- MVES has executed a memorandum of understanding to acquire BINGE Networks LLC
- The Movie Studio plans to vertically integrate assets, infrastructure of BINGE Networks with current OTT and distribution app
- Move designed to help company secure leading market position based on ad streaming measurements, big data analytic trends
The Movie Studio Inc. (OTC: MVES), a vertically integrated motion picture production company, has executed a memorandum of understanding to acquire BINGE Networks LLC, noting that both parties are conducting due diligence in anticipation of completing the transaction and entering into a letter of intent (LOI) in the near future (http://ibn.fm/EvuOX).
An award-winning streaming media platform, BINGE Networks is a recipient of the Most Innovative Media Content Monetizing & Streaming Platform CV-Magazine-USA 2019 and New York 2019 Award Programming. Built into more than 100 smart TV networks, the BINGE App provides the ability to globally and instantly syndicate and monetize content through key strategic partnerships throughout the streaming media industry. The company offers five core revenue streams: streaming packages, subscription video on demand (SVOD), advertiser video on demand (AVOD), transactional video on demand (TVOD) and platform syndication.
The Movie Studio is dedicated to establishing its own OTT VOD platform, aimed to integrate its own feature film projects, television programming and other media intellectual properties, as well as projects and programming gathered from other sources. Based on this deliberate marketing strategy, The Movie Studio plans to vertically integrate the assets and infrastructure obtained from BINGE Networks with its current OTT and app for distribution of MVES content and cross-pollination of the advertisers and strategic partners.
This strategy lends itself well to BINGE Networks’ operations and assets, which The Movie Studio team feels are synergistic to its growth-by-acquisition business model, designed to help the company secure a leading market position based on ad streaming measurements and big data analytic trends competing for uptick viewership.
With some experts predicting the fast-growing OTT industry could total revenues of $78.2 billion by 2023 (http://ibn.fm/GSlLe), MVES is confident that BINGE Networks has the potential to help the company reach its goal, leveraging The Movie Studio’s ability to provide streamers a competitive edge by offering a single hub that enables multiple ways for content creators to earn revenues and establish relationships with many different networks.
In addition to its five core revenue streams, BINGE Networks distributes entertainment content for AVOD digital delivery on more than 100 OTT platforms, with major revenue distribution partners including Roku TV, Tiki Live, Video Elephant, Glewd TV, Daily Motion, Endavo, Apple TV, Google Play Store, Amazon Fire and Android App Store, among others. BINGE Networks’ content library contains an estimated 15,000 videos as well as 300 indie films; it also powers 46 apps on Roku and 77 on Amazon Fire, with new ones added almost daily on Amazon Fire and 125 live channels that comprise the video library.
The Movie Studio is a digital, disruptive, vertically integrated, motion-picture production and distribution company focused on the independent motion-picture sector with completed motion-picture and production assets. The company acquires, develops, produces and distributes independent motion-picture content for worldwide consumption focused on video on demand and foreign sales, as well as completing its own Over the Top platform with the Movie Studio App on Google Play and the App Store to be distributed on various media devices.
For more information, visit the company’s website at www.TheMovieStudio.com
NOTE TO INVESTORS: The latest news and updates relating to MVES are available in the company’s newsroom at http://ibn.fm/MVES
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