Santa Monica digital distribution company GoDigital on Tuesday said that following its successful recapitalization it has acquired Beverly Hills video-on-demand competitor Might Entertainment.

GoDigital, which was founded in 2008, distributes more than 300 films to Netflix, Hulu and other Internet services. Might Entertainment, founded in 2010, has multiple distribution deals, including one to distribute content for Lions Gate Entertainment Inc. Last fall, Might also acquired digital rights to the 700-plus title Kino/Lorber library.

The expanded company now will have rights more than 1,000 films. Financial terms were not disclosed.

Logan Mulvey, who had been GoDigital’s president, now becomes chief executive of the combined companies, with Might Entertainment co-founders Andy Bohn and Jason Beck joining the board. Mulvey will continue to manage the GoDigital distribution, marketing and digital delivery team, while Bohn and Beck will oversee business development and content acquisitions, the company said.

“Once we had the financial resources to expand the business, it was clear that there was no better complementary asset to GoDigital than Might Entertainment,” said Mulvey in a statement. “GoDigital is well positioned for success in the growing marketplace of digital and VOD distribution.”