The Movie Studio (OTC: MVES), a vertically integrated motion picture production company, this morning announced that it has executed a memorandum of understanding (“MOU”) to acquire BINGE Networks, LLC., an award-winning streaming media platform. Both companies are currently conducting due diligence and seek to complete their transaction and enter into a Letter of Intent (“LOI”) in the near future. BINGE Networks’ operations and assets are synergistic to The Movie Studio’s growth-by-acquisition business model, in which MVES seeks to obtain a leading market position based on ad streaming measurements and big data analytic trends competing for uptick viewership. The company intends to vertically integrate the assets and infrastructure of BINGE Networks with its existing OTT and app for dissemination of MVES content and cross-pollination of advertisers and strategic partners.
To view the full press release, visit http://nnw.fm/u0sGo
About the Movie Studio Inc.
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 (“VOD”) and foreign sales, as well as completing its own Over the Top (“OTT”) 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://nnw.fm/MVES
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