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GoDigital, a full-service digital distribution company, has purchased video-on-demand competitor Might Entertainment, the companies said in a press release issued Tuesday. GoDigital has also been recapitalized.
Terms of the purchase of the Beverly Hills-based company and the recapitalization were not disclosed.
Santa Monica-based GoDigital, which was founded in 2008, has distributed more than 300 films through deals with iTunes, Netflix, Amazon and Hulu, among other services.
As part of the deal, GoDigital will absorb Might’s output arrangements, in addition to the firm’s cable, satellite, Internet protocol television and broadband video-on-demand distribution deal with Lionsgate. The expanded company now has more than 1,000 catalog films.
In the fall, after securing financial backing from former Facebook chief strategic officer Chris Kelly and FreeCreditReport.com founder Ed Ojdana, Might acquired digital rights to the Kino/Lorber film library, which boasts more than 700 titles.
Might’s digital releases have included the Swedish version of The Girl with the Dragon Tattoo trilogy, Mesrine: Killer Instinct and Mesrine: Public Enemy #1.
GoDigital president Logan Mulvey will become the company’s CEO, with Might Entertainment co-founders Andy Bohn and Jason Beck joining the board of directors. “Once we had the financial resources to expand the business, it was clear that there was no better complementary asset to GoDigital than Might Entertainment,” Mulvey said in a statement.
GoDigital will be in attendance at the Sundance Film Festival, which starts later in January, looking to acquire new films. Among its upcoming releases is The Trouble With Bliss, which stars Michael C. Hall, Lucy Liu, Chris Messina and Peter Fonda.
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