The Movie Studio, Inc. (OTC Pink: MVES) Climbs 20% After Signing Content License and Revenue Participation Agreement With Lotus Research
The Movie Studio, Inc. (OTC Pink: MVES) is engaged as a vertically integrated motion picture production and development company. Shares of the film developer rallied 20% on Thursday, October 19, 2017. Over the past month, The Movie Studio, Inc. has seen average daily volume of 1.95 million shares. However, volume of 32.62 million shares or dollar volume of $ 97,860, exchanged hands during trading on Thursday.
Shares of The Movie Studio, Inc. climbed today, after the company announced that it has signed a 5-year content license and revenue participation agreement with Lotus Research, Inc. for the development of Vu-Me application. The Movie Studio, Inc. will stock the library with its “New Releases” and video on-demand (VOD) platform. Furthermore, the company plans to integrate its Emerging Pictures acquisition into all upcoming assets. Overall, Vu-Me will be The Move Studio App that will provide comprehensive video and digital content. Here is the full press release detailing of the development partnership:
The Movie Studio, Inc. Press Release:
HALLANDALE BEACH, Fla., Oct. 19, 2017 (GLOBE NEWSWIRE) — The Movie Studio, Inc. (OTC:MVES) (the “Company”) www.TheMovieStudio.com is a vertically integrated motion picture production and distribution company motion pictures, production and distribution assets.
The Movie Studio, Inc. is pleased to announce that it has successfully negotiated a content license and revenue participation agreement with Lotus Research, Inc. for the Vū-Mē on-line content aggregation and application platform. The Movie Studio and Vū-Mē App Platform intend to implement an on-line platform and dashboard for “The Movie Studio” with a subscription based credit card interface to access The Movie Studio library and “New Releases” of owned and licensed content available for Video on Demand (VOD) to monetize the content including a back end “bank” In addition to the VOD Platform, The Movie Studio intends to integrate in the acquisition of Emerging Pictures and all of its assets, including its proprietary intellectual property, which includes an innovative technology for a Commercial VOD (Video on Demand) digital delivery platform presently deployed in over 130 theaters, as well as digital distribution rights to potentially many hundreds of films. The technology can also be used to gauge consumer demand as well as provide advanced data analytics to match and deliver content. This enables providers and exhibitors to be more effective and advanced in their distribution tactics and have greater direct contact and feedback from their audiences. The network of over 130 theaters in which the VOD hardware is presently deployed spans 36 states in the U.S.
“With many competing apps available to consumers, Lotus Research opted to leap ahead of the technology wave with several important features,” noted Leo Pimentel. These features include: (1) low latency across WiFi and cellular networks; (2) 4K and HD streaming and playback; (3) a proprietary compression algorithm; (4) rapid share-ability across social networking sites and communication channels; (5) machine-learning algorithms to refine and enhance search and content relevance; and (6) effective content tracking across all platforms on and off Vū-Mē for robust and accurate reporting and metrics gathering. Leo Pimentel, CEO & Founder, stated today.
About Lotus Research, Inc.: Lotus Research is headquartered in New York City and was founded by Leo Pimentel in 2014. With a mobile-first approach, Lotus Research emphasizes advanced technology, exceptional product design, and immersive user experiences to bring practical and entertaining solutions to market.
“Vū-Mē (http://vu.me) is The Movie Studio “APP” that we have always envisioned and when completed, could accelerate The Movie Studio, Inc. content and business model with a unique platform currently not implemented by any other independent motion picture Company and create unique value propositions for on-line subscribers aligning an APP for Theatrical Releases and subsequent VOD releases, would be a “Netflix for Movie Theaters” ideology with VOD on all your devices. Gordon Scott Venters, President and CEO stated today.
About The Movie Studio, Inc.
The Movie Studio, Inc. is a vertically integrated motion picture production and distribution Company with completed motion picture and production assets. The Company acquires, develops, manufactures, and distributes independent motion picture content for worldwide consumption in Theatrical, Video on Demand (VOD), Foreign Sales and on various media devices. For more information, please go visit: www.TheMovieStudio.com.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.
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