Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”)
(Nasdaq: YVR) is pleased to announce that it is in the final stages
of an agreement to provide recoupable last-mile financing for three
films through the Company’s newly formed production funding unit
Liquid Media Production Funding Ltd. All three films completed
Liquid’s Phase I review with high-performing scores from Liquid’s
analytics partner, Slated Inc., together with strong financial
underpinnings for each film. Liquid’s rigorous analytics process of
gating the three film slate has precipitated greenlighting the
inaugural Phase II financing which will take the form of a total
recoupable distribution advance of CDN$1.5M against all three
films, with the advance to be repaid from the films’ net receipts.
This film slate will also be the first
opportunity for Liquid to unveil its professional blockchain
approach, designed to enable independent producers to participate
in the benefits of blockchain including community engagement and
owner-controlled distribution and monetization opportunities of
blockchain technology. In development with Eluvio, this approach
leverages tokenization and NFTs as value-adds for filmmakers across
the content lifecycle.
“We are excited to bring engaging film content
to worldwide audiences. These films are the first to successfully
complete the first two phases of our four-phase solution engine,
which is designed to drive quality programming to the finish line
and to screens around the world from any stage of the production
process. Our proven analytics and predictive intelligence in
partnership with Slated gives us a high degree of confidence in
these projects, the teams behind them and in our ability to deliver
a solid return on our investment,” said Ron Thomson, CEO of Liquid
Media. “We are also excited to start exploiting a professional
blockchain approach. We are working with Eluvio to build a
framework for independent content creators utilizing Eluvio’s
global blockchain network for video, to support the evolving needs
of independent producers and help them leverage transformative
opportunities.”
Liquid’s powerful four-phase business engine
offers solutions to navigate independent creators across the full
intellectual property (IP) lifecycle. The proven, carefully
considered process covers inception, financing, delivery and
monetization to bring great content from all genres to screens of
all sizes.
Liquid Blockchain to be Powered by
Eluvio
The Eluvio Content Fabric (https://live.eluv.io)
is an advanced, open protocol blockchain network purpose-built for
owner-controlled storage, distribution, and monetization of digital
content at scale. It provides live and file-based content
publishing, transcoding, packaging, sequencing, dynamic and static
distribution, and minting of derivative NFTs, all backed by
blockchain contracts providing proof of ownership and access
control. Eluvio also provides publishers with the ability for their
consumers to create secure and easy-to-use digital media wallets
that can act as a digital vault and enable collectors to seamlessly
purchase NFTs via credit cards or cryptocurrencies.
“We’re honored to support Liquid Media as they
look to bring the transformative benefits of blockchain to
independent film producers,” said Michelle Munson, CEO and
co-founder of Eluvio. “From content storage and distribution to
monetization and minting of NFTs, the Eluvio Content Fabric is
designed to enable owner-controlled viewing and engagement
experiences for audiences across the globe.”
Eluvio’s blockchain platform is also notable for
its low environmental impact. Through a novel compositional and
just-in-time protocol, the Eluvio Content Fabric does not make file
copies and dramatically reduces the storage, network requirements,
and latencies of traditional digital distribution systems; the
Fabric’s blockchain avoids the computational energy consumption,
and costs, of proof-of-work blockchains through its efficient
proof-of-authority consensus and seamless combination of on and off
chain transactions. Customers of Eluvio include FOX, MGM Studios,
SONY Pictures, and others.
Learn more about how filmmakers can benefit from
blockchain technology by joining Eluvio founder Michelle Munson at
this year’s FOCUS London, where Munson is speaking on the “NFTs:
Power to the Producer” Panel.
About Eluvio
Eluvio is transforming the management,
distribution, and economics of premium digital content. The Eluvio
Content Fabric is a utility blockchain network for owner-controlled
storage, distribution, and monetization of digital content at
scale. It provides live and file-based content publishing,
transcoding, packaging, sequencing, and dynamic and static
distribution, and minting of derivative NFTs for all ranges of
content experiences. Customers of Eluvio include FOX, MGM Studios,
SONY Pictures, and others. Eluvio LIVE, powered by the Eluvio
Content Fabric, provides ticketed streaming events and media
marketplaces from global artists including the Black Eyed Peas,
Rita Ora, and others. Eluvio is led by Emmy Award-winning
technologists, Michelle Munson and Serban Simu, founders and
inventors of Aspera, a pioneer in digital video transport
technology that was acquired by IBM, and a core team of innovators.
Based in Berkeley, California, Eluvio has received numerous
industry awards including the prestigious 2020 Engineering
Excellence Award by the Hollywood Professional Association.
https://live.eluv.io
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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