- MVES recently signed an agreement with FILMHUB
- This agreement allows the Movie Studio to license FILMHUB’s catalog for viewing soon on company app
- The Movie Studio is growing strategic partnerships throughout streaming media, movie industry to be released on proprietary Over the Top (OTT) Video on Demand (VOD) platform
The Movie Studio Inc. (OTC: MVES), a vertically integrated motion-picture production company based in Fort Lauderdale, Florida, recently signed an agreement with FILMHUB for the licensing and distribution of motion pictures (http://ibn.fm/LLdvn). In addition, the Movie Studio will license its catalog to FILMHUB for distribution by way of its online film marketplace.
“We are excited to begin to offer hundreds of titles on our OTT platform in addition to licensing our titles to FILMHUB and its associated OTT partners,” MVES studio president and CEO Gordon Scott Venters stated in a news release. “As we continue to grow shareholder equity by acquisition and strategic partnerships, we believe FILMHUB is a perfect partner for continued growth. We look forward to a long and mutually profitable and beneficial partnership.”
FILMHUB of Santa Monica, California, has its modern, technology-driven B2B (business to business) marketplace for filmmakers to reach streaming channels worldwide. FILMHUB has more than 12,000 titles available for licensing to more than 100 channels.
The Movie Studio App is a subscription, advertising-based (SVOD & AVOD) online streaming platform that features the Movie Studio’s library as well as other licensed content. Therefore, the Movie Studio’s agreement with FILMHUB is noteworthy because, with this agreement, MVES will license FILMHUB’s catalog for viewing on the app. FILMHUB’s platform takes the whole film distribution process online and adds smart data layers for discovery, automated asset fulfillment and payment processing.
Complementary to the Movie Studio’s acquisition, development, production and distribution of independent motion picture content, MVES is also establishing its own OTT VOD platform. The exclusive offering will consist of its own content along with aggregated feature films television programming and other media intellectual properties (IPs).
The Movie Studio’s growth-by-acquisition strategy includes purchasing legacy film libraries and controlling its revenue streams via server-driven, geo-fracturing worldwide territories and its own OTT platform. The company’s strategy also includes upgrading acquired films to 4K resolution and re-monetizing with “new” film content on popular VOD streaming platforms across the internet. Moreover, MVES’s strategy includes strategic partnerships and media content alignment with other OTT platforms and cross-collateralization of leverageable media assets for global distribution as well as producing microbudget motion picture content with considerable production value.
The expectation is that the worldwide video-streaming market size will reach $184.3 billion by 2027 and register a CAGR (compound annual growth rate) of 20.4% from 2020 to 2027. Increasing usage of videos in corporate training and in the education sector is expected to propel the market. The OTT segment held the largest revenue share and is expected to grow at the fastest pace over the forecast period (http://ibn.fm/mSomy).
The Movie Studio concentrates on acquiring, developing, producing and distributing independent motion picture content for global consumption through subscription and advertiser video on demand (SVOD/AVOD), over the top (OTT) platforms, foreign sales and various media devices.
MVES continues to focus on changing the way independent motion pictures are made and distributed. For investors, the potential for significant ROI exists as the commercial VOD (video on demand) technology owned by the company is an efficient means of distribution. With the aim of increasing overall revenues for all parties in the motion picture production and distribution channels, the Movie Studio is disrupting traditional media content delivery systems with its digital business model of motion picture distribution.
For more information, visit the company’s website at 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