upfront consideration will be paid with $10 million of cash
from Cinedigm's balance sheet and $4 million of Cinedigm stock
issued at the trailing 10 day volume weighted average price.
acquisition is expected to close by 20 April.
Cinedigm Chairman and CEO Chris McGurk, "Cinedigm is
now a fully integrated distributor of independent films and
specialty content. Over the past year, we have analyzed many
companies in the digital distribution space for home and mobile
entertainment and determined that New Video is the best partner