Stargaze Entertainment Group Inc (STGZ) Signs a Letter of Intent to Acquire Hyvetown Music Publishing

Rhea-AI Summary

Stargaze Entertainment Group (OTC: STGZ) has entered into a letter of intent to acquire Hyvetown Music, a well-established music publishing and administration company. The acquisition will allow Stargaze to leverage Hyvetown's experienced team, with Pierre Trembley appointed as President of the newly rebranded Stargaze Music Publishing. This strategic move aims to position Stargaze in the growing music publishing and sync rights industry, where valuable music catalogs are highly sought after. CEO Stephen Brown expressed enthusiasm for the deal, highlighting its potential for substantial revenue growth.

Positive

• Strategic acquisition of Hyvetown Music enhances Stargaze's position in the music publishing market.
• Experienced team from Hyvetown, led by Pierre Trembley, brings valuable industry expertise.
• Potential for revenue growth in the rapidly expanding music publishing and sync rights industry.

Negative

• None.

VANCOUVER, BC, Dec. 15, 2021 /PRNewswire/ -- Stargaze Entertainment Group (the "Company") (OTC: STGZ) announces that it has entered into a letter of intent to acquire Hyvetown Music a long-time established Music Publishing and Administration company. www.hyvetown.com Stargaze would also assume the experienced staff and change the name to Stargaze Music Publishing.

"I am genuinely excited to make this deal and to especially have the team led by Music Publishing veteran Pierre Trembley, who would take the role as President of Stargaze Music Publishing. This will be a great springboard for Stargaze to enter into the fast-growing music publishing and sync rights industry, where music catalogs are being swept up for serious amounts of monies" said Stephen Brown CEO.

Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.

For more information: 
Stargaze Entertainment Group Inc
1720 650 West Georgia St
Vancouver, BC V6B 4N8
Contact: Stephen Brown, CE0
info@stargazeent.com 
Ph: (778) 819-6549
www.stargazeent.com

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SOURCE Stargaze Entertainment Group Inc

FAQ

What is the purpose of Stargaze Entertainment Group's acquisition of Hyvetown Music?

The acquisition aims to strengthen Stargaze's presence in the music publishing and sync rights industry.

Who will lead the newly formed Stargaze Music Publishing?

Pierre Trembley, a veteran in music publishing, will lead the newly formed Stargaze Music Publishing.

What are the expected benefits of the Hyvetown Music acquisition for STGZ investors?

Investors can expect potential revenue growth and enhanced market positioning in the music publishing sector.

When was the letter of intent to acquire Hyvetown Music announced?

The letter of intent was announced on December 15, 2021.

What does the acquisition indicate about the future of Stargaze Entertainment Group?

The acquisition suggests a strategic shift towards leveraging growing opportunities in the music publishing industry.