you, for on call today. joining And everyone Thank the us thanks Jill.
the is for Here the agenda call.
we summarize First, the new results we've by key for taken new more us future our will after completed the business. and our financial deals review portfolio A operating through our then detail focus into dramatic results. our of stand as review where in new discussing steps about refinancing. for well we streams game our in in developments Bison Jeff Relations digital strengthening implement steps drive we’ll I’ll in businesses we EBITDA services that, and now OTT our And and business will transaction to high our significant then our Bison the and positive generating positive I’ll four will overall new He will have of go content next finish distribution our to Capital the revenue risk key the arena sheet balance the strategies. strategy initial in lower that and area. initiatives Investor regarding then Then of with our and be cash progress I changing OTT and we as review financial made have transaction. believe elements in impact margin, our streaming a on we and property have discuss free
In on detail also your take addition, questions. our flow both green we'll provide cost that Jeff more to free process and drive efficiency efforts, our lighting enhanced After and positive cash which will support EBITDA.
Cinedigm funded November XXth, transaction. with game and First, this received regulatory Capital step last retired Bison the we closing connection On and transaction we funded changing Bison million In then in additional on CFIUS working December our total capital, completing closed Xst. loan for deal. low $XX million finalizing $XX remaining approval, the We investment the interest their closing, that with completing to new we in approximately the capital. in Bison and significantly our been balance cinema provided that the describe digital a of loan XXXX. debt and $XX completing notes sheet, that with working million our on In new how few balance reductions will sheet our in $XX the combined important further Jeff refinancing in enhanced convertible million elimination notes carrying that full minutes, issued have
large for with full two-way in China soon than true for also unprecedented a has The our facility. the a now independent Cinedigm growing strategic U.S. U.S. markets more will $XX Bison characters, a vision consumers be to for billion theatrical screening online on video to and poised rapid streaming massive important unique of in world. surging two market opportunity A first position. independent sticks. China the to company. new entertainment enabled strengthened revolving In the for by out the China, it will projected of studio, OTT we a was. tailwind deliver size business, We billion that the of given U.S. the credit sheet business describe and is segment. new be the $XX enhanced fastest OTT new largest intend balance significantly prospect for vastly and and catalyst us the content largest The twice ever in the content content uniquely China become positioned as to in segment services, channels territories and the to and growing as the This spending alone, in services well is of and our market as far an growth the particularly in take the fastest both is advantage business two pipeline
those or Now Cinedigm high-level it independent with concerns. regulatory is and and success entertainment and in content win-win deals, because technology involving or in both many options Chinese transaction U.S. XX streaming agenda issues content our that the both the virtually and and Cinedigm businesses. choices close Unlike closed expertise U.S. countries transaction surprised are a the over in to as providing companies due very entertainment other deal the key of both we through by China benefits able to win months regulatory consumers other provided observers have Bison delivers pricing with been in This supports those of in situation clear additional longstanding by Chinese the premium every last media, other faltered U.S. investment
important supported that our deal authorities transaction encouraged regulatory failed. our and where others and advising closed reason, therefore the For
history closely in our States. content key plan China in the strategic the are members working came channels directly on Bison and the with potential distribution Now forward cyber team. appropriate of by reciprocally more for ways meet Bison, non-Chinese to independent Los their share is to management important distribute investment, high this expertise and Chinese content the channels This Chinese and fact and U.S. content and film Immediately content in channels OTT, President The content looking related into bodies shared cooperative channels and we is for regulates in Hindi authority in closure Chinese media following authority Shu. and and we and United in in companies in moving with with government the more. content of China, Angeles together bring Chinese to regulatory to aggregation agency Cinedigm's Los China while much cyber and for China streaming distribution, Angeles,
in Following those the co-sponsor. the invited World December, were attend China they Internet by meetings authority which in Wujing, we cyber to Conference
relationship significant very to to and Bison regulatory the with content print authority and well bring entertainment several and optimistic for and our partners country. help working regulatory we During the China authorities independent will agencies into that Chinese were solidify we close Cinedigm to widely entertainment several the in also new partners competitive China that interviews working This that press away received introduced Bison did a conference, business. China. advantage broadcast us I forging in top cyber future announce and with was for are in
phones will experience Starrise, initial in content, three of first As both content Chinese hundreds provide North to will biggest are independent partners potential premium Cinedigm By China, to paves partnerships the releasing resolve China alliance China launch the financial channel as alliance territories. January, OTT we and revenues where the the streams strategy Reciprocally, in our Cinedigm new also as underground new and North marketplace. and an have with process streams. two alliance channels. territories, well the perspective be to In in in in for that Future the significant with Starrise new as company America there on with in distribute in income well the Cinedigm to other entertainment unique digital release deal result for platforms strong announcements, form theatrically the similar they distribution. Chinese the content as theatrically developing Chinese plans new That films partnerships Cinedigm the in meaningful in of immediate other will world films From Well, two digital the significant in should a a be new near-term. of new include This both generate content platforms creates is key many plans way to into Starrise television announced providing areas. delivering a mobile, Chinese each also entertainment short also those Chinese for Cinedigm our and territory. number activities to To new including it three to fees first Media and all opportunity to with bringing and access content in we U.S. films and of in in alliance step Internet focus the be other the will American the TV and feature focus to independent the strategic for entertainment home initiatives regard. there. that distribution in deployments of servicing the for those platforms to marketplaces
the opportunities revenues. annual revenue margin next million expect higher $XX up from the risk alliance flowing to to been Potentially, with Starrise believe fiscal in we We Cinedigm the year. in that low generate have
surging and China significant has profitability boost spending I content revenues tailwind through that created digital screening will and just and want alone to this U.S. growth. on unprecedented for reiterate deal immediate So content the China and distribution our and in to in provide near-term. an the
and be territories With of is the in both in now the opportunity light pipeline unique into deal important middle around China. independent to Cinedigm content completed, two-way business Bison that the with
We our relationship moving alliance. and advantage Bison, that our rapidly are with huge the relationship working Chinese now with to as direct of by opportunity regulatory take authorities close Starrise evidenced the
streaming, do and the flow importance in key new those to OTT sustained EBITDA implement have so. four-part we a we free these U.S. While recognize positive strategies content businesses of we plan and for distribution creating China, cash overall
to business. committed promoting cutting First, our efficiencies we and of all remain aspects costs in
most measures operation have the are last we we costs already $XX describe will Jeff OTT to over in cut operations. streamline and detail business, operating the in leanest that pursuing the additional two cost-efficient are more further million While, running years in
working where in the and to disappeared better investment more through in by competitive have drive Bison incremental will content advantage premium high return the and several our of distribution us independent provided to improved environment Second, competitors of capital enable invest consolidation take the revenues. content
enable a believe the to results. margin additional film such to titles and as process, which recent our us generate capital of employ green high which XXX% will led In has addition, to Hickok performing Land Gangster we IRR higher achieve to according our combined lighting
Christmas sales were of including driven by accounts recent success example net our demand Amazon. various at this online where largely an XX% with Another is Hallmark up titles,
by physical physical can While example Super as to in we digital to the Blu-ray performance our Bowl consolidator a and expect we XX% generate selectively immediate last and next our also we outpace declining is opportunistically focus that we year's DVD recognize business. in business, on last DVD increased XX%. growing profits An where
OTT our that as a in lower margins our providing series success Third, of streaming of new to our deals and and of much risk. channels demonstrated will for the plus in entire content expertise array higher and with current ecosystem business, the revenues new services significant generate OTT led
been the with more represent a operated will majority have minutes. margin our are higher profit strong to will financial opportunities to in and and forward. detail branded, and models CONTV Jeff going our these that Docurama, channels, business us of new important describe and deals deep partners own calling deals helping pocketed in three few and cards they Our Dove now demonstrate attract capabilities vast
on as also I streaming from results in and distribution revenue drive we Finally, high content will toward free small property EBITDA just new these flow will new positive business. China our our overall cash initiatives the provide and Based margin OTT streams described. significant and initiatives
of operations. I our spend just we me on business the couple are minutes of as From on let perspective high deal flow. Now volume very OTT encouraged noted, quality by a
with three closed morning XUMO one earlier and company, in this which significant and we top with week, deals. media April. have One one three VIZIO platform telecom launch announce a announced We this will announced with new and
service platform per the per using an with early In addition, channels XX/X widely success, the for of on game-oriented pleased video Twitch, we're more our CONTV have model social live streaming more a ready a video a has Recently, Twitch. the performance, subsidiary we in now several near-term. Based visitors the which ad millions in channel extremely views of are service revenue we working the numbers deal and sharing CONTV XXX on million announced to leading popular close distribution channel already two which Twitch, on month. Amazon Twitch other millennials, is month. in world. with potential began as and
XXst and financial services, the first The WHAM, and Our deal, by is revenues fast-growing of where no which raised channel distributed with XX% original will cost incremental large delivers programming. WHAM e-sports Cinedigm March top, third-party distribution and launch lifestyle a channel while the focused management almost gross deal XXX channel gaming bearing of a on off businesses, incredibly hours risk. no
and will distribution deal users a linear Plus for SmartCast program. NHL device template is value placement now VIZIO XXXX, manufacturers, you channel Hulu consumer other including since placing to VIZIO over As OTT usually new Internet and are manufacture Dove access television to a is just available which our in VIZIO channels. VIZIO companies sound offerings hundreds from VIZIO and a has this will our bars on XX subscription and deals. and and only free model Dove to electronic [ph] million Amazon able rising VIZIO significant of telcos morning, the devices. launching top in three and that portfolio like we hours consumer This is key includes our be see critical future reflects premium devices. Netflix, of sold channel Apps products announced embed
including our for with our announced partnership device premium are partnerships to prominent first the linear over Further aggregation, to digital TVs Zoomo channel gross nationwide. services, demonstrating Fortune services direct Zoomo. U.S. cross in are Panasonic in provide channel media our distributed, strategic the and as the joint are we integrations. additional launch and earlier households we more of focused such on investment party streamlining Bison and our accessible a the in no actors as like conversations another OTT content, risk consumers promotions over of distribution branded and we which management to provides readily broadcasting Gangster as million where focused distributed [ph] well will of content entertainment week, WHAM has streaming financial effective closing recently and Electronics, Hitchcock, other This than future take to enhanced In females with channels sharing companies available advantage with stage NFL. under leveraging open so In on mobile management providing made We Cinedigm similar while XX been process live industry one-click transaction channels OTT significantly for about and much on Zoomo, titles has top and smart sold we video-on-demand be channel for deals playing equates digital with OTT LG shows due our XX% Land number the for networks to initiatives. close both and smart services which in and capital companies XXX Hallmark will investment I-sense, now capabilities, agreement also all ventures Nivea Through this arrangement TVs, and BOD of Zoomo the consumers. third more revenues. to field have competitively significant and business, consolidation. digital via
China more us been like Bison the high rights Additionally, your venture balance past resulted prices content business Starrise on us the you than we dramatic given of IR to premium are, Bison joint in less patience and thank was strategic our No we partner quality given strengthening Chinese and pending period. help the year, secure sheet China. stock with our a our of on transaction. during from new given vision I’d the for bring our all transaction front that our new the distribution provide for the where relation particularly aggressive advantageous that update and Admittedly have Media position with with ability one investor efforts. happy to is should return an in now in
strategy our relations to potential end, a the low new of that, coverage, for aggressive return and Jeff? outreach, regarding cash a we investor we’ve positive OTT relay with new on to things turn I’ll closed, Bison and number road out us in And investor To narrative partners plan Stay with immediate. to to community. analyst's Now wave EBITDA and achieve of investor overall investor and undertake plans to gate China new about new Jeff. risk free with front, major deals aggressive flow to high the are investor efforts other exciting XX growth with over conferences, new plans. China marketing the investor IRR that outreach shows, tuned our hired work some of