The Movie Studio (OTC: MVES)
, a video streaming platform and a first-mover digital disruptor, today announced its entry into a strategic partnership and distribution service agreement with Adler & Associates Entertainment Inc. (“A&AE”) and an agreement with Max Sound Corporation (OTC: MAXD)
to align the mutually beneficial assets and associations of the two publicly traded companies. According to the update, the performance covenants between A&AE and the company specifically focus on co-production strategic alliances that could be mutually beneficial to both parties, capital expenditures and distribution associations between the entities. The agreement with Max Sound pertains to enhancing audio processing of current motion pictures owned and licensed by The Movie Studio via the company’s app, as well as upcoming motion pictures currently in development for The Movie Studio’s over-the-top (“OTT”) video streaming platform and app. “The Movie Studio is excited about the joint ventures with Adler & Associates and Max Sound to vet future co-production opportunities, expand our current library of titles on our platform, and digitally enhance audio files of our current and upcoming movies and manufactured content, which has long impacted independent motion pictures and content in contrast to major studios using THX and other proprietary technologies. These agreements provide The Movie Studio with a more even playing field that has previously been dominated by the majors,” said Gordon Scott Venters, president and CEO of The Movie Studio.
To view the full press release, visit https://ibn.fm/2rMG4
About The Movie Studio Inc.
The Movie Studio is a video streaming platform and a first-mover digital disruptor focused on the independent motion picture content sector. The company operates as a vertically integrated motion picture production and distribution company and has currently launched its over-the-top (“OTT”) platform with a blockchain distribution mechanism for foreign licensing of content. The company is currently completing the launch of its app, with a free content ingestion option via advertiser video on demand (“AVOD”) with a subscription video on demand (“SVOD”) and a “Be in Our Movies!” value proposition via SVOD, providing multiple revenue streams from the company’s owned, produced, licensed or aggregated content for worldwide consumption in video on demand, foreign sales and on various media devices. The Movie Studio is disrupting traditional media content delivery systems with its digital business model of motion picture distribution and intends direct-server access of its content with geo-fractured territories for worldwide distribution. The company employs a unique “Moviesode” production model manufacturing content in “chapters” for final assimilation. The company was formerly known as Destination Television Inc. and changed its name to The Movie Studio Inc. in November 2012. The Movie Studio was founded in 1961 and is headquartered in a 6,400-square-foot motion picture and production studio in the Galleria Mall in Fort Lauderdale, Florida. For information about the company, please visit 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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