- Surging viewership numbers on online streaming platforms, capacity constraints amongst legacy film studios have led to increased need for new facilities
- A number of new film studios have recently been commissioned, including ones in Montana and Long Island
- The Movie Studio is only major independent film studio in South Florida, placing it in ideal position to benefit from surge in demand for original content production
The Movie Studio (OTC: MVES), an independent Florida-based film studio, is set to benefit as a surge in demand for movie and television content has led to an increased need for film studios. With COVID restrictions across the globe leading to an exponential increase in OTT viewing figures, streaming companies such as Netflix and Disney+ are reporting record growth in their subscriber bases while newcomers including NBCUniversal’s Peacock and AT&T’s HBO Max are racing to develop original content programming which can be used to entice users to their platforms (https://nnw.fm/ybuU8).
Parviz Farahzad, a Nassau County-based real estate developer, has recently struck a financing deal to construct a new film studio on Long Island, as demand for new content development and social distancing have led to a newfound need to build outside of the traditional California studio enclaves where films and…
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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