The Movie Studio, Inc. (OTC MVES) Executes Distribution Agreement with Cinema Arts for Foreign Sales Motion Picture Representation
7:17 AM ET 11/20/18 | GlobeNewswire
The Movie Studio, Inc. (OTC MVES) Executes Distribution Agreement with Cinema Arts for Foreign Sales Motion Picture Representation
FT. LAUDERDALE, Fla., Nov. 20, 2018 (GLOBE NEWSWIRE) -- The Movie Studio, Inc. ("MVES") (the "Company") (OTC: MVES) www.themoviestudio.com
The Movie Studio, Inc. is pleased to announce its agreement with Cinema Arts ("Cinema Arts" or "CAE") for the distribution of The Movie Studio's feature films for all foreign sales territories. The agreement is the result of successful negotiations between Cinema Arts on and The Movie Studio which took place during the 2018 American Film Market in Santa Monica California from October 31 -- November 7, 2018.
Cinema Arts Entertainment attends and exhibits motion pictures at major film markets and festivals. CAE maintains an annual presence at Cannes Film Festival, Berlin Film Festival, MIP TV, MIPCOM and American Film Market among others. Cinema Arts is a member of AFMA (American Film Market Association) and has over twenty years in the industry developing successful relationships and building distribution channels throughout all major international territories.
According to the agreement, The Movie Studio, Inc. will continue to maintain control of all Domestic United States Distribution Rights to the Company's motion picture film library not currently licensed. MVES will also maintain control of all Domestic United States Distribution Rights to the Company's upcoming films currently in production such as "PEGASUS", "CAUSE AND EFFECT" and "KING OF THE SPORT OF KINGS".
This agreement will have no affect on The Movie Studio's current distribution agreements with All Channel Films, Amazon Prime, Comcast XFINITY On Demand, Showtime and other distribution agreements which supersede the new agreement with Cinema Arts.
"In certain territories, especially in Europe, film distribution is an established artform of its own as evidenced by the popularity of the iconic Cannes Film Festival. It has become an integrated part of the culture. Cinema Arts and its longstanding associations with buyers of licensed quality content advances our strategy to establish a global audience for The Movie Studio's current and upcoming slate of feature films and begins our monetization of the Global Market." Gordon Scott Venters the CEO of The Movie Studio announced today.
