NetworkNewsBreaks – The Movie Studio Inc. (MVES)
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The Movie Studios (OTC: MVES), an independent motion-picture production and distribution company, is poised to benefit in the growing video on demand (“VOD”) space. A recent Protocol publication indicates that, while cable and TV subscribers are down, a growing number of cord cutters haven’t stopped watching the screen and are moving to VOD (http://nnw.fm/6FFyR). A recent article addressing this trend discusses The Movie Studio’s positioning and strategy as it works to establish a proprietary over the top (“OTT”) VOD platform to deliver to today’s consumers. The piece reads, “Netflix and Disney+ are big players in the VOD space, but a growing number of smaller companies are making a move in the growing sector, and The Movie Studio is leading the charge. MVES is committed to acquiring, developing, producing and distributing independent motion picture content for worldwide consumption via subscription and advertiser video on demand (SVOD/AVOD), OTT platforms, foreign sales and various media devices.”
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