Big Screen Entertainment Bets Big on Blockchain
Big Screen Entertainment Group (OTC:BSEG) has advanced to testing Web3 decentralized apps, NFTs, and token transfers as part of its blockchain scalability strategy. The company’s streaming platform, Big Stream Entertainment, has added 60 new titles, enhancing its content library. This shift aims to capitalize on the rise of streaming and blockchain, with video streaming now comprising 82% of internet traffic. CEO Kimberley Kates emphasizes enhancing efficiency and profitability through these technological innovations.
- Testing phase reached for Web3 decentralized apps and NFTs.
- Added 60 new titles to the Big Stream Entertainment platform.
- Positioning for competitive advantage in the growing streaming market.
- Risks associated with market acceptance of new technologies.
- Competitive market conditions may challenge growth targets.
BEVERLY HILLS, Calif., April 05, 2022 (GLOBE NEWSWIRE) -- Forward-thinking Big Screen Entertainment Group (OTC:BSEG) is making big strides in its plans for blockchain-powered scalability.
The Los Angeles-based production and distribution company has reached the testing phase for Web3 decentralized apps, token transfers, NFTs and other tech innovations.
Meanwhile the company’s streaming platform, Big Stream Entertainment (BSE), which Is central to the strategy, just added 60 new titles with more on the way.
Big Screen is positioning itself at the forefront of the digital revolution which has seen the rise of streaming and escalating adoption of cryptocurrency and blockchain.
The disruptive idea is to transform and expand the delivery of, and payment for, streaming and other content to get a jump on the competition.
“The way we consume media is changing and Big Screen is moving fast to create the most up to date systems all across our business to provide greater efficiency, transparency and profitability,” said Kimberley Kates, Chief Executive of BSEG.
Proving her point about streaming, the latest statistics show that video streaming now accounts for 82 percent of all internet traffic.
Big Stream, available as a Roku channel, online and via Google Play for Android customers, already features hundreds of titles, mainly movies and documentaries, with a string of original programming coming soon.
About Big Screen Entertainment (BSEG)
Big Screen Entertainment Group (OTC:BSEG) is a well-established distribution and production company based in Beverly Hills. Built on a love for storytelling, the business launched in 2005 and has grown to specialize in production, post-production, and distribution in the US, Internationally. It continues to grow and evolve into new commercial models in an ever-changing media world.
Forward-Looking Statement: A number of statements contained in the press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements
involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as “could,” “plan,” “estimate,” “expect,” “intend,” “may,” “potential,” “should,” and similar expressions are forward-looking statements.
Contact: Lorraine Lee
323.654.3400 – Big@bigscreenent.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c8170e17-faf8-445f-8164-c151c1ec2b89
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