HOLLYWOOD, CA / ACCESSWIRE / October 17, 2014 / The Digital Development Group (OTCQB: DIDG) CEO Martin Greenwald is clearly delighted with current events.
This week's back-to-back announcements of HBO and CBS entering the internet subscription market are a welcome boon to The Digital Development Group's flagship brand, The Movie & Music Network, says the CEO.
"The response from our content providers and investors has been just terrific--especially those who've been here from the start. We've been expecting this for some time, and you will see the rest of the majors follow in short order," said Greenwald. "We saw a sea change in how media was being consumed, which is why we got in early. This has been our model for the past two years." Industry veteran Greenwald knows content and distribution, having founded and run Image Entertainment, building it into a powerhouse with over $100 Million in annual revenue and over 14,000 titles in its library.
HBO and CBS are the first major players to announce an internet subscription model, allowing the consumer the option to bypass the cable box, often referred to as "cutting the cord."
"The key is that internet content delivery has now been completely legitimized. Millions of consumers worldwide now have a growing variety of VOD options. Historically, the entertainment industry has bred independent companies that succeed right along with the majors. DIDG is not in competition with the majors. Instead, we offer consumers a wide array of independent content with worldwide appeal. Having acquired over 5000 titles, we are continuing an aggressive acquisition model with a broad mix of horror, cult classics, sci-fi, vintage TV and numerous other genres. We recently announced the coming launch of a sister network, EFN, The Erotic Film Network, which will contain the largest library of erotic films in the world. No one else has that programming mix. The HBO and CBS announcements focus a giant spotlight on the internet distribution model. Our content on The Movie & Music Network and three billion internet users worldwide viewing on TV, tablets and the exploding mobile market will most certainly drive the shareholder value of The Digital Development Group."
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Digital Development Group Corp. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Digital Development Group Corp. undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser: http://www.movieandmusicnetwork.com/secfilings
Press Contact:
Zack Davis
6630 Sunset Blvd.
Los Angeles, CA., 90028
[email protected]
SOURCE: The Digital Development Group