- MVES
has executed a memorandum of understanding to acquire BINGE Networks LLC
- The
Movie Studio plans to vertically integrate assets, infrastructure of BINGE
Networks with current OTT and distribution app
- Move
designed to help company secure leading market position based on ad
streaming measurements, big data analytic trends
The Movie Studio Inc. (OTC: MVES), a vertically integrated
motion picture production company, has executed a memorandum of understanding
to acquire BINGE Networks LLC, noting that both parties are conducting due
diligence in anticipation of completing the transaction and entering into a
letter of intent (LOI) in the near future (http://ibn.fm/EvuOX).
An award-winning streaming media platform, BINGE Networks is
a recipient of the Most Innovative Media Content Monetizing & Streaming
Platform CV-Magazine-USA 2019 and New York 2019 Award Programming. Built into
more than 100 smart TV networks, the BINGE App provides the ability to globally
and instantly syndicate and monetize content through key strategic partnerships
throughout the streaming media industry. The company offers five core revenue
streams: streaming packages, subscription video on demand (SVOD), advertiser video
on demand (AVOD), transactional video on demand (TVOD) and platform
syndication.
The Movie Studio is dedicated to establishing its own OTT
VOD platform, aimed to integrate its own feature film projects, television
programming and other media intellectual properties, as well as projects and
programming gathered from other sources. Based on this deliberate marketing
strategy, The Movie Studio plans to vertically integrate the assets and
infrastructure obtained from BINGE Networks with its current OTT and app for
distribution of MVES content and cross-pollination of the advertisers and
strategic partners.
This strategy lends itself well to BINGE Networks’
operations and assets, which The Movie Studio team feels are synergistic to its
growth-by-acquisition business model, designed to help the company secure a
leading market position based on ad streaming measurements and big data
analytic trends competing for uptick viewership.
With some experts predicting the fast-growing OTT industry
could total revenues of $78.2 billion by 2023 (http://ibn.fm/GSlLe), MVES is confident that BINGE Networks
has the potential to help the company reach its goal, leveraging The Movie
Studio’s ability to provide streamers a competitive edge by offering a single
hub that enables multiple ways for content creators to earn revenues and
establish relationships with many different networks.
In addition to its five core revenue streams, BINGE Networks
distributes entertainment content for AVOD digital delivery on more than 100
OTT platforms, with major revenue distribution partners including Roku TV, Tiki
Live, Video Elephant, Glewd TV, Daily Motion, Endavo, Apple TV, Google Play
Store, Amazon Fire and Android App Store, among others. BINGE Networks’ content
library contains an estimated 15,000 videos as well as 300 indie films; it also
powers 46 apps on Roku and 77 on Amazon Fire, with new ones added almost daily
on Amazon Fire and 125 live channels that comprise the video library.
The Movie Studio is a digital, disruptive, vertically
integrated, motion-picture production and distribution company focused on the
independent motion-picture sector with completed motion-picture and production
assets. The company acquires, develops, produces and distributes independent
motion-picture content for worldwide consumption focused on video on demand and
foreign sales, as well as completing its own Over the Top platform with the
Movie Studio App on Google Play and the App Store to be distributed on various
media devices.
For more information, visit the company’s website at www.TheMovieStudio.com
NOTE TO INVESTORS: The latest news and updates
relating to MVES are available in the company’s newsroom at http://ibn.fm/MVES
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