- Worldwide pandemic spurs growth in VOD space
- New numbers show millions leaving pay TV behind
- MVES pioneering new media-content delivery systems, creating direct-server access platform
The numbers are in, and not surprisingly, COVID-19 has prompted a growing number of entertainment seekers to cut the cord. A recent Protocol article (http://nnw.fm/6FFyR) reports that cable and TV subscribers are down, a trend that promises benefits for companies such as The Movie Studio (OTC: MVES), a vertically integrated motion picture production and distribution company.
“Shelter-in-place boredom hasn’t stopped consumers from canceling cable,” the article reported. “Cord cutting has accelerated during the COVID-19 pandemic. That’s according to new data from the nation’s major cable and satellite TV providers. Comcast, AT&T, Dish, Charter and Verizon collectively lost 1.46 million pay TV subscribers during the…
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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