Developments Happening in the Diverse Entertainment Industry
NEW YORK, April 25, 2017 /PRNewswire/ —
According to a research report published by PwC, the global entertainment and media industry in terms of spending, was $603 billion in 2015. The report forecasted the industry would reach $720 billion by 2020 and indicates that despite difficulties in this diverse industry, such as continued widespread industry disruption and intense competition for consumer attention will present many growth opportunities for companies. By segment, TV and video are expected to rise from $121.4 billion to $124.2 billion in 2020 (0.5 percent CAGR), while music revenue is expected to increase from $15.2 billion to $18.0 billion in 2020 (3.5 percent CAGR), and as for cinema, China is expected to overtake the U.S. in box office revenue in 2017. By 2020, China box office revenues are expected to reach $15.1 billion versus $11.0 billion in the U.S. Everlert, Inc. (OTC: EVLI), NanoTech Entertainment (OTC: NTEK), Sack Lunch Productions Inc. (OTC: SAKL), bBooth, Inc. (OTC: BBTH), iHeartMedia, Inc. (OTC: IHRT)
“Today’s entertainment and media reality is one of companies intensely competing for dollars with the increasing proliferation of free online media alternatives. This global multi-speed media landscape has created unprecedented challenges for companies in the battle for customers and value,” said Deborah Bothun, PwC’s Global and U.S. Entertainment & Media Leader. “The acceleration of digital and technology innovation is expected to continue to force companies to innovate and reimagine the industry as we know it.”
Everlert, Inc. (OTC: EVLI) announced yesterday that “JH Media Group, created and developed by the late Jerry Heller in collaboration with legendary music producer Denny Diante and the renowned Jennifer Harper, has merged with Everlert, Inc., a publicly-traded Company,” according to Everlert’s CEO, Mark Blankenship.
The merger enables Everlert, Inc. to place the necessary funding in a private equity fund to underwrite and develop the Intellectual Property Rights included in the merger, which include unpublished Elvis Presley and Tupac tracks, according to Mark Blankenship. The private equity fund that will be used to effectuate the merger is Everlert Entertainment Equity Partners, LLC.
“Everlert anticipates increased value based upon our merger with JH MEDIA Group and the ongoing efforts of its talented and accomplished CEO Jennifer Harper, who was recently appointed as the new President of Everlert, along with the legendary Denny Diante, who was also appointed to the Board,” said Blankenship.
Jennifer Harper created and founded JH Media Group in collaboration with the late Jerry Heller and Denny Diante in 2015 and created a music conglomerate that owns and controls intellectual property rights that have generated substantial revenue for several decades.
“We believe that the tremendous value of the music rights created by Jerry Heller and Denny Diante has the potential of generating significant revenue for Everlert, as well as increasing the value of Everlert exponentially,” said Harper.
NanoTech Entertainment (OTC: NTEK), a technology company that focuses on 4K media procurement, production, processing and delivery and Akyumen Technologies Corp (Akyumen), a privately held company that designs, develops, manufactures and delivers innovative electronic and mobile technology products to consumers worldwide, announced January 13th, 2016 that they intend to work closely together to assess opportunities leveraging the proprietary technologies of both companies for the mobile market.
Historically, Chinese Lanterns have been used to symbolize good fortune, request favorable weather, and celebrate the lives of loved ones. In 2015, The Lantern Fest®, owned by Sack Lunch Productions Inc. (OTC: SAKL), introduced this ancient Chinese Lanterns tradition to the U.S. featuring food, music, s’mores, and children’s entertainment. When the sun goes down, lanterns light the sky in one spectacular release. Sack Lunch Productions, Inc, majority owned subsidiary, The Lantern Fest®, announced April 12th that it has nearly sold out its Saturday, June 10, 2017 Lantern Fest event at Maple Grove Raceway, just outside of Philadelphia. As a result, The Lantern Fest® has opened a second on Sunday, June 11, 2017 at the same location.
bBooth, Inc. (OTCQB: BBTH) is a Hollywood-based digital tech company offering truly interactive video for Customer Relationship Management (CRM), sales lead generation, marketing campaigns, and social engagement. aymie Scotto & Associates (JSA), the premier provider of PR, marketing and event planning services to the tech and telecom industries, announced on March 28th that it has entered into a licensing agreement with bBooth, Inc.to offer bBooth’s innovative new WalkOut interactive video lead gen technology to JSA’s clients.
iHeartMedia, Inc. (OTC: IHRT) has the largest national reach of any radio or television outlet in America. As the leader in multiplatform connections, it also serves over 150 local markets through 858 owned radio stations, and the company’s radio stations and content can be heard on AM/FM, HD digital radio, satellite radio, on the Internet at iHeartRadio.com and on the company’s radio station websites, on the iHeartRadio mobile app, in enhanced auto dashes, on tablets, wearables and smartphones, and on gaming consoles. iHeartMedia announced on March 27th the lineup for the Daytime Village at the iHeartCountry Festival, a Music Experience by AT&T on Saturday, May 6 from 2:30-6 p.m. CT at Frank Erwin Center’s North Box Office Plaza in Austin, Texas. The free daytime event will feature live performances by Jon Pardi, Lindsay Ell, Kane Brown, Tucker Beathard, Chris Janson and Kip Moore. The Daytime Village will also feature fan zones and interactive experiences by iHeartRadio’s brand partners.
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