Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF) Finds Lucrative Niche Amid Streaming Services Boom
Wonderfilm expects to generate $100 million in revenue by 2021, $20 million in deferred revenue early next year
- Company is backed by four Hollywood producers who produced over $1 billion dollars of hit movie revenue
- 69% of U.S. households now subscribe to streaming video services, up from 55% in 2017
- Entertainment and media industry’s revenue to reach $2.4 trillion globally in 2022
Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF), a leading entertainment company, is finding a lucrative market niche amid rising demand for streaming services. The race to capture content streaming consumers is a salient feature of entertainment, and the company has become more attractive to investors than ever before as a new provider of quality content.
Global demand for streaming content is at an unprecedented high. Almost a fifth of respondents in a survey by Colling Media stated they had canceled cable television, and 39% of consumers subscribed to streaming services between June and July 2019 (http://nnw.fm/P7gSO). Roughly 69% of U.S. households now subscribe to streaming video services, up from 55% in 2017. Consumers are willing to spend more on content they want, which is an excellent opportunity for companies like Wonderfilm.
Moreover, total global spending on entertainment and media is expected to rise at a compound annual growth rate (CAGR) of 4.4% over the next five years. The industry’s global revenue will reach $2.4 trillion in 2022 as a result, up from $1.9 trillion in 2017, a PwC report shows (http://nnw.fm/82Rbh).
As streaming video on demand providers are investing in existing and new content heavily and making efforts to attract major filmmakers, Wonderfilm has an excellent opportunity to jump the bandwagon with around 100 films streaming on Netflix platform. The company differentiates itself by setting up each film as a single-purpose entity packaged for upfront sale, thereby eliminating filmmaking risk (http://nnw.fm/DC4Uk).
Wonderfilm’s joint venture Wonderfilm Global, an international company distributing and selling film and TV, is expected to generate substantial revenue as well. The company had relationships with foreign buyers before launching the joint venture and being able to sell to them directly was an important milestone.
The company has lucrative prospects for many reasons. Giants like Google, Disney, Apple and Microsoft are competing with Netflix for streaming service subscribers. Wonderfilm caters to great demand for quality content and retains a continuing annual production slate of $58 million to meet the constant and growing need for content worldwide.
The company has eight green-lit in-development features representing $60 million in production budgets. These include Amityville 1974, in theatres October 2020, and the action film Inside Game with Tyrese Gibson, in theatres sometime in the fall of 2020. The company is also currently developing secured valuable IP rights.
Wonderfilm is backed by four Hollywood producers, who have over $1 billion worth of hit movie revenues under their belts. The company brings several leading industry executives with impressive track records of individual success into a new wider business model. Based on this model, they are capable of quickly financing and flexibly producing fresh slates of film and TV content for U.S. and foreign markets.
Wonderfilm expects $20 million in deferred revenue early this year and has positioned itself to realize $100 million in revenue by 2021. On the stock market, it is undervalued by a factor of 23 with a market cap of $5.2 million. It is a leading publicly traded entertainment company with offices in Los Angeles and Vancouver.
For more information, visit the company’s website at www.Wonderfilm.com
NOTE TO INVESTORS: The latest news and updates relating to WDRFF are available in the company’s newsroom at http://nnw.fm/WDRFF
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
New York, New York
NetworkNewsWire is part of the InvestorBrandNetwork.