- Demand for video-streaming increased as result of lockdowns connected to COVID-19
- Worldwide box office losses estimated in the billions
- Major studios moving to on-demand movie releases as theatres remain closed
- MVES an established independent movie studio with proven growth strategy, digital revenue model
- VOD one of the only industries experiencing increased demand, expected to reach $120.91 billion by 2025
While government-imposed lockdowns have crippled the film industry, video-streaming services have seen increased demand (http://nnw.fm/y4Iqb). The Movie Studio Inc. (OTC: MVES), a vertically integrated motion picture production company, is positioned to benefit from this shift by continuing to acquire, develop, produce and distribute independent motion pictures globally via subscription and advertiser video on demand (SVOD/AVOD), over the top (OTT) platforms, foreign sales and various media devices.
The already-fragile entertainment industry took a substantial hit as a result of the forced closure of theatres, with losses estimated in the billions…
NOTE TO INVESTORS: The latest news and updates relating to MVES are available in the company’s newsroom at http://nnw.fm/MVES
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.