Wonderfilm Featured in Broadcast Analyzing Multibillion-Dollar Streaming Service Industry
07 November 2019 - 2:30PM
via NetworkNewsAudio –
Wonderfilm Media Corporation
(TSXV: WNDR) (OTCQB: WDRFF)
announces the
availability of a broadcast titled, “Entertainment
Businesses Adopt New Approaches for Streaming Age.”
To hear the NetworkNewsWire Audio version, visit:
http://nnw.fm/p5sVj
To read the full editorial, visit: http://nnw.fm/n7w3D
As video streaming grows to dominate media consumption,
companies are on the lookout for new ways to profit from the
burgeoning trend. The performance of the most-profitable streaming
services, especially Netflix and Amazon, has drawn the attention of
other companies. Apple’s background in technology and media
distribution makes it a natural player in this arena. Older media
firms are also leaping in, as they try to avoid hemorrhaging
profits to upstart firms. The question now is which strategies will
lead to success.
Media companies are expected to spend $107 billion over 2019 on
content creation, with 22% of that coming from Disney alone. Do
that math, and that equals hundreds of millions of dollars every
day going to companies producing films and TV shows. Audiences have
shown that they want more than just repeats on their streaming
services, and that original content draws attention, awards, and
most importantly subscription fees. With more companies going into
streaming, the demand for new content is expected to escalate,
fueling interest in and success from companies such as
Wonderfilm Media Corporation (TSXV: WNDR) (OTC:
WDRFF).
About Wonderfilm Media Corporation
Wonderfilm is a leading publicly traded entertainment company
with offices in Los Angeles and Vancouver. Wonderfilm’s main
business is the production of high-quality feature films and
episodic television. Global Content Creation leaders – the
Wonderfilm team – has packaged, produced and delivered hundreds of
profitable films with proven direct access to Academy Award Quality
films and upside. For more information, visit the company’s website
at www.Wonderfilm.com.
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Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
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