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Liquid Media Completes Acquisition of Digital Cinema United

VANCOUVER, British Columbia, March 08, 2022 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (“the Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) today announced the completion of its acquisition of Digital Cinema United Holdings Ltd. (“DCU”), which provides content supply chain technology and services supporting independent intellectual property (IP) owners, producers, sales agents, alternative content distributors, downstream media platforms and studios. By completing this acquisition, Liquid is strengthening Phase III of its four-phase commerce solutions engine covering the end-to-end creative process, from creation to monetization.

“We are extremely pleased to have reached this milestone and to welcome the talented team at DCU to the Liquid Media family of companies,” said Ronald Thomson, CEO of Liquid. “DCU’s established customer base expands the reach of our end-to-end solutions offering and energizes our digital services infrastructure (Phase III). With best-in-class existing services and global reach, we share a big picture distribution vision that we are excited to bring to market. »

Dedicated to supporting content owners, DCU offers streamlined Digital Cinema Package (DCP) services to aid in the creation, delivery and distribution of digital assets. DCU’s digital supply chain and unique suite of tools provide the support and services needed to present video, audio and data streams with pristine clarity. Additionally, DCU provides international delivery through localized deliverables, offers best-practice hybrid solutions to deliver content in over 40 countries, and facilitates deliveries to the majority of digital platform providers globally through its services. in theaters and downstream.

“DCU is an integral part of the growing team under the Liquid Media Group umbrella. We are thrilled to bring our diverse list of loyal customers to an exciting union of leading companies, spanning the industry, who have recently joined Liquid Media Group,” said Alan Christensen, CEO of Digital Cinema United. “We look forward to working together under Liquid’s leadership to improve the resources available to all independents in the entertainment world.”

Liquid Media’s Digital Cinema United will continue to provide its popular end-to-end digital supply chain services and tools to customers in North America, Latin America, Australia, New Zealand, Europe, the Middle East and Africa. In parallel, DCU will play an important role in Phase III of Liquid’s business solutions engine, which covers integrated content digital asset management for intellectual property owners and creators of all sizes.

Liquid acquired DCU for $11.25 million payable in shares of Liquid common stock, which are expected to be paid out to DCU investors through specific performance milestones in three tranches. The first tranche of consideration shares was paid at closing, with the remaining two stages to be triggered by DCU revenues totaling more than US$15 million over a five-year period. Additional cash is invested in the day-to-day operations of DCU. Further details of the acquisition will be available in the Company’s year-end financial statements filed on SEDAR.

About the Liquid Media DCU:

A Liquid Media Group company, Digital Cinema United (DCU) is a global provider of technical content services for cinemas, home entertainment and digital distribution platforms, with operations in Los Angeles, London, Malta, Prague and South Africa. DCU supports content distribution for major Hollywood majors, independent studios, event theater distributors, and renowned content producers and owners worldwide through DCP Production and DCP Delivery services of feature films and trailers in all cinemas in North America, Europe, the Middle East and Africa. , Australia and New Zealand. DCU also provides an international service with worldwide localization and direct delivery to video-on-demand (VOD) streaming platforms. DCU operates Trusted Partner Network (TPN) certified facilities in all of its regions.

Additional information is available at https://digitalcinemaunited.com/.

About Liquid Media Group Ltd.

Liquid Media Group Ltd. (Nasdaq: YVR) is a business solutions company that empowers independent IP creators. Liquid’s end-to-end solution will enable the creation, packaging, financing, delivery and monetization of professional video (film/TV and video games), enabling IP creators to take their professional content from creation to whole process until monetization.

Liquid’s blockchain framework, developed with Eluvio, enables independent producers and content creators to leverage blockchain technology and NFTs to reach new audiences, achieve decentralized distribution at lower cost, access funding for the production, sell merchandise and other special access experiences, and stream directly to global audiences on their own terms.

Additional information is available at www.LiquidMediaGroup.co.

Further information :

Primoris Group Inc.
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Primoris Group Inc.
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Caution Regarding Forward-Looking Statements

This press release contains statements containing certain “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are generally 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 construed 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 differ materially from those implied by such statements. These factors include, but are not limited to: developments related to the COVID-19 pandemic, regulatory actions, market prices, the continued availability of capital and financing, and general economic, market or business, as well as additional risks disclosed in the annual and quarterly financial reports available at www.sedar.com. Investors are cautioned that such statements are not guarantees of future performance and that 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 as of 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 statement, whether as a result of new information, future events or otherwise, except as required by applicable law. expressly requires.