The Movie Studio Launches Streaming Platform and Google Play Store App, Extinguishes Substantial Shareholder Reserves
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FORT LAUDERDALE, Fla., Feb. 01, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- The Movie Studio, Inc. (OTC: MVES) (the Company") is pleased to announce that it has successfully completed and officially launched its over-the-top (OTT) streaming platform, along with its symbiotic app in the Google Play Store. The OTT platform and app incorporate the initial core components of the Company’s business models of “Watch Our Movies!” and “Be in Our Movies!”
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.
The Company is preparing for the availability of The Movie Studio platform to be made available as a tile on smart TVs for added global viewership.
The Movie Studio is an independent Florida-based production film studio set to benefit from the surge in demand for movie and television content, with not only the shutdown of production in Hollywood but also the investors’ demand for film studios to operate more cost-efficiently. With COVID-19 restrictions across the globe leading to an exponential increase in OTT viewing figures, streaming platforms such as Netflix and Disney+ are reporting record growth in their subscriber bases, while newcomers, including NBC/Universal’s Peacock and AT&T’s HBO Max, are racing to develop original content programming, which can be used to entice users to their platforms (https://nnw.fm/ybuU8).
COVID-19 has changed the movie industry, both through surging viewership numbers on online streaming platforms and capacity constraints among legacy film studios, which have led to increased need for new facilities. A number of new film studios have recently been commissioned, including studios in Montana and Long Island, New York. The Movie Studio is a major independent film studio in South Florida, placing it in an ideal position to benefit from the surge in demand for original content production.
The Company previously announced that it has extinguished $900,000 in convertible debt; The Movie Studio is now very proud to announce that $125,000 in convertible debt is 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 ongoing effort to strengthen the financial position of the Company and improve its standing in the capital markets. 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.
“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
The Movie Studio, Inc.
Gordon Scott Venters
President & Chief Executive Officer
2542 E. Sunrise Blvd.
Ft. Lauderdale, Florida 33304
This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results, specifically in the areas of future sales growth and profitability. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition, and other material risks.
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