Liquid Media Welcomes Digital Cinema United to the Liquid Family
The new year has only just begun and Liquid Media Group (Nasdaq: YVR) – the company helping independents take their creative works to the big screen and screens of every other size and type – is already sharing big news. Liquid announced last week that it is set to officially welcome Digital Cinema United Holdings (“DCU”) to its ever-growing family of companies serving independent producers and content creators across the global entertainment industry.
Headquartered in Culver City, California and with operations in London, Malta, Prague, and South Africa, DCU provides services that are essential to bring pictures and audio to life anywhere that consumers enjoy watching content – from movie theaters, airplanes and broadcast television to VOD platforms.
The creation of assets, QC, mastering, packaging and delivery, distribution and metadata management are some of the key areas in which DCU excels and helps content owners get their life’s work to audiences around the world. The collaborative process between DCU and its clients truly allows producers, sales companies and over 700 distributors to be much closer to their projects and drive major cost savings through automated workflows and consolidated supply chain.
“We are extremely pleased to have reached this milestone and to be welcoming the DCU team, along with their expertise and existing operations, Liquid Media,” said Liquid Media CEO Ron Thomson.
Thomson continued, “The growth of our company is directly supporting the expansion and success of our four-phase solution, which covers the entire IP lifecycle. We are excited by the considerable momentum that this is driving for Liquid and the sustainable value our growth is creating for shareholders.”
As a Liquid Media company, DCU will continue to provide its popular digital end-to-end supply chain services and tools to clients across North America, Latin America, Australia, New Zealand, Europe, the Middle East, and Africa, supporting independent intellectual property (IP) owners, producers, sales agents, alternative content distributors, downstream media platforms and studios worldwide.
“We are delighted to be concluding our deal with Liquid Media Group, a company whose vision and strategies align with ours and this is therefore a very comfortable fit for DCU,” said Alan Christensen, CEO for Digital Cinema United. “The recent acquisitions LMG has made show a huge leap towards becoming the full solution engine for independent creators that they set out to be. We see each addition bringing new skill sets that work harmoniously together and we believe that DCU is a very valuable part of that machine. We are already seeing the value of being part of the LMG collaboration rather than a standalone entity. We look forward to the future together.”
The acquisition of DCU will bolster stage III of Liquid’s four-phase business solution engine spanning the end-to-end creative process from inception to monetization.
Liquid Media also acquired the edutainment streaming service iNDIEFLIX in September 2021..
Under the terms of the definitive agreement, as announced Jan. 25th, Liquid will acquire DCU for US$11.25M payable in common shares of Liquid, which are scheduled to be paid out to DCU investors across specific performance milestones.
