NetworkNewsBreaks – The Movie Studio Inc. (MVES) Enters MOU to Acquire BINGE Networks
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…