Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”)
(Nasdaq: YVR) is pleased to announce that Chairman Joshua Jackson
and CEO Ronald Thomson were keynote speakers at the inaugural
Playback Film Summit, a November 2021 conference focused on
accelerating the Canadian independent film industry. Moderated by
Hussain Amarshi, founder and CEO of Mongrel Media, the conversation
touched on the value Liquid is creating for independents, the
future of film, and how creators can take bigger steps towards the
limelight.
Liquid’s four-phase business solution, said
Amarshi, in some ways replicates the big studio structure by
consolidating data, information and intelligence for independent
producers. In doing so, Liquid makes it possible for creative
professionals to focus on the creative process and retain ownership
of their intellectual property while the Liquid family of companies
drives other critical processes from inception through
monetization.
“You need the right people thinking about the
right things,” Jackson told Playback Film Summit attendees, adding
that each stage of the production process has complexities where
different subject matter experts excel in creating solutions. “We
need to recreate the best of what the studio system did -- access
to financing, talent and distribution – without the bloat that
those systems have taken on over time.”
Jackson continued, “When we are [involved in
the] financing [of a production], we will own pieces along the way,
but since data is the beginning, middle and end of every
conversation in the modern world, as we are learning with the tech
giants and how they are struggling to be good players, we want to
be more open with our customers in allowing them to have access to
what is ultimately their data, which...can inform the next
[production] that you make. We don't want to be in the business of
helping you to get one movie or one TV show made. We want to be in
the business of [helping you to] have a whole career.”
Liquid continues to be a globally focused
business that can leverage its Canadian advantage, Thomson said.
This includes generous tax credits that help offset the cost of
domestic and international productions in Canadian locations, an
enviable production environment, highly skilled crews, sought after
locations and stages, the exchange rate and more. “We have so many
wonderful things here. It would be crazy for us not to be utilizing
this wonderful environment as a base and to try as best we can to
bring productions into Canada,” Thomson noted, adding that Liquid
now also has producers approaching them from the UK and all over
Europe.
When Liquid was founded, domiciling the Company
in Canada was intentional, elaborated Jackson. “There is a
structural, infrastructural, exchange rate and talent base
advantage to working in Canada that is unique to maybe two or three
places in the world. This is something that I don't think we give
ourselves enough credit for, just how far advanced we are at the
very top level of global production...Our homegrown talent is also
fantastic.”
Jackson continues, “There is no reason...why we
can't be working with Canadian creators to present their material
to a global audience....There is no reason why we as a Canadian
company cannot be getting into business with Canadian content
producers, but then not stymieing it by making it CanCon, [which
follows specific requirements to qualify as Canadian content and
makes up a significant percentage of Canadian broadcasters’ yearly
programming]. By dreaming a little bigger and saying this is a
beautiful film and it is a beautiful film for the whole world or a
beautiful TV show for the whole world, it doesn't have to live in
this little [CanCon] niche.”
Thomson agreed, adding, “There are so many firms
here in Canada that are fantastic production companies who
sometimes have the issue that they are either being pursued by some
of the larger companies trying to roll them up, and I think you all
know who you are who have been approached...The economics sometimes
don't play out and/or it is difficult for people to get comfortable
with that model. So where do they find themselves? They find
themselves in the wonderful world of independents, but from a
Canadian context, which to me gives them a massive advantage
over...people in other parts of the world. This is why we're so
passionate about this model.”
In closing, Jackson told Playback Film Summit
attendees, “We can tell the world stories and [create] stories for
the world. We can be Paramount. We can be Disney. There is nothing
that stops at [the] border and says only down here [in the US] are
you allowed to dream to be able to tell a story to the rest of the
world. I truly believe in Canadian talent and the creative output
of our country, and I would love to be a part of finding the right
ways to get it out to the rest of the world.”
About Liquid Media Group
Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a
business solutions company empowering independent IP creators.
Liquid’s end-to-end solution will enable professional video
(film/TV and streaming) creation, packaging, financing, delivery,
and monetization, empowering IP creators to take their professional
content from inception through the entire process to
monetization.
Additional information is available at
www.LiquidMediaGroup.co.
Further information:
Primoris Group Inc.+1 (416) 489-0092pg@liquidmediagroup.co
Media requests:
Investor / BusinessAdam BelloMedia &
Analyst Relations ManagerPrimoris Group Inc.+1 (416) 489-0092 x
226media@primorisgroup.com
IndustryJane OwenJane Owen PR+1 (323) 819-1122
jane@janeowenpr.com
Cautionary Note Regarding Forward-Looking
Statements
This news release includes statements containing
certain "forward-looking information" within the meaning of
applicable securities law ("forward-looking statements").
Forward-looking statements are typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate",
"potentially" and similar expressions, or are those, which, by
their nature, refer to future events. These statements should not
be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
to be materially different from those implied by such statements.
Such factors include, but are not limited to: developments related
to the COVID-19 pandemic, regulatory actions, market prices,
continued availability of capital and financing, and general
economic, market or business conditions, as well as additional
risks disclosed in the Company’s annual and quarterly financial
reports available at www.sedar.com. Investors are cautioned that
any such statements are not guarantees of future performance and
actual results or developments may differ materially from those
projected in the forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made. The
Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
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