NEW YORK, January 30, 2018 /PRNewswire/ --
The Media and Entertainment industry is changing rapidly. According to a research report by Deloitte, business models and the economics of the industry are in the process of adapting to new technologies and the way modern consumers use content. The report indicates that given the fragmentation of audiences, companies need to focus on expanding the reach of their content to the broadest audience possible. In part, that means recognizing that many of today's viewers, particularly millennials are cord-cutters and are probably only reachable via Internet-streaming channels. All For One Media Corp. (OTC: AFOM), Modern Cinema Group, Inc. (OTC: MOCI), Innovativ Media Group, Inc. (OTC: INMG), Global Eagle Entertainment Inc. (NASDAQ: ENT), Cinedigm Corp. (NASDAQ: CIDM)
Internet streaming is the new the new sector where the Media and Entertainment industry strives. According to data published by PWC, Internet video (defined as consumer spending on streaming services, such as Netflix) will grow at an 11.6 percent CAGR to $36.7 billion by 2021. PWC indicates that in order to expand globally, Netflix and Amazon have taken different content strategy approaches, "Netflix is investing $6 billion to create original content in 2017. It plans to coproduce original, local "flagship" content that can be heavily promoted to drive up subscriptions in a number of countries. A leading equity analyst estimated that Amazon is spending $4.5 billion on original content. But the company has focused on fewer big markets. It is building a slate of multilingual offerings largely by acquisition and by coproducing original content with local firms."
All For One Media Corp. (OTCQB: AFOM) yesterday provided an investor update that the company, "is looking forward to making the transition from a development stage corporation creating and acquiring media assets to a content provider launching multiple initiatives in 2018 marketed to our core tween demographic. AFOM is in the final stage of completing its first full length major motion picture, the Musical Dramedy "Crazy for the Boys". Having completed Principal Photography on July 30th, 2017 in Savannah, Georgia, the film is currently in post-production, the final phase of development, and expects completion over the next fiscal quarter ending March 31st. The movie is being branded as the first installment of several films along the lines of other music oriented tween marketed franchises like Pitch Perfect and High School Musical."
The movie is based on the fictionalized back-story of the five girls - all High School Seniors - who while remarkably different are forced together by the School's Principal, portrayed by Saturday Night Live Alumni Cheri Oteri, to solve the bullying problem that has reached epidemic proportions. Crazy for the Boys is the perfect teen "coming of age" dramedy completely capturing the nuances of High School: teen angst, unrequited love, the mean popular girl, and peer pressure. The movie features fourteen original instantly likable pop songs and infectious choreography. AFOM management believes 'Crazy for the Boys' is destined to become an essential part of pop culture for generations of tweens.
The Company is currently in talks with Major Record labels for the distribution and marketing of the Movie Soundtrack along all Digital and traditional retail platforms.
Crazy for the Boys is also unique in that it is not only a major motion picture but also the first film in history to launch an original major new character driven pop group called Drama Drama. The characters represent the same distinct cross section of popular teen personas they portray in Crazy for the Boys. Each group member is highly stylized to represent a distinct fashion statement. An overriding theme to the group is the celebration of individuality, as each character is markedly different. Over the course of 2018, AFOM expects to recognize revenues from the Worldwide release of Crazy for the Boys, the accompanying Soundtrack and a touring pop group introduced to the world through the release of the movie.
Commented AFOM's CEO, Brian Lukow, "It is a tremendously exciting period for both management and our shareholders as we are on the cusp of witnessing years of hard work and careful planning coming to fruition with the release of Crazy for the Boys and the extraordinary girl group it spins off." AFOM's objective is to capitalize on a wide array of potential revenue streams, including Domestic and Foreign Film Box Office, Music sales, Touring, and Merchandising.
In addition, as previously announced, the Company has acquired all of the original Master Recordings of the former Billboard Number 1 selling Boy Band "Dream Street". The company has released the first fourteen of those recordings across all major digital platforms including Spotify, iTunes Music, Amazon and Pandora. According to journalist Hayley Lerner, "Dream Street fans were rabid, rivaling Beatlemaniacs in their intensity. There was only one Tween pop Boy Band: Dream Street. Dream Street was a media darling and as such, Dream Street was peerless in its Tween pop stardom."
Dream Street was originally co-created by AFOM's, CEO and President Brian Lukow who commented, "Watching the original video footage and listening to Dream Street's music has cemented my feeling that there is a captivating story to share that will resonate not only with Dream Street fans but with anyone who shares a fascination with the marriage of music and business."
AFOM will be forming a new Boy Band through an extensive audition process similar to our girl group casting. As noted before, the tectonic demographic shift in technology and distribution has made it easier to reach a worldwide audience than any time in history."
Lukow added, "We are entering a golden age for Content Providers, especially within our core tween demographic with the convergence of Social Media and Traditional Media along with the increased demand for quality content propelled by the emergence of Companies like Netflix, Hulu, and Amazon. From a business perspective, we believe this landscape has created 'the Perfect Storm'."
Modern Cinema Group, Inc. (OTC: MOCI) is a company that provides tools and services to the greater motion picture industry that is currently experiencing seismic change. On December 27, 2017, the company announced the signing of an agreement to co-finance the animated movie "Panda vs. Aliens", executive produced by Marvel Comics icon, Stan Lee. Modern Cinema Group recently signed an agreement with Los Angeles-Beijing Studios to co-finance "Panda vs. Aliens", executive produced by Stan Lee, the former editor-in-chief of Marvel Comics and now its Chairman Emeritus. Modern Cinema Group will provide financing for "Panda vs. Aliens" by way of its new Media Exchange. The Media Exchange allows producers, video distributors and speculators the opportunity to buy and sell shares of media assets in the same way traders buy and sell "futures" contracts for commodities such as gold, silver and currencies. "Panda vs. Aliens" is currently in production and is scheduled to be released in theaters during the third quarter of 2018.
Innovativ Media Group, Inc. (OTC: INMG) is a developer, producer and distributor of digital entertainment and other multi-media content. It is a principle partner in CannaNet.TV and distributes the motion picture assets of Lux Digital Pictures and, via New Broadway Cinema, develops Virtual Reality adaptations of stage shows. Innovativ also operates The Alien Interview Channel on YouTube, in partnership with Fullscreen, and the online channel HPLovecraft.TV. On December 7, 2017, the company announced that it has committed to produce "The Green Room Comedy Show" which will exclusively be available on CannaNet.TV, its online, ad supported channel, streaming entertainment, informational and educational content related to the cannabis culture and industry that launched November 28th.
Global Eagle Entertainment Inc. (NASDAQ: ENT) is a leading provider of media, content, connectivity and data analytics to markets across air, sea and land. Global Eagle offers a fully integrated suite of rich media content and seamless connectivity solutions to airlines, cruise lines, commercial ships, high-end yachts, ferries and land locations worldwide. On October 16, 2017, the company announced unaudited financial results for the fourth quarter and full year ended December 31, 2016. For the fourth quarter of 2016, Global Eagle posted revenue of $165 million, up 45.5% compared to the prior-year period; incurred net loss of $91.7 million; and generated Adjusted EBITDA* of $19.4 million, up 24.9% compared to the prior-year period. For the full year 2016, Global Eagle posted revenue of $538 million, up 26.2% compared to the prior year; incurred net loss of $112.9 million; and generated Adjusted EBITDA of $57.5 million, up 15.0% compared to the prior year.
Cinedigm Corp. (NASDAQ: CIDM) powers custom content solutions to the world's largest retail, media and technology companies. On January 19, 2018, the company announced a strategic alliance with leading Chinese entertainment company, Starrise Media Holdings Limited ("Starrise Media"), to release films in China theatrically and to digital platforms. Reciprocally, the alliance also paves the way for Cinedigm distribution of Chinese films in the North American marketplace. In addition to selectively releasing quality films theatrically, this new arrangement contemplates the release of hundreds of films into the home entertainment marketplaces in Chinaand North America, with particular focus on digital platforms. In addition, the two companies will evaluate opportunities to jointly produce Chinese/American film co-productions to take further advantage of this groundbreaking alliance.
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