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Innovativ Media Group Inc (OTCMKTS: INMG) Gets A Closer Look

Innovativ Media Group Inc (OTCMKTS: INMG) Gets A Closer Look
Written by
Jarrod Wesson
Published on
April 14, 2017
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InsidrFinancial

Innovativ Media Group Inc (OTCMKTS: INMG), the producer of multi-media content, has exploded up the charts this past week. The stock price reacted sharply to the press release of April 12, 2017, delivering shareholders returns close to 100% in just a few days. We will assess, in this article, the news celebrated by investors and provide you some insight about what may happen with the company in the future. Take a look at the recent jump:SourceBusiness of Innovativ MediaAs said Innovativ is a multi-media content producer based in Los Angeles. The website is quite informative, so we encourage you to visit it. We would say that the company works more as a holding company that generates its revenues by acquiring other media assets. In the website, we could read that the following company had been acquired by Innovativ:

  • Lux Digital Pictures
  • The Alien Channel: it is a partnership with FullScreen, Inc.
  • Global Gaming Network, Inc: operates in the sports fantasy businesses.

We found that the following websites are also owned by Innovativ:

  1. www.gameplaymovie.com
  2. www.moneyfornothingmovie.com
  3. www.nightmaresinredwhiteandblue.com
  4. www.americangrindhouse.net
  5. www.filmsoffury.com
  6. www.nightofthelivingdead3d.com
  7. www.area51thealieninterview.com
  8. www.mountainsofmadnessmovie.com

The CEO, Tom Coleman, is an experienced professional having more than 40 years of experience in the entertainment industry.SourceWe investigated a little further and saw that he is the producer of many films that were produced in the 80s. We could identify as many as 23 different movies. There is more information on this website. These are the ones that the Insider Financial team remembers well:

The press releaseOn April 12, 2017, Innovativ announced that it had acquired the media assets of Canna TV and will be launching a new online channel called CannaNet.TV. The website is ready, have a look at it. The company stated in the press release that it will be offering "original entertainment, informational and educational video content related to the Cannabis and CBD culture and industries". The CEO, Tom Coleman, was quoted in the press release as follows:

“Successful new video networks require large, organized communities and clearly defined audiences and we believe the burgeoning Cannabis space will enthusiastically respond to and support a professionally programmed and managed channel. When these assets became available we moved fast as they will give us a foundation to jump start and develop the network. We expect the platform will be an attractive advertising medium for a wide range of Cannabis and CBD related businesses, products and services looking to target customers, which to date, have had limited online advertising options" Source

We believe that this new information is very relevant. The company not only acquired the assets of another media company, but it also announced that it will be launching a new channel.Recent financial figures releasedOn the top of it, the most recent financial figures release by the company have shown considerable growth. On March 8, 2017, the company reported revenues increased over 88% from $98,792 to $185,955 and EBITDA increased by over 2200% from $1,880 to $43,552. The recent price spikes can be attributed, at least partially, to these earnings. The CEO of the company, Tom Coleman, said the following about the results:

“The INMG media assets provide the Company with a stable and reliable base from which we intend to build upon in the coming months with several new projects we have been developing” Source

ConclusionThe company is delivering interesting new acquisitions, and launching new channels. So far, the market is liking what it's seeing from INMG. Additionally, the company is showing very impressive revenue growth, which the market appreciates as well. If the positive news flow continues from Innovativ Media Group, the share price should continue to rise. We encourage the investors to do their own research to see whether they obtain the same conclusions. As always, we will continue to monitor the situation for our subscribers.We will be updating our subscribers as soon as we know more. For the latest updates on INMG, sign up below!Disclosure: We have no position in INMG and have not been compensated for this article.

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