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{{Short description|Media company in Los Angeles, USA}} |
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{{Infobox company |
{{Infobox company |
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| name = GoDigital Media Group |
| name = GoDigital Media Group |
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| logo = |
| logo = |
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| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang|[code]|[name]}} instead. --> |
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| image = |
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| native_name = |
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| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang|[code]|[name]}} instead. --> |
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| romanized_name = |
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| former_name = |
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| type = [[Privately held company|Private]] |
| type = [[Privately held company|Private]] |
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| traded_as = |
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| industry = {{unbulleted list|Entertainment| Digital Media Technologies}} |
| industry = {{unbulleted list|Entertainment| Digital Media Technologies}} |
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| genre = |
| genre = <!-- Only used with media and publishing companies --> |
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| foundation = [[Santa Monica, California]] (2005) <!-- City, Country ({{start date|YYYY|MM|DD}}) --> |
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| fate = |
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| founders = {{unbulleted list|[[Jason Peterson]]| [[Logan Mulvey]]|Dave Lindsay}} |
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| predecessors = <!-- or: | predecessor = --> |
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| defunct = <!-- {{end date|YYYY|MM|DD}} --> |
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| foundation = [[Santa Monica, California]] (2005) <!-- City, Country ({{start date|YYYY|MM|DD}}) --> |
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| founders = {{unbulleted list|[[Jason Peterson]]| [[Logan Mulvey]]|Dave Lindsay}} |
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| defunct = <!-- {{end date|YYYY|MM|DD}} --> |
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| locations = <!-- Number of locations --> |
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| area_served = |
| area_served = |
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| key_people = {{unbulleted list| |
| key_people = {{unbulleted list|Jason Peterson|Barry Daffurn|Manfred Van Ursel|Hunter Paletsas}} |
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| num_employees = 1250+ |
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| subsid = {{unbulleted list|AdShare| [[Cinq Music Group|Cinq Music]] | ContentBridge| [[GoDigital]] (2008 - 2014)<ref>{{cite web | title=Sundance: GoDigital & Variance Films Merging, Re-Branding As Amplify – Deadline | website=Deadline – Hollywood Entertainment Breaking News | date=15 January 2014 | url=https://deadline.com/2014/01/godigital-variance-films-merging-re-branding-as-amplify-664917/ | access-date=2019-10-26}}</ref> |Media Aggregators|Latido Networks|mitu'|Sound Royalties|[[YogaWorks]]}} |
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| brands = |
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| homepage = {{URL|www.godigitalmg.com}} |
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| production = |
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| footnotes = 4712 Admiralty Way, Marina Del Rey, Ca 90292 United States |
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| services = |
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| intl = <!-- Use "true" or "yes", otherwise omit --> |
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| revenue = |
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| aum = <!-- Only for financial-service companies --> |
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| equity = |
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| owners = <!-- or: | owner = --> |
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| num_employees = 60 |
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| parent = {{nobr|GoDigital{{wbr}} Media{{wbr}} Group}} |
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| divisions = |
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| subsid = {{unbulleted list|AdShare| Cinq Music| ContentBridge| GoDigital|Media Aggregators}} |
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| homepage = {{URL|www.godigitalmg.com}} |
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| footnotes = 233 Wilshire Santa Monica, CA 90401 United States |
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| intl = <!-- Use "true" or "yes", otherwise omit --> |
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}} |
}} |
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'''GoDigital Media Group''' (GDMG) is a diversified multi-national conglomerate founded in 2006 by Jason Peterson and headquartered in Los Angeles. GDMG focuses on [[digital rights management|intellectual property rights management]] through divisions in music, video networks, and brands (commerce).<ref name="GoDigital Media Group">{{Cite web |title=GoDigital Media Group |url=https://godigitalmg.com/ |access-date=2022-05-26 |website=GoDigital Media Group |language=en-US}}</ref> CEO Jason Peterson's “Content is King” philosophy for GoDigital closely resembles that of Sumner Redstone, the 80's media mogul that grew his father's drive-in theater business into a content-centric empire that included Viacom, Paramount Pictures and CBS.<ref name="Music Business Worldwide">{{cite news |date=19 May 2021 |title=GoDigital's Jason Peterson: 'We have a vision for a billion-dollar balance sheet of music rights.' |work=Music Business Worldwide |url=https://www.musicbusinessworldwide.com/jason-peterson-godigital-cinq-we-have-a-vision-for-a-billion-dollar-balance-sheet-of-music-rights/ |access-date=14 January 2022}}</ref> |
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'''GoDigital Media Group''' (GDMG) is a California-based [[Show business|entertainment industry]] technology company founded in 2005. The company started as an entertainment industry holding company, eventually expanding to be a media and technology company. GDMG focuses on [[digital rights management|intellectual property rights management]] and [[digital distribution]] of entertainment content through its business units.<ref name="GD Screendaily"/> |
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==Background== |
==Background== |
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GoDigital Media Group |
GoDigital Media Group was founded by CEO and Chairman Jason Peterson in 2006 as a digital music distributor.<ref name="GoDigital Music History" /><ref name="Mulvey Screen Daily" /><ref name="Symbolic Entertainment" /> |
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In 2007 GDMG created a division named AdShare, the first social media monetization business identifying, tracking, and monetizing rights on YouTube.<ref>{{Cite web |title=Good Questions...with Cameron Dole |url=https://www.listennotes.com/podcasts/good-questionswith-cameron-dole-cameron-dole-S9e3Is7A6CG/ |access-date=2022-05-26 |website=Listen Notes |language=en}}</ref><ref>{{Cite web |title=5-17-22 The Songwriter Show Jason Peterson - The Songwriter Show (podcast) |url=https://www.listennotes.com/podcasts/the-songwriter-show/5-17-22-the-songwriter-show-zN9B26JvtOE/ |access-date=2022-05-26 |website=Listen Notes |date=17 May 2022 |language=en}}</ref> |
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In a 2008 reorganization, the firm created a subsidiary, under the shortened name [[GoDigital]], which specializes in digital and video on demand movie distribution.<ref name="blogs.wsj"/> GoDigital's CEO [[Jason Peterson]] headed an in-house software development effort for digital supply-chain and rights management that became ContentBridge. Peterson assumed the position of CEO for ContentBridge Systems upon incorporation in 2010, and co-founder Logan Mulvey moved from President to CEO at GoDigital.<ref name="Reuters GoDigital CEO" /> In 2018 Content Bridge's CEO, Jason Peterson was named as a 'top 40 under 40 power player' for 2018 by both Billboard magazine and Media Play News.<ref>{{Cite web|url=https://www.billboard.com/articles/business/8480402/40-under-40-music-industry-power-players-2018-full-list|title=40 under 40 music industry power player 2018 full list|last=|first=|date=October 18, 2018|website=Billboard Magazine|archive-url=|archive-date=|access-date=}}</ref><ref>{{Cite web|url=https://www.mediaplaynews.com/40-under-40-in-home-entertainment-2018/|title=40 Under 40 In Home Entertainment 2018|last=|first=|date=October 28, 2018|website=Media Play News|archive-url=|archive-date=|access-date=}}</ref> GDMG's label was subsequent rebranded Cinq Music specializing in music distribution and rights management for recording artists. |
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In 2008, Peterson and GDMG created a digital video division eponymously named [[GoDigital]], inc, that specialized in digital movie distribution.<ref name="blogs.wsj" /> In January 2012, GoDigital, inc acquired Might Entertainment for its 800 film catalog creating a combined company with over 1,100 titles.<ref>{{Cite web |last=Miller |first=Daniel |date=2012-01-10 |title=GoDigital Distributor Acquires VOD Firm Might Entertainment |url=https://www.hollywoodreporter.com/business/business-news/godigital-might-entertainment-vod-firm-280024/ |access-date=2022-05-26 |website=The Hollywood Reporter |language=en-US}}</ref> In August, 2012 [[GoDigital|GoDigital, Inc.]] was majority sold to Preferred Ventures who made a control investment.<ref>{{Cite web |last=Kay2012-08-02T23:52:00+01:00 |first=Jeremy |title=Preferred Ventures buys into digital distributor GoDigital |url=https://www.screendaily.com/preferred-ventures-buys-into-digital-distributor-godigital-/5044983.article |access-date=2022-05-26 |website=Screen |language=en}}</ref> Preferred Ventures then merged GoDigital inc with [[Variance Films]] in January 2014, forming a new theatrical movie distribution entity, [[Amplify (distributor)|Amplify]].<ref>{{Cite web |last=Kit |first=Borys |date=2014-01-15 |title=GoDigital and Variance Films Merge to Form Amplify |url=https://www.hollywoodreporter.com/business/business-news/godigital-variance-films-merge-form-671282/ |access-date=2022-05-26 |website=The Hollywood Reporter |language=en-US}}</ref><ref>{{Cite web |last=Fleming |first=Mike Jr. |date=2012-08-02 |title=Preferred Ventures Invests In GoDigital |url=https://deadline.com/2012/08/godigital-preferred-ventures-in-funding-deal-312733/ |access-date=2022-05-26 |website=Deadline |language=en-US}}</ref> |
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GoDigital merged with [[Variance Films]] in January 2014, forming a new distribution entity, [[Amplify (distributor)|Amplify]]. GoDigital has distribution deals with [[YouTube]], [[Netflix]], [[Hulu]], [[Amazon.com|Amazon]] and [[iTunes]].<ref name="GoDigital Dists"/> Video on demand partners include [[Comcast]], [[Time Warner Cable]] and [[Verizon FiOS]].<ref name="GoDigital Dists"/> |
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In 2010, [[Jason Peterson|Peterson]] and GDMG commercialized their ContentBridge platform to offer cloud based digital supply chain and rights management under a SaaS model to major movie studios and networks.<ref name="Reuters GoDigital CEO" /><ref>{{Cite web |last=News |first=MESA |date=2016-02-09 |title=ContentBridge Develops Automated Delivery Channel for Proximus TV and Studio 100 |url=https://www.mesaonline.org/2016/02/09/belgiums-proximus-tv-studio-100-look-to-contentbridge/ |access-date=2022-05-26 |website=Media & Entertainment Services Alliance |language=en-US}}</ref><ref>{{Cite web |title=ContentBridge Helps Studio 100 Make The Big Move |url=https://www.prweb.com/releases/2018/06/prweb15578197.htm |access-date=2022-05-26 |website=PRWeb}}</ref> In 2014, ContentBridge won the 2014 [[Entertainment Merchants Association|Entertainment Merchant Association's]] “Industry Leadership” Digital Award for software support for the [[SMPTE]] Interoperable Master Package (IMP), [[CableLabs]] and [[UltraViolet (website)|UltraViolet]] digital supply chain standards.<ref name="HomeMedia Digi" /><ref name="GamePol Digi" /> |
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==Services== |
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'''[http://producers.wiki/wiki/AdShare AdShare]''' is a social media (primarily YouTube content) monetization service for entertainment industry rights-holders.<ref name="USC FAM Project" /> |
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In 2012, GDMG's music distribution business was rebranded [[Cinq Music Group|Cinq Music]] and the mandate was broadened to include distribution, publishing and record label activities.<ref>{{Cite web |title=GoDigital Media Group Fuels Cinq Music With Additional Funding in Series A |url=https://www.prweb.com/releases/2015/03/prweb12571257.htm |access-date=2022-05-26 |website=PRWeb}}</ref> |
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'''[http://producers.wiki/wiki/ContentBridge ContentBridge]''' (Content Bridge LLC) is a [[supply chain management]] (SCM), [[digital rights management]] (DRM), and encoding software provider for the entertainment industry.<ref name=Variety /> Content Bridge won the 2014 [[Entertainment Merchants Association|EMA]]'s "Industry Leadership" Digital Award for software support for the [[SMPTE]] Interoperable Master Package (IMP), [[CableLabs]] and [[UltraViolet (system)|UltraViolet]] digital supply chain standards.<ref name="HomeMedia Digi"/><ref name="GamePol Digi"/> |
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In 2016, GDMG's AdShare unit acquired Primo Media to create VidaPrimo, the then largest Latin music only multi-channel network.<ref>{{Cite web |title=AdShare Acquires Primo Media In $3.5 Million Deal |url=https://www.prweb.com/releases/2015/08/prweb12886231.htm |access-date=2022-05-26 |website=PRWeb}}</ref><ref>{{Cite web |title=AdShare Launches VidaPrimo.com - Premier Latin Music Platform Rated #4 by comScore |url=https://www.prweb.com/releases/2015/08/prweb12896841.htm |access-date=2022-05-26 |website=PRWeb}}</ref> |
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== References == |
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{{Reflist |2 |refs = |
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In 2017, GDMG created Latido Music as a free ad-supported linear Latin music television channel<ref name=":0">{{Cite web |last=Goldfish |date=2019-06-14 |title=VidaPrimo Launches Latido Music {{!}} Creative Content Wire |url=https://www.creativecontentwire.com/vidaprimo-launches-television-network-latido-music/ |access-date=2022-05-26 |language=en-US}}</ref> |
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<ref name="GD Screendaily">{{cite web|last1=Kay|first1=Jeremy|title=Logan Mulvey, GoDigital|url=http://www.screendaily.com/logan-mulvey-godigital/5045865.article|publisher=[[Screendaily]]|accessdate=27 September 2014|archiveurl=https://web.archive.org/web/20140927051103/http://www.screendaily.com/logan-mulvey-godigital/5045865.article|archivedate=27 September 2014|date=30 August 2012|quote=The CEO of digital distributor GoDigital talks to Screen about striking deals with film-makers to make the fast-evolving online space pay.}}</ref> |
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===Acquisitions and Growth=== |
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<ref name="GoDigital Music History">{{cite web|title=CORRECTING and REPLACING GoDigital Licenses Content to Qtrax; Next Generation Record Label Endorses Qtrax for Ad-Supported P2P Digital Distribution|url=http://www.businesswire.com/news/home/20060919006230/en/CORRECTING-REPLACING-GoDigital-Licenses-Content-Qtrax-Generation#.VCZRu2ddX7Y|publisher=BusinessWire - Brilliant Technologies Corporation|accessdate=27 September 2014|date=19 September 2006}}</ref> |
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Starting in 2017: |
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* GDMG invested $20 million into its Cinq Music division, hired rap mogul [[Master P]] to be President of Urban Music<ref>{{Cite web |date=2017-10-23 |title=No Limit founder Master P joins Cinq Music as President Of Urban Music |url=https://www.musicbusinessworldwide.com/no-limit-founder-master-p-joins-cinq-music-president-urban-music/ |access-date=2022-05-26 |website=Music Business Worldwide }}</ref> and acquired 3x Grammy Award-winning rapper [[T.I.]]'s catalog from Warner Music Group.<ref>{{Cite magazine |last=Rys |first=Dan |date=2017-11-09 |title=Cinq Music Acquires T.I. Catalog, Plans 'Paper Trail' Reissue: Exclusive |url=https://www.billboard.com/music/rb-hip-hop/cinq-music-acquires-ti-catalog-greatest-hits-album-exclusive-8031071/ |access-date=2022-05-26 |magazine=Billboard }}</ref><ref>{{Cite magazine |last=Cobo |first=Leila |date=2017-08-11 |title=Cinq Music to Expand Latin Operation With $20 Million Infusion From GoDigital |url=https://www.billboard.com/pro/cinq-music-to-expand-latin-operation-with-20-million-infusion-from/ |access-date=2022-05-26 |magazine=Billboard }}</ref> |
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<ref name="blogs.wsj">{{cite news|last=Kung|first=Michelle|title=GoDigital Ramps Up Digital Distribution Plans|url=https://blogs.wsj.com/speakeasy/2012/01/11/godigital-ramps-up-digital-distribution-plans/|accessdate=22 April 2013|newspaper=The Wall Street Journal|date=11 January 2012|archivedate=9 December 2014|archiveurl=https://web.archive.org/web/20141209200009/https://blogs.wsj.com/speakeasy/2012/01/11/godigital-ramps-up-digital-distribution-plans/}}</ref> |
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In 2018: |
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<ref name="Mulvey Screen Daily">{{cite news|last1=Kay|first1=Jeremy|title=Logan Mulvey, GoDigital|url=http://www.screendaily.com/logan-mulvey-godigital/5045865.article|accessdate=9 December 2014|publisher=[[Screen Daily]]|date=30 August 2012}}</ref> |
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* GDMG subsidiary Cinq Music signed Janet Jackson to a record deal and released the single "[[Made for Now]]" featuring [[Daddy Yankee]]<ref>{{Cite magazine |last=Cobo |first=Leila |date=2018-08-16 |title=Janet Jackson & Her Rhythm Nation Records Partner With Cinq Music For New Indie Release: Exclusive |url=https://www.billboard.com/pro/janet-jackson-cinq-music-recording-label-deal-daddy-yankee/ |access-date=2022-05-26 |magazine=Billboard }}</ref> |
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<ref name="USC FAM Project">{{cite web|last1=Huang|first1=Chun-Ting|title=MCL and AdShare Developed Fast Audio Matching Technology|url=http://mcl.usc.edu/news/2014/04/06/mcl-and-adshare-developed-fast-audio-matching-technology/|publisher=[[University of Southern California|USC]]|accessdate=26 September 2014|archiveurl=https://web.archive.org/web/20140926191929/http://mcl.usc.edu/news/2014/04/06/mcl-and-adshare-developed-fast-audio-matching-technology/|archivedate=26 September 2014|date=6 April 2014|quote=The joint R&D team has continuously worked on system performance optimization to meet real-time processing requirements. The team also keeps developing a more advanced technique that handles sounds distorted by other methods such as pitch shifts, white noise, and instrument swaps.}}</ref> |
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In 2019: |
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<ref name="GoDigital Dists">{{cite web|last1=Gruenwedel|first1=Erik|title=Indie Distributor Inks YouTube Streaming Deal|url=http://www.homemediamagazine.com/youtube/indie-distributor-inks-youtube-streaming-deal-23665|publisher=''[[Home Media Magazine]]''|accessdate=10 December 2014|archiveurl=https://web.archive.org/web/20141210042825/http://www.homemediamagazine.com/youtube/indie-distributor-inks-youtube-streaming-deal-23665|archivedate=10 December 2014|date=14 April 2011|quote=Santa Monica, Calif.-based GoDigital said it would supply about 2,000 hours of movies and TV programming to YouTube. The distributor has similar deals with Netflix, Hulu, Amazon and iTunes, in addition to VOD agreements with Comcast, Time Warner Cable and Verizon FiOS.}}</ref> |
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* GDMG invested another $40 million into its Cinq Music division for music rights acquisitions to follow on to existing Latin repertoire from [[Anuel AA|Anuel]], [[Bad Bunny]], Carin Leon, [[Natanael Cano]] and others.<ref>{{Cite web |date=2019-08-13 |title=Cinq Music raises another $40m to buy music rights in masters and publishing |url=https://www.musicbusinessworldwide.com/cinq-music-raises-another-40m-to-buy-music-rights-in-masters-and-publishing/ |access-date=2022-05-26 |website=Music Business Worldwide }}</ref> |
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<ref name=Variety>{{cite web|author1=Rachel Abrams|title=Opportunity knocks for indie producers |
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|url=https://variety.com/2011/film/news/opportunity-knocks-for-indie-producers-1118033684/|publisher=[[Variety (magazine)|''Variety'']]|accessdate=24 June 2014|archiveurl=https://web.archive.org/web/20140624010715/http://variety.com/2011/film/news/opportunity-knocks-for-indie-producers-1118033684/|archivedate=24 June 2014 |date=10 March 2011|quote=“The producer should get smart and work with the best person in physical, the best person in theatrical and the best person in digital,” said Jason Peterson, CEO of ContentBridge, a company that provides tools for content-centric businesses to internally manage their work and distribute it to global partners}}</ref> |
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In 2020: |
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<ref name="Symbolic Entertainment">{{cite web|title=Symbolic Entertainment|url=http://www.backstage.com/resources/detail/productioncompany/symbolic-entertainment-69842/|publisher=BackStage.com|accessdate=15 July 2014|archiveurl=https://web.archive.org/web/20140715040257/http://www.backstage.com/resources/detail/productioncompany/symbolic-entertainment-69842/|archivedate=14 July 2014}}</ref> |
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* Cinq Music acquired the [[Beluga Heights Records|Beluga Heights Record Label]] including the catalogs of Sean Kingston and Jason Derulo for an eight figure sum.<ref>{{Cite web |date=2020-09-04 |title=Cinq Music Group acquires Beluga Heights label, including Jason Derulo catalog, in eight-figure deal |url=https://www.musicbusinessworldwide.com/cinq-music-group-acquires-beluga-heights-including-jason-derulo-catalog-in-eight-figure-deal/ |access-date=2022-05-26 |website=Music Business Worldwide }}</ref> |
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<ref name="Reuters GoDigital CEO">{{cite press release|title=GoDigital Media Group Makes Changes on Top; Promotes Logan Mulvey to President|url=https://www.reuters.com/article/2010/09/08/idUS143897+08-Sep-2010+PRN20100908|publisher=Reuters|accessdate=15 July 2014|date=8 September 2010}}</ref> |
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* GoDigital then also acquired Hispanic targeted multi-platform network mitu which along with the Latido Music channel forms the programming and production core of their networks division.<ref>{{Cite web |date=2020-02-20 |title=Latido Networks acquires social media company Mitú |url=https://latidomusic.com/latido-networks-acquires-mitu/ |access-date=2022-05-26 |website=Latido Music }}</ref><ref>{{cite news |last1=Randles |first1=Jonathan |title=Bankrupt YogaWorks Nets $9.6 Million Offer for Digital Business |url=https://www.wsj.com/articles/bankrupt-yogaworks-nets-9-6-million-offer-for-digital-business-11607644334 |access-date=14 January 2022 |work=Wall Street Journal |date=10 December 2020}}</ref> With mitu, GoDigital and its business units have access to A-level content production.<ref>{{cite news |date=20 February 2020 |title=Latido Networks acquires social media company Mitú |work=Latido Music |url=https://latidomusic.com/latido-networks-acquires-mitu/ |access-date=14 January 2022}}</ref><ref name="Music Business Worldwide" /> |
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In 2021: |
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<ref name="HomeMedia Digi">{{cite news|last1=Latchem|first1=John|title='Breaking Bad,' Amazon, Content Bridge, Disney Among EMA Digital Honorees|url=http://www.homemediamagazine.com/awards/breaking-bad-amazon-content-bridge-disney-among-ema-digital-honorees-34352|accessdate=10 October 2014|publisher=[[Home Media Magazine]]|date=9 October 2014|archiveurl=https://web.archive.org/web/20141010210032/http://www.homemediamagazine.com/awards/breaking-bad-amazon-content-bridge-disney-among-ema-digital-honorees-34352|archivedate=10 October 2014|quote=The Entertainment Merchants Association Oct. 8 presented its “Digi” Awards for outstanding achievement in digital entertainment content, retailing, leadership and innovation to Sony Pictures' “Breaking Bad,” Amazon, Content Bridge and Disney. The awards were presented at EMA’s Digital Media Pipeline at the Skirball Cultural Center in Los Angeles.}}</ref> |
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* GDMG bought YogaWorks, the largest Yoga studio business in the U.S., out of COVID- induced bankruptcy.<ref>{{Cite news |last=Randles |first=Jonathan |date=2020-12-10 |title=Bankrupt YogaWorks Nets $9.6 Million Offer for Digital Business |work=Wall Street Journal |url=https://www.wsj.com/articles/bankrupt-yogaworks-nets-9-6-million-offer-for-digital-business-11607644334 |access-date=2022-05-26 |issn=0099-9660}}</ref> The company purchased YogaWorks to transform the business model into a digital first subscription based business for health, wellness and longevity.<ref>{{cite news |title=Give yourself the gift of zen with this YogaWorks subscription |url=https://nypost.com/2021/12/16/give-yourself-the-gift-of-zen-with-a-yogaworks-subscription/ |access-date=24 January 2022 |work=New York Post |date=16 December 2021}}</ref><ref>{{cite news |last1=Store |first1=Entrepreneur |title=Start Relaxing by Practicing Yoga with YogaWorks |url=https://www.entrepreneur.com/article/403977 |access-date=24 January 2022 |work=Entrepreneur }}</ref> |
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<ref name="GamePol Digi">{{cite news|author1=Staff|title=EMA Hands Out Digi Awards to 'Breaking Bad,' Amazon, and More|url=http://www.gamepolitics.com/2014/10/10/ema-hands-out-digi-awards-breaking-bad-amazon-and-more|accessdate=10 October 2014|publisher=[[GamePolitics.com]]|date=10 October 2014|archiveurl=https://web.archive.org/web/20141010210454/http://www.gamepolitics.com/2014/10/10/ema-hands-out-digi-awards-breaking-bad-amazon-and-more#.VDhL1GcxVn1|archivedate=10 October 2014}}</ref> |
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* GDMG and MEP Capital (“MEP”) acquired Sound Royalties for high eight figures.<ref name="bb">{{cite magazine |last1=Eggertsen |first1=Chris |date=17 September 2021 |title=Sound Royalties Acquired by GoDigital, MEP Capital in 'High Eight-Figure' Deal |url=https://www.billboard.com/music/music-news/sound-royalties-acquired-godigital-mep-capital-9632274/ |magazine=Billboard |access-date=14 January 2022}}</ref><ref name="mw">{{cite news |date=13 September 2021 |title=Cinq Music parent GoDigital acquires Sound Royalties in 'high eight-figure' deal |work=Music Business Worldwide |url=https://www.musicbusinessworldwide.com/cinq-music-parent-godigital-acquires-music-finance-company-sound-royalties-in-high-eight-figure-deal/ |access-date=14 January 2022}}</ref> Peterson stated in Music Business Worldwide his plans for GoDigital. “We have a vision for a billion dollar balance sheet of rights. We are raising tremendous amounts of money right now, we have a tremendous pipeline of acquisitions. There will be more news about deals and new financing.<ref name="Music Business Worldwide" /> |
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}} |
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In 2022: |
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== External links == |
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* {{Official website}} |
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* GDMG invested another $100 million into its Cinq Music division for music rights acquisitions, bringing GoDigital's total investment in Cinq Music to $160 million.<ref>{{Cite web |date=2022-04-19 |title=Cinq Music raises $100m from parent GoDigital to buy music rights, expand internationally |url=https://www.musicbusinessworldwide.com/cinq-music-raises-100m-from-parent-godigital-to-buy-music-rights-expand-internationally/ |access-date=2022-06-26 |website=Music Business Worldwide }}</ref> |
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* GDMG's Commerce division acquired consumer brand [[Eastern Mountain Sports]] and its physical retail business alongside New England retailer [[Bob's Stores]] for $70 million.<ref>{{Cite news |editor=Ashley Armstrong |title=Frasers sells US discount brands Bob's Stores and Eastern Mountain |newspaper=[[The Times]] |url=https://www.thetimes.co.uk/article/frasers-sells-us-discount-brands-bobs-stores-and-eastern-mountain-pksdkkcm2 |access-date=2022-05-26 |issn=0140-0460}}</ref> |
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==Business Units== |
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'''Divisions''' include: Music, Video Networks, and Commerce (named GDMG Brands<ref name="GoDigital Media Group" />). Business units within divisions are: |
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'''Music''': |
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* '''AdShare''' is a social media (primarily YouTube content) monetization service for entertainment industry rights-holders.<ref name="USC FAM Project" /> |
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* '''Cinq Music''' is a distributor, label and publisher known for its Hip Hop/R&B repertoire from [[Jason Derulo]], [[T.I.]], and [[Janet Jackson]] as well as Latin repertoire from Anuel, Bad Bunny, Carin Leon, Natanel Can and others.<ref>{{cite news |date=13 August 2019 |title=Cinq Music raises another $40m to buy music rights in masters and publishing |work=Music Business Worldwide |url=https://www.musicbusinessworldwide.com/cinq-music-raises-another-40m-to-buy-music-rights-in-masters-and-publishing/ |access-date=14 January 2022}}</ref><ref>{{cite news |title=DOUG REINART NAMED COO AMERICAS OF GODIGITAL MEDIA GROUP – Cinq Music {{!}} More than music. |work=cinqmusic.com |url=https://cinqmusic.com/2020/05/doug-reinart-named-coo-americas-of-godigital-media-group/ |access-date=14 January 2022 |archive-date=14 January 2022 |archive-url=https://web.archive.org/web/20220114193620/https://cinqmusic.com/2020/05/doug-reinart-named-coo-americas-of-godigital-media-group/ |url-status=dead }}</ref> |
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* '''Sound Royalties'''.<ref name="bb" /><ref name="mw" /> |
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'''Networks:''' |
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* '''Latido Music''' as a free ad-supported linear Latin music television channel<ref name=":0" /> |
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* '''[[Mitú (entertainment)|mitu]]''' is a Hispanic targeted multi-platform network |
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* '''[[YogaWorks]]''' is an online subscription Yoga network |
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'''Commerce''': |
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* '''GoDigital Brands''' is a vertically integrated brand IP management division of GDMG that manages [[Eastern Mountain Sports]], [[Bob's Stores]], and the soon to launch line of fitness clothing, mats, blocks and straps from [[YogaWorks]]. |
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== References == |
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{{reflist|1=2|refs= |
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<ref name="GoDigital Music History">{{cite web|title=CORRECTING and REPLACING GoDigital Licenses Content to Qtrax; Next Generation Record Label Endorses Qtrax for Ad-Supported P2P Digital Distribution|url=http://www.businesswire.com/news/home/20060919006230/en/CORRECTING-REPLACING-GoDigital-Licenses-Content-Qtrax-Generation#.VCZRu2ddX7Y|publisher=BusinessWire - Brilliant Technologies Corporation|access-date=27 September 2014|date=19 September 2006}}</ref> |
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<ref name="blogs.wsj">{{cite news|last=Kung|first=Michelle|title=GoDigital Ramps Up Digital Distribution Plans|url=https://blogs.wsj.com/speakeasy/2012/01/11/godigital-ramps-up-digital-distribution-plans/|access-date=22 April 2013|newspaper=The Wall Street Journal|date=11 January 2012|archive-date=9 December 2014|archive-url=https://web.archive.org/web/20141209200009/https://blogs.wsj.com/speakeasy/2012/01/11/godigital-ramps-up-digital-distribution-plans/}}</ref> |
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<ref name="Mulvey Screen Daily">{{cite news|last1=Kay|first1=Jeremy|title=Logan Mulvey, GoDigital|url=http://www.screendaily.com/logan-mulvey-godigital/5045865.article|access-date=9 December 2014|publisher=[[Screen Daily]]|date=30 August 2012}}</ref> |
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<ref name="USC FAM Project">{{cite web|last1=Huang|first1=Chun-Ting|title=MCL and AdShare Developed Fast Audio Matching Technology|url=http://mcl.usc.edu/news/2014/04/06/mcl-and-adshare-developed-fast-audio-matching-technology/|publisher=[[University of Southern California|USC]]|access-date=26 September 2014|archive-url=https://web.archive.org/web/20140926191929/http://mcl.usc.edu/news/2014/04/06/mcl-and-adshare-developed-fast-audio-matching-technology/|archive-date=26 September 2014|date=6 April 2014|quote=The joint R&D team has continuously worked on system performance optimization to meet real-time processing requirements. The team also keeps developing a more advanced technique that handles sounds distorted by other methods such as pitch shifts, white noise, and instrument swaps.}}</ref> |
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<ref name="Symbolic Entertainment">{{cite web|title=Symbolic Entertainment|url=http://www.backstage.com/resources/detail/productioncompany/symbolic-entertainment-69842/|publisher=BackStage.com|access-date=15 July 2014|archive-url=https://web.archive.org/web/20140715040257/http://www.backstage.com/resources/detail/productioncompany/symbolic-entertainment-69842/|archive-date=15 July 2014}}</ref> |
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<ref name="Reuters GoDigital CEO">{{cite press release|title=GoDigital Media Group Makes Changes on Top; Promotes Logan Mulvey to President|url=https://www.reuters.com/article/2010/09/08/idUS143897+08-Sep-2010+PRN20100908|archive-url=https://web.archive.org/web/20140727215921/http://www.reuters.com/article/2010/09/08/idUS143897+08-Sep-2010+PRN20100908|url-status=dead|archive-date=July 27, 2014|publisher=Reuters|access-date=15 July 2014|date=8 September 2010}}</ref> |
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<ref name="HomeMedia Digi">{{cite news|last1=Latchem|first1=John|title='Breaking Bad,' Amazon, Content Bridge, Disney Among EMA Digital Honorees|url=http://www.homemediamagazine.com/awards/breaking-bad-amazon-content-bridge-disney-among-ema-digital-honorees-34352|access-date=10 October 2014|publisher=[[Home Media Magazine]]|date=9 October 2014|archive-url=https://web.archive.org/web/20141010210032/http://www.homemediamagazine.com/awards/breaking-bad-amazon-content-bridge-disney-among-ema-digital-honorees-34352|archive-date=10 October 2014|quote=The Entertainment Merchants Association Oct. 8 presented its “Digi” Awards for outstanding achievement in digital entertainment content, retailing, leadership and innovation to Sony Pictures' “Breaking Bad,” Amazon, Content Bridge and Disney. The awards were presented at EMA's Digital Media Pipeline at the Skirball Cultural Center in Los Angeles.}}</ref> |
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<ref name="GamePol Digi">{{cite news|author1=Staff|title=EMA Hands Out Digi Awards to 'Breaking Bad,' Amazon, and More|url=http://www.gamepolitics.com/2014/10/10/ema-hands-out-digi-awards-breaking-bad-amazon-and-more|access-date=10 October 2014|publisher=[[GamePolitics.com]]|date=10 October 2014|archive-url=https://web.archive.org/web/20141010210454/http://www.gamepolitics.com/2014/10/10/ema-hands-out-digi-awards-breaking-bad-amazon-and-more#.VDhL1GcxVn1|archive-date=10 October 2014}}</ref> |
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}} |
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[[Category:Film distributors of the United States]] |
[[Category:Film distributors of the United States]] |
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[[Category:Mass media companies established in 2005]] |
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[[Category:2005 establishments in California]] |
[[Category:2005 establishments in California]] |
Latest revision as of 03:44, 18 December 2023
Company type | Private |
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Industry |
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Founded | Santa Monica, California (2005) |
Founders |
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Key people |
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Number of employees | 1250+ |
Subsidiaries |
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Website | www |
Footnotes / references 4712 Admiralty Way, Marina Del Rey, Ca 90292 United States |
GoDigital Media Group (GDMG) is a diversified multi-national conglomerate founded in 2006 by Jason Peterson and headquartered in Los Angeles. GDMG focuses on intellectual property rights management through divisions in music, video networks, and brands (commerce).[2] CEO Jason Peterson's “Content is King” philosophy for GoDigital closely resembles that of Sumner Redstone, the 80's media mogul that grew his father's drive-in theater business into a content-centric empire that included Viacom, Paramount Pictures and CBS.[3]
Background
GoDigital Media Group was founded by CEO and Chairman Jason Peterson in 2006 as a digital music distributor.[4][5][6]
In 2007 GDMG created a division named AdShare, the first social media monetization business identifying, tracking, and monetizing rights on YouTube.[7][8]
In 2008, Peterson and GDMG created a digital video division eponymously named GoDigital, inc, that specialized in digital movie distribution.[9] In January 2012, GoDigital, inc acquired Might Entertainment for its 800 film catalog creating a combined company with over 1,100 titles.[10] In August, 2012 GoDigital, Inc. was majority sold to Preferred Ventures who made a control investment.[11] Preferred Ventures then merged GoDigital inc with Variance Films in January 2014, forming a new theatrical movie distribution entity, Amplify.[12][13]
In 2010, Peterson and GDMG commercialized their ContentBridge platform to offer cloud based digital supply chain and rights management under a SaaS model to major movie studios and networks.[14][15][16] In 2014, ContentBridge won the 2014 Entertainment Merchant Association's “Industry Leadership” Digital Award for software support for the SMPTE Interoperable Master Package (IMP), CableLabs and UltraViolet digital supply chain standards.[17][18]
In 2012, GDMG's music distribution business was rebranded Cinq Music and the mandate was broadened to include distribution, publishing and record label activities.[19]
In 2016, GDMG's AdShare unit acquired Primo Media to create VidaPrimo, the then largest Latin music only multi-channel network.[20][21]
In 2017, GDMG created Latido Music as a free ad-supported linear Latin music television channel[22]
Acquisitions and Growth
Starting in 2017:
- GDMG invested $20 million into its Cinq Music division, hired rap mogul Master P to be President of Urban Music[23] and acquired 3x Grammy Award-winning rapper T.I.'s catalog from Warner Music Group.[24][25]
In 2018:
- GDMG subsidiary Cinq Music signed Janet Jackson to a record deal and released the single "Made for Now" featuring Daddy Yankee[26]
In 2019:
- GDMG invested another $40 million into its Cinq Music division for music rights acquisitions to follow on to existing Latin repertoire from Anuel, Bad Bunny, Carin Leon, Natanael Cano and others.[27]
In 2020:
- Cinq Music acquired the Beluga Heights Record Label including the catalogs of Sean Kingston and Jason Derulo for an eight figure sum.[28]
- GoDigital then also acquired Hispanic targeted multi-platform network mitu which along with the Latido Music channel forms the programming and production core of their networks division.[29][30] With mitu, GoDigital and its business units have access to A-level content production.[31][3]
In 2021:
- GDMG bought YogaWorks, the largest Yoga studio business in the U.S., out of COVID- induced bankruptcy.[32] The company purchased YogaWorks to transform the business model into a digital first subscription based business for health, wellness and longevity.[33][34]
- GDMG and MEP Capital (“MEP”) acquired Sound Royalties for high eight figures.[35][36] Peterson stated in Music Business Worldwide his plans for GoDigital. “We have a vision for a billion dollar balance sheet of rights. We are raising tremendous amounts of money right now, we have a tremendous pipeline of acquisitions. There will be more news about deals and new financing.[3]
In 2022:
- GDMG invested another $100 million into its Cinq Music division for music rights acquisitions, bringing GoDigital's total investment in Cinq Music to $160 million.[37]
- GDMG's Commerce division acquired consumer brand Eastern Mountain Sports and its physical retail business alongside New England retailer Bob's Stores for $70 million.[38]
Business Units
Divisions include: Music, Video Networks, and Commerce (named GDMG Brands[2]). Business units within divisions are:
Music:
- AdShare is a social media (primarily YouTube content) monetization service for entertainment industry rights-holders.[39]
- Cinq Music is a distributor, label and publisher known for its Hip Hop/R&B repertoire from Jason Derulo, T.I., and Janet Jackson as well as Latin repertoire from Anuel, Bad Bunny, Carin Leon, Natanel Can and others.[40][41]
- Sound Royalties.[35][36]
Networks:
- Latido Music as a free ad-supported linear Latin music television channel[22]
- mitu is a Hispanic targeted multi-platform network
- YogaWorks is an online subscription Yoga network
Commerce:
- GoDigital Brands is a vertically integrated brand IP management division of GDMG that manages Eastern Mountain Sports, Bob's Stores, and the soon to launch line of fitness clothing, mats, blocks and straps from YogaWorks.
References
- ^ "Sundance: GoDigital & Variance Films Merging, Re-Branding As Amplify – Deadline". Deadline – Hollywood Entertainment Breaking News. 15 January 2014. Retrieved 2019-10-26.
- ^ a b "GoDigital Media Group". GoDigital Media Group. Retrieved 2022-05-26.
- ^ a b c "GoDigital's Jason Peterson: 'We have a vision for a billion-dollar balance sheet of music rights.'". Music Business Worldwide. 19 May 2021. Retrieved 14 January 2022.
- ^ "CORRECTING and REPLACING GoDigital Licenses Content to Qtrax; Next Generation Record Label Endorses Qtrax for Ad-Supported P2P Digital Distribution". BusinessWire - Brilliant Technologies Corporation. 19 September 2006. Retrieved 27 September 2014.
- ^ Kay, Jeremy (30 August 2012). "Logan Mulvey, GoDigital". Screen Daily. Retrieved 9 December 2014.
- ^ "Symbolic Entertainment". BackStage.com. Archived from the original on 15 July 2014. Retrieved 15 July 2014.
- ^ "Good Questions...with Cameron Dole". Listen Notes. Retrieved 2022-05-26.
- ^ "5-17-22 The Songwriter Show Jason Peterson - The Songwriter Show (podcast)". Listen Notes. 17 May 2022. Retrieved 2022-05-26.
- ^ Kung, Michelle (11 January 2012). "GoDigital Ramps Up Digital Distribution Plans". The Wall Street Journal. Archived from the original on 9 December 2014. Retrieved 22 April 2013.
- ^ Miller, Daniel (2012-01-10). "GoDigital Distributor Acquires VOD Firm Might Entertainment". The Hollywood Reporter. Retrieved 2022-05-26.
- ^ Kay2012-08-02T23:52:00+01:00, Jeremy. "Preferred Ventures buys into digital distributor GoDigital". Screen. Retrieved 2022-05-26.
{{cite web}}
: CS1 maint: numeric names: authors list (link) - ^ Kit, Borys (2014-01-15). "GoDigital and Variance Films Merge to Form Amplify". The Hollywood Reporter. Retrieved 2022-05-26.
- ^ Fleming, Mike Jr. (2012-08-02). "Preferred Ventures Invests In GoDigital". Deadline. Retrieved 2022-05-26.
- ^ "GoDigital Media Group Makes Changes on Top; Promotes Logan Mulvey to President" (Press release). Reuters. 8 September 2010. Archived from the original on July 27, 2014. Retrieved 15 July 2014.
- ^ News, MESA (2016-02-09). "ContentBridge Develops Automated Delivery Channel for Proximus TV and Studio 100". Media & Entertainment Services Alliance. Retrieved 2022-05-26.
{{cite web}}
:|last=
has generic name (help) - ^ "ContentBridge Helps Studio 100 Make The Big Move". PRWeb. Retrieved 2022-05-26.
- ^ Latchem, John (9 October 2014). "'Breaking Bad,' Amazon, Content Bridge, Disney Among EMA Digital Honorees". Home Media Magazine. Archived from the original on 10 October 2014. Retrieved 10 October 2014.
The Entertainment Merchants Association Oct. 8 presented its "Digi" Awards for outstanding achievement in digital entertainment content, retailing, leadership and innovation to Sony Pictures' "Breaking Bad," Amazon, Content Bridge and Disney. The awards were presented at EMA's Digital Media Pipeline at the Skirball Cultural Center in Los Angeles.
- ^ Staff (10 October 2014). "EMA Hands Out Digi Awards to 'Breaking Bad,' Amazon, and More". GamePolitics.com. Archived from the original on 10 October 2014. Retrieved 10 October 2014.
- ^ "GoDigital Media Group Fuels Cinq Music With Additional Funding in Series A". PRWeb. Retrieved 2022-05-26.
- ^ "AdShare Acquires Primo Media In $3.5 Million Deal". PRWeb. Retrieved 2022-05-26.
- ^ "AdShare Launches VidaPrimo.com - Premier Latin Music Platform Rated #4 by comScore". PRWeb. Retrieved 2022-05-26.
- ^ a b Goldfish (2019-06-14). "VidaPrimo Launches Latido Music | Creative Content Wire". Retrieved 2022-05-26.
- ^ "No Limit founder Master P joins Cinq Music as President Of Urban Music". Music Business Worldwide. 2017-10-23. Retrieved 2022-05-26.
- ^ Rys, Dan (2017-11-09). "Cinq Music Acquires T.I. Catalog, Plans 'Paper Trail' Reissue: Exclusive". Billboard. Retrieved 2022-05-26.
- ^ Cobo, Leila (2017-08-11). "Cinq Music to Expand Latin Operation With $20 Million Infusion From GoDigital". Billboard. Retrieved 2022-05-26.
- ^ Cobo, Leila (2018-08-16). "Janet Jackson & Her Rhythm Nation Records Partner With Cinq Music For New Indie Release: Exclusive". Billboard. Retrieved 2022-05-26.
- ^ "Cinq Music raises another $40m to buy music rights in masters and publishing". Music Business Worldwide. 2019-08-13. Retrieved 2022-05-26.
- ^ "Cinq Music Group acquires Beluga Heights label, including Jason Derulo catalog, in eight-figure deal". Music Business Worldwide. 2020-09-04. Retrieved 2022-05-26.
- ^ "Latido Networks acquires social media company Mitú". Latido Music. 2020-02-20. Retrieved 2022-05-26.
- ^ Randles, Jonathan (10 December 2020). "Bankrupt YogaWorks Nets $9.6 Million Offer for Digital Business". Wall Street Journal. Retrieved 14 January 2022.
- ^ "Latido Networks acquires social media company Mitú". Latido Music. 20 February 2020. Retrieved 14 January 2022.
- ^ Randles, Jonathan (2020-12-10). "Bankrupt YogaWorks Nets $9.6 Million Offer for Digital Business". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-05-26.
- ^ "Give yourself the gift of zen with this YogaWorks subscription". New York Post. 16 December 2021. Retrieved 24 January 2022.
- ^ Store, Entrepreneur. "Start Relaxing by Practicing Yoga with YogaWorks". Entrepreneur. Retrieved 24 January 2022.
- ^ a b Eggertsen, Chris (17 September 2021). "Sound Royalties Acquired by GoDigital, MEP Capital in 'High Eight-Figure' Deal". Billboard. Retrieved 14 January 2022.
- ^ a b "Cinq Music parent GoDigital acquires Sound Royalties in 'high eight-figure' deal". Music Business Worldwide. 13 September 2021. Retrieved 14 January 2022.
- ^ "Cinq Music raises $100m from parent GoDigital to buy music rights, expand internationally". Music Business Worldwide. 2022-04-19. Retrieved 2022-06-26.
- ^ Ashley Armstrong (ed.). "Frasers sells US discount brands Bob's Stores and Eastern Mountain". The Times. ISSN 0140-0460. Retrieved 2022-05-26.
- ^ Huang, Chun-Ting (6 April 2014). "MCL and AdShare Developed Fast Audio Matching Technology". USC. Archived from the original on 26 September 2014. Retrieved 26 September 2014.
The joint R&D team has continuously worked on system performance optimization to meet real-time processing requirements. The team also keeps developing a more advanced technique that handles sounds distorted by other methods such as pitch shifts, white noise, and instrument swaps.
- ^ "Cinq Music raises another $40m to buy music rights in masters and publishing". Music Business Worldwide. 13 August 2019. Retrieved 14 January 2022.
- ^ "DOUG REINART NAMED COO AMERICAS OF GODIGITAL MEDIA GROUP – Cinq Music | More than music". cinqmusic.com. Archived from the original on 14 January 2022. Retrieved 14 January 2022.