VANCOUVER, British Columbia, June 9, 2021 (GLOBE NEWSWIRE) – Liquid Media Group Ltd. (“The Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) today announced the signing of a letter of intent (the “LOI”) to acquire iGEMStv, Inc. that provides a select platform of content recommendations. , including quality movies, television series and television shows. Under the terms of the LOI, Liquid would acquire iGEMStv (“iGEMS”) for up to 566,667 shares, and iGEMStv must achieve revenues totaling more than US $ 9.5 million to activate three of the four equal tranches.
iGEMS is the definitive Internet guide to engaging movies and series, with the most comprehensive recommendation engine on the market. Human healing, word of mouth, and machine learning combine to help the public discover what to look at, and where they can find it. In addition to the traditional genre and trending carousels, iGEMS sets itself apart from other guides by including recommendations for movies and series not found in the massive libraries of the largest streaming platforms, and collections of movies and TV specially selected for its users. , from a reliable guide. with years of curatorial experience. Also, they recommend gems in Filmocracy and titles that are played exclusively on niche platforms, including projects that are still on the film festival circuit.
“We look forward to welcoming iGEMS to the Liquid business family. Its unique combination of machine learning, human curation, and deep space experience drives content discoverability for consumer audiences looking for the best content across all genres. At the same time, iGEMS would become yet another channel to help IP owners working with Liquid reach a wider audience, ”said Liquid CEO Ron Thomson.
The iGEMS platform offers advanced search tools that allow users to search by gender, category, emoji, or mood. Audiences can select various age and gender categories to find the one that best suits their movies and series. Viewers can also have profiled panels to track their watchlists, ratings, and reviews, while sharing with other fans.
“As streaming content options continue to expand, iGEMS is pleased to provide a valuable solution, based on human healing, to connect audiences with engaging content on the myriad platforms coming to market,” says Jon Fitzgerald. , founder and CEO of iGEMS.
In 2020, iGEMSpro introduced itself as a solution for filmmakers, film festivals, and industry professionals, offering educational resources, courses, industry reports, and aggregated news, video, and podcast content. The mastery of the film festival course has become an industry leader, helping filmmakers navigate the film festival circuit; other Sheet provides an ongoing blog report, delving into the independent film industry.
The IGEMSpro Directory was recently launched, providing sales opportunities to filmmakers and serves as a discovery platform for acquisitions executives as well as festival programmers. Directory highlights will be tracked and eventually reached out to movie fans on the iGEMS side.
“With thousands of independent films coming out of the film festival circuit looking for sales opportunities, there is a tremendous need for exposure in the marketplace, from international buyers to the growing list of streaming platforms,” says Fitzgerald. “We are proud to provide filmmakers with the tools and support to reach these important buyer audiences around the world.”
Thomson added: “Jon’s knowledge of film, television and the festival space is practically encyclopedic. We look forward to welcoming you to the Liquid team. “
Under the terms of the LOI, Liquid proposes to acquire iGEMS for a total of up to 566,667 Liquid common shares, which would be paid to iGEMS investors through specific performance milestones in four equal tranches of 141,667 common shares each (the ” Consideration Actions ”). The first tranche of Consideration Actions would be payable at closing, with three remaining milestones triggered by iGEMStv’s revenues for a total of US $ 9.5 million over the next few years. Additional cash would be invested in operations ongoing iGEMS, beginning with the immediate availability of a guaranteed bridge loan in the amount of US $ 100K, which will be applied to working capital, technological infrastructure and commercialization.
The final terms of the acquisition will be negotiated and remembered in binding and definitive documentation that will be signed at or before closing. Completion of the acquisition is subject to customary due diligence, documentation provisions, and necessary share issuance requirements and approvals.
With the growing volume of movie and TV series options, and the explosion of digital streaming platforms, iGEMStv has created the most comprehensive recommendation engine on the market. Human healing, word of mouth, and machine learning combine to help the public discover what to look at, and where they can find it. They published a weekly newsletter with iGEMSelections, sent to more than 5,000 subscribers. iGEMSpro provides resources to the independent film space, adding news articles, podcasts, and videos, while also providing reports, affiliate discounts, and online courses to support independent filmmakers. The iGEMSpro directory is an independent film sales platform to generate sales in the international market.
Additional information is available at www.igems.tv
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 the creation, packaging, financing, delivery and monetization of professional videos (movies / TV and video games), allowing IP creators to take their professional content from the ground up through the whole process up to monetization. The new Liquid Media Token strategy will allow its users to capitalize and monetize the four pillars of IP: Creation, Use / Subscription, Financing and License / Protection.
Additional information is available at www.LiquidMediaGroup.co.
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