LAS VEGAS, NV--(Marketwired - Jul 25, 2016) - Momentous Entertainment Group, Inc. (OTC PINK: MMEG), an innovative, diverse media company, announced today that it has signed a binding agreement with Poolworks Germany LTD, one of the largest social media companies in Germany. The Agreement calls for Momentous Entertainment to provide Hollywood quality film and television content to Poolworks 10+ million subscribers on a revenue shared basis.
Momentous will provide entertainment content to Poolworks social media sites, StudiVZ and MeinVZ. The Company will deploy a Momentous online branded network with a full end-to-end OTT streaming solution. The service will be offered on an ad driven basis, a pay-per-view, and a recurring monthly subscription fee model.
Poolworks and Momentous Entertainment will share in the multiple revenue streams from advertising sales, transactional Video on Demand (VOD) and monthly subscription fees charged to poolworks' members who choose to sign up for the Subscription Video On Demand (SVOD) service.
According to Momentous President and CEO, Kurt Neubauer, "This binding agreement enables the Company to create substantive and recurring revenue in addition to our aggressive acquisition program. Once this system is installed and operational, Momentous Entertainment will offer the service worldwide to other social media and similar platforms."
About Poolworks Germany Ltd.
Poolworks' StudiVZ and MeinVZ record more than 10 million registered users between the ages of 16 and 59 and over 45 million page impressions per month. Established in Germany in 2005, Poolworks has evolved into a recognizable household name by developing new platforms, integrating content, and marketing social games. To learn more, visit Poolworks' websites: www.studivz.net and www.meinvz.net.
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. is an innovative, diverse media company that creates, produces, and distributes quality content across various media channels, including feature film, television, radio, the Internet, and various forms of digital media for use in the home and on mobile devices. The company is divided into three divisions: TV & film, music recordings, and direct marketing. With a combined experience of more than 100 years in entertainment and marketing, MMEG will be able to make major contributions by providing quality content and products worldwide.
Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook (https://facebook.com/momentousent13), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/10623581).
To learn more, visit Momentous Entertainment Group's websites: Products Site www.momentousent.com, Music Site www.momentousmusic.com and Music One Corp www.music1.biz.
This press release may contain forward-looking statements, including information about management's view of Momentous Entertainment Group Inc.'s (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.