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Seeking Alpha 2021-03-25 10:25:14

Cinedigm surges after announcing it will develop new NFT products

Cinedigm (CIDM) jumped 28% in premarket trading after saying in a regulator filing last night that it will be developing non-fungible token products. Cinedigm gained 21% the previous two days on speculation about entering the NFT market."To be clear, these new #NFT initiatives are to support our core mission: creating great streaming channel and content experiences for our passionate user base. More to come. - Chris McGurk, CEO,” said on Twitter, according to the 8-K filing.Recall March 23, Cinedigm, Funko shares gain on NFT speculation.Recall March 23,Dolphin Entertainment and Hall of Fame Resort surge after NFT deal.

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