Business
One Horizon Group Provides 2018 Year-End Business Update
One Horizon Group Provides 2018 Year-End Business Update.
About this update from Touchpoint Group Holdings, Inc.
[{"type":"text","content":"\nMIAMI, April 16, 2019 (GLOBE NEWSWIRE) -- One Horizon Group, Inc. (OTCQB: OHGI) (Company or One Horizon) today provided a business update and reported results for the year-ended December 31, 2018.\n 2018 Highlights: Acquired 123Wish, a subscription-based, experience marketplace focused on providing users with exclusive opportunities to enjoy personalized experiencesAcquired premier music production company, C-Rod, Inc., along with its record label and media content division, Velveteen Entertainment and Mues Media, respectively; collectively, the C-Rod companies now operate as ‘Love Media House,’ a wholly-owned subsidiary of One HorizonAcquired a majority interest in Banana Whale Studios Pte., Ltd., (Banana Whale) a B2B software provider focusing on innovation and next generation games and entertainmentSecured the rights for Love Media House to produce a docuseries based on the life of Ramon Milian Rodriguez, the Chief Financial Officer of the Medellin Drug CartelAcquired an eighty percent ownership interest in the software, source code and all other intellectual property underpinning the 123Wish experience marketplace platform (123Wish Platform)Entered into an agreement to offer on-demand video and music streaming services via the 123Wish PlatformAcquired a majority interest in Browning Production & Entertainment, Inc. (Browning), which has produced and has ownership rights to various national and international television programs airing on notable networks 2019 Year-to-Date Highlights: Sold the Company’s majority interest in Banana Whale for $2.0 million (USD) realizing an approximate $930,000 gainEntered into an agreement to acquire a majority interest in MAHAM LLC (MAHAM), an innovative, technology-driven yoga studio and digital conceptEntered into a preliminary, non-binding agreement to acquire a majority interest in Redspots Creative (Hong Kong) Company Limited (Redspots Creative), a multi-media production company, in a stock transaction based on post-closing, future earnings Mark White, Chief Executive Officer of One Horizon Group, stated, “We are extremely pleased with the Company’s progress throughout 2018 and continued advancements heading into 2019.  We are building a solid and sustainable platform for long-term growth.  We began 2018 with the acquisition of 123Wish, a subs...