Universal Media Group, Inc. (OTC PINK: UMGP) Announces Partnership Agreement with Threshold Entertainment
Universal Media Group (OTC Pink: UMGP) has announced a partnership with Larry Kasanoff and Threshold Entertainment to develop a reality TV show set in Miami's South Beach, featuring GenZ social media influencers. The collaboration aims to leverage blockchain technology for enhancing audience interaction. Production is set to begin this fall, with a target for mass distribution by fall 2023. The partnership is seen as a strategic step towards increasing content offerings and shareholder value, according to CEO Mike Sherman.
- Partnership with Threshold Entertainment expected to enhance content portfolio.
- Introduction of innovative audience interaction via blockchain technology.
- Targeting fall 2023 for mass distribution of the new reality TV show.
- None.
Boca Raton, Florida, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Universal Media Group (OTC Pink: UMGP) has recently entered into the first of what is expected to be multiple project collaborations with Larry Kasanoff and Threshold Entertainment. The new project will be a Reality TV show based on Miami’s South Beach, focused on the lives of GenZ social media influencers with an array of celebrities involved with the project. In addition to the uniqueness of the new franchise, our blockchain partnership with NFTware.io will provide never-before-seen audience interaction with the show.
“With the pilot development underway and scheduled to be shot this fall and full production next spring, we are targeting fall 2023 for mass distribution”. -Rourke Smith, Associate Producer
“Universal Media has been more active than ever, creating many new opportunities to grow our business. This collaboration with Larry Kasanoff and Threshold Entertainment is the start of a relationship that will again showcase Larry’s extraordinary talents and add to an ever-growing content collection for Universal Media. We have always been cognizant to preserve and grow the value for our UMGP shareholders, and this is another step in that direction.” -Mike Sherman, Executive Producer & CEO of Universal Media.
Under the Threshold Entertainment Group banner, Kasanoff oversees the company's subsidiaries which include Threshold Entertainment, Threshold Animation Studios, and Blackbelt TV. As a producer or studio head, Kasanoff has raised well over a billion dollars in the film business. He and his executive team have been instrumental in producing over 250 feature films, including Terminator 2: Judgment Day, Mortal Kombat, True Lies, Dirty Dancing, and the Academy Award® winning Best Picture, Platoon. Threshold Entertainment makes movies, animated movies, and Location-Based Entertainment (LBE) primarily based on some of the world’s biggest brands, including Spider-Man, Justice League, LEGO, Star Trek, and Star Wars. Threshold’s most recent film for Universal Studios is the CGI-animated Bobbleheads: The Movie, starring Cher. Threshold has been awarded close to 100 Gold and Platinum Records, including Guns ‘N Roses and Pink Floyd.
About Threshold Entertainment
Threshold Entertainment Group, also known as Threshold Entertainment, is an intellectual property company. Its animation subsidiary, Threshold Animation Studios, produces films. Larry Kasanoff is the company's Chief Executive Officer (CEO) after previously serving as president for Lightstorm Entertainment, a company he co-founded with entrepreneur and filmmaker James Cameron. Kasanoff is known for films such as the Mortal Kombat movie franchise, including the 1995 Mortal Kombat, its sequel Mortal Kombat: Annihilation, and its spin-off series Mortal Kombat: Defenders of the Realm and Mortal Kombat: Conquest. Kasanoff also served as executive producer of the 2021 reboot.
About Universal Media Group
UMGP is a digital media company with multiple revenue verticals including “Before the Fame”, “On the Mike”, “The Session Man”, “High School Icon”, “Suga & Sherm Podcast”, and partnered with a new Web3 NFT Launch & Management platform created and managed by the team at NFTware.io UMGP attracts some of the brightest stars in music, film, sports and social media to participate in our programming including Jamie Fox, Rashad Evans, DJ Khaled, Mike Tyson and many more. www.umediagroupinc.com
Contact:
Universal Media Group Inc.
Michael Sherman, CEO
ms@umediagroupinc.com
561-908-3333
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