The company added 200,000 paid subscribers in its most recent quarter, which is all the more impressive considering how much content it offers for free. That’s a lofty comparison for any company to aspire to, but Cinedigm has been highly successful so far. The executive claimed that only around 3% of all global content is available on the major streaming services and that he wanted to provide a place for users to access the other 97% of shows and movies out there, to become “the Spotify of independent film & TV.” In that time, he said he hoped to see Cineverse add “hundreds of thousands” of new titles. McGurk struck an even more ambitious tone when discussing the amount of content he hoped to see the company stream in the next 30 months. The CEO singled out anime, Asian content, and independent films as genres he thought Cinedigm could make meaningful investments in. McGurk told shareholders in the letter that he saw enormous growth potential for Dove Channel and similar programming, and that the company would look to make similar acquisitions in the near future. As a whole, the company reported 1.2 million paid subscribers in its 2023 fiscal third quarter, which ended in December.

Earlier this week, Cinedigm acquired a pair of faith-based online platforms in order to add even more content and functionality to the Dove Channel.

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