Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”)
(Nasdaq: YVR) is pleased to announce an extension of its
partnership with YDX Innovation Corp. (“YDX”) to provide virtual
reality (VR) content for Liquid’s Reelhouse streaming
platform.
“We believe Reelhouse is in a unique position to
be one of the main streaming platforms for VR films and
experiences, direct to consumers,” said Daniel Japiassu, CEO of YDX
Innovation. “Right now, access to VR films is mostly done in
location-based centers or at film festivals like Venice, Cannes or
TIFF. YDX is immersed in the VR community, and can provide great
content to Reelhouse VR. We see this as an opportunity to
strengthen our relationship with Liquid, a company that we love to
work with, while bringing innovative stories to audiences.”
An established Liquid collaborator and pioneer
in the VR space, YDX will bring their expertise to content
selection and creation, to develop a growing pipeline of VR films
and experiences for Reelhouse VR. Through the expanded
partnership, and using many of the most popular headsets, Liquid
expects to make a growing selection of VR films available for
consumers to experience. An early pioneer in bringing VR films to
streaming platforms, Reelhouse VR is well positioned to deliver
great content to a global audience in the face of increasing
demand.
“Expanding our content offering is of central
importance as we continue to advance our streaming platform, and we
want to meet people where they live. Beyond the immediate
excitement around bringing engaging content to the market, we see
VR playing a larger role as consumers demand better and more
diverse content to consume from home,” said Joshua Jackson,
Chairman of Liquid. “Daniel and the entire YDX team are proven
partners, and we look forward to building a robust pipeline of
best-in-class VR.”
The global VR market is expected to reach USD$61
billion by 2027, driven in large part by adoption into more
traditional entertainment venues such as theaters, and due to
increasing use across gaming and esports. Enterprise adoption
remains a principal factor, reinforcing familiarity with the
technology. Facebook, the market leader in VR headsets, recently
announced a ramp up of its Oculus VR headsets by up to 50% this
year, on the back of surging revenue associated with Oculus and
Portal devices. With an estimated one-third of the world’s
population subject to some form of lockdown, historical barriers to
entry for consumers are being removed.
About Liquid Media Group
Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an
entertainment company with a strong portfolio of content
intellectual property (IP) spanning creative industries.
Originating in Vancouver’s media and entertainment supercluster,
Liquid’s mission is to empower storytellers worldwide to develop,
produce and distribute content across channels and platforms.
Liquid Media’s leadership team includes
Chairman Joshua Jackson (actor /
producer, television and film), Chief Financial
Officer Daniel Cruz (previously of
Canaccord Financial), Managing Director Charlie
Brezer (serial entrepreneur),
Director Stephen Jackson (Northland
Properties), and Director Nancy
Basi (veteran Media, Entertainment, VR/AR expert),
alongside Advisory Board members Wilson J.
Tang (acclaimed digital entertainment
veteran), Andrew Kaplan (capital markets
strategist) and Michael Timothy
Doyle (veteran interactive entertainment industry
production executive). Each brings decades of industry expertise
and significant passion to advance the Company’s mission.
Additional information is available at
www.LiquidMediaGroup.co
About YDX Innovation
YDX Innovation Corp. (TSX-V: YDX) is a technology
company that develops products and services and is an expert in
immersive technologies like augmented and virtual reality, esports
events and interactive exhibitions under the following four
divisions:
Arkave VR Arena - a gaming
platform that brings the most immersive virtual reality experience
to location-based venues with a highly scalable business model.
Developed as an all-in-one gamers haven featuring state-of-the-art
free-room tech right down to the most nostalgic gaming systems.
YDreams Global - has developed over 1,300
interactive experiences for clients all over the world such as
Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes-Benz, Coca-Cola,
Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
BEAT Gaming - founded in 2011,
BEAT Gaming is an experienced Canadian esports company that has
organized internationally recognized events such as the Dota 2,
Overwatch and PUBG BEAT Invitational. Since its creation, BEAT has
organized over 30 professional and semi-pro esports events, which
have reached over 40-million views globally.
Purple Mage Advisors (PMA) – a
research and data analysis firm that specializes in player
recruitment and development in the gaming industry. PMA helps
esports and gaming companies with industry reports, player
recruitment, player training, data analysis and relevant
statistical reporting.
Further information:
Daniel Cruz Liquid Media Group Ltd. +1 (416) 489-0092
pg@liquidmediagroup.co
Media requests:
Adam Bello Media & Analyst Relations Manager Primoris Group
Inc. +1 (416) 489-0092 x 226 media@primorisgroup.com
Cautionary Note Regarding
Forward-Looking Statements
This news release includes statements containing
certain "forward-looking information" within the meaning of
applicable securities law ("forward-looking statements").
Forward-looking statements are typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate",
"potentially" and similar expressions, or are those, which, by
their nature, refer to future events. These statements should not
be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
to be materially different from those implied by such statements.
Such factors include, but are not limited to: developments related
to the COVID-19 pandemic, regulatory actions, market prices,
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected in the forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made. The
Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3813f3bf-f7a1-436f-af6e-44c4d5308387
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