MetaWorks Platforms Inc (MWRK)

[Op2mst]

MWRK Movie Production News Out

MWRK - MetaWorks Platforms Names Film Producer and Industry Veteran, George Furla to its Advisory Board

https://finance.yahoo.com/news/metaworks-platforms-names-film-producer-111500999.html

MWRK has brought on a fellow named George Furla who seems to have some pretty big time movie production experience with substantial stars - Mark Wahlberg, Bruce Willis, Sylvester Stallone and Robert De Niro, to name just a few.

Here is Furla's IMDB - https://www.imdb.com/name/nm0298915/

My guess (and I am guessing) is that MWRK is making a play for the metaversification of the streaming video market.

Streaming video is all about subscribers - at the moment. But the Streaming industry is suffering with the competition to win and maintain subscribers.

See news out just today ...

PARA- Paramount stock plummets after earnings show widening streaming losses, ad softness

https://finance.yahoo.com/news/paramount-stock-plummets-after-earnings-show-widening-streaming-losses-ad-softness-112140577.html

While researching the metaverse and entertainment industries, I found this Fortune article written by Deloitte executives that talks about the struggle for Streaming Services to hold on to young subscribers that subscribe and cancel subscriptions for specific shows and prefer short format videos (youtube and tiktok) and gaming to Streaming anyway.

"This is where the consumer demand of the metaverse—or metaverses – starts to come into focus. For more people, and especially younger generations, entertainment is increasingly social, interactive, personalized, and immersive, bringing in characteristics of the real world and amplifying and unleashing them with the endless possibilities of the digital. If we step back, social media and social gaming already look much more like metaverses than streaming video does."

Here is the entire article ...

Can streaming video survive the metaverse?

https://fortune.com/2022/03/29/streaming-tv-movies-metaverse-entertainment-industry/

I want to believe MWRK is targeting that new streaming/game/short-video-format/metaverse space. Maybe I'm dreaming this up connecting dots that aren't there. So, I'll keep watching MWRK. The entertainment metaverse seems to me to be a smart target and one likely to be acquired by a big name streaming company if it has some success establishing traction with a new metaverse entertainment service.