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Dear Stockholders, Cinedigm put together a remarkable series of accomplishments over the last fiscal year, completing the Company’s business transformation by solidifying our unique position as a key player in the explosively growing OTT/streaming business. Here’s what we accomplished this year: First, we developed several new streaming channels including Comedy Dynamics and The Bob Ross Channel to build our portfolio to 16 premium streaming channels either launched or under contract to launch. We will soon be at 20 channels and plan to get to 30 in the next 18 months. This gives Cinedigm a large, meaningful and growing channel share on the program guide for every key streaming platform and device. Most of these new channels will be set up in a similar fashion to our recent Bob Ross, All 3 Media,, Team Whistle and LiveXLive channel deals, where we partnered with established branded entertainment companies that bring huge amounts of content to the table and then we operate and launch with our major distribution partners like Roku, Amazon, Tubi, and Samsung. We have a robust deal pipeline of these potential premium new partners and channels now because we have clearly established Cinedigm as the “go to” independent streaming company that can employ our state-of-the-art proprietary Matchpoint technology, an enormous streaming distribution platform and device reach, and a huge digital content library to help launch streaming channels across the entire OTT ecosystem. We can do all that quickly, cost effectively and with almost ubiquitous distribution potential on every device and platform. The quality of the business partners reflected in our new channel deals clearly demonstrates that the entertainment industry understands the advantages of doing business with Cinedigm in the exploding streaming space. Second, in the last year we generated very significant growth in our ad supported streaming business, a segment estimated to be a $27 billion market in the US alone and growing at 30% a year. We grew our ad- supported viewership from essentially zero viewers 15 months ago to 4.5 million monthly viewers in October 2019 to 9.7 million viewers in March 2020. That was an increase of 116% in 5 months. In the fiscal quarter ended June 30, 2020, we increased our viewership over the prior quarter by another 93% with 32 million monthly unique viewers during the quarter. We are generating these explosive results in ad- supported viewership through the growth of our premium channel portfolio and our extremely strong distribution on connected TV’s, where we have deals in place for embedded channels with key OEM’s and streaming device technology companies like Samsung, Vizio, Roku and Vewd. This fueled ad-based revenue growth by 466% over the prior year. Obviously, the stay-at-home environment we currently find ourselves in has also accelerated this growth tremendously, creating a once-in-a-generation catalyst that is vastly increasing the dramatic and permanent cord-cutting consumer shift to streaming. Third, in the last year we dramatically expanded our distribution reach both in the number of streaming devices and platforms for our channels and our geographic footprint. Through deals with Samsung, Vizio, Amazon IMDb, Freecast’s Select TV and Vewd, among many others, we now have distribution reach into over 800 million devices and are rapidly expanding our territorial footprint overseas. Fourth, over the last year we continued to be an effective “go to” distributor of independent film and TV content for premium brands like Hallmark and the NFL. We have been particularly focused on aggregating and distributing thousands of titles to the key streaming platforms like Netflix and Amazon and Hulu given the huge demand for premium content we are seeing from both existing and newly launched platforms that need a high volume of fresh digital content to keep pace competitively and keep up with the record cord cutting now happening around the globe. As expected in this environment, we generated tremendous results in our digital licensing business in the first quarter of fiscal year 2021, with sales billings up 35%, our strongest performance in over 5 years. Fifth, our financial results for fiscal year 2020 clearly began to reflect the significant strides we have made to rapidly expand our streaming business. As we transition away from our legacy Digital Cinema business, which we expect will be largely phased out over the next two fiscal years, we are clearly scaling up to be a “must have” portfolio of channels, technology, content and services for any streaming platform. Our momentum continues to accelerate, and we are moving to become a pure streaming company with sustainable profitability. We also streamlined our cost structure tremendously during the year as we continued to transition from our legacy business to the much more operationally efficient, high margin streaming business. We reduced total operating costs by over $15 million, and much of the overhead savings in that total have yet to be reflected on a full year basis, which should greatly benefit our FY2021 results. In addition, we closed many significant new deals after February 2020 with the likes of Team Whistle, Bob Ross, Vewd, and Amazon/IMDB among many others that were not reflected in our FY 2020 results at all and will generate revenues and profits in the 2021 Fiscal Year.. Therefore, we feel extremely positive about our drive to full year profitability in FY 2021 and the prospect of sustainable profits beyond that as well. Finally, in the last year we made significant progress regarding China, where our long term goal is to distribute content and streaming channels bi-laterally into China and the US, by far the 2 biggest entertainment markets in the world with over $200 billion in combined revenues in that segment. We believe over the long term this initiative will create a unique competitive business opportunity and value proposition for the Company. Additionally, during the last quarter of fiscal 2020, we closed a transaction to acquire approximately 26% of the outstanding equity of leading Chinese entertainment company Starrise Media, listed on the Hong Kong stock exchange, in an all-stock transaction. This investment gave us a “ boots on the ground “ content, streaming and distribution partner in China. This will give us the unique ability to directly monetize content and launch streaming channels in both China and North America. In summary, we had a remarkable year at Cinedigm: we solidified our position as a unique independent streaming company rapidly building out our premium channel portfolio and our streaming device, platform and geographic reach and delivering thousands of hours of digital content to the entire streaming ecosystem, which continues its unprecedented and explosive growth. Our immediate and long term financial prospects look bright, and our massive increase in viewership, our significant cost streamlining and all the new high potential channel and distribution deals we closed after February, 2020 underscore that we are on a path to profitability in this current fiscal year that will be sustainable. We want to thank our Board of Directors for their continued support and guidance, our employees for their continued efforts to build our business, and, of course, our stockholders for their continuing support. Best, Christopher J. McGurk Chairman of the Board and Chief Executive Officer UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: March 31, 2020 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-31810 ___________________________________ Cinedigm Corp. (Exact name of registrant as specified in its charter) __________________________________ Delaware 22-3720962 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 237 West 35th Street, Suite 605, New York, NY 10001 (Address of principal executive offices) (Zip Code) (212) 206-8600 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered CLASS A COMMON STOCK, PAR VALUE $0.001 PER SHARE CIDM NASDAQ GLOBAL MARKET Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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