Business
NETWORK MEDIA GROUP ANNOUNCES 2022 YEAR-END RESULTS
NETWORK MEDIA GROUP ANNOUNCES 2022 YEAR-END RESULTS Canada NewsWire VANCOUV...
About this update from Network Media Group Inc.
[{"type":"text","content":"\n \n \n \n NETWORK MEDIA GROUP ANNOUNCES 2022 YEAR-END RESULTS\n \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 \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 28, 2023\n \n \n /CNW/ -\n \n Network Media Group Inc.\n \n (TSX: NTE.V) (OTC: NETWF) (\"Network\" or \"the Company\") today reported annual results for the year ended\n \n November 30, 2022\n \n , including revenues of\n \n $12,433,913\n \n , net income of\n \n $597,379\n \n , and Adjusted EBITDA of\n \n $1,785,442\n \n . The financial statements and related Management's Discussion and Analysis (\"MD&A\") can be viewed on SEDAR at\n \n www.sedar.com\n \n .\n \n \n Network CFO\n \n Darren Battersby\n \n stated, \"We are pleased with our Fiscal 2022 financial results and our team's focused efforts on development, production, and delivery of programming, resulting in profitability throughout the second half of the year. With demand for premium content at all-time highs and the increasing interest in documentary content, Network has the opportunity to monetize unique intellectual property (IP) on a variety of platforms and mediums that can create more value for its partners and stakeholders. With a consistent slate of ongoing committed productions, we look forward to a year of production uninterrupted by COVID or other slowdowns, and remain committed to capitalizing on all opportunities that will benefit all stakeholders.\"\n \n \n President of the newly launched Network NFT Studios Tom Lombardi stated, \"We are thrilled with our progress and development with Network NFT Studios, and our recent partnership with the Hockey Hall of Fame is a significant milestone in bringing this vision to reality. We are excited to work with more IPs and bring innovative new concepts to the rapidly growing world of digital collectibles. The launch of our first NFT in the upcoming year is just the beginning of our journey, and we are confident that our studio will become a leader in the digital collectible and Web3 industry. Our team is dedicated to delivering the highest quality and most uniqu...