Yesterday, The Movie Studio Inc (OTCMKTS:MVES) made a key announcement but it did not quite impress the market and the stock fell by 5% amidst a bit of a selloff. Yesterday the company announced that it signed distribution service and partnership agreements with Adler & Associates Entertainment, Inc.
In addition to that, another agreement was signed with Max Sound Corporation. By way of these agreements, the company seeks to unite the associations and related assets of the two companies. When it comes to the agreement with Adler & Associates Entertainment, The Movie Studio is going to be focussed on the possibility of alliances related to co-production that could benefit both parties.
In this regard, it should be noted that Adler & Associates Entertainment is going to provide The Movie Studio with as many as 200 feature films that could be included in the latter’s service through its over the top platform. In addition to that, other feature films that are in development at this point are also going to be made available. Considering the sheer popularity of streaming services at this point, The Movie Studio stock could be added to the watch lists by investors who are looking for interesting plays.