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Madison Technologies, Inc. (OTC: MDEX) announced the signing of non-binding letters of intent to sell two broadcasting stations, KNLA/KNET-CD Los Angeles and KVVV-LD Houston, for prices higher than their 2022 acquisition costs. Proceeds from the sales will be used to reduce debt. The company is focusing on its new content strategy through the BLOCKCHAIN.TV network, which aims to deliver innovative programming centered on blockchain and related topics. The network plans to launch in early 2023, complementing original acquisitions like The Jay & Tony Show. CEO Philip Falcone emphasized this pivot as a significant opportunity for shareholder value and capital access.
Madison Technologies, Inc. (MDEX) recently launched its first daily show, Daily Drop, through its Blockchain.TV subsidiary on Canadian news channel The News Forum. Hosted by NFT and Crypto expert Bobby Del Rio, the show will cover innovations and opportunities in blockchain technology. This launch marks the initial step in developing a 24/7 Blockchain.tv network, with 12 daily shows planned. The company anticipates additional content from its subsidiary, Top Dog Productions, known for producing notable television series. A full network launch is expected by early 2023.
Madison Technologies, Inc. (MDEX) has completed its acquisition of Top Dog Productions, known for The Jay and Tony Show, marking its entry into media production. Founded by Jay Blumenfield and Tony Marsh, the award-winning company has produced notable series including Gigolos and The Chelsea Handler Show. This acquisition aims to develop unique content focused on blockchain themes like Crypto and NFTs. The new partnership is expected to bolster Madison's broadcast and streaming platform, creating value for shareholders. Blumenfield and Marsh will lead the new subsidiary as Co-CEOs.
Madison Technologies, Inc. (MDEX) has officially acquired LA-based media production company Top Dog Productions, Inc., known for the acclaimed Jay and Tony Show. This acquisition marks Madison's entry into content production, aimed at enhancing its broadcast and streaming platform. The creators of Top Dog, Jay Blumenfield and Tony Marsh, will continue leading their team while collaborating with Madison on future content offerings. The acquisition is anticipated to be accretive to shareholder value as Madison embarks on plans to create unique content for nationwide distribution.
Madison Technologies, Inc. (OTCQB:MDEX) has announced its acquisition of Construction Permits in San Juan, PR, Boise, ID, and Bakersfield, CA, enabling the establishment of new TV broadcast stations in these locations. This move aligns with the company's strategy to expand its nationwide broadcast platform and finalize its OTT streaming services, now in testing. CEO Philip Falcone highlighted the potential for capturing the attention of younger audiences through unique content and innovative delivery methods. The OTA market continues to thrive, with 20 million households using OTA antennas in the U.S.
Madison Technologies, Inc. (MDEX) announced the signing of a Purchase Agreement for WANN-CD, a Class A TV station in Atlanta, GA. This acquisition adds to prior purchases in major markets like LA and Houston, bolstering its strategy in the top DMA's. The company aims to create a nationwide OTA independent distribution platform, appealing to content providers seeking alternatives to traditional cable. With the OTA market growing, driven by the cutting the cord trend, Madison plans to leverage innovations like NextGen TV for enhanced consumer experiences.
Madison Technologies, Inc. (OTCQB:MDEX) has announced the acquisition of The Jay & Tony Show, marking its entry into television production and enhancing its GO.TV over-the-air platform. This deal allows Madison to provide original content across its expanding station network, which includes markets like Seattle and Los Angeles. With plans to grow to 100 TV stations, the partnership aims to leverage unique programming for a sizable OTA market opportunity. Founders Jay Blumenfield and Tony Marsh will co-lead the new Network Group, focusing on innovative content production.
Madison Technologies, Inc. (MDEX) has completed the acquisition of KYMU-LD television station in Seattle, expanding its portfolio of broadcast stations across multiple major U.S. markets. This strategic move aims to build a state-of-the-art broadcast and OTT platform, tapping into the growing Over-The-Air (OTA) market, which has seen substantial growth in households over the past decade. The company anticipates increased opportunities in mobile TV viewing and subscription-based OTA services, leveraging innovations like NextGen TV for enhanced viewer experiences.
Madison Technologies, Inc. (OTCQB:MDEX) has acquired a Class A TV broadcast station, KVVV-LD, in Houston. This acquisition initiates the development of Sovryn's OTA video broadcast platform and is expected to enhance cash flow immediately. The purchase is part of a broader strategy to acquire 30 stations within 12-14 months, ultimately targeting 100 stations across major U.S. markets. The OTA market represents a significant growth opportunity, with 20 million households utilizing OTA antennas. New broadcast technologies will facilitate mobile viewing and interactive features, positioning Sovryn as a key player in the evolving media landscape.
Madison Technologies, Inc. (OTCQB:MDEX) has announced its name change to Go.TV, Inc., aligning with its mission to deliver free over-the-air TV content. The company has acquired two Class A broadcast stations in Los Angeles and has received FCC approval for additional stations in Houston and Seattle. Go.TV aims to expand to 100 TV stations nationwide, reaching 75-80% of the U.S. population. With the rise of cord-cutting and over-the-air households doubling in the last decade, Go.TV is positioned to capitalize on this trend, alongside the opportunities presented by NextGen TV technology.