- The Movie Studio retains AdvisoryCloud to help identify, appoint company’s advisory board
- Growth of OTT media market in 2020 has led to significant growth in streaming audiences, leading to commensurate increase in demand for original content programming
- The Movie Studio has sought to capitalize on this trend by launching its own streaming platform, syndicating self-produced original content
- Coordination with AdvisoryCloud will assist MVES by providing it with highly experienced advisors adept at advancing companies’ growth trajectory
The Movie Studio (OTC: MVES), an independent Florida-based film studio, has announced that it has retained the services of AdvisoryCloud, a leading platform for advisors, to provide the company with advisory services as well as to assist in identifying and appointing expert advisors to The Movie Studio’s advisory board who could help add value to the company (http://ibn.fm/iCW5D).
AdvisoryCloud provides a platform enabling highly experienced executives to take a proactive approach in landing advisory work. With over 12,000 advisors on its platform, the company allows companies – ranging from start-ups to multi-national corporations – to assemble advisory boards of over 100 senior executives in a matter of weeks. In turn, companies are able to share their challenges and opportunities through a series of quarterly advisor briefings, receiving direct responses with unique advice, diverse suggestions and specific solutions from their highly specialized advisory team.
“One of the greatest resources available to any company proactively seeking advantages that can help their business succeed is the knowledge of advisors,” said AdvisoryCloud founder and CEO Jonathan Aspatore. “We are excited to connect The Movie Studio with a team of high-caliber advisors through our virtual advisory board services to provide the unique expertise and firsthand experiences needed to help take this company to the next level.”
The growth of the over-the-top media (“OTT”) sector, which encompasses audio, video and other media content delivered over the Internet, has witnessed a stunning surge in popularity over recent months – with the growth in OTT viewing rising by 196% year-over-year in April this year. The trend has proven to be highly favorable for The Movie Studio, and the company responded by launching its own eponymous platform featuring a wide variety of original content as well as movies drawn from a number of libraries acquired by the studio over the years.
The Movie Studio has capitalized on the ongoing growth in the online streaming industry over the past 24 months, which has seen the launch of a myriad of platforms—including the likes of Apple Plus, Disney Plus, HBO Max and NBC Universal’s Peacock—by licensing its original content through partnerships with Filmhub and BING Networks LLC.
This move has allowed the company to syndicate and monetize its motion pictures in a number of different global jurisdictions, further boosting their available revenue streams. Now, through its recently announced tie-up with AdvisoryCloud, The Movie Studio has sought to take the next step in developing its burgeoning film business.
“We look forward to utilizing AdvisoryCloud’s resources to provide critical evaluation of the company’s business mode, OTT platform and potential alignment of business verticals including potential M&A opportunities,” noted The Movie Studio CEO Gordon Scott Venters. “We are confident AdvisoryCloud could bring added value as a strategic partner regarding our business initiatives.”
For more information about the company, visit 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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