The Movie Studio Inc (OTCMKTS:MVES) has been exploding higher in recent days. Shares of MVES have caught fire on a massive increase in trading volume, including a breakout above the stock’s major moving averages for the first time in more than six months. The company is in the motion picture production and distribution space and has been working to establish an app-based distribution avenue, which is why recent news has been such an explosive factor in the stock’s action.
Specifically, the company announced that it has begun to monetize its content through a revenue share with Amazon.com as it prepares to launch its proprietary “Vu-Me” app. According to the release, “through utilization of Amazon’s Video on Demand (VOD) platform, The Movie Studio, Inc. will be streaming its bundled motion picture content across Amazon’s Content Delivery Network (CDN) on a revenue share basis.”
The Movie Studio Inc (OTCMKTS:MVES) operates as an integrated motion picture production and distribution company. It acquires, develops, manufactures, and distributes independent motion picture content for worldwide consumption in theatrical, video on demand, foreign sales, and on various media devices.
The Movie Studio, Inc., through its network of movie theaters, exhibits critically acclaimed films, cultural programming, art films, documentaries, foreign language films, independent cinema, concerts and others. The company was formerly known as Destination Television, Inc. and changed its name to The Movie Studio, Inc. in November 2012.
The Movie Studio, Inc. was founded in 1961 and is based in Hallandale Beach, Florida.
According to company materials, “The Movie Studio, Inc. is currently involved with substantial feature film projects, music videos, television shows and other intellectual properties. The Movie Studio, Inc., an integrated motion picture production company, develops, produces, and distributes independent motion picture content for worldwide consumption on various devices. The company intends to produce independent content, including indie movies with relevant movie stars and indie soundtracks to substantial fan bases. Our unique platform provides locations digital and print elements leveraging motion picture content on digital devices and platforms and other traditional media and advertising applications. This can be a significant traffic driver in the digital world to locations point of sales (POS).“
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As noted above, the stock has been on the move in recent sessions as a truly explosive play on the OTC this week. This stock was in deep sub-penny territory a couple days ago, but has now moved up to nearly challenge the penny level as it gets some traction with an app-based distribution strategy.
Gordon Scott Venters the President and CEO of The Movie Studio, Inc. stated: “Without question the most valuable asset of The Movie Studio is our brand and with our new OTT technology platform supported by numerous verticals that when cross pollinated, and leveraged with our content on a multitude of channels and devices could raise The Movie Studio brand and business model into major independent studio recognition.”
Recent action has seen just under 290% during the past week in terms of shareholder gains in the listing, a bounce that has taken root amid largely bearish action over the larger time frame. However, MVES has a track record that includes a number of dramatic bounces. In addition, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed just under 860% beyond what we have been seeing over the larger time frame.
At this time, carrying a capital value in the market of $2.6M, MVES has virtually no cash on the books, which must be weighed relative to virtually no total current liabilities. One should also note that debt has been growing over recent quarters. MVES is pulling in trailing 12-month revenues of $21K. However, the company is seeing declines on the top-line on a quarterly y/y basis, with revenues falling at -91.9%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $MVES stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $MVES, either long or short, and we have not been compensated for this article.