Liquid Media Acquires Portfolio of Streaming Platform Sector Assets
Liquid Media Group Ltd. - Common Shares (YVR)
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”) (Nasdaq: YVR) is pleased to announce the acquisition of a portfolio of assets including streaming platform Reelhouse. The acquired assets include tools such as Slipstream, a Subscription Video on Demand (“SVOD”) service that focuses on curated action sports stories. “With our mission to empower creative professionals, acquiring these assets solidifies our ecommerce platform capabilities,” said Daniel Cruz, CFO of Liquid Media. “Vancouver is a supercluster of content production and we look forward to deploying these new tools to the community.” While the majors attempt to stake their claim in the ongoing streaming wars, Liquid believes an ecommerce platform that supports independent filmmakers and outdoor enthusiasts can scale across the globe. Some of the tools in this acquisition will be part of Liquid’s plan to increase third-party fulfilment with a
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