Business
Modern Cinema Group Makes History – Launches Futuristic Media Exchange
Modern Cinema Group Makes History – Launches Futuristic Media Exchange.
About this update from Modern Cinema Group, Inc.
[{"type":"text","content":"\n\n Beverly Hills, California, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Modern Cinema Group, Inc. (OTCPK: MOCI) is proud to announce the launch of its highly anticipated futures exchange for the trading of media contracts movies, TV shows and games).  History was made today when the first-of-its-kind exchange was launched that will eventually provide capital financing to producers while simultaneously reducing the costs associated with content acquisition.  In addition, promotional campaigns will be improved by allowing distribution partners to convert their ad “avails” into a form of currency that can be profitably traded over the exchange.\n Today the mobile carrier named Smartfren based in Jakarta Indonesia successfully completed the first commercial test of the media exchange by purchasing an independent movie named “His Big Regret”.  Smartfren and other platform operators in Southeast Asia will soon begin using the exchange for other media purchases. As for Modern Cinema Group, after it secured its patent portfolio for such a novel futures exchange, the company went on to forge of a partnership with The Pride Group (Dubai) and Pride Holdings (Chicago), known to both own and operate exchanges around the world.  The agreement signed between Modern Cinema Group and Pride facilitated the launch of a world-wide media exchange that was used for today’s test.  The exchange software and cloud-based network was provided by Kapp Software from Southern India. Modern Cinema Group’s new media futures exchange is now operational with new titles to be added on a regular basis.  In addition, new territories will also be added.  Modern Cinema Group’s schedule for the next two years is ambitious with plans for new productions that include major motion pictures, live sports and at least one Chinese co-production. Says Ross Cooper, CEO of Modern Cinema Group, “Today marks the first time in history that a film, TV show or game buyer can go on-line and purchase equity ownership and just about any level of license agreement that may be desired.  The resulting efficiencies could exceed 40% which will provide more revenues to both sides of the supply chain.  I once heard someone say, ‘The true test of an efficient media distribution network is when even bad...