Tags Posts tagged with "$DIDG"

$DIDG

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The Digital Development Group (DIDG) Reports Unaudited Revenues And Expenses For FY 2014 – Revenues Up 83 Percent – Expenses Down 2.7 Million Dollars.

HOLLYWOOD, Calif., Jan. 29, 2015 /PRNewswire/ — The Digital Development Group Corp.,  (“DIDG”) (DIDG), operating as The Movie and Music Network, the Hollywood, California-based online content provider today announced unaudited revenues and expenses for 2014.  CEO Martin Greenwald discusses the company’s results.

“Revenues rose to $110,483 from $60, 311 in 2013.  Even though the numbers are not significant, this is about the direction of the company and clearly we have begun a period of growth.”

“We’re proud of our expense containment efforts.  For 2013 our operational expenses were $4,942,160 and for 2014 approximately $2,185,104, that’s over a 55% decrease from 2013. Profitability is the product of increasing revenues and managing expenses. On that front, I am delighted with our results.  We will continue to monitor all of our costs and follow our corporate creed of working harder and working smarter.”

The company began the new year by signing an exclusive agreement with Amazon Web Services (AWS). Greenwald continued to explain, “2015 could be a breakout year. We continue to be excited about the upcoming launch of Miracle Stream, our adult streaming website. This new site will feature classic adult programming and the most current new releases from the best adult entertainment companies.  DIDG is confident that expanding into the adult market should positively impact revenues.  Miracle Stream, which launches at the end of next month, will have a strong social media footprint. The adult industry consistently grows worldwide, with an estimated viewing audience of 25 percent of the web. We possess worldwide rights for this programming. We believe this positions us well for this launch. Globally, we trust we can penetrate new markets that, to date, have not had access to this content.  We regard this as a huge positive for this new initiative.”

Additional details of the Company’s business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser:
http://www.globenewswire.com/newsroom/ctr?d=10095182&l=9&u=http%3A%2F%2Fwww.movieandmusicnetwork.com%2Fsecfilings

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-digital-development-group-didg-reports-unaudited-revenues-and-expenses-for-fy-2014–revenues-up-83-percent–expenses-down-27-million-dollars-300027656.html

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The Digital Development Group Signs Exclusive Streaming Agreement With Amazon

HOLLYWOOD, Calif., Jan. 15, 2015 /PRNewswire/ – The Digital Development Group Corp.,  (“DIDG”) (DIDG), the Hollywood, California-based online content provider today announced they have signed a deal with Amazon’s AWS (Amazon Web Services), for AWS to be DIDG’s exclusive content delivery network (CDN) provider.

Martin W. Greenwald, CEO, describes DIDG’s newly signed agreement,  “This is a very important agreement for us.  Effective and efficient delivery of content through all our platforms, Apple, Android, Roku and the Internet are cornerstones to the growth of our business. This agreement guarantees DIDG access to Amazon’s world-class global network of servers and storage as well as content management systems available only to their clients.”

Greenwald goes on to say, “In the past 2 weeks we have experienced a ‘glitch’ in our delivery system and now with Amazon’s help, we are rapidly getting the Movie and Music Network back to full capacity.  In addition to the channels we currently have, we’ve begun the process of uploading hundreds of additional titles.  We are also redesigning our websites with the latest innovations to make the user experience as friendly and easy as possible.”

Greenwald also mentions the company’s up-and-coming adult network, “We now have two networks up and running, (movieandmusicnetwork.com and 99CentNetwork.com), and are looking forward to the launch of our new network in February, “Miracle Stream,” which will aggregate multiple studios in the adult entertainment industry under our roof.  When launched, Miracle Stream will give users the ability to stream hundreds of hours of adult content from the classics of the 1970’s to the latest releases of 2015. “

“I anticipate that 2015 will be a banner year for DIDG. The incredible growth of Internet streaming continues, and is an exploding platform throughout the world. Working now with Amazon gives us great comfort knowing that our products will always be available through AWS’s reliability, strong worldwide presence, and cost effectiveness that will translate positively to our shareholders and customers.”

Additional details of the Company’s business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser: http://www.globenewswire.com/newsroom/ctr?d=10095182&l=9&u=http%3A%2F%2Fwww.movieandmusicnetwork.com%2Fsecfilings.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-digital-development-group-signs-exclusive-streaming-agreement-with-amazon-300021027.html

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