Business
Marvion™️ Successfully Acquires 20 Movie Licenses for US$10million
Marvion™️ Successfully Acquires 20 Movie Licenses for US$10million.
About this update from Marvion Inc.
[{"type":"text","content":"\n\n\n\nMarvion™️ Successfully Acquires 20 Movie Licenses for US$10million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMarvion™️ Successfully Acquires 20 Movie Licenses for US$10million\nPR Newswire\nSINGAPORE, April 18, 2022\n\n\n\nSINGAPORE , April 18, 2022 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC: BONZ) is pleased to announce that Marvion™️ has successfully completed the acquisition of 10 licences for each of 10 types of adaptation rights from a portfolio of 20 movies from Euro Amazing Limited for a value of US$10million.\nThe acquisition covers the purchase of perpetual worldwide license for each movie to allow Marvion™️ to own the associated licensing, sub-licensing rights in whole or in part, as well as associated territorial rights to mint 10 digital ownership tokens (DOTs) per category for 10 categories of adaptation rights derived from each movie.\nThis latest acquisition enables Marvion™️ to push ahead in accumulating a large portfolio of intellectual property rights and licenses in the media and entertainment industry as it continues its pursuit to be the largest global marketplace for Hybrid NFTs™️ that are the digital ownership titles (DOTs) to media and entertainment intellectual property rights and licences.\nGerald Gn, Group Corporate Finance Director of Marvion™️ said, \"This is the first batch of 20 movies that we have acquired from Euro Amazing Limited, and there is definitely more in the pipeline, according to the Memorandum of Understanding we signed in February 2022. The current portfolio of 20 movies include several classics produced between 1983 to 1998 from the height of the Hong Kong's movie industry. We are confident that fans of these movie classics will find it refreshing to relive and reminisce their films' favourite moments through the digital ownership tokens (DOTs) produced by Marvion's MetaStudio, thereby providing a whole new immersive movie experience all over again.\"\nFor more information on Marvion™️ and it...