10.3 C
New York

Liquid Media Completes Acquisition of Digital Cinema


- Advertisement -

VANCOUVER, British Columbia, March 08, 2022 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (“the Firm,” “Liquid Media” or “Liquid”) (Nasdaq: YVR) at present introduced the completion of its acquisition of Digital Cinema United Holdings Ltd. (“DCU”), which gives content material provide chain expertise and providers supporting unbiased mental property (IP) homeowners, producers, gross sales brokers, different content material distributors, downstream media platforms and studios. In closing this acquisition, Liquid bolsters Part III of its four-phase enterprise answer engine spanning the end-to-end artistic course of from inception to monetization.

“We’re extraordinarily happy to have reached this milestone, and to welcome the proficient DCU workforce to the Liquid Media household of firms,” stated Ronald Thomson, CEO of Liquid. “DCU’s established clientele expands the attain of our full answer providing, and supercharges our digital service infrastructure (part III). With best-in-class current providers and world attain, we share a imaginative and prescient of the larger image of distribution that we’re excited to convey to the market.”

- Advertisement -

Devoted to supporting content material homeowners, DCU gives streamlined Digital Cinema Bundle (DCP) providers to help with digital asset creation, supply and distribution. DCU’s digital provide chain and distinctive suite of instruments present the assist and providers required to current video, audio and knowledge stream recordsdata with pristine readability. As well as, DCU ensures worldwide supply by localized deliverables, gives finest observe hybrid options to satisfy content material throughout greater than 40 nations, and facilitates deliveries to nearly all of the world’s digital platform suppliers by its theatrical and downstream providers.

“DCU is an integral a part of the rising workforce below the Liquid Media Group umbrella. We’re excited to convey our numerous roster of loyal shoppers to an thrilling union of nice firms, spanning the business, who’ve just lately joined Liquid Media Group,” stated Alan Christensen, CEO for Digital Cinema United. “We look ahead to working collectively below Liquid management to enhance the assets obtainable to all independents on the earth of leisure.”

Liquid Media’s Digital Cinema United will proceed to offer its common digital end-to-end provide chain providers and instruments to shoppers throughout North America, Latin America, Australia, New Zealand, Europe, the Center East and Africa. In parallel, DCU will play an necessary position in Part III of Liquid’s enterprise answer engine, which covers built-in digital asset administration of content material for IP homeowners and creators of all sizes.

- Advertisement -

Liquid acquired DCU for $11.25M payable in frequent shares of Liquid, that are scheduled to be paid out to DCU traders throughout particular efficiency milestones in three tranches. The primary tranche of consideration shares was paid on closing, with two remaining milestones to be triggered by DCU revenues totaling greater than US$15M over a five-year interval. Extra money is being invested in DCU’s ongoing operations. Additional particulars of the acquisition can be obtainable within the Firm’s year-end monetary statements filed on SEDAR.

About Liquid Media’s DCU:

A Liquid Media Group firm, Digital Cinema United (DCU) is a world supplier of technical content material providers for theatrical, house leisure, and digital distribution platforms, with operations in Los Angeles, London, Malta, Prague and South Africa. DCU helps the distribution of content material for Hollywood majors, unbiased studios, occasion cinema distributors, and famend producers and content material homeowners worldwide by DCP Manufacturing and DCP Supply providers of characteristic movies and film trailers to all cinemas in North America, Europe, Center East, Africa, Australia and New Zealand. DCU additionally gives Worldwide Servicing with Localization worldwide and direct supply to Video-On-Demand (VOD) streaming platforms. DCU operates TPN (Trusted Associate Community) licensed services throughout all of its areas.

- Advertisement -

Extra info is offered at https://digitalcinemaunited.com/.

About Liquid Media Group Ltd.

Liquid Media Group Ltd. (Nasdaq: YVR) is a enterprise options firm empowering unbiased IP creators. Liquid’s end-to-end answer will allow skilled video (movie/TV and online game) creation, packaging, financing, supply, and monetization, empowering IP creators to take their skilled content material from inception by your entire course of to monetization.

Liquid’s blockchain framework, developed with Eluvio, is enabling unbiased producers and content material creators to leverage blockchain expertise and NFTs to achieve new audiences, obtain lower-cost, decentralized distribution, entry manufacturing funding, promote merchandise and different particular entry experiences, and broadcast on to world audiences on their very own phrases.

Extra info is offered at www.LiquidMediaGroup.co.

Additional info:

Primoris Group Inc.
+1 (416) 489-0092

Media requests:

Investor / Enterprise
Adam Bello
Media & Analyst Relations Supervisor
Primoris Group Inc.
+1 (416) 489-0092 x 226

Jane Owen
Jane Owen PR
+1 (323) 819-1122

Cautionary Be aware Relating to Ahead-Wanting Statements

This information launch consists of statements containing sure “forward-looking info” inside the that means of relevant securities legislation (“forward-looking statements”). Ahead-looking statements are usually recognized by phrases akin to: “consider”, “count on”, “anticipate”, “intend”, “estimate”, “probably” and comparable expressions, or are these, which, by their nature, confer with future occasions. These statements shouldn’t be learn as ensures of future efficiency or outcomes. Such statements contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes, efficiency or achievements to be materially completely different from these implied by such statements. Such elements embody, however usually are not restricted to: developments associated to the COVID-19 pandemic, regulatory actions, market costs, continued availability of capital and financing, and common financial, market or enterprise situations, in addition to extra dangers disclosed within the Firm’s annual and quarterly monetary reviews obtainable at www.sedar.com. Traders are cautioned that any such statements usually are not ensures of future efficiency and precise outcomes or developments might differ materially from these projected within the forward-looking statements. Ahead-looking statements are based mostly on the beliefs, estimates and opinions of the Firm’s administration on the date the statements are made. The Firm is below no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as expressly required by relevant legislation.

- Advertisement -

Recent articles