CEO Collins Sets the Production Phase for Key Enterprise Expansion.
current: Feb 1, 2021 02:00 PST
SANTA FE SPRINGS, Calif.,
February 1, 2021(Newswire.com) –
Joseph Collins, CEO of the City Television Network Corp (OTC: URBT) declared that the enterprise has entered into an settlement for a $30 million greenback dollars and inventory to acquire the organization of one particular of the “greatest impartial comprehensive-assistance tv and movement photo manufacturing studios on the West Coastline.” The completely operated studio, just a thirty-moment scenic travel from the heart of Los Angeles and situated on an 82-acre backlot, is identified for currently being the host of the major motion picture productions and Hollywood’s most bankable celebrities are just a couple of the notable corporate consumers manufacturing commercials and other movie shoots at the studio.
Urban Television Community Corp (OTC: URBT) is environment the phase for major advancements in the business and for forward movement. The predicted near of the studio acquisition is third quarter 2021. States Collins, “I am tremendous excited for this phenomenal acquisition and the means to forge-forward with the vision for URBT this is our initially stage of a lot of acquisitions URBT intends to make to improve the firm’s placement in the media industry landscape.”
The landscape is great for an all-inclusive just one-prevent-store. Found just exterior of the Hollywood thirty-mile zone (TMZ), the studio provides the perks of a comprehensive-company tv and movement image creation studio, with the potential for field movers and shakers to develop television programming, movies, new music movies, television set commercials, and just about anything else that will involve movie or movie productions.
A much more edge of the seat aspect of the acquisition is that the studio occupies far more than 70,000 sq. ft of manufacturing space and delivers whole production and write-up production services inclusive of 6 audio stages (finish with environmentally friendly rooms and room for wardrobe and make-up), 2 screening rooms, enhancing bays and output workplaces.
States Collins, “When this offer is done, URBT will have the largest unbiased whole-service television and motion photo generation studios. This purchase will add to our revenues and raise the asset base of City Television Community Corp.”
CEO Joseph Collins is internet hosting a webinar on Saturday, Feb. 6, 2021, at 10 am PST. He will be training about investing standard. To sign-up take a look at https://URBT.com
For an interview with Mr. Collins or for extra info pertaining to URBT, make sure you visit our web site at urbt.com, e mail [email protected] or contact our place of work at 323-489-8119.
City Tv Community Corp (OTCMKTS: URBT) Negotiates $30 Million Studio Acquisition
Secure Harbor Statement: This push launch could include ahead-hunting statements within the this means of Area 27A of the Securities Act of 1933 and Part 21E of the Securities Exchange Act of 1934. These ahead-on the lookout statements are centered on latest designs and anticipations of management and are matter to a selection of uncertainties and risks that could drastically influence the company’s latest designs and expectations, as properly as upcoming effects of functions and economic ailment.
Resource: City Television set Community Corp.