This morning, most investors would be tracking the stocks of those companies that had been in the news on Tuesday. As a consequence, it is likely that the Valiant Eagle Inc. (OTC:PSRU) stock could well be one to watch. The company came into focus yesterday after it announced that Providence Film Group, its fully owned subsidiary unit, had inked a distribution agreement with Skyrocket Inc.
As per the provision of the distribution agreement, 12 iconic films from Providence Film Group would be represented in the deal. Skyrocket had been given exclusive global television distribution rights for those films, and that also included streaming. The president of Skyrocket, Kimberley Quigley, spoke about the deal signed by the company yesterday. She expressed her excitement at the signing of the deal with Valiant Eagle that gave Skyrocket rights to 12 classic titles. She went on to note that Skyrocket was also involved in boosting its distribution initiatives through sales meetings at the Cannes Film Festival in order to sign up international buyers for the titles.
The Chief Executive Officer of Valiant Eagle, Xavier Mitchell, expressed his thoughts about the development as well. He stated that everyone at the company was looking forward to working directly with Kimberley Quigley and Skyrocket. Mitchell noted that there was an expectation of coming up with new sales opportunities internationally through collaborations with major platforms.
That being said, he also stated that the company would also file lawsuits against those entities that may have the company’s titles on their platforms illegally and without authorization. As a company, Valiant Eagle is mainly involved in boosting social media, celebrity-based entertainment, and TV communications. The company’s overarching aim is to bring about an unmatched advancement in media by way of technology, media, and sports, specifically aimed at the millennial generation of consumers.
