The Movie
Studio (OTC Pink: MVES) Launches Streaming Platform &
Extinguishes Convertible Debt
Miami, FL
-- February 1, 2021 –
EmergingGrowth.com, a leading independent small cap media portal
with an extensive history of providing unparalleled content for the
Emerging Growth markets and companies, reports on
The Movie Studio,
Inc. (OTC Pink: MVES).
The Movie Studio,
Inc. (OTC Pink: MVES) just announced that it has successfully
completed and officially launched its Over-The-Top
(OTT)
Streaming Platform along with its symbiotic App in the
Google PlayStore, which incorporates the
initial core components of the Company's business models of
"Watch Our
Movies!" and "Be in Our
Movies!".
The Company is
also preparing for the availability of The Movie Studio to be made
available as a tile on smart TV's for added global
viewership.
MVES
may not be at these levels much longer.
The Company had
previously announced that it has extinguished $900,000.00 in
convertible debt and is very proud to announce that
there is
$125,000.00 in
convertible debt remaining with a leak-out provision of
approximately 15% of the volume per week. Further, as a result of
the new agreement the Company extinguished 214,000,000 of
shareholder reserves which represents another key milestone in the
on-going effort to strengthen the financial position of the company
and improve its standing in the capital markets.
-
Platform
Launched – OTT
Streaming Platform launched in GooglePlay
Store
-
Toxic Debt
Reduction – Extinguished $900,000.00 in
Convertible Debt and 214,000,000 in shareholder
reserves
-
Mas
Expansion – Preparing for availability as
a Tile on smart TV's
This could be the biggest play in the Streaming / Entertainment
space.
This is important
for The Movie Studio and its shareholders as it will lead to
achieving greater shareholder value and more favorable financing
terms to fund future acquisitions and opportunities. Substantial
convertible note obligations have historically placed pressure on
the Company's share price, and it is a great benefit for
shareholders and a reason for the investing public to take further
interest.
The completion of
the OTT Platform and App integration positions the Company for
revenue generation from its Subscription
Video-On-Demand (SVOD)
component.
The Movie
Studio, Inc. is a first-mover digital disruptor focused on the
independent motion picture content sector, as well as the
video-on-demand
(VOD)
streaming of movies and media content to customers directly over
the web, representing the already
unfolding future of
entertainment: available on all media devices, where you want and
when.
The
"Watch Our
Movies!" function of The Movie Studio
platform enables customers to view the Company's current and
growing library of films (250+) for free on an
advertiser video-on-demand (AVOD)
basis. The Company's AVOD
option functions
much like broadcast television: consumers watch free movies, with
advertisements provided by the Company's strategic partner
(www.estreamtv.tv).
With substantial subscribers, this could generate added company
revenue.
Viewers can also
elect to watch ad-free via the Company's SVOD
option, giving
them access to
The Movie Studio, Inc. movie library for a monthly
fee of $2.99. For
example, users
of Netflix must pay a monthly subscription fee
in order to
watch their content because it is an SVOD.
If this is the consumer's preferred choice, the Company's platform
also offers cost-efficient bundle plans for subscribers. The
Company intends to add new content by purchasing or revenue-sharing
film libraries, as well as through strategic partnerships,
licensing, mergers and acquisitions.
The
acclaimed "Be in Our
Movies!", "Everyone's
A Star!" SVOD
key feature of
the platform allows subscribers, for $2.99
monthly, to
audition to be in the Company's next movie. The platform has a
self-audition video(s) function – available worldwide on all media
devices – providing the opportunity for subscribers to potentially
be cast in one of several different film genres The Movie Studio
currently has in production. The auditions can be made public,
generating more excitement and social media expansion, and making
them viewable by the general public, friends and
family of the auditionee; there is also the potential for the
auditions to be viewed by other movie studios and production
companies, further increasing demand for the platform.
"We are very
pleased with the Movie Studio's successful launch of our
OTT
streaming platform, which straddles between a
free AVOD
to attract users
and the value proposition of our SVOD
application. This
is a unique hybrid in the OTT universe, and the integration of a
feature enabling consumers to potentially participate in the
content of upcoming motion pictures is pioneering. We look forward
to launching our traffic-driving campaign for the OTT and app on
social media, and we intend to launch the campaign with prominent
features of our slogans, 'Watch Our
Movies!', 'Be in Our Movies!', 'Everyone's a Star!'
and
'Only $2.99
a month!' and utilizing all social
media resources and influencers to drive traffic to the OTT and
app," said Gordon Scott Venters, president and CEO.
About the Movie Studio: The Movie Studio, Inc. is a
first-mover digital disruptor focused on the independent motion
picture content sector. The Company operates as a vertically
integrated motion picture production and distribution company and
has currently launched its over-the-top
(OTT) platform
with a blockchain distribution mechanism for foreign licensing of
content. The Company is currently completing the full launch of its
app, with a free content ingestion option via advertiser
video-on-demand (AVOD)
and a "Be in Our
Movies!" value proposition via
subscription video-on-demand (SVOD),
providing multiple revenue streams from the Company's owned,
produced, licensed or aggregated content for worldwide consumption
in VOD, foreign sales and on various media devices. The Movie
Studio, Inc. is disrupting traditional media content delivery
systems with its digital business model of motion picture
distribution and intends direct-server access of its content with
geo-fractured territories for worldwide distribution.
The Company was
formerly known as Destination Television, Inc. and changed its name
to The Movie Studio, Inc. in November 2012. The Movie Studio, Inc.
was founded in 1961 and is headquartered in Fort Lauderdale,
Florida.
For information
about the Company, please visit
www.themoviestudio.com
Other
Companies in the news and featured on
EmergingGrowth.com
Social Life
Network, Inc.
Trading an
average of 20 million in volume at .0001, shares of Social Life
Network, Inc. (OTC Pink: WDLF) seemed all but dormant prior to December
2020. Shares ran from .0001 to .009 representing almost
9,000% before giving back almost 90% of it in a total of 6
days. It looked like history tried to repeat itself over the
past three trading days, but it seems that the breath could not
come through.
Have a look at
The Movie Studio, Inc. (OTC Pink: MVES). The Company is also preparing
for the availability of The Movie Studio to be made available as a
tile on smart TV's for added global viewership.
Viper
Networks, Inc.
In just a half a
dozen days, shares of stop sign company Viper Networks, Inc. (OTC:
VPER) managed to drive up 2,300% to .012 with
no new information on OTC markets within that timeframe. If
new content is not added to the market soon, shares could reverse
and end up back where they started.
Have a look at
The Movie Studio, Inc. (OTC Pink: MVES). The Company had previously
announced that it has extinguished $900,000.00 in convertible debt
and is very proud to announce that $125,000.00 in convertible debt
remaining with a leak-out provision of approximately 15% of the
volume per week.
Sun
Pacific Holding
Corp.
Sun Pacific
Holding Corp (OTC Pink: SNPW) also realized an astonishing gain of over
11,000%, also with no new information on OTC Markets during the
relevant time. Because of this, shares have fallen 82% in
just the two days after closing yesterday at .09.
Take a look
at The
Movie Studio, Inc. (OTC Pink: MVES) who just announced that it has
successfully completed and officially launched its Over-The-Top
(OTT)
Streaming Platform along with its symbiotic App in the
Google PlayStore.
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