The Movie Studio (OTC: MVES) today announced its entry into a strategic partnership and service agreement with VIVA Entertainment Group (OTC: OTTV) to align the mutually beneficial assets and associations of the two publicly traded companies. According to the update, the collaboration specifically focuses on potential cross advertising between the companies’ over-the-top (“OTT”) platforms and apps, content licensing, production and distribution services, as well as associations of current intellectual properties during the term of the agreement. “We are extremely excited about the strategic partnership with VIVA Entertainment, and the symbiotic approach that we both see regarding OTT platforms synchronizes with our disruptive motion picture production and distribution ideology, which could translate to substantial accelerated shareholder equity and potential substantial residual value between the companies,” said Gordon Scott Venters, CEO of The Movie Studio.
To view the full press release, visit https://ibn.fm/Uoaxd
About The Movie Studio Inc.
The Movie Studio 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 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 video on demand, foreign sales and on various media devices. The Movie Studio 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 was founded in 1961 and is headquartered in Fort Lauderdale, Florida. For information about the company, please 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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