GoDigital Inc. has expanded its holdings by acquiring do-it-yourself provider Distribber for a low seven-figure price in cash and stock.
Distribber, led by CEO Nick Soares, will become a third component of GoDigital to go along with Amplify Releasing and GoDigital Worldwide divisions. It will be adding an additional six employees to its existing staff of 14.
Distribber allows filmmakers to access digital distribution platforms and to monitor their earnings in exchange for an upfront flat fee. Filmmakers keep 100% of all revenue generated.
The deal was orchestrated by Preferred Ventures Managing Partner Kevin Iwashina, who advised GoDigital on the transaction. “If you’re a filmmaker outside the film circles of Los Angeles and New York and you need to get your film out, Distribber is a great tool for doing that,” he added.
Distribber charges a one-time fee of $1,595 for iTunes placement, then $150 per year for account access, collection and sales stats. Its titles include Tribeca Film Festival film “An Honest Liar,” James Colquhon’s “Food Mattters” and Kimberly and Foster Gable’s “Thrive.”
GoDigital was founded in 2008 as a distributor of music and films via digital platforms. It merged with Variance Films last year and named the new company Amplify.
GoDigital, Inc. Acquires Digital Distribution Solution Distribber
By Ethan Sapienza | Indiewire June 24, 2015 at 3:28PM The VOD and theatrical distributor announced today that it has acquired Distribber.
Video On Demand and theatrical distributor GoDigital, Inc. has acquired Distribber, a content distribution service provider, and its related assets. Distribber is described as a solution for filmmakers to distribute their content directly without having to give a third party ownership.
GoDigital, Inc. Board Chairman Ed Ojdana said, "We are extremely happy to continue GoDigital, Inc.'s expansion with the addition of [Distribber CEO Nick Soares] and his team. Distribber is an exciting new resource for the creative community and the innovation will be truly beneficial."
CEO of Distribber Nick Soares said, “With the support of Ed [Ojdana] and the team at GoDigital, Inc., we now have the ability to fully service our growing customer base through all areas of content distribution. I enthusiastically look forward to this next step in our company’s story and its sustained progress."