The years-old streaming skirmish is set to become a pitched battle — for talent, for money, for your time and your eyes— as Apple, Disney, HBO and NBC prepare to enter the fray with major subscription services.
Distribber was founded in 2008, during the early days of the streaming revolution, by Los Angeles tech entrepreneur Adam Chapnick, who had previously launched another distribution firm called DocWorkers. In 2015, Distribber sold to GoDigital Inc., the former film distribution arm of tech holding company GoDigital Media Group. Soares became CEO of GoDigital Inc. after the acquisition.From the outside, the Carthay Circle-based company seemed to be successful. Its website boasted that it had 4,900 customers and had paid $41 million to its clients.
Soares’ GoDigital Inc. countersued Peterson in 2018, accusing him and others of fraudulently inducing it into paying more than it should have for Contentbridge’s services. GoDigital was supposed to pay $17,900 a month starting in 2014. The complaint cited a 2012 email from Peterson in which he said he needed to “miss-direct” investors in order to reach a compromise on the monthly fee. Peterson denied the allegation, saying the email had been taken out of context.
“The squeaky wheels were the ones who got paid,” Sheely said. GoDigital was “smart enough to know how much we needed to owe somebody before they could take us to court.”
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Inside the collapse of the company that brought indie movies to streaming giants