Punch TV Studios Has Decided to Streamline the Company for Future Growth
Punch TV Studios has decided to streamline the company and focus its attention on syndication and the development of new movies
SANTA FE SPRINGS, Calif., April 1, 2019 (Newswire.com) - Punch TV Studios has decided to streamline the company and focus its attention on syndication and the development of new movies and television projects that can be distributed via syndication. As a result, Punch TV Studios has decided to shed certain assets. This should allow the company to be competitive in the syndication space on a global level.
On June 15, 2018, Punch TV Studios Inc. announced that it had entered into an Asset Purchase Agreement with PunchFlix Inc., a private company, to sell certain assets to the buyer.
PunchFlix Inc. always seeks to provide customers with the best digital movies and television experience. The global launch of the PunchFlix digital streaming movie and television platform is firing viewers up and this is an exciting moment at PunchFlix Inc. The streaming service company believes that it is addressing the need to implement programming for global appeal. Starting with hundreds of movie titles and more live television streams, PunchFlix showcases top-notch programming for consumers to enjoy. PunchFlix Inc. is eager to put the "Punch" into how television is viewed around the world. With television available for viewing anytime and anywhere, the appeal of PunchFlix will change how consumers choose to enjoy their television experience.
The company recently announced that it had completed a deal with a large distributor and is adding over 10,000 movies to its platform. PunchFlix boasts that it currently has 22 live streaming television channels available 24/7 and is looking to expand. The company has built a media platform that allows people to catch all their movies and TV shows on the go, which is the way consumer television viewing habits are trending.
PunchFlix currently has over 400 movies loaded to its platform and according to CEO Joseph Collins, "PunchFlix is amazing and the marketplace is responding. We are working to add 2,000 movies right away and consumers should know that we are encoding these movies to fit almost every device out there. This is a little challenging, but we want to follow the technological move of the future."
Source: Punch TV Studios
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