The Movie Studio, Inc. engages in the development, manufacture, and distribution of independent motion picture content. It produces and distributes movies for worldwide consumption in theatrical, video on demand, foreign sales, and other media devices. The company was founded in 1961 and is headquartered in Fort Lauderdale, FL.
The Movie Studio Inc. is a motion picture production company. The Company is engaged in developing, manufacturing and distributing independent motion picture content for consumption across the globe on a multitude of devices. It operates as a production movie studio in Miami, Florida area. Its Movie Studio platform consists of three verticals: Strategic Partner, Locations Pay Us and Product Placement. In the Strategic Partner vertical, it enters into agreements with asset partners, wherein these partners can promote their brand, product or service through the platform. Through the Locations Pay Us vertical, it gets paid for filming a scene of its movie at the location of a client. Through the Product placement vertical, companies use its platform to create brand awareness for their brand, product or service. Its production department includes Insert Green Screen for special effects, edit suites, lighting and equipment, and utilizes a range of 4K high-definition Red Dragon cameras.
This sound pretty bad….
Note 3 – Going Concern
The accompany financial statements have been prepared on the basis of accounting principles applicable to a going concern, which assume that The Movie Studio, Inc. will continue in operation for at least one year and realize its assets and discharge its liabilities in the normal course of operations.
Several conditions cast doubt about the Company’s ability to continue as a going concern. The Company has an accumulated deficit of approximately $11.1 million as of March 31st, 2020, has limited cash available for payment of operating expenses, no source of revenue, and requires additional financing in order to finance its business activities as a going concern. The Company’s future capital requirements will depend on numerous factors, including but not limited to continued progress in the pursuit of business opportunities. The Company is actively pursuing alternative financing and has discussions with various
third parties, although no firm commitments have been obtained. In the interim, the principal shareholder has committed to meeting any operating expenses incurred by the Company. The Company believes that actions it is presently taking to revise its operating and financial requirements provide it with the opportunity to continue as a going concern.
This Sounds a Bit More Promising
Could this be right?
Incorporated in Delaware on 7/28/1961. The Company is an active Delaware Corporation.
wow, check this out
The motion picture in process known as “Cause and Effect” features Excelina Ordonez The costs upon completion of this motion picture will be capitalized and then made part of the costs of the motion picture in-process for VCP II that began during the early part of the year of 2013.