Devine Entertainment Corporation [OTCBB:DVNNF] is establishing an online content distribution unit to accelerate revenue growth in the expanding marketplace for digital download of film and television content. The newly formed Devine Digital Content Group will spearhead initiatives to maximize revenue opportunities in the double-digit industry growth of video-on-demand (VOD), Internet, wireless and mobile communications, and other new electronic distribution channels. This company initiative comes as the entertainment industry continues to experience a technology convergence revolution unifying traditional entertainment channels in film and home entertainment with mobile communications technology and broadband computer technologies.
“Video-on-demand, IP-based channels and other novel digital solutions will be the most important growth areas for the global entertainment industry in the coming years, and we intend to fully monetize our proprietary library to meet this projected demand for content,” said David Devine, President and Chief Executive Officer of Devine Entertainment. “Our Digital Content Group will work across every level of the Company to maximize synergies to best profit from the enormous potential of these digital distribution channels.” Devine has commenced negotiations with the world’s leading digital and VOD distribution companies—Toronto, Ontario
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