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Posted On: 04/09/2020 4:00:56 PM
Post# of 110
NetworkNewsBreaks – The Movie Studio Inc. (MVES) Enters MOU to Acquire BINGE Networks
The Movie Studio (OTC: MVES), a vertically integrated motion picture production company, this morning announced that it has executed a memorandum of understanding (“MOU”) to acquire BINGE Networks, LLC., an award-winning streaming media platform. Both companies are currently conducting due diligence and seek to complete their transaction and enter into a Letter of Intent (“LOI”) in the near future. BINGE Networks’ operations and assets are synergistic to The Movie Studio’s growth-by-acquisition business model, in which MVES seeks to obtain a leading market position based on ad streaming measurements and big data analytic trends competing for uptick viewership. The company intends to vertically integrate the assets and infrastructure of BINGE Networks with its existing OTT and app for dissemination of MVES content and cross-pollination of advertisers and strategic partners.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
The Movie Studio (OTC: MVES), a vertically integrated motion picture production company, this morning announced that it has executed a memorandum of understanding (“MOU”) to acquire BINGE Networks, LLC., an award-winning streaming media platform. Both companies are currently conducting due diligence and seek to complete their transaction and enter into a Letter of Intent (“LOI”) in the near future. BINGE Networks’ operations and assets are synergistic to The Movie Studio’s growth-by-acquisition business model, in which MVES seeks to obtain a leading market position based on ad streaming measurements and big data analytic trends competing for uptick viewership. The company intends to vertically integrate the assets and infrastructure of BINGE Networks with its existing OTT and app for dissemination of MVES content and cross-pollination of advertisers and strategic partners.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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