INVESTOR PRESENTATION March 2018 DISCLAIMER Statements included in this presentation, which are not historical in nature, are forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward‐looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects'', "anticipates'', "intends'', "plans'', “could”, “might”, "believes'', “seeks”, "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which maybeprovidedby Cinedigm’s management, are also forward‐looking statements as defined by the Act. Forward‐looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cinedigm, its technology, economic and market factors and the industries in which Cinedigm does business, among other things. These statements are not guarantees of future performance and Cinedigm has no specific intention to update these statements. This presentation shall not constitute an offer to sell nor the solicitation of an offer to buy the common stock nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. Additional Information Please see Cinedigm's Forms 10‐K and 10‐Q and other forms filed with the Securities and Exchange Commission for additional information on Cinedigm. Nasdaq: CIvDM 2 A COMPELLING INVESTMENT THESIS Cinedigm is the leading independent entertainment studio, strongly positioned in the high growth Global $65 billion streaming OTT business First US/China OTT Industry Pioneering Deep Content Leading Independent Experienced Independent Studio Expertise and Leadership Rights Library Multi‐Channel Distributor Management Team Library of over 50,000 film in North America and TV episodes for top suppliers and producers Nasdaq: CIvDM 3 MARKET AND COMPANY OVERVIEW $65B Market • Global market for OTT TV & Video is expected to be $65B by 2021 • China and the US are the two largest and fastest growing markets with China being 2X the size of the US • China is a dramatically underserved market for independent film, television and short form content Cinedigm has emerged • China market expected to increase 4X to $12.2B by 2020 and leap again to $33B by 2022 as a leader in the fast‐growing over‐the‐top (OTT) channel $69.6M—TTM Revenue • A pioneer in the transformation of movie distribution business, releasing independent from traditional analog files to digital • Legacy cinema business is declining as we transition to a leading content and managing distributor of digital content • Digital entertainment business operates independently from legacy a massive library of titles across business and is expected to accelerate exponentially as a result all major digital, physical, of our first‐mover advantage in China in‐home and mobile platforms Opportunity • Cinedigm is uniquely positioned to capture a significant portion of the OTT TV & Video market in China and North America • Two‐way pipeline of independent content and channels to/from China Nasdaq: CIvDM 4 BISON AND CINEDIGM: A TRANSFORMATIVE TRANSACTION Cinedigm is now the first Bison Capital recently completed a $40 million majority China/US independent studio, investment in Cinedigm based on the growth upsides that our unique independent content and OTT capabilities delivering content and OTT can generate in the US and booming China entertainment channels and services to marketplaces the fastest growing segment • Hong Kong‐based investment firm of the business • Invests primarily in media and entertainment, healthcare, and financial service industries • Major force in the high growth Chinese entertainment marketplace through a series of important acquisitions • Seeks to drive value through market consolidation and international opportunities Nasdaq: CIvDM 5 BISON AND CINEDIGM: IMMEDIATE BENEFITS Improved Financial Position • Cash proceeds partially used to repay $46.3M of CIDM convertible notes, which was immediately accretive to earnings — Total debt reduced by 40% to $70.4M — Reduces annual carrying costs by ~$2.5M Expected to generate Provides Unique Strategic Access to China Market and Content new and significant with Regulatory Support • Cinedigm is working closely with Chinese regulatory authorities to reciprocally revenue and profit deliver a high volume of independent content and new OTT channels in China and for Chinese content in the US streams via distribution • Alliance announced in January 2018 with leading Chinese entertainment company Starrise Media to release content to under‐served Chinese audiences theatrically fees, subscription fees and digitally and to release Chinese content in the US. First releases expected in 2018 and advertising fees Provides Capital to Support Growth Nasdaq: CIvDM 6 BISON CAPITAL PROVIDES STRATEGIC & OPERATIONAL BENEFITS Bison Capital Strategic Benefits Operational Benefits provides Access to distribute content/channels High profile transaction Leverage existing overhead Acquire higher profile & margin content in China and Chinese content/channels and association with Bison and infrastructure rights in multiple territories in North America Capitalize on Bison’s existing Creates unique China‐US media Access to key new revenue streams Expansion of TAM; can offer existing relationships and partners and entertainment platform in China and the US content in new markets Nasdaq: CIvDM 7 CHINA EXPECTED TO DRIVE GROWTH IN ASIA “OTT” MARKET OTT TV & Video Revenues by Country in Asia Region Cinedigm and Bison Capital $ in millions are developing further plans to build $24,414 our business in China 50% OTT Asia revenues estimated to be $24.4B by 2022 Asia Growth of 3x $12,222 of total —tripling from $8.3B in 2016 China is expected to represent $12.2B, or 50% $8,268 of Asia’s total OTT revenue by 2022 China Growth $4,409 —4X the $3B of revenue in 2016 $3,025 of 4x $2,589 China is estimated to one‐half of total Asia revenue by 2022 2016 2022E Source: Digital TV Research July 2017 Others India Australia S. Korea Japan China Nasdaq: CIvDM 8 CINEDIGM’S CHINA STRATEGY Leverage our unique position to become the first US/China independent studio, delivering content and OTT channels/service to the fastest growing segment of the business Drive profitable, incremental revenue in China and the US Completed transformative Continue to establish partnerships and implement Signed first alliance business transaction and initiatives that enable the bilateral distribution with Starrise Media financing with Bison Capital of content in China and North America Established critical relationship Expect to add annual incremental Key milestones for FY2019 with Chinese Cyber Authority revenue of ~$15M from • Momentum with Starrise Media for reciprocal distribution the release of 2 to 3 new films • Distribution of two to three films and +/‐ 50 digital of content and over 50 digital releases releases in China beginning in calendar 2018 • Several hundred Chinese content releases in US home entertainment market Q3 FY2018 Q4 FY2018 Q1 FY2019 Q2 FY2019 Nasdaq: CIvDM 9 ENTERTAINMENT: OTT STRATEGY Our OTT business provides higher‐margin, custom content solutions for telco, cable, media, technology and entertainment companies Four Key Lines of OTT Business Content Aggregation Services Managed OTT Channel Services 1 • Customized premium content library services 3 • Comprehensive technology and services • Customers include—Netflix, Amazon, Hulu, for entertainment companies Verizon, Intel • Customers—Wham, LiveXLive, JungoTV Linear & Streaming Networks Owned & Operated OTT Networks 2 • Low‐cost, broadcast‐quality, linear networks, 4 • Operate branded, multi‐platform OTT networks expanding customer value, engagement that reach affinity audiences —reducing costs for traditional and vMPVPDs • OTT Networks—CONtv, Dove Channel • Networks—CONtv, Creepcon, Docurama, DoveNow, (including Dove NOW and Dove KIDS), Docurama Dove Kids, plus bespoke networks Nasdaq: CIvDM 10 ENTERTAINMENT: EXPANDING OTT REACH AND SCALE • Advertising and subscription‐supported channel targeting families and faith‐driven audiences • Partnership with Dove Foundation –known for its Dove Seal of Approval on family‐friendly movies • All content meets the guidelines of the Dove Foundation • Features movies and TV episodes from Cinedigm’s library, as well as acquired content and original programming Our targeted, proprietary • Advertising and subscription‐supported channel catering to pop‐culture enthusiasts channels are scaling rapidly seeking sci‐fi, horror, fantasy and grindhouse • One of the largest OTT channels available with over 2,200 hours of content, 4 new original programs at launch and hundreds of hours of fan event coverage, contests, etc. Over 6 Million App Installs, • Partnership with Twitch, the largest producer of online gaming content 1 Million Registrations • Free‐to‐consumer advertising‐supported channel & subscription model on Amazon • Hundreds of award‐winning documentary films and non‐fiction television episodes & 90K Subscribers • High quality selection and thoughtful curation of content Coming Soon Nasdaq: CIvDM 11 LINEAR STREAMING OTT CHANNELS Our linear streaming