Houston, Texas--(Newsfile Corp. - December 11, 2019) - Wall Street Nation announces publication of an article that discusses Wonderfilm Media Corp. (OTC: WDRFF) (TSXV: WNDR), a leading publicly traded entertainment company with offices in Beverly Hills, Vancouver, Canada and Seoul, South Korea. Wonderfilm's main business is the production of high-quality feature films and episodic television.
The Content Revolution Has Only Just Begun
The golden era of streaming is here.
At the moment, we're seeing unprecedented global demand for streaming content from major players, like Disney, Apple, Amazon, and Netflix from consumers that are abandoning cable.
In fact, according to Colling Media almost 20% of surveyed respondents just canceled cable television between June and July 2019. At the same time, 39% of consumers subscribed to streaming services over the same time frame.
"It's easy to think the cord-cutting trend might have slowed down, but our research shows an incredible number of consumers continue to move on from cable and dish services," says Brian Colling, CEO of Colling Media. "People are choosing streaming entertainment services for the same reason they swapped out home phones for cell phones. Mobile, on-demand, and customized choices triumph every time."
In addition, according to Deloitte, for the first time a higher percentage of U.S. households subscribe to a digital streaming service than to traditional pay television. Analysts found that 69% of U.S. households now subscribe to streaming video services - a sizable gain from the 55% who subscribed as recently as 2017.
Better, according to PwC, "Consumers are willing to spend more to get the content they want, which is good news for brands launching new streaming services. Half of all consumers surveyed indicated some level of interest in subscribing to at least one of the new video services to be launched in the next 6-12 months."
As consumers clamor for streaming, media companies are scrambling to create content, which opens sizable multi-trillion dollar opportunity for the biggest names in the industry.
In fact, according to PwC, "Total global spending on entertainment and media will rise at a compound annual growth rate (CAGR) of 4.4% over the next five years. This boost will see the industry's global revenue reach US$2.4 trillion in 2022, up from US$1.9 trillion in 2017."
Top Companies like Wonderfilm Media Corp. Hold Highly Rated Appeal
Wonderfilm's main business is the worldwide production of high-quality feature films & episodic television. The Wonderfilm team has packaged, produced and delivered several profitable films like BlackKklansmen, The Hurt Locker and National Lampoon's Christmas Vacation with proven access to Academy Award quality films and upside.
In addition, Wonderfilm retains a continuing annual production slate of $58 million to meet the constant and growing need for content worldwide. All headed by Kirk Shaw, who has over 230 movies and seven television series to his credit; 2017 Emmy Award winning producer, Jeff Bowler; and Dan Grodnik, who produced more than 50 feature films, including Bobby.
2020 Already Shaping Up to be a Big Year
At the moment, Wonderfilm has 13 films in or going into production with six scheduled to be delivered in the first quarter of 2020, notes the company.
"In fact, 2020 is shaping up to be a much brighter year with many significant movies and TV Series in our development queue, including eight features already green-lit for shooting representing $60 million US in production budgets."
Among the green-lit features are the horror, Amityville 1974, in theatres October 2020 and the action film, Inside Game starring Tyrese Gibson hitting theatres in the fall of 2020. The Company is also currently developing secured valuable IP rights, including the Steve McQueen Story and the book adaptation, Merchant of Death.
"It's exciting to have audiences getting the chance to experience our films and to see individual film's revenue streams now starting to kick in as the Company's production slate continues to gain momentum," notes CEO Kirk Shaw.
"However, as much as this is a wonderful realization of all our hard work over the past year, I have to caution that corporately Wonderfilm Revenue is recognized only after each film is delivered, which means most the revenue associated with this year's production won't hit the books until the next fiscal year. But it's great to finally have tangible results to point to."
For more information on Wonderfilm Media Corp., click here.
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.WallStreetNation.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
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