Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF) Eyes Blockbuster Status as SVoD Services, Old Media Splurge

November 12, 2019 11:28:29
  • Old media joins SVoD services in spending splurge on content
  • Major film studios launch TV streaming services
  • Recent report calls boom ($165 billion in 2018) a “golden age of spending”

The next blockbuster in the film-production world could be Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF). The company is set to benefit as subscription video on demand (SVoD) services and “old media” continue to splurge on content. Streaming services such as Amazon Prime, Hulu and Netflix are driving demand for video content from independent film producers. Not to be left behind, established studios are shopping for content too, further increasing demand. The competition between old and new media has resulted in a 65 percent increase in global content spending over the last decade. This is a trend that shows no signs of abating, which augurs well for Wonderfilm. The company is well positioned to significantly increase its existing $58 million annual production slate to meet new demand.

A recent report shows how SVoD has become an essential component of U.S. domestic felicity. “Nearly three fourths of American homes, 74 percent, subscribe to at least one of the major SVoD services, Netflix, Amazon Prime or Hulu, up from just 64 percent in 2017 and 52 percent in 2015,” the article noted…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to WDRFF are available in the company’s newsroom at http://nnw.fm/WDRFF

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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
212.418.1217 Office

NetworkNewsWire is part of the InvestorBrandNetwork.