HHSE GOAL TO LAUNCH MYFLIX "LIVE" TO CONSUMERS
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Posted On: 09/15/2020 1:35:58 AM
HHSE GOAL TO LAUNCH MYFLIX "LIVE" TO CONSUMERS
MyFlix is a multi-studio streaming site offering both a transactional "pay-as-you-watch" model as well as a subscription plan for consumers. Hannover House has long envisioned this ambitious service as the "Walmart of digital streaming" in that the platform already has made 43 supplier agreements representing over 12,000 titles. Most recently, Hannover House planned for an August 25 launch of MyFlix, which has been delayed due to rights clearance issues from suppliers, including copyright proprietor authorizations and Errors and Omissions coverage. MyFlix has currently cleared over 1,100 titles for streaming with the company's insurance carrier and is adding over 300 clearances per week to the onboarded list of over 2,500 titles. It is the company's goal to launch the service "live" to consumers when the total of cleared titles reaches 2,500, which the company predicts should occur in late September. MyFlix has also acquired three new feature titles under an "exclusive" licensing basis - which will be prominently promoted on the site's home page, alongside an offering of major studio titles and the top picks from the site's extensive library of independent films. MyFlix will operate as a website, an O.T.T. (over-the-top) streaming service, and as an APP for smart devices and phones. VODWIZ, Inc. is handling the onboarding, clearances, and operations for MyFlix, which is a fully recognized and recorded trademark. Hannover House, Inc. has a management agreement with VODWIZ / MyFlix and the option to purchase both the entities and trademark upon the achievement of certain corporate benchmarks, including the retirement of a special purpose loan for the launch of the venture.
https://finance.yahoo.com/news/myflix-corpora...00129.html
HHSE
MyFlix is a multi-studio streaming site offering both a transactional "pay-as-you-watch" model as well as a subscription plan for consumers. Hannover House has long envisioned this ambitious service as the "Walmart of digital streaming" in that the platform already has made 43 supplier agreements representing over 12,000 titles. Most recently, Hannover House planned for an August 25 launch of MyFlix, which has been delayed due to rights clearance issues from suppliers, including copyright proprietor authorizations and Errors and Omissions coverage. MyFlix has currently cleared over 1,100 titles for streaming with the company's insurance carrier and is adding over 300 clearances per week to the onboarded list of over 2,500 titles. It is the company's goal to launch the service "live" to consumers when the total of cleared titles reaches 2,500, which the company predicts should occur in late September. MyFlix has also acquired three new feature titles under an "exclusive" licensing basis - which will be prominently promoted on the site's home page, alongside an offering of major studio titles and the top picks from the site's extensive library of independent films. MyFlix will operate as a website, an O.T.T. (over-the-top) streaming service, and as an APP for smart devices and phones. VODWIZ, Inc. is handling the onboarding, clearances, and operations for MyFlix, which is a fully recognized and recorded trademark. Hannover House, Inc. has a management agreement with VODWIZ / MyFlix and the option to purchase both the entities and trademark upon the achievement of certain corporate benchmarks, including the retirement of a special purpose loan for the launch of the venture.
https://finance.yahoo.com/news/myflix-corpora...00129.html
HHSE
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