The Movie Studio (OTC: MVES), a vertically integrated motion picture production company engaged in the acquisition, development, production and distribution of independent motion picture content for worldwide consumption, today announced that its founder, president & CEO, Gordon Scott Venters, has been featured in an exclusive audio interview with NetworkNewsWire (“NNW”), a financial news and content distribution company and one of 45+ brands in the InvestorBrandNetwork (“IBN”). During the interview, Venters provided details on The Movie Studio’s strategy to disrupt the video on demand (“VOD”) industry as major players like Disney and Viacom continue to announce massive acquisitions in the space. “We’re very fortunate that, when the pandemic came around, people were sheltered in place and were digesting content more frequently and more robustly,” Venters said. “Right in the midst of the pandemic, on March 17, 2020, Tubi was bought by Fox/Disney for $440 million. On the coattails, the same day, you had Pluto TV bought by Viacom for $330 million. Now, those giant media companies wouldn’t have spent that capital unless they felt that the consumer ingestion of content was going to accelerate at a super-fast rate.”
To view the full press release, visit http://nnw.fm/bz55F
About The Movie Studio Inc.
The Movie Studio Inc. is a vertically integrated motion picture production and distribution company engaged in the acquisition, development, production and distribution of independent motion picture content for worldwide consumption, with a particular focus on video on demand (“VOD”), foreign sales and various media devices. It 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. It is headquartered in Fort Lauderdale, Florida. For more information, visit 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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