CINEDIGM AND VOLTAGE PICTURES ENTER INTO THREE-YEAR, FIVE PICTURE WORLDWIDE DISTRIBUTION DEAL WITH NEW GENRE LABEL RAPID EYE FILM

LOS ANGELES, CA -- Cinedigm (NASDAQ: CIDM) and Voltage Pictures have entered into a three-year, five picture output deal with new genre label Rapid Eye Film. Rapid Eye Film, founded by filmmaker Marco Weber ("Igby Goes Down," "The Thirteenth Floor", "Unthinkable", "The Informers"), will develop, finance and produce the films, and Cinedigm will provide a US theatrical release and subsequent roll out across on-demand, digital, TV and DVD. Nic Chartier's Voltage Pictures ("The Hurt Locker," "Don Jon's Addiction") will handle international sales on all five films.

The first film green lit under the agreement is the sci-fi thriller "Unraveling," with casting under way. "Unraveling" was written and will be directed by Weber, who is producing alongside his longtime producing partner Vanessa Coifman ("Fireflies in the Garden," "A Late Quartet") and producer Miggel Schwickerath ("The Informers"). The film will shoot on location in Los Angeles this spring. "Unraveling" is best described as a cross of "Angel Heart" and "Seven."

"Marco and I have a long and successful history, going back to ‘Igby Goes Down'," said Chris McGurk, Chairman and CEO of Cinedigm. "And, we are thrilled to work with Nic and his team at Voltage to bring these exciting new films to the worldwide marketplace."

"We loved the script of Unraveling and wanted to be involved with Marco on this one and his next movies," said Nicolas Chartier, founder of Voltage Pictures. "Cinedigm is growing very fast and having a US distributor on the films will be great for all our international partners."

In additional news, Weber's directorial debut, "Leashed," was also picked up by Cinedigm for digital distribution in the US and a number of international territories.

"Leashed" is a dark teen thriller featuring Chad Lowe and starring actors Gia Mantegna and Devon Werkheiser. The film premiered at the International Sitges Film Festival in competition.