The Movie Studio (OTC: MVES), a vertically integrated motion-picture production company, recently executed a memorandum of understanding (“MOU”) to acquire BINGE Networks LLC. The company intends to integrate the assets and infrastructure of BINGE Networks with its current over the top (“OTT”) and distribution app. An article further discussing the MOU reads, “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.”
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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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