Business
Modern Cinema Group Announces a Partnership With the Pride Group and Pride Holdings
Modern Cinema Group Announces a Partnership With the Pride Group and Pride Holdings.
About this update from Modern Cinema Group, Inc.
[{"type":"text","content":"\n\n Beverly Hills, California , Oct. 05, 2017 (GLOBE NEWSWIRE) -- Modern Cinema Group, Inc. (OTCPK: MOCI) is proud to announce the signing of an agreement between Pride Holdings and The Pride Group to launch a first of its kind international futures exchange allowing individuals to buy and sell fractional interests in movies, television series and electronic games.\n Over the last three years, Modern Cinema Group has developed systems and networks for the efficient distribution of valuable media assets to international platform operators (streaming services, mobile, cable and satellite TV) with a particular focus on the needs of mobile carriers.  The Pride Group based in Dubai with 2 billion USD under management has been operating their own futures exchanges around the world for more than 20 years.  This partnership allows the two groups to leverage intellectual properties, technologies, manpower and exchange networks for the benefit of those involved in the media production and distribution industries. Chaired by Her Excellency Shaikha Moaza Obaid Suhail Al Maktoum, The Pride Group is a nonbanking, private network of multi-national companies headquartered in Dubai, UAE. Founded in 1986, Pride has built a corporate community of over 10,000 employees, more than 3,000 independent representatives and affiliates, and a network of brokers all benefiting from Pride's brand recognition and ever-expanding reach. This new futures exchange offers up to 50% capital financing for media productions under $100 million USD.  On the other end of the distribution supply chain, platform operators can purchase “contracts” that combine territorial license rights with fractional equity ownership.  The introduction of an equity component helps operators to further monetize popular content titles in an effort to reduce acquisition costs that have been spiraling out of control for decades.  Additionally, platform operators are encouraged to contribute ad “avails” (or ad spots) that can be synchronized to systematically increase awareness around the world. The CEO of Modern Cinema Group, Ross Cooper, the founder of the well-known content security company Verimatrix has been developing this concept for almost ten years.  Mr. Cooper has one issued U.S. Patent on the model and has acted in an advisory ...