Stargaze Entertainment Group Inc (STGZ) to Re-Launch VIDNET a Music, Movie and Sports Streaming site

Rhea-AI Summary

Stargaze Entertainment Group (OTC: STGZ) announced the relaunch of its streaming platform, Vidnet, originally founded by CEO Stephen Brown. This initiative aims to provide streaming music videos, live concerts, and movies in response to challenges faced by the live performance industry. The new Vidnet platform is expected to launch in the first quarter of 2022. The announcement includes forward-looking statements regarding market acceptance and competitive factors, highlighting potential risks and uncertainties in the evolving entertainment landscape.

Positive

• Relaunch of Vidnet, a well-known streaming platform.
• Focus on streaming music videos, live concerts, and movies during a challenging time for live performances.
• Expected launch in the first quarter of 2022.

Negative

• Potential market risks and uncertainties affecting the success of Vidnet.
• Dependence on the general acceptance of the company's products and technologies.

VANCOUVER, BC, Dec. 29, 2021 /PRNewswire/ -- Stargaze Entertainment Group (the "Company") (OTC: STGZ) announces that it will relaunch the highly successful streaming company "VIDNET" https://labusinessjournal.com/news/2000/mar/27/technology-vidnet-emerges-as-a-player-in-web-music/ a company that was founded by Stargaze CEO, Stephen Brown.

"I am very excited to bring back Vidnet as the music and live concert business is struggling with the many issues for live performance and Vidnet not only will stream many music videos it will bring back live VJ'S as they did at MTV along with streaming live concerts and select movies and trailers, said Stephen Brown the founder of Vidnet and CEO of Stargaze Entertainment Group.The company is currently building www.vidnettv.com and will launch in the first quarter of 2022.

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, CEO
info@stargazeent.com
Ph: (778) 819-6549

 

 

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SOURCE Stargaze Entertainment Group

FAQ

What is the purpose of Stargaze Entertainment Group's new Vidnet platform?

The new Vidnet platform aims to stream music videos, live concerts, and select movies to address challenges in the live performance industry.

When is the expected launch date for Vidnet?

Vidnet is expected to launch in the first quarter of 2022.

What risks are associated with the relaunch of Vidnet?

Risks include market conditions, acceptance of its products, and competitive factors that may impact its success.

Who founded Vidnet?

Vidnet was founded by Stephen Brown, who is also the CEO of Stargaze Entertainment Group.