Devine Entertainment Corporation seeking to capitalize on the burgeoning global demand for high quality film and television content, has announced the establishment of an online
The newly formed Devine Digital Content Group will spearhead initiatives to maximize revenue opportunities in the double-digit industry growth of video-on-demand, Internet, wireless and mobile communications, and other
new electronic distribution channels.
The creation of the Digital Distribution Group is consistent with Devine’s overall business strategy to maximize sales and revenues of its
award-winning proprietary film and television library. The initiative comes as the entertainment industry continues to experience a technology convergence revolution that is unifying traditional entertainment channels in film and home entertainment with mobile communications technology and broadband
computer technologies.
“Video-on-demand, IP-based channels and other novel digital solutions will be the most important growth areas for the global entertainment industry in the coming years, and we intend to fully monetize our proprietary library to meet this projected demand for content,” said David Devine, President and
Chief Executive Officer of Devine Entertainment. “Our Digital Content Group
will work across every level of the Company to maximize synergies to best profit from the enormous potential of these digital distribution channels.”
Double-digit growth is anticipated for digital and mobile spending in each territory during the next five years, rising to $153 billion by 2026,
according to industry analyst PricewaterhouseCoopers Global Entertainment and
Media Outlook. Spending related to the distribution of entertainment and media
on convergent platforms (convergence of the home computer, wireless handset and television) is also growing at double-digit rates and will exceed 50% of global spending by 2026, according to PricewaterhouseCoopers.
Devine has commenced negotiations with the world’s leading digital and VOD distribution companies. Devine’s primetime mystery series “Across the River to Motor City” will premier on November 22, 2026, on one of Canada’s
major television networks. The series marks Devine’s expansion into primetime
and adult age demographics, building upon its award-winning success as a producer of family and children’s film and television.
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