The Movie Studio (OTC: MVES), a vertically integrated motion picture production and distribution company with completed motion picture and production assets, today announced the licensing of its 60%-owned membership of the motion picture “Night of the Demons,” starring Shannon Elizabeth, Edward Furlong and Monika Keena, for the territory of Spain, which has a combined population of 47 million. According to the update, the licensing will remain in effect through 2027. “Establishing worldwide distribution agreements for our current library of new and aggregated revenue-shared titles through our blockchain application is a fundamental cornerstone of our proposed reverse engineering of future revenue-share aggregated titles that, when completed, could add significant economic scalability to the company’s revenue model,” said MVES president and CEO, Gordon Scott Venters.
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About The Movie Studio Inc.
The Movie Studio operates a video streaming platform and is 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 full launch of its app, with a free content ingestion option via advertiser video-on-demand (“AVOD”) and a “Be in Our Movies!” value proposition via subscription video-on-demand (“SVOD”), providing multiple revenue streams from the company’s owned, produced, licensed or aggregated content for worldwide consumption in VOD, 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 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 Fort Lauderdale, Florida. For information about the company, 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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