Metatron Inc (OTCMKTS:MRNJ) Enters Into A Joint Venture With Circa Pictures And Production Co Intl (OTCMKTS:CPPD)
Metatron Inc (OTCMKTS:MRNJ) has finalized a joint venture with Circa Pictures And Production Co Intl (OTCMKTS:CPPD) to advance an international media channel for innovative content along with a agreeing video crowdfunding base.
As part of the assignment, the firms have now accepted for a mutual stock swap in a sum almost equal to 5% of their existing issued and outstanding stock. It is expected that some part of this equity will be utilized as a special dividend to the firms’ respective shareholders. The dividend will substitute the previously reported forward split, details to be announced at a later time. This deal will enable both firms to participate in each other’s development and progress.
The Joint Venture is developing social media, YouTube, websites and apps channels to function as an international content network for numerous entertainment production projects and clients. The video crowdfunding will be done from one-off viewers, commercial customer contracts and members serving the entertainment industries on a global and national basis. The JV currently has a product pipeline of over a dozen television and movie projects seeking total funding over $25 million. This platform has a planned release before the close of 2016.
Circa Pictures presently owns and is also in association on numerous TV shows (scripted and reality). The firm is working on movies that are in different phases of pre-production or marketing for distribution prospects in the USA and Canada with prospective global syndication.
Metatron offers digital content distribution across web and mobile platforms. Through its app segment i-Mobilize, the firm was an early leader in the app industry and advanced more than 2000 apps recording millions in downloads and sales for high profile clients.
The company conceives, monetizes and develop content for its clients for reaching global audience. It launched some of the first approved CBD and Marijuana related apps on Google Play and iTunes. The app industry is projected to touch $77 billion in 2017 as per Entrepeneur.com, and legalized Cannabis Industry to hit $23 billion by 2020 with yearly compound growth rate of 35%.© Copyright 2016 OTC News Magazine. All rights reserved.