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Cinedigm reported strong growth in its streaming business during the fourth quarter, with streaming/digital business accounting for 75% of total revenues. The company also significantly reduced its debt and achieved its strongest ever balance sheet position.
Streaming channel revenues increased by 197% year-over-year.
Ad-supported streaming channel revenues grew by 331% year-over-year.
Subscription streaming channel revenues increased by 117% year-over-year.
The company reduced its debt significantly and has a strong balance sheet.
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