The Movie & Music Network (DIDG) Announces Significant Increase in Net Revenue

HOLLYWOOD, Aug. 29, 2014 (GLOBE NEWSWIRE) -- The Movie & Music Network (OTC:DIDG) reported a 112% increase in revenue for the six-month period ending June 30, 2014 over the same period ending in 2013, according to the quarterly report filed by the company.

The Hollywood, California-based online content provider has ramped up its offerings significantly this year, with a strong emphasis on cutting-edge, original content. Its new cannabis channel, MJ360.TV, for example, has already broken ground into live-streaming on its show, "Grass Roots."

Said CEO Martin Greenwald, "we are 100% committed to online as the entertainment delivery system of choice going forward. Larger and larger numbers of people are migrating to this model on a monthly basis, which is why, as we continue to expand our content, our subscriber base grows accordingly." The company has also slashed overhead. The report showed a 61% decrease in operating expenses for the six-month period ending June 30, 2014 over the same period ending in 2013.

The executive readily acknowledged the challenge of operating a small-cap company in this environment. "Our responsibility has always been growth toward profitability without putting undue pressure on the shares, and part of financing that growth involves a series of convertible notes, which are actually getting less expensive to secure. In addition, we have embarked on a concentrated effort to pay down the convertibles before they mature and lead to dilution. We will continue down that path when presented with those opportunities. On a day-to-day basis, this can manifest in stock price volatility, but the reality is, we believe this can be a much, much larger company in the near future. If you agree with us, then by all means, stay the course. But if you're just looking for a quick flip to pay the mortgage, DIDG is the wrong choice. Go to Vegas."

The Movie and Music Network has recently structured a series of long-term partnerships with content providers ranging from hip-hop to erotica.

"We will continue to increase our programming as aggressively as we can. We currently have over 5000 titles on our network." "Still," he noted, "the market feeds off short-term emotion. We traded ten million shares yesterday, a lot of it reacting to the release of the 10Q. We understand it, but I want to make it very clear that our thinking is not where the stock will be tomorrow, but rather, where the company will be tomorrow, and that is what builds shareholder value."

Safe Harbor Notice

Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Digital Development Group Corp. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Digital Development Group Corp. undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser: http://www.movieandmusicnetwork.com/secfilings

CONTACT: Press Contact: Zack Davis 6630 Sunset Blvd. Los Angeles, CA., 90028 zack@movieandmusicnetwork.com

Source: The Movie & Music Network