HOLLYWOOD, Sept. 18, 2014 (GLOBE NEWSWIRE) -- The Movie & Music Network (OTC:DIDG) announced a 60% growth in revenue and a 24% increase in subscriber base between the period between March 31st and August 31, 2014, equating to an annual run rate of 144%.
Reached by phone in his Los Angeles office, CEO Martin Greenwald said, "We believe this company is entering a very exciting growth period--not just in revenue and subscribers--but most importantly, in the depth and breadth of our content. We're now working with four different channel partners, sharing advertising and promotion, and it's paying off--the proof is in the subscribers."
In just the last two months the Hollywood, California-based network has added over one thousand new titles as well as original programming on its MJ360TV channel, including the show "Grass Roots," which streams live on Tuesdays and Thursdays at 3:30 pm PST. The company is currently in final negotiations with the producers of a highly sought-after, one-of-a-kind TV series involving a hip-hop artist who acts on a dare and how it changes his life. Also on the board is "Friends In High Places," a diverse array of historical and current behind-the-scenes footage of well-known hip-hoppers. Some twenty additional channels are scheduled for launch before the end of 2014.
"Keep in mind," added the CEO, "we're carefully tracking our most successful titles and ramping up our programming to emulate those results. It's all about content, and we're committed to bringing our viewers an incredibly deep and diverse programming experience for the money."
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Source: The Movie & Music Network