VANCOUVER, British Columbia, Aug. 04, 2021 (Globe NEWSWIRE) — Liquid Media Team Ltd. (“the Organization,” “Liquid Media” or “Liquid”) (Nasdaq: YVR) today declared the signing of a letter of intent (the “LOI”) to obtain Electronic Cinema United Keeping Ltd. (“DCU”), which delivers information supply chain technologies and companies supporting independent intellectual home (IP) owners, producers, sales brokers, alternate articles distributors, downstream media platforms and studios. Beneath the conditions of the LOI, Liquid would acquire DCU for up to 3,750,000 shares, and DCU need to accomplish revenues totalling in excess of US$15M to result in two of the 3 equivalent tranches. Supplemental dollars will be invested in DCU’s ongoing operations, starting with immediate availability of a secured bridge mortgage in the volume of $1.15M, to be applied toward working capital and expansion of its organization.
Supporting the big picture from material source file development to distribution, DCU’s source chain gives a full suite of major asset development solutions to current video clip, audio and information stream information with pristine clarity. DCU produces localized deliverables to guarantee intercontinental supply, offers ideal exercise hybrid solutions for information success throughout 40+ international locations, and provides theatrical and downstream companies under 1 roof with deliveries to the the greater part of the world’s digital platform providers.
“We are enthusiastic to include DCU as an integral element of our 4-stage enterprise methods motor, bringing crucial, up coming-generation engineering that puts unbiased IP creators of all sizes and types on an even taking part in field with main studios across creation products and services, international servicing, as nicely as theatrical and digital distribution,” claimed Ron Thomson, CEO of Liquid Media.
“DCU is delighted to sign up for the Liquid Media ecosystem. Liquid’s eyesight is in line with our ambitions and acquiring a multi suite of instruments and products and services that supply impressive alternatives for the upcoming of articles distribution is exactly what our market wants,” reported Alan Christensen, CEO for Electronic Cinema United. “DCU provides an extremely scalable architecture that is remarkably used and well built-in across a number of concentrations of the provide chain. We seem forward to channelling into extra regions of written content movement and bringing extra worth to our buyers and exhibition partners.”
End-to-Conclusion Excellence for Source Chain Expert services
In manufacturing providers, DCU operates with IP proprietors and producers to produce the main content source files that act as the essential spine for the global deliverables of distribution.
The upcoming stage in the technological know-how supply chain covers global servicing, as DCU collaborates with intercontinental gross sales brokers to be certain delivery schedules comply with distributor anticipations in advance of setting up the process of asset generation for supply. DCU delivers Digital Cinema Deal (DCP) versioning with full localization, house video clip components, broadcast deliverables, and all electronic distribution information complying with up-to-day specification sheets for all various information platforms. The DCP file format is the identify supplied to the selection of digital data files despatched to a cinema or streaming system.
DCU distribution leverages a trustworthy world network showcasing eDelivery to deal with distribution across 40+ countries in North The us, Latin The us, Australia, New Zealand, Europe, the Middle East and Africa. This website link in the supply chain allows studios, mini-majors and majors, to consolidate distribution throughout numerous territories via a widespread network though simultaneously bringing local DCP provider solutions to unbiased distributors from within each individual territory.
The remaining piece of DCU’s articles supply chain is comprised of electronic and downstream distribution products and services. DCU’s residence leisure division has authored, encoded, and delivered hundreds of DVD, Blu-ray, and VOD titles for shoppers to important retail chains as well as iTunes, Amazon, Google Play, Hulu, and a lot of other digital platforms.
Extra Thomson, “We could not be extra happy of the cross-platform abilities we are developing out throughout intelligence and analytics, financing, engineering, and monetization, so that IP house owners doing work with Liquid have a specialist, reliably managed remedy to push sustainable expansion. DCU will play a very important job in know-how products and services and we are delighted to be welcoming them into the Liquid small business household.”
Remaining terms of the acquisition will be negotiated and memorialized in binding and definitive documentation to be entered into at or prior to closing. Completion of the acquisition is matter to customary because of diligence, documentation provisions and any essential share issuance needs and approvals.
Electronic Cinema United (DCU) is a global company of specialized content material services for theatrical, residence leisure, and electronic distribution platforms, with operations in Los Angeles, London, Malta, Prague and South Africa. DCU supports the distribution of written content for Hollywood majors, impartial studios, celebration cinema distributors, and renowned producers and material proprietors all over the world by means of DCP Production and DCP Supply services of attribute films and motion picture trailers to all cinemas in North The united states, Europe, Center East, Africa, Australia and New Zealand. DCU also presents Intercontinental Servicing with Localization throughout the world and direct delivery to Video clip-On-Desire (VOD) streaming platforms. DCU operates TPN (Trustworthy Spouse Community) licensed amenities across all of its locations.
Supplemental information and facts is out there at https://digitalcinemaunited.com/.
About Liquid Media Team Ltd.
Liquid Media Team Ltd. (Nasdaq: YVR) is a enterprise remedies corporation empowering unbiased IP creators. Liquid’s finish-to-stop remedy will empower expert video (film/Television set and video clip match) generation, packaging, financing, shipping, and monetization, empowering IP creators to take their specialist written content from inception by means of the total procedure to monetization.
Added information is out there at www.LiquidMediaGroup.co.
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This news launch involves statements containing particular “forward-wanting information and facts” in the this means of relevant securities legislation (“forward-on the lookout statements”). Ahead-searching statements are ordinarily identified by words and phrases such as: “consider”, “anticipate”, “anticipate”, “intend”, “estimate”, “likely” and identical expressions, or are these, which, by their mother nature, refer to potential occasions. This sort of ahead hunting statements consist of, but are not minimal to, that the Company will be in a position to consummate the acquisition of Digital Cinema United (DCU), and that DCU will continue on to maximize its revenues. These statements really should not be read as guarantees of upcoming effectiveness or benefits. Further, these kinds of statements contain identified and unidentified threats, uncertainties and other variables that may well result in real effects, performance, or achievements to be materially distinct from these implied by these statements. Such variables include, but are not limited to: developments related to the COVID-19 pandemic, regulatory steps, marketplace prices, ongoing availability of capital and financing, and general financial, market or company ailments. Buyers are cautioned that any these statements are not ensures of long run general performance and precise benefits or developments may perhaps differ materially from those people projected in the forward-seeking statements. Forward-searching statements are based on the beliefs, estimates and viewpoints of the Firm’s management on the day the statements are manufactured. The Corporation is below no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, no matter whether as a final result of new data, long term events or if not, other than as expressly necessary by applicable legislation.