- MVES using blockchain technology to address management of creative rights, digital piracy, distribution complexity
- Company scheduled to release new films, establishing partnerships to meet increased consumer demand for streaming content
- Traditional satellite, cable services losing 12,000 consumers daily
- VOD subscriptions quadrupled to over 600 million as of 2019, global growth of OTT revenue expected top $129 billion by 2023
The Movie Studio (OTC: MVES) is a vertically integrated motion picture production and distribution company that engages in the acquisition, development, production and distribution of independent motion picture content for worldwide consumption with a focus on video on demand (“VOD”), foreign sales and various media devices. In tune with the recent release of the company’s corporate overview, President and CEO Gordon Scott Venters outlined several significant milestones the company has achieved as it continues expansion of its vertically integrated film production and distribution architecture that utilizes over-the-top (“OTT”) distribution platforms and blockchain technology.
MVES is taking the opportunity to leverage blockchain as the innovative technology provides valuable opportunities to address issues related to the management of creative rights, digital piracy, and distribution complexity. The decentralized nature of blockchain technology is key. It ensures that tampering or takeover of proprietary content is virtually impossible through the use of smart contracts that can register and enforce distribution as well as release agreements between distribution partners and content producers.
Incorporation of blockchain technology is only one part of the innovative changes taking place across the digital landscape of the industry. As part of the film distribution and production space, VOD has undergone a massive shift in the last decade—and this shift has only accelerated as a result of COVID-related lockdowns that increased consumer demand for entertainment.
“The consumption of VOD content has significantly increased with the disruption of movie theater destinations and other forms of on-site entertainment, and we anticipate this trend will continue in the long term,” commented Venters as part of his statements. “We have recently integrated a platform that enables worldwide distribution of licensed movie content. We also recently announced that The Movie Studio has licensed several films, including ‘Bad Actress’ and ‘Exposure’ for distribution in Australia.”
In addition to these new releases, MVES has a number of entertainment projects in the development pipeline that show potential to meet increased consumer demand for VOD entertainment. Besides signing an agreement with Filmhub for the licensing and distribution of motion pictures, the company has also entered into a memorandum of understanding with BINGE Networks LLC, an award-winning streaming media platform that will provide MVES the rights to syndicate and monetize content globally for the streaming media industry.
VOD is experiencing explosive growth as more people sign on for subscriptions while disengaging with traditional satellite and cable services to the tune of 12,000 consumers each day (http://nnw.fm/Zt6z3). Platforms like Disney+ and Netflix have added 50 million (http://nnw.fm/4PoyQ) and 16 million (http://nnw.fm/x6Omj) new subscribers respectively in recent months as part of the global shift to online streaming service subscriptions—the volume of which has quadrupled to over 600 million as of 2019 (http://nnw.fm/Tl4IF). With worldwide subscribers expected to top 1.1 billion by 2021 (http://nnw.fm/s1GMl), global growth of OTT revenue is expected to rise from $69 billion in 2018 to $129 billion by 2023 (http://nnw.fm/y5dWg).
MVES has a creatively designed business model that is expected to massively benefit from this trend through its growth-by-acquisition strategy, proposed strategic alliances and acquisitions, resolution upgrades and unique monetization initiatives. The company’s innovative production model includes user-driven initiatives such as the “Everyone’s a Star” component of their OTT platform that gives viewers the opportunity to upload auditions through the digital app for the chance to participate in upcoming movies. The company’s innovative production model includes filming motion pictures in “chapters” or “Moviesodes” that are distributed in quick clips via the platform, giving subscribers the opportunity to participate in upcoming productions and further driving user engagement.
With a unique business model capitalizing on the increasing global demand for streaming entertainment content, MVES has the potential to emerge as a unique brand in the industry. The company’s innovative use of technology, production process and user engagement strategy give it the opportunity to realize high returns on investment as it continues to leverage the changing landscape of video-based entertainment.
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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