- Streaming sites are among businesses that have seen an uptick in sales during worldwide pandemic
- Content key for companies in streaming space
- The Movie Studio moving forward in space, expanding content and keeping costs down
Not all businesses are struggling through the worldwide pandemic. A recent CompariTech article reported that streaming video is becoming a viable option for a growing number of viewers around the world, resulting in increasing numbers for companies involved in streaming content (https://ibn.fm/wSNni). The Movie Studio (MVES), a vertically integrated motion picture production and distribution company, is looking to become a major player in this star-studded industry, which now has national and international streaming services operating in almost every country.
“While many businesses have struggled due to stay-at-home orders, streaming sites are among the businesses that have seen an uptick in sales,” the article observed. “For example, Netflix added almost 16 million subscribers during the first three months of 2020. It attributed this high number to the fact that people are spending so much more time at home. Disney+ is another big winner, and an uptick in new subscribers pushed it past sister service Hulu in terms of user numbers.”
The article also noted the importance of content, with Netflix reportedly spending more than $17 billion on content in 2020; the company plans to spent $26 billion by 2028. And while content is key, a recent Nielsen Total Audience Report noted that cost, ease of use, and variety are also important streaming-service attributes (https://ibn.fm/t83gv).
Specifically, the report stated that 84% of users rank cost as an extremely or very important attribute when selecting a streaming service. This is closely followed by ease of use (81%), variety or availability of content (79%), streaming and playback quality (77%), and speed of menu selection and content loading (74%).
Aware of these key factors, the Movie Studio is strategically moving forward in the sector. The company is expanding its content by purchasing legacy film libraries — and then upgrading the acquired films to 4K resolution and remonetizing with “new” film content on popular VOD streaming platforms across the Internet. In addition, the company is currently in production of three original-content films: “Cause and Effect,” “The Last Warhead” and “Pegasus.”
With a priority on keeping costs down and creativity up, the Movie Studio is establishing a proprietary OTT VOD platform to distribute both its own and aggregated feature film projects, television programming and other media intellectual properties. In addition, the company is pioneering new media content-delivery systems with its digital business model of motion picture distribution as well as its plans to create a direct-server access platform of its content for worldwide distribution. In each effort, the Movie Studio is placing a high premium on accessibility, ease of use, quality of service and functionality.
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
