPF revenue after November 2017. Phase 2 DC’s agreements with distributors require the payment of VPFs, according to a defined fee schedule, for ten years from the date each system is installed; however, Phase 2 DC may no longer collect VPFs once “cost recoupment,” as defined in the contracts with movie studios and distributors, is achieved. Cost recoupment will occur once the cumulative VPFs and other cash receipts collected by Phase 2 DC have equaled the total of all cash outflows, including the purchase price of all Systems, all financing costs, all “overhead and ongoing costs”, as defined, and including service fees, subject to maximum agreed upon amounts during the three-year rollout period and thereafter. Further, if cost recoupment occurs before the end of the eighth contract year, the studios will pay us a one-time “cost recoupment bonus.” Any other cash flows, net of expenses, received by Phase 2 DC following the achievement of cost recoupment are required to be returned to the distributors on a pro-rata basis. At this time, we cannot estimate the timing or probability of the achievement of cost recoupment. Beginning in December 2018, certain Phase 2 DC Systems will have reached the conclusion of their deployment payment period, subject to earlier achievement of cost recoupment. In accordance with existing agreements with distributors, VPF revenues will cease to be recognized on such Systems. Because the Phase II deployment installation period ended in December 2012, a majority of the VPF revenue associated with the Phase II systems will end by December 2022 or earlier if cost recoupment is achieved. Alternative content fees (“ACFs”) are earned pursuant to contracts with movie exhibitors, whereby amounts are payable to Phase 1 DC, CDF I and to Phase 2 DC, generally either a fixed amount or as a percentage of the applicable box office revenue derived from the exhibitor’s showing of content other than feature movies, such as concerts and sporting events (typically referred to as “alternative content”). ACF revenue is recognized in the period in which the alternative content first opens for audience viewing. Revenues earned in connection with up front exhibitor contributions are deferred and recognized over the expected cost recoupment period. Services Exhibitors who purchased and own Systems using their own financing in the Phase II Deployment paid us an upfront activation fee of approximately $2.0 thousand per screen (the “Exhibitor-Buyer Structure”). Upfront activation fees were recognized in the period in which these Systems were delivered and ready for content, as we had no further obligations to the customer after that time and collection was reasonably assured. In addition, we recognize activation fee revenue of between $1.0 thousand and $2.0 thousand on Phase 2 DC Systems and for Systems installed by CDF2 Holdings, a related party, (See Note 3 - Other Interests ) upon installation and such fees are generally collected upfront upon installation. Our services segment manages and collects VPFs on behalf of exhibitors, for which it earns an administrative fee equal to 10% of the VPFs collected. Our Services segment earns an administrative fee of approximately 5% of VPFs collected and, in addition, earns an incentive service fee equal to 2.5% of the VPFs earned by Phase 1 DC. This administrative fee is recognized in the period in which the billing of VPFs occurs, as performance obligations have been substantially met at that time. Content & Entertainment CEG earns fees for the distribution of content in the home entertainment markets via several distribution channels, including digital, VOD, and physical goods (e.g. DVD and Blu-ray Discs). Fees earned are typically based on the gross amounts billed to our customers less the amounts owed to the media studios or content producers under distribution agreements, and gross media sales of owned or licensed content. Depending upon the nature of the agreements with the platform and content providers, the fee rate that we earn varies. Generally, revenues are recognized when content is available for subscription on the digital platform, at the time of shipment for physical goods, or point-of-sale for transactional and VOD services. Reserves for sales returns and other allowances are recorded based upon historical experience. If actual future returns and allowances differ from past experience, adjustments to our allowances may be required. Sales returns and allowances are reported as a reduction of revenues. CEG also has contracts for the theatrical distribution of third party feature movies and alternative content. CEG’s distribution fee revenue and CEG's participation in box office receipts is recognized at the time a feature movie and alternative content are viewed. CEG has the right to receive or bill a portion of the theatrical distribution fee in advance of the exhibition date, and therefore such amount is recorded as a receivable at the time of execution, and all related distribution revenue is deferred until the third party feature movies’ or alternative content’s theatrical release date. Revenue is deferred in cases where a portion or the entire contract amount cannot be recognized as revenue due to non-delivery of services. Such amounts are classified as deferred revenue and are recognized as earned revenue in accordance with our revenue recognition policies described above.
DIRECT OPERATING COSTS	DIRECT OPERATING COSTS Direct operating costs primarily consist of operating costs such as cost of goods sold, fulfillment expenses, property taxes and insurance on systems, shipping costs, royalty expenses, participation expenses, marketing and direct personnel costs.
STOCK-BASED COMPENSATION	The risk-free interest rate used in the Black-Scholes option pricing model for options granted under our stock option plan awards is the historical yield on U.S. Treasury securities with equivalent remaining lives. We do not currently anticipate paying any cash dividends on common stock in the foreseeable future. Consequently, an expected dividend yield of zero is used in the Black-Scholes option-pricing model. We estimate the expected life of options granted under our stock option plans using both exercise behavior and post-vesting termination behavior, as well as consideration of outstanding options. We estimate expected volatility for options granted under our stock option plans based on a measure of our Class A common stock's historical volatility in the trading market.
INCOME TAXES	INCOME TAXES Income taxes are provided for based on the asset and liability method of accounting. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
NET LOSS PER SHARE	NET LOSS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS Basic and diluted net loss per common share has been calculated as follows: Basic and diluted net loss per common share attributable to common stockholders = Net loss attributable to common stockholders Weighted average number of common stock outstanding during the period Stock issued and treasury stock repurchased during the period are weighted for the portion of the period that they are outstanding. The shares to be repurchased in connection with the forward stock purchase transaction discussed in Note 7 - Stockholders' Deficit are considered repurchased for the purposes of calculating earnings per share and therefore the calculation of weighted average shares outstanding as of June 30, 2016 excludes 1.2 million shares that will be repurchased as a result of the forward stock purchase transaction.
RECENT ACCOUNTING PRONOUNCEMENTS

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Estimated useful lives of Property and equipment	Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows: Computer equipment and software 3 - 5 years Digital cinema projection systems 10 years Machinery and equipment 3 - 10 years Furniture and fixtures 3 - 6 years
Fair Value Measurements of financial assets	The following tables summarize the levels of fair value measurements of our financial assets and liabilities: As of June 30, 2016 (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 8,983 $ — $ — $ 8,983 Interest rate derivatives — 3 — 3 $ 8,983 $ 3 $ — $ 8,986 March 31, 2016 (in thousands) Level 1 Level 2 Level 3 Total Restricted cash $ 8,983 $ — $ — $ 8,983 Interest rate derivatives — 12 — 12 $ 8,983 $ 12 $ — $ 8,995
Schedule of Goodwill
Employee stock-based compensation expense related to stock-based awards	Employee and director stock-based compensation expense from continuing operations related to our stock-based awards was as follows: For the Three Months Ended June 30, (In thousands) 2016 2015 Direct operating $ 3 $ 6 Selling, general and administrative 275 666 $ 278 $ 672
Assumptions used in Black-Scholes option valuation model for estimating fair value of options	We estimated the fair value of stock options at the date of each grant using a Black-Scholes option valuation model with the following assumptions: For the Three Months Ended June 30, Assumptions for Option Grants 2016 2015 Range of risk-free interest rates 1.2 - 1.3% 1.4 - 1.7% Dividend yield — — Expected life (years) 5 5 Range of expected volatilities 72.5 - 73.4% 70.6 - 70.9%

RESTRUCTURING, TRANSITION AND21

RESTRUCTURING, TRANSITION AND ACQUISITIONS EXPENSES (Tables)	3 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table presents a roll forward of restructuring, transition and acquisition expenses and related liability balances: (In thousands) Amount accrued as of March 31, 2016 $ 505 Costs incurred 90 Amounts paid 227 Amount accrued as of June 30, 2016 $ 368

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
	Jun. 30, 2016
Debt Instrument [Line Items]
Schedule of Notes Payable	Notes payable consisted of the following: June 30, 2016 March 31, 2016 (In thousands) Current Portion Long Term Portion Current Portion Long Term Portion 2013 Term Loans, net of debt discount $ 19,312 $ 3,106 $ 21,188 $ 9,738 Prospect Loan — 65,990 — 66,543 KBC Facilities 7,646 9,086 7,646 10,998 P2 Vendor Note 173 283 161 310 P2 Exhibitor Notes 81 87 79 107 Total non-recourse notes payable 27,212 78,552 29,074 87,696 Less: Unamortized debt issuance costs — (4,095 ) — (4,458 ) Total non-recourse notes payable, net of unamortized debt issuance costs $ 27,212 $ 74,457 $ 29,074 $ 83,238 5.5% Convertible Notes Due 2035 $ — $ 64,000 $ — $ — Cinedigm Term Loans — — — — Cinedigm Revolving Loans — 16,183 — 21,927 2013 Notes — 4,158 — 4,079 Total recourse notes payable — 84,341 — 26,006 Less: Unamortized debt issuance costs — (2,901 ) — (3,068 ) Total recourse notes payable, net of unamortized debt issuance costs $ — $ 81,440 $ — $ 22,938 Total notes payable, net of unamortized debt issuance costs $ 27,212 $ 155,897 $ 29,074 $ 106,176
Schedule of Credit Facilities	The following table presents a summary of the KBC Facilities (dollar amounts in thousands): Outstanding Principal Balance Facility 1 Credit Facility Interest Rate 2 Maturity Date June 30, 2016 March 31, 2016 1 $ 22,336 3.75 % September 2018 $ 6,382 $ 7,180 2 13,312 3.75 % March 2018 3,559 4,034 3 11,425 3.75 % March 2019 4,488 4,896 4 6,450 3.75 % September 2018 2,303 2,534 $ 53,523 $ 16,732 $ 18,644 1. For each facility, principal is to be repaid in twenty-eight quarterly installments. 2. Each of the facilities bears interest at the three-month LIBOR rate, which was 0.65% at June 30, 2016 , plus the interest rate noted above.
Schedule of Assumptions for Fair Value of Warrant LIabilities	We allocated a proportional value of $1.6 million to the 2013 Warrants using a Black-Scholes option valuation model with the following assumptions: Risk free interest rate 1.38 % Dividend yield — Expected life (years) 5 Expected volatility 76.25 %
2013 Term Loans
Debt Instrument [Line Items]
Schedule of Debt Outstanding	The balance of the 2013 Term Loans, net of the original issue discount, was as follows: (In thousands) June 30, 2016 March 31, 2016 2013 Term Loans, at issuance, net $ 125,087 $ 125,087 Payments to date (102,544 ) (94,043 ) Discount on 2013 Term Loans (125 ) (118 ) 2013 Term Loans, net 22,418 30,926 Less current portion (19,312 ) (21,188 ) Total long term portion $ 3,106 $ 9,738
Prospect Loan
Debt Instrument [Line Items]
Schedule of Debt Outstanding	The following table summarizes the activity related to the Prospect Loan: (In thousands) June 30, 2016 March 31, 2016 Prospect Loan, at issuance $ 70,000 $ 70,000 PIK Interest 4,778 4,778 Payments to date (8,788 ) (8,235 ) Prospect Loan, net 65,990 66,543 Less current portion — — Total long term portion $ 65,990 $ 66,543

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Outstanding Stock Options	The following table summarizes the activity of the Plan related to shares issuable pursuant to outstanding options: Shares Under Option Weighted Average Exercise Price Per Share Balance at March 31, 2016 362,272 $ 16.50 Granted — — Exercised — — Canceled/forfeited (7,092 ) 17.44 Balance at June 30, 2016 355,180 $ 16.48
Schedule of Warrants	The following table presents information about outstanding warrants to purchase shares of our Class A common stock as of June 30, 2016 . All of the outstanding warrants are fully vested and exercisable. Recipient Amount outstanding Expiration Exercise price per share Sageview Capital, L.P 1,673,282 August 2016 $13.10 Strategic management service provider 52,500 July 2021 $17.20 - $30.00 Warrants issued to creditors in connection with the 2013 Notes (the "2013 Warrants") 125,063 October 2018 $18.50

SUPPLEMENTAL CASH FLOW INFORM24

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flows	June 30, 2016 (in thousands) 2016 2015 Cash interest paid $ 5,060 $ 6,794 Accrued dividends on preferred stock 89 89 Issuance of common stock for payment of preferred stock dividends 89 89

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting, Assets and Debt	The following tables present certain financial information related to our reportable segments and Corporate: As of June 30, 2016 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 195 $ — $ 41,298 $ 84,567 $ — $ — Phase II Deployment — — 53,083 17,102 — — Services — — 1,119 — — — Content & Entertainment 24,271 8,701 86,378 — — 25 Corporate 12 — 9,762 — 81,440 4,119 Total $ 24,478 $ 8,701 $ 191,640 $ 101,669 $ 81,440 $ 4,144 March 31, 2016 (In thousands) Intangible Assets, net Goodwill Total Assets Notes Payable, Non-Recourse Notes Payable Capital Leases Phase I Deployment $ 206 $ — $ 48,292 $ 93,372 $ — $ — Phase II Deployment — — 53,727 18,940 — — Services — — 1,064 — — — Content & Entertainment 25,721 8,701 87,344 — — 30 Corporate 13 — 18,971 — 86,938 4,195 Total $ 25,940 $ 8,701 $ 209,398 $ 112,312 $ 86,938 $ 4,225
Schedule of Segment Reporting, Statement of Operations	Statements of Operations For the Three Months Ended June 30, 2016 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 9,164 $ 3,180 $ 3,295 $ 6,836 $ — $ 22,475 Direct operating (exclusive of depreciation and amortization shown below) 223 53 1 5,414 — 5,691 Selling, general and administrative 133 59 231 4,101 1,908 6,432 Allocation of Corporate overhead — — 397 896 (1,293 ) — Restructuring, transition and acquisition expenses, net — — — 90 — 90 Depreciation and amortization of property and equipment 6,391 1,881 — 68 184 8,524 Amortization of intangible assets 11 — — 1,450 2 1,463 Total operating expenses 6,758 1,993 629 12,019 801 22,200 Income (loss) from operations $ 2,406 $ 1,187 $ 2,666 $ (5,183 ) $ (801 ) $ 275 Statements of Operations For the Three Months Ended June 30, 2015 (Unaudited, in thousands) Phase I Phase II Services Content & Entertainment Corporate Consolidated Revenues $ 8,142 $ 2,895 $ 2,693 $ 9,098 $ — $ 22,828 Direct operating (exclusive of depreciation and amortization shown below) 225 91 4 6,972 — 7,292 Selling, general and administrative 253 41 210 5,228 3,884 9,616 Allocation of Corporate overhead — — 402 1,347 (1,749 ) — Provision for doubtful accounts 241 98 — — — 339 Restructuring, transition and acquisition expenses, net — — — — 133 133 Depreciation and amortization of property and equipment 7,153 1,881 — 40 283 9,357 Amortization of intangible assets 8 — — 1,450 1 1,459 Total operating expenses 7,880 2,111 616 15,037 2,552 28,196 Income (loss) from operations $ 262 $ 784 $ 2,077 $ (5,939 ) $ (2,552 ) $ (5,368 )
Schedule of Segement Reporting, Employee Stock-based Compensation Expense	The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ 4 $ 2 $ — $ 6 Selling, general and administrative — — — 68 598 666 Total stock-based compensation $ — $ — $ 4 $ 70 $ 598 $ 672 The following employee and director stock-based compensation expense related to the Company’s stock-based awards is included in the above amounts as follows: Phase I Phase II Services Content & Entertainment Corporate Consolidated Direct operating $ — $ — $ 1 $ 2 $ — $ 3 Selling, general and administrative — — — 46 229 275 Total stock-based compensation $ — $ — $ 1 $ 48 $ 229 $ 278

NATURE OF OPERATIONS - NARRATIV

NATURE OF OPERATIONS - NARRATIVE (Details)	Jul. 14, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)theatre
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of movie theatres (more than) | theatre			12,000
Accumulated deficit		$ (347,091,000)	$ (342,448,000)
Cash and cash equivalents		23,400,000
Phase I Deployment, Phase II Development, and Services Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notes payable, net		105,800,000
Content and Entertainment and Corporate Segments [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notes payable, net		$ 84,300,000
Subsequent Event [Member] | Secured Debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Commitment pledged, amount	$ 2,000,000
Subsequent Event [Member] | Secured Debt | 12.75% Loans Due 2019 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt face amount	2,000,000
Chief Executive Officer | Subsequent Event [Member] | Secured Debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Commitment pledged, amount	$ 500,000

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - NARRATIVE (Details)	Apr. 29, 2015shares	Jun. 30, 2016USD ($)systemshares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2016
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Number of Systems that have Ceased to Earn VPF | system		189
Deferred Revenue, Percent of Systems Expected to Cease Earning VPF				50.00%
Net cash used in by investing activities		$ (153,000)	$ (583,000)
Net cash (used in) provided by financing activities		(17,700,000)	8,726,000
Impairment of long-lived assets		0	0
Impairment of finite-lived intangible assets		$ 0	0
Goodwill impairment			0
Deferred revenue recognition period				10 years
Activation fee revenue, per screen			2,000
Activation Fee Revenue Range, Minimum			1,000
Activation Fee Revenue Range, Maximum			$ 2,000
Options grants in period, weighted average grant date fair value (in dollars per share) | $ / shares			$ 9
Shares under option, granted (shares) | shares		0
Shares under option, exercised (shares) | shares		0	25,000
Antidilutive securities excluded from computation of earnings per share (shares) | shares		2,703,774	2,939,387
Services
Deferred Revenue Arrangement [Line Items]
Administrative fee VPFs			5.00%
Incentive fees, percentage of VPF Phase I			2.50%
Up-front Payment Arrangement
Deferred Revenue Arrangement [Line Items]
Administrative fee VPFs			10.00%
Restatement Adjustment [Member]
Deferred Revenue Arrangement [Line Items]
Net cash used in by investing activities		$ (600,000)
Net cash (used in) provided by financing activities		$ 600,000
Convertible Debt | Convertible Notes
Deferred Revenue Arrangement [Line Items]
Treasury stock, shares acquired (shares) | shares	272,100
Convertible Debt | Convertible Notes | Forward Stock Purchase Transaction
Deferred Revenue Arrangement [Line Items]
Treasury stock, shares acquired (shares) | shares		1,179,138.4

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - PROPERTY AND EQUIPMENT (Details)	3 Months Ended
	Jun. 30, 2016
Computer equipment and software | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Computer equipment and software | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	5 years
Digital cinema projection systems
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	10 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	10 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	6 years

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016
Levels of fair value measurements of financial assets:
Restricted cash	$ 8,983	$ 8,983
Recurring
Levels of fair value measurements of financial assets:
Restricted cash	8,983	8,983
Interest rate derivatives	3	12
Financial assets	8,986	8,995
Recurring | Fair Value, Inputs, Level 1
Levels of fair value measurements of financial assets:
Restricted cash	8,983	8,983
Interest rate derivatives	0	0
Financial assets	8,983	8,983
Recurring | Fair Value, Inputs, Level 2
Levels of fair value measurements of financial assets:
Restricted cash	0	0
Interest rate derivatives	3	12
Financial assets	3	12
Recurring | Fair Value, Inputs, Level 3
Levels of fair value measurements of financial assets:
Restricted cash	0	0
Interest rate derivatives	0	0
Financial assets	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - EMPLOYEE STOCK-BASED COMPENSATION EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	$ 278	$ 672
Direct operating
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	3	6
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation	$ 275	$ 666

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - FAIR VALUE ASSUMPTIONS USED FOR STOCK OPTIONS (Details)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Assumptions for Option Grants:
Dividend yield	0.00%	0.00%
Expected life (years)	5 years	5 years
Range of expected volatilities, minimum	72.50%	70.60%
Range of expected volatilities, maximum	73.40%	70.90%
Minimum
Assumptions for Option Grants:
Range of risk free rates	1.20%	1.40%
Maximum
Assumptions for Option Grants:
Range of risk free rates	1.30%	1.70%

Other Interests (Details)

Other Interests (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Jul. 01, 2015
Noncontrolling Interest [Line Items]
Accounts receivable service equity investment	$ 400,000		$ 400,000
Management fees revenue	300,000	$ 300,000
Deficit attributable to noncontrolling interest	(1,168,000)		(1,185,000)
Net loss attributable to noncontrolling interest	21,000	$ 434,000
Holdings
Noncontrolling Interest [Line Items]
Ownership percentage		100.00%
Equity method investment aggregate cost	2,000,000
Holdings | Variable Interest Entity, Not Primary Beneficiary
Noncontrolling Interest [Line Items]
Equity method investment equity	13,900,000		11,900,000
Equity method investment	0		$ 0
CONtv
Noncontrolling Interest [Line Items]
Ownership percentage		47.50%		85.00%
Investments in subsidiary	$ 38,000

RESTRUCTURING, TRANSITION AND33

RESTRUCTURING, TRANSITION AND ACQUISITIONS EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Restructuring Reserve [Roll Forward]
Total Cost	$ 90	$ 133
Content & Entertainment | Employee Severance
Restructuring Reserve [Roll Forward]
Restructuring, beginning balance	505
Total Cost	90
Amounts Paid/Adjusted	227
Restructuring, ending balance	$ 368

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ (67,000)	$ 0
Effective income tax rate, percent	1.50%

NOTES PAYABLE - SCHEDULE OF NO

NOTES PAYABLE - SCHEDULE OF NOTES PAYABLE OUTSTANDING (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Feb. 28, 2013
Notes Payable:
Current portion	$ 27,212	$ 29,074
Long Term Portion	155,897	106,176
2013 Term Loans
Notes Payable:
Current portion	19,312	21,188
Long Term Portion	3,106	9,738
Prospect Loan
Notes Payable:
Debt interest rate, stated rate			2.50%
Current portion	0	0
Long Term Portion	65,990	66,543
Non-recourse Notes Payable
Notes Payable:
Current portion gross	27,212	29,074
Unamortized debt issuance cost, current	0	0
Current portion	27,212	29,074
Long term portion gross	78,552	87,696
Unamortized debt issuance long term	(4,095)	(4,458)
Long Term Portion	74,457	83,238
Non-recourse Notes Payable | 2013 Term Loans
Notes Payable:
Current portion gross	19,312	21,188
Long term portion gross	3,106	9,738
Non-recourse Notes Payable | Prospect Loan
Notes Payable:
Current portion gross	0	0
Long term portion gross	65,990	66,543
Non-recourse Notes Payable | KBC Facilities
Notes Payable:
Current portion gross	7,646	7,646
Long term portion gross	9,086	10,998
Non-recourse Notes Payable | P2 Vendor Note
Notes Payable:
Current portion gross	173	161
Long term portion gross	283	310
Non-recourse Notes Payable | P2 Exhibitor Notes
Notes Payable:
Current portion gross	81	79
Long term portion gross	87	107
Recourse Notes Payable
Notes Payable:
Current portion gross	0	0
Unamortized debt issuance cost, current	0	0
Current portion	0	0
Long term portion gross	84,341	26,006
Unamortized debt issuance long term	(2,901)	(3,068)
Long Term Portion	$ 81,440	$ 22,938
Recourse Notes Payable | 5.5% Convertible Notes Due 2035
Notes Payable:
Debt interest rate, stated rate	5.50%	5.50%
Current portion gross	$ 0	$ 0
Long term portion gross	64,000	0
Recourse Notes Payable | Cinedigm Term Loans
Notes Payable:
Current portion gross	0	0
Long term portion gross	0	0
Recourse Notes Payable | Cinedigm Revolving Loans
Notes Payable:
Current portion gross	0	0
Long term portion gross	16,183	21,927
Recourse Notes Payable | 2013 Notes
Notes Payable:
Current portion gross	0	0
Long term portion gross	$ 4,158	$ 4,079

NOTES PAYABLE - NARRATIVE (Det

NOTES PAYABLE - NARRATIVE (Details)	Apr. 29, 2015USD ($)$ / sharesshares	Oct. 17, 2013USD ($)	Feb. 28, 2013USD ($)	Apr. 30, 2015USD ($)	Oct. 31, 2013USD ($)shares	Jun. 30, 2016USD ($)installmentsshares	Jun. 30, 2015USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	May 31, 2016USD ($)	Mar. 31, 2016USD ($)
Line of Credit Facility [Line Items]
Basis spread on variable rate		4.00%
Restricted cash						$ 8,983,000					$ 8,983,000
Payments of debt issuance costs						914,000	$ 3,618,000
Gains (loss) on extinguishment of debt						0	(931,000)
Long Term Portion						155,897,000					106,176,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 53,523,000
Number of quarterly payments | installments						28
Recourse Notes Payable
Line of Credit Facility [Line Items]
Long term portion gross						$ 84,341,000					26,006,000
Long Term Portion						81,440,000					22,938,000
Debt Service Payment for 2013 and 2010 Credit Agreements
Line of Credit Facility [Line Items]
Restricted cash debt servicing						5,600,000					6,100,000
Prospect Loan
Line of Credit Facility [Line Items]
Restricted cash debt servicing						7,600,000					8,700,000
Restricted cash						1,000,000	1,000,000
2013 Term Loans
Line of Credit Facility [Line Items]
Restricted cash						$ 5,800,000	5,800,000
LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate						0.65%
Prospect Loan
Line of Credit Facility [Line Items]
Debt face amount			$ 70,000,000			$ 70,000,000					70,000,000
Basis spread on variable rate			9.00%
Debt interest rate, stated rate			2.50%
Guarantor maximum exposure annual limit						1,500,000
Long Term Portion						65,990,000					66,543,000
Prospect Loan | Debt Instrument, Prepayment Period - Between Second And Third Anniversary
Line of Credit Facility [Line Items]
Prepayment premium			5.00%
Prospect Loan | Debt Instrument, Prepayment Period - Between Third and Fourth Anniversary
Line of Credit Facility [Line Items]
Prepayment premium			4.00%
Prospect Loan | Debt Instrument, Prepayment Period - Between Fourth and Fifth Anniversary
Line of Credit Facility [Line Items]
Prepayment premium			3.00%
Prospect Loan | Debt Instrument, Prepayment Period - Between Fifth and Sixth Anniversary
Line of Credit Facility [Line Items]
Prepayment premium			2.00%
Prospect Loan | Debt Instrument, Prepayment Period - Between Sixth and Seventh Anniversary
Line of Credit Facility [Line Items]
Prepayment premium			1.00%
Prospect Loan | LIBOR
Line of Credit Facility [Line Items]
Debt variable rate basis floor			2.00%
Convertible Notes | Convertible Debt
Line of Credit Facility [Line Items]
Debt face amount	$ 64,000,000
Debt interest rate, stated rate	5.50%
Debt conversion ratio	$ 1,000
Debt conversion ratio	82.45723
Debt conversion price (in dollars per share) | $ / shares	$ 12.10
Debt repurchase price percentage	100.00%
Debt redemption price percentage	100.00%
Proceeds from issuance of unsecured debt	$ 60,900,000
Treasury stock, shares acquired (shares) | shares	272,100
Treasury stock acquired	$ 2,700,000
Interest expense						900,000	$ 600,000
2013 Term Loans
Line of Credit Facility [Line Items]
Debt face amount			$ 130,000,000			125,087,000					125,087,000
Debt decrease assigned			$ 5,000,000
Long Term Portion						3,106,000					9,738,000
Discount on debt instrument						$ 125,000					118,000
2013 Term Loans | LIBOR
Line of Credit Facility [Line Items]
Debt variable rate basis floor			1.00%
Basis spread on variable rate			2.75%
Debt variable rate basis						0.47%
2013 Term Loans | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.75%
Cinedigm Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 55,000,000
Cinedigm Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Repayments of debt	18,600,000
Debt repurchased face amount	18,200,000
Cinedigm Credit Agreement | Eurodollar
Line of Credit Facility [Line Items]
Basis spread on variable rate		4.00%
Cinedigm Credit Agreement | Federal Funds Effective Swap Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.50%
Variable rate basis percentage of nation's largest banks		75.00%
Cinedigm Revolving Loans | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 30,000,000
Cinedigm Revolving Loans | Recourse Notes Payable
Line of Credit Facility [Line Items]
Long term portion gross						$ 16,183,000					21,927,000
Cinedigm Revolving Loans | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity						2,232,000				$ 22,000,000	30,000,000
Line of Credit Facility, Current Borrowing Capacity						0
Line of credit minimum liquidity				$ 5,000,000
Cinedigm Revolving Loans | LIBOR | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt variable rate basis floor				1.00%
Cinedigm Revolving Loans | Base Rate | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate				3.00%
Debt variable rate basis		6.25%
Basis spread on variable rate minimum				1.00%
Cinedigm Revolving Loans | Eurodollar | Revolving Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate				4.00%
Debt variable rate basis		1.00%
Cinedigm Term Loans | Term Loans
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 25,000,000
Cinedigm Term Loans | Recourse Notes Payable
Line of Credit Facility [Line Items]
Long term portion gross						0					0
Cinedigm Term Loans | Base Rate | Term Loans
Line of Credit Facility [Line Items]
Basis spread on variable rate		5.00%
Cinedigm Term Loans | Eurodollar | Term Loans
Line of Credit Facility [Line Items]
Basis spread on variable rate		6.00%
2013 Notes | Recourse Notes Payable
Line of Credit Facility [Line Items]
Long term portion gross						$ 4,158,000					$ 4,079,000
2013 Notes | Senior Notes
Line of Credit Facility [Line Items]
Debt interest rate, stated rate					9.00%
Debt conversion original debt amount					$ 5,000,000
Discount on debt instrument					$ 1,600,000
Number of securities called by warrants | shares					150,000
Forward Stock Purchase Transaction | Convertible Notes | Convertible Debt
Line of Credit Facility [Line Items]
Treasury stock, shares acquired (shares) | shares						1,179,138.4
Treasury stock acquired	$ 11,400,000
Scenario, Forecast [Member] | Cinedigm Revolving Loans | Revolving Credit Facility
Line of Credit Facility [Line Items]
Capacity available for specific purpose other than for trade purchases								$ 2,000,000	$ 6,200,000

NOTES PAYABLE - NET OF ORIGINA

NOTES PAYABLE - NET OF ORIGINAL ISSUE DISCOUNT (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016	Feb. 28, 2013
Debt Instrument [Line Items]
Less current portion	$ (27,212,000)	$ (29,074,000)
Long Term Portion	155,897,000	106,176,000
2013 Term Loans, net of discount
Debt Instrument [Line Items]
Debt amount, at issuance	125,087,000	125,087,000	$ 130,000,000
Payments to date	(102,544,000)	(94,043,000)
Discount on debt instrument	(125,000)	(118,000)
Notes payable, net	22,418,000	30,926,000
Less current portion	(19,312,000)	(21,188,000)
Long Term Portion	3,106,000	9,738,000
Prospect Loan
Debt Instrument [Line Items]
Debt amount, at issuance	70,000,000	70,000,000	$ 70,000,000
PIK Interest	4,778,000	4,778,000
Payments to date	(8,788,000)	(8,235,000)
Notes payable, net	65,990,000	66,543,000
Less current portion	0	0
Long Term Portion	$ 65,990,000	$ 66,543,000

NOTES PAYABLE - SUMMARY OF CRE

NOTES PAYABLE - SUMMARY OF CREDIT FACILITIES (Details) $ in Thousands	Oct. 17, 2013	Jun. 30, 2016USD ($)installments	Mar. 31, 2016USD ($)
Line of Credit Facility [Line Items]
Interest Rate	4.00%
LIBOR
Line of Credit Facility [Line Items]
Interest Rate		0.65%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility		$ 53,523
Outstanding Principal Balance		$ 16,732	$ 18,644
Number of quarterly payments | installments		28
Credit Facility 1 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility		$ 22,336
Interest Rate		3.75%
Outstanding Principal Balance		$ 6,382	7,180
Credit Facility 2 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility		$ 13,312
Interest Rate		3.75%
Outstanding Principal Balance		$ 3,559	4,034
Credit Facility 3 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility		$ 11,425
Interest Rate		3.75%
Outstanding Principal Balance		$ 4,488	4,896
Credit Facility 4 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit Facility		$ 6,450
Interest Rate		3.75%
Outstanding Principal Balance		$ 2,303	$ 2,534

NOTES PAYABLE - FAIR VALUE ASS

NOTES PAYABLE - FAIR VALUE ASSUMPTIONS (Details) - Warrant	Oct. 23, 2013
Debt Instrument [Line Items]
Risk free interest rate	1.38%
Dividend yield	0.00%
Expected life (years)	5 years
Expected volatility	76.25%

STOCKHOLDERS' EQUITY - COMMON

STOCKHOLDERS' EQUITY - COMMON STOCK (Details)	3 Months Ended
	Jun. 30, 2016shares
Class A common stock
Class of Stock [Line Items]
Shares issued as payment for services rendered	198,162

STOCKHOLDERS' EQUITY - PREFERR

STOCKHOLDERS' EQUITY - PREFERRED STOCK (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jul. 31, 2016	Jun. 30, 2016
Class of Stock [Line Items]
Dividends preferred stock		$ 0.1
Subsequent Event [Member] | Class A common stock
Class of Stock [Line Items]
Preferred stock dividends (shares)	71,232

STOCKHOLDERS' EQUITY - TREASUR

STOCKHOLDERS' EQUITY - TREASURY STOCK (Details) - Convertible Debt - Convertible Notes - USD ($) $ in Millions	Apr. 29, 2015	Jun. 30, 2016
Class of Stock [Line Items]
Treasury stock, shares acquired (shares)	272,100
Treasury stock acquired	$ 2.7
Forward Stock Purchase Transaction
Class of Stock [Line Items]
Treasury stock, shares acquired (shares)		1,179,138.4
Treasury stock acquired	$ 11.4

STOCKHOLDERS' EQUITY - CINEDIG

STOCKHOLDERS' EQUITY - CINEDIGM'S EQUITY INCENTIVE PLAN (Details) - $ / shares	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Shares Under Option
Shares under option, granted (shares)	0
Shares under option, exercised (shares)	0	(25,000)
Cinedigm Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent voting power threshold	10.00%
Exercise price if voting threshold is met, percent	110.00%
Shares Under Option
Shares under option, beginning of period (shares)	362,272
Shares under option, granted (shares)	0
Shares under option, exercised (shares)	0
Shares under option, canceled (shares)	(7,092)
Shares under option, end of period (shares)	355,180
Weighted Average Exercise Price Per Share
Weighted average exercise price per share, beginning of period (in dollars per share)	$ 16.50
Weighted average exercise price per share, granted (in dollars per share)	0
Weighted average exercise price per share, exercised (in dollars per share)	0
Weighted average exercise price per share, canceled (in dollars per share)	17.44
Weighted average exercise price per share, end of period (in dollars per share)	$ 16.48
Options outstanding, weighted average remaining contractual term	6 years 9 months 11 days
Cinedigm Equity Incentive Plan | Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)	1,430,000

STOCKHOLDERS' EQUITY - OPTIONS

STOCKHOLDERS' EQUITY - OPTIONS GRANTED OUTSIDE CINEDIGM'S EQUITY INCENTIVE PLAN (Details)	1 Months Ended		3 Months Ended
	Oct. 31, 2013employee$ / sharesshares	Dec. 31, 2010$ / sharesshares	Jun. 30, 2016shares
Class of Stock [Line Items]
Shares under option, granted (shares)			0
Class A common stock | Chief Executive Officer
Class of Stock [Line Items]
Options exercise price range, lower (in dollars per share) | $ / shares		$ 15
Options exercise price range, upper (in dollars per share) | $ / shares		$ 50
Class A common stock | Chief Executive Officer | Stock option
Class of Stock [Line Items]
Number of shares authorized (shares)		450,000
Gaiam Americas, Inc. and Gaiam, Inc. (GVE)
Class of Stock [Line Items]
Number of employees joining company following acquisition | employee	10
Shares under option, granted (shares)	62,000
Weighted average exercise price per share, granted (in dollars per share) | $ / shares	$ 17.50
Options nonvested (shares)			23,250
Gaiam Americas, Inc. and Gaiam, Inc. (GVE) | Stock option
Class of Stock [Line Items]
Award vesting rights percentage	25.00%
Award vesting period	4 years
Aware expiration period	10 years

STOCKHOLDERS' EQUITY - WARRANT

STOCKHOLDERS' EQUITY - WARRANTS (Details) - $ / shares	3 Months Ended
	Jun. 30, 2016	Apr. 29, 2015	Apr. 28, 2015
Sageview Warrants
Class of Warrant or Right [Line Items]
Outstanding warrants	1,673,282
Warrant exercise price (in dollars per share)	$ 13.1	$ 13.1	$ 13.7
Number of securities called by warrants		1,673,282	1,600,000
Strategic Management Service Provider Warrants
Class of Warrant or Right [Line Items]
Outstanding warrants	52,500
Warrant termination notice	90 days
Warrants issued to creditors in connection with the 2013 Notes
Class of Warrant or Right [Line Items]
Outstanding warrants	125,063
Warrant exercise price (in dollars per share)	$ 18.5
Minimum | Strategic Management Service Provider Warrants
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)	1.72
Maximum | Strategic Management Service Provider Warrants
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)	$ 3

SUPPLEMENTAL CASH FLOW INFORM46

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Cash interest paid	$ 5,060	$ 6,794
Accrued dividends on preferred stock	89	89
Issuance of common stock for payment of preferred stock dividends	$ 89	$ 89

SEGMENT INFORMATION - ASSETS an

SEGMENT INFORMATION - ASSETS and DEBT (Details)	3 Months Ended
	Jun. 30, 2016USD ($)segmentssystemsystems	Mar. 31, 2016USD ($)
Segment Reporting, Asset Reconciling Item [Line Items]
Number of reportable segments | segments	4
Deferred Revenue, Number of Systems that have Ceased to Earn VPF | system	189
Total intangible assets, net	$ 24,478,000	$ 25,940,000
Total goodwill	8,701,000	8,701,000
Assets from continuing operations	191,640,000	209,398,000
Notes payable, non-recourse	101,669,000	112,312,000
Current portion of notes payable	81,440,000	86,938,000
Capital leases	$ 4,144,000	4,225,000
Phase I
Segment Reporting, Asset Reconciling Item [Line Items]
Number of systems installed | systems	3,724
Phase I | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	$ 195,000	206,000
Total goodwill	0	0
Assets from continuing operations	41,298,000	48,292,000
Notes payable, non-recourse	84,567,000	93,372,000
Current portion of notes payable	0	0
Capital leases	$ 0	0
Phase II
Segment Reporting, Asset Reconciling Item [Line Items]
Number of systems installed | systems	8,904
Phase II | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	$ 0	0
Total goodwill	0	0
Assets from continuing operations	53,083,000	53,727,000
Notes payable, non-recourse	17,102,000	18,940,000
Current portion of notes payable	0	0
Capital leases	0	0
Services | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	0	0
Total goodwill	0	0
Assets from continuing operations	1,119,000	1,064,000
Notes payable, non-recourse	0	0
Current portion of notes payable	0	0
Capital leases	0	0
Content & Entertainment | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	24,271,000	25,721,000
Total goodwill	8,701,000	8,701,000
Assets from continuing operations	86,378,000	87,344,000
Notes payable, non-recourse	0	0
Current portion of notes payable	0	0
Capital leases	25,000	30,000
Corporate | Segment, Continuing Operations
Segment Reporting, Asset Reconciling Item [Line Items]
Total intangible assets, net	12,000	13,000
Total goodwill	0	0
Assets from continuing operations	9,762,000	18,971,000
Notes payable, non-recourse	0	0
Current portion of notes payable	81,440,000	86,938,000
Capital leases	$ 4,119,000	$ 4,195,000

SEGMENT INFORMATION - RECONCILI

SEGMENT INFORMATION - RECONCILIATION OF OPERATING PROFIT (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	$ 22,475	$ 22,828
Direct operating (excludes depreciation and amortization shown below)	5,691	7,292
Selling, general and administrative	6,432	9,616
Allocation of Corporate overhead	0	0
Provision for doubtful accounts	0	339
Restructuring, transition and acquisition expenses, net	90	133
Depreciation and amortization of property and equipment	8,524	9,357
Amortization of intangible assets	1,463	1,459
Total operating expenses	22,200	28,196
Income (loss) from operations	275	(5,368)
Phase I
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	9,164	8,142
Direct operating (excludes depreciation and amortization shown below)	223	225
Selling, general and administrative	133	253
Allocation of Corporate overhead	0	0
Provision for doubtful accounts		241
Restructuring, transition and acquisition expenses, net	0	0
Depreciation and amortization of property and equipment	6,391	7,153
Amortization of intangible assets	11	8
Total operating expenses	6,758	7,880
Income (loss) from operations	2,406	262
Phase II
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	3,180	2,895
Direct operating (excludes depreciation and amortization shown below)	53	91
Selling, general and administrative	59	41
Allocation of Corporate overhead	0	0
Provision for doubtful accounts		98
Restructuring, transition and acquisition expenses, net	0	0
Depreciation and amortization of property and equipment	1,881	1,881
Amortization of intangible assets	0	0
Total operating expenses	1,993	2,111
Income (loss) from operations	1,187	784
Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	3,295	2,693
Direct operating (excludes depreciation and amortization shown below)	1	4
Selling, general and administrative	231	210
Allocation of Corporate overhead	397	402
Provision for doubtful accounts		0
Restructuring, transition and acquisition expenses, net	0	0
Depreciation and amortization of property and equipment	0	0
Amortization of intangible assets	0	0
Total operating expenses	629	616
Income (loss) from operations	2,666	2,077
Content & Entertainment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	6,836	9,098
Direct operating (excludes depreciation and amortization shown below)	5,414	6,972
Selling, general and administrative	4,101	5,228
Allocation of Corporate overhead	896	1,347
Provision for doubtful accounts		0
Restructuring, transition and acquisition expenses, net	90	0
Depreciation and amortization of property and equipment	68	40
Amortization of intangible assets	1,450	1,450
Total operating expenses	12,019	15,037
Income (loss) from operations	(5,183)	(5,939)
Corporate
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	0	0
Direct operating (excludes depreciation and amortization shown below)	0	0
Selling, general and administrative	1,908	3,884
Allocation of Corporate overhead	(1,293)	(1,749)
Provision for doubtful accounts		0
Restructuring, transition and acquisition expenses, net	0	133
Depreciation and amortization of property and equipment	184	283
Amortization of intangible assets	2	1
Total operating expenses	801	2,552
Income (loss) from operations	$ (801)	$ (2,552)

SEGMENT INFORMATION - EMPLOYEE

SEGMENT INFORMATION - EMPLOYEE STOCK-BASED COMPENSATION EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	$ 278	$ 672
Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	3	6
Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	275	666
Phase I
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase I | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase I | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase II
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase II | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Phase II | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	1	4
Services | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	1	4
Services | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Content & Entertainment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	48	70
Content & Entertainment | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	2	2
Content & Entertainment | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	46	68
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	229	598
Corporate | Direct operating
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	0	0
Corporate | Selling, general and administrative
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total stock-based compensation	$ 229	$ 598

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Aug. 15, 2016	Jul. 14, 2016	Oct. 17, 2013	Jun. 30, 2016	Mar. 31, 2016	Apr. 29, 2015	Apr. 28, 2015
Subsequent Event [Line Items]
Basis spread on variable rate			4.00%
Sageview Warrants
Subsequent Event [Line Items]
Number of securities called by warrants						1,673,282	1,600,000
Warrant exercise price (in dollars per share)				$ 13.1		$ 13.1	$ 13.7
Revolving Credit Facility | Credit Agreement Amendment Number 4 [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity				$ 22,000,000
Class A common stock
Subsequent Event [Line Items]
Common stock, par value (in dollars per share)				$ 0.001	$ 0.001
Subsequent Event [Member]
Subsequent Event [Line Items]
Ownership threshold to be recommended for election to the board of directors		5.00%
Accounts payable, interest-bearing	$ 1,400,000
Accounts payable, interest-bearing, interest rate	4.00%
Accounts payable, interest-bearing, term (in years)	1 year
Subsequent Event [Member] | Sageview Warrants
Subsequent Event [Line Items]
Number of securities called by warrants		1,762,058
Warrant exercise price (in dollars per share)		$ 12.44
Subsequent Event [Member] | 12.75% Loans Due 2019 [Member]
Subsequent Event [Line Items]
Debt interest rate, stated rate		12.75%
Shares issued for services (in shares)		196,000
Subsequent Event [Member] | Secured Debt
Subsequent Event [Line Items]
Aggregate additional capital, amount		$ 9,000,000
Commitment pledged, amount		2,000,000
Subsequent Event [Member] | Secured Debt | 12.75% Loans Due 2019 [Member]
Subsequent Event [Line Items]
Debt face amount		$ 2,000,000
Debt interest rate, stated rate		7.50%
Subsequent Event [Member] | Payment in Kind (PIK) Note [Member] | 12.75% Loans Due 2019 [Member]
Subsequent Event [Line Items]
Debt interest rate, stated rate		5.25%
Subsequent Event [Member] | Revolving Credit Facility | Amended Cinedigm Revolving Loans [Member]
Subsequent Event [Line Items]
Line of credit minimum liquidity		$ 800,000
Subsequent Event [Member] | Revolving Credit Facility | Credit Agreement Amendment Number 4 [Member]
Subsequent Event [Line Items]
Line of credit minimum liquidity		800,000
Capacity available for specific purpose other than for trade purchases		2,300,000
Maximum borrowing capacity		$ 19,800,000
Subsequent Event [Member] | Class A common stock | 12.75% Loans Due 2019 [Member]
Subsequent Event [Line Items]
Number of securities called by warrants		200,000
Vesting period (in years)		7 years
Subsequent Event [Member] | Class A common stock | 12.75% Loans Due 2019 [Member] | Warrants with Exercise Price 1 [Member]
Subsequent Event [Line Items]
Number of securities called by warrants		100,000
Warrant exercise price (in dollars per share)		$ 1.34
Subsequent Event [Member] | Class A common stock | 12.75% Loans Due 2019 [Member] | Warrants with Exercise Price 2 [Member]
Subsequent Event [Line Items]
Number of securities called by warrants		100,000
Warrant exercise price (in dollars per share)		$ 1.68
Subsequent Event [Member] | Class A common stock | Secured Debt | 12.75% Loans Due 2019 [Member]
Subsequent Event [Line Items]
Common stock, par value (in dollars per share)		$ 0.001
Subsequent Event [Member] | Lead Lender [Member] | 12.75% Loans Due 2019 [Member]
Subsequent Event [Line Items]
Shares issued for services (in shares)		210,000
Subsequent Event [Member] | Strategic Advisor [Member]
Subsequent Event [Line Items]
Shares issued for services (in shares)		155,000
Subsequent Event [Member] | Chief Executive Officer | Secured Debt
Subsequent Event [Line Items]
Commitment pledged, amount		$ 500,000
Eurodollar | Subsequent Event [Member] | Revolving Credit Facility | Credit Agreement Amendment Number 4 [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		4.50%
Base Rate | Subsequent Event [Member] | Revolving Credit Facility | Credit Agreement Amendment Number 4 [Member]
Subsequent Event [Line Items]
Basis spread on variable rate		3.50%