Thursday, October 25, 2012 9:59:02 AM
Norman Birmingham, CEO of Rounder Inc., points out that Gravity Collections, Inc. (GCI) has successfully rolled up seven premium action sports companies and in addition has purchased various other content to bring their (GCI) library to over 900 titles. This library has a third party appraisal of $185,000,000. GCI’s library along with new series productions are available to stream to multiple platforms including connected televisions, Blu-ray players, game consoles, mobile devices and PCs. This distribution method is done on a subscription basis. The revenues that are forecasted be realized by Rounder Inc., are substantial. As the agreement that is in place calls for 15% of the Thirty Million Dollar advertising budget to be paid for services rendered by BGGR Inc., Rounder Inc.’s subsidiary, which equates to $4.5 million dollars.
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