Goliath Film and Media Holdings announces streaming site to be launched
LOS ANGELES, April 26, 2012 /PRNewswire/ -- Goliath Film and Media Holdings (OTC Bulletin Board: GFMH) announces that it plans to go online with its streaming site in May 2012. The Company's recently acquired 1500 educational videos will then be available to school districts, private schools and international licensees. Yesterday, the Company announced that NBA legend AC Green has been appointed as director of the Company's Educational Division. Having the educational videos online will facilitate immediate sales and revenues for the Company.
In addition, the Company's existing feature motion picture film library, as well as other properties being acquired, will also be available online commencing in May. Goliath is formulating at this time the parameters of its subscription program. Its competitor Netflix offers a $7.99 per month plan; Amazon Prime (with about 5,000 films) costs $79 per year, or about $6.58 a month. Goliath plans to fill the niche markets of faith based, education, responsible minority content, and budget horror, and plans in the next few months to add hundreds of feature motion pictures, and thousands in the next 12 to 18 months. Goliath intends to offer an introductory subscription price much lower than its competitors in order to attract subscribers.
About Goliath Film and Media
Goliath Film and Media Holdings ("Goliath"), through its wholly-owned subsidiary Goliath Film and Media International, intends to develop and distribute film content with an emphasis on "niche" markets of the entertainment industry, such as, without limitation, education, horror, faith-based, and socially responsible minority content. Goliath will specialize in licensing quality films. Goliath also intends to develop screenplays with the intent of outsourcing the production, and locking in the distribution rights to the films produced through the Company's development efforts. Goliath plans to license films domestically and internationally, through a wide distribution network that includes major exhibitors, distributors and television networks. Our website is http://www.goliathfilmandmediainternational.com.
This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
SOURCE Goliath Film and Media Holdings
Goliath Film and Media Holdings
CONTACT: Goliath Film and Media Holdings, John Ballard, Chief Financial Officer, +1-213-537-5730