METATRON ANNOUNCES JOINT VENTURE WITH CIRCA PICTURES (OTC:CPPD) TO LAUNCH GLOBAL ENTERTAINMENT CROWDFUNDING NETWORK
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Dover, DE -- August 19, 2016 -- InvestorsHub NewsWire -- Metatron (OTC:MRNJ ) will embark on a joint venture with Circa Pictures (OTC:CPPD) to develop a global content channel for unique content and new project sneak peaks along with a corresponding crowdfunding platform. This will be the first event-based crowdfunding network that will allow content creators to showcase their projects and raise funds through viewer participation.
“By 2016 the crowdfunding industry is on track to account for more funding than venture capital, according to a recent report by Massolution. Just five years ago there was a relatively small market of early adopters crowdfunding online to the tune of a reported $880 million in 2010. Fast forward to today and we saw $16 billion crowdfunded in 2014, with 2015 estimated to grow to over $34 billion. In comparison, the VC industry invests an average of $30 billion each year. Meanwhile, the crowdfunding industry is doubling or more, every year. “- Forbes
The purpose of the joint venture shall be to create websites, apps, social media and Youtube channels to operate as a global content network for various entertainment productions. Corresponding crowdfunding will be acquired and contracted from members, one-off viewers, and commercial customer contracts serving the entertainment industries on a national and global basis.
As part of the project the companies will also participate in a stock swap and plan to dividend the resulting common shares to their respective shareholders in the near future. New non-dilutive funding for the joint venture will be provided by third-party finance companies and new customer contracts.
Circa Pictures currently owns and is also in partnership on a number of TV shows (reality and scripted) as well as movies that are in various stages of marketing or pre-production for distribution opportunities in the USA, Canada with potential International syndication.
Metatron provides digital content distribution across mobile and web platforms. Through its app division i-Mobilize, the company was an early pioneer in the app industry and developed over 2000 apps generating millions in sales and downloads for high profile clients. Metatron conceives, creates, and monetizes content for its customers in order to reach a global audience. The Company released some of the first legal Hemp and CBD related apps on iTunes and Google Play. The App Industry is estimated to reach $77 billion in 2017 according to Entrepeneur.com.
