The Movie Studio Executes MOU to Acquire Ott Platform, Apps and Assets of BINGE Networks

FORT LAUDERDALE, Fla., April 09, 2020 (GLOBE NEWSWIRE) — via NetworkWire – The Movie Studio Inc. (OTC: MVES) (the “Company”), a vertically integrated motion picture production company, today announces it has executed a memorandum of understanding (MOU) to acquire BINGE Networks, LLC. Both parties are conducting due diligence and in the near future seek to complete their transaction and enter into a Letter of Intent (LOI).
BINGE Networks (www.bingenetworks.tv) is an award-winning streaming media platform, recipient of the Most Innovative Media Content Monetizing & Streaming Platform CV-Magazine-USA 2019 and New York 2019 Award Programing. The BINGE App is built into over 100 smart TV networks, providing the ability to globally and instantly syndicate and monetize content through key strategic partnerships throughout the streaming media industry. The company offers five core revenue streams: streaming packages, subscription video on demand (SVOD), advertiser video on demand (AVOD), transactional video on demand (TVOD) and platform syndication.

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