LAS VEGAS, NV–SVSN, (Marketwired – Sep 28, 2017) – StereoVision Entertainment, Inc. (OTC PINK: SVSN), a publicly traded Nevada company, announced that they’ve received a worldwide distribution contract from MULTICOM http://www.multicom.tv/ for their library of 11 feature films in the Pacific Titles Archives deal. http://www.pacifictitlearchives.com/
“We’ve put together a very favorable distribution deal with MULTICOM for our 11 film library,” said StereoVision’s CEO Jack Honour. “It’s a zero cost to us earnings sharing deal so when anyone makes money, everyone makes money. And it covers all forms of media so after being digitized these films can be for sale everywhere from digital downloads and DVD’s on Amazon.com and youtube.com to cable and PPV TV. The agreement calls for the rights of all 11 films to revert to StereoVision in five years so once digitized these films are evergreen for the Company. With Apple recently spending a billion dollars buying content, and Netflix having spent almost seven billion dollars on content so far, digital content libraries of all kinds continue to gain value.”
“We acquired these 11 films from our majority owned family entertainment subsidiary, Inspirational Vision Media (IVM), for five million restricted shares of StereoVision’s publicly traded stock which had a market value of $250k at the time of the transaction, and we expect these five million restricted shares to remain as an asset on IVM’s balance sheet,” Honour added. “These 11 films cost approximately $28mil to produce and we have an outside Industry expert valuation of $1,810,000 for six of the films so to date, the Company has done very well with this acquisition. The list of the 11 films in this library can be viewed at http://stereovision.com/information.php.”
StereoVision Entertainment http://stereovision.com
Headquartered in Las Vegas, Nevada StereoVision is a publicly traded Nevada corporation (OTC PINK: SVSN) focused on creating, acquiring, and producing multimedia content with its media subsidiaries, the wholly owned 9 time Emmy Award-winning production company REZN8, http://rezn8.com, the majority-owned family entertainment company, Inspirational Vision Media, http://ivmi.biz, and the majority-owned Florida medical marijuana clinic and industrial hemp corporation MediCannaVision Inc., dba CannaVision. http://cannavisionclinics.com
Safe Harbor Statement: Except for historical information certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that these forward-looking statements are qualified by other factors. The Company undertakes no obligation to publicly update any statements in this release, whether as a result of future events or otherwise.