LA-based Cinedigm has handed company COO Gary Loffredo the additional position of president, while Erick Opeka, the president of digital networks, is now also chief strategy officer for Cinedigm Corp and EVP Yolanda Macías has been promoted to CCO of Cinedigm Entertainment Group.
Chris McGurk, Cinedigm Chairman and CEO said that these expanded leadership roles were made “to fully capitalise on the tremendous growth we are experiencing in our digital streaming business.”
Loffredo is responsible for managing Cinedigm’s day to day operations, including financial operations, investor relations, public facing company compliance and internal operations, human resources, legal and the digital cinema business. He is also actively engaged to support, manage and execute on mergers and acquisitions and company-wide initiatives that advance Cinedigm’s financial growth and overall value.
He is a company veteran, having served in a variety of key management roles since 2000, and will also continue to act as general counsel and Cinedigm’s corporate secretary.
Opeka is currently president of Cinedigm Networks, where he oversees the development, planning, launch and operation of the company’s portfolio of linear, ad-supported and subscription streaming services.
Macías, meanwhile, is responsible for acquiring global content rights for all distribution platforms, including digital outlets Amazon, NBC Peacock, Tubi, and Pluto, and sourcing content for Cinedigm’s owned and operated digital Networks such as the Dove Channel, Bloody Disgusting and ConTV.
“Having secured the talents of Yolanda, Erick and Gary for the foreseeable future, I am fully confident that we now have the best leadership team in place to rapidly grow the business and expand our leadership position in streaming channels, content and technology,” said McGurk.
“All aspects of our streaming business are already experiencing strong growth, from our ad-based channels to our viewership and paid subscriber base to our digital content licensing business, and this team is now perfectly focused and aligned to further expand that growth operationally, strategically and through the acquisition roll-up initiative of streaming assets we are currently pursuing.”