Liquid Media Partners with Arcana Studios, Grows Video on Demand Content

Rhea-AI Summary

Liquid Media Group Ltd. (Nasdaq: YVR) has announced a partnership with Arcana Studios to enhance its video on demand service, Reelhouse. This collaboration aims to expand the content library with over 5,000 characters and multiple titles created internally by Arcana. Liquid's Reelhouse platform focuses on delivering quality animated content, positioning itself within the growing global animation market, which reached USD $264 billion in 2019. The streaming market alone is projected to grow at 8% annually, highlighting Liquid's strategic move to capture new audiences in this sector.

Positive

• Partnership with Arcana Studios to enhance content on Reelhouse.
• Expansion of Reelhouse content library with over 5,000 characters.
• Focus on quality animated stories aligns with growing global animation market.

Negative

• None.

VANCOUVER, British Columbia, Aug. 18, 2020 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) is pleased to announce the ongoing addition of content to its Reelhouse Animation Playlist, the Company’s Video on Demand (“VOD”) service focusing on beautifully crafted animated stories. This latest growth to the Reelhouse content library comes via a partnership with Arcana Studios (“Arcana”), an entertainment company founded by Sean O’Reilly in 2004.

O’Reilly, who the legendary Stan Lee once referred to as a “version of myself,” has created a library of 11 internally developed titles and over 5,000 characters within Arcana. The Arcana titles hosted on Reelhouse are expected to continue expanding the platform's footprint across content verticals, reaching new audiences, and delivering quality content as the streaming platform grows its reputation.

“Liquid continues to deliver on its determination to disrupt the fragmented entertainment industry,” said Sean O’Reilly, founder and CEO of Arcana. “Reelhouse furthers my farm-to-fork vision for Arcana to do everything in-house by presenting the opportunity to unlock further value for my content and both control and monetize the distribution.”

"We have been following Sean’s success for years now, and are very excited about our partnership and continuing growth together,” said Daniel Cruz, co-founder and CFO of Liquid. “With a deep pool of talent and a vertically integrated studio, Sean has perfectly captured and executed on the advantages that Hollywood North has to offer."

In what is mutually envisioned to be the first step in a multi-stage partnership between the two companies, Arcana has agreed to contribute to the expanding Reelhouse animation playlist content library. Arcana is also continuing to build a pipeline of intellectual property that Liquid aims to offer via its Reelhouse platform.

The total value of the global animation market reached USD$264-billion in 2019, with the streaming market accounting for USD$3.5-billion and growing at 8% annually. Driven by advancements in technology, as well as the accessibility and affordability of communications devices and internet access, the global market value is expected to reach USD$405-billion in 2023.

To learn more about Reelhouse, visit www.reelhouse.org.

About Liquid Media Group Ltd.

Liquid Media Group Ltd. (Nasdaq: YVR) is an entertainment company with a strong portfolio of content intellectual property (IP) spanning creative industries. Originating in Vancouver’s media and entertainment supercluster, Liquid’s mission is to empower storytellers worldwide to develop, produce and distribute content across channels and platforms.

Liquid Media’s leadership team includes Chairman Joshua Jackson (actor / producer, television and film), Chief Financial Officer Daniel Cruz (previously of Canaccord Financial), Managing Director Charlie Brezer (serial entrepreneur), Director Stephen Jackson (Northland Properties), and Director Nancy Basi (veteran Media + Entertainment expert), alongside Advisory Board members Wilson J. Tang (acclaimed digital entertainment veteran), Andrew Kaplan (capital markets strategist) and Michael Timothy Doyle (veteran interactive entertainment industry production executive). Each brings decades of industry expertise and significant passion to advance the Company’s mission.

Additional information is available at www.LiquidMediaGroup.co.

Further information:

Daniel Cruz
Liquid Media Group Ltd.
+1 (416) 489-0092
pg@liquidmediagroup.co

Media requests:

Adam Bello
Media & Analyst Relations Manager
Primoris Group Inc.
+1 (416) 489-0092 x 226
media@primorisgroup.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such factors include, but are not limited to: availability of suitable M&A targets, developments related to the COVID-19 pandemic, regulatory actions, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

FAQ

What is the recent announcement from Liquid Media Group Ltd. regarding YVR?

Liquid Media announced a partnership with Arcana Studios to enhance its Reelhouse VOD service.

How does the partnership with Arcana Studios affect Liquid Media Group Ltd. (YVR)?

The partnership is expected to expand Reelhouse's content library significantly and reach new audiences.

What is the projected growth of the global animation market related to Liquid Media Group Ltd. (YVR)?

The global animation market reached USD $264 billion in 2019 and is expected to grow to USD $405 billion by 2023.

What content strategy is Liquid Media Group Ltd. pursuing with the Reelhouse platform?

Liquid aims to deliver quality animated stories to capture a larger audience in the streaming market.