Liquid Media Group Inc. (YVR) stock plunge during after-hour despite any recent update.

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CLIR Stock
CLIR Stock

Liquid Media Group Inc. (NASDAQ: YVR) stock gained by 6.02% at the last close whereas the YVR stock price declines by 2.27% in the after-hours trading session. Liquid Media Group is a firm that provides business solutions in order to support independent intellectual property creators. Professional video production, packaging, financing, distribution, and monetization will all be possible with Liquid’s end-to-end solution, allowing IP creators to take their professional content from conception to commercialization.

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YVR stock’ Recent Past Development

Digital Cinema United, a provider of content supply chain technologies and services, has signed a letter of intent with Liquid Media Group. Liquid would buy DCU for up to 3,750,000 shares under the terms of the LOI, and DCU would have to generate sales of more than US$15 million to trigger two of the three equal tranches. Additional funds will be invested in DCU’s ongoing operations, commencing with the immediate availability of a $1.15 million secured bridging loan to be used for working capital and company expansion.

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Sponsored

DCU’s supply chain provides a comprehensive range of primary asset production capabilities to deliver video, audio, and data stream files with exquisite clarity, from content source file creation through dissemination. DCU develops localized deliverables to ensure worldwide delivery, delivers the finest hybrid content fulfillment solutions across 40+ countries, and brings theatrical and downstream services together under one roof, with distributions to the bulk of the world’s digital platform providers.

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Official Statements

YVR stock’ CEO, Ron Thomson stated,

They’re thrilled to have DCU as part of their four-stage business solutions engine. It is intended to offer crucial, next-generation technologies that will place independent IP creators of all kinds and sorts on an equal footing with large studios in terms of production capabilities, worldwide servicing, and theatrical and digital release.

Alan Christensen, CEO for Digital Cinema United commented,

DCU is thrilled to be a part of the Liquid Media ecosystem. Liquid’s mission aligns with their goals, and having a multi-tool and service package that provides new content delivery options is absolutely what the business requires. DCU offers a highly scalable architecture that is widely used and successfully incorporated across the supply chain at all levels. They’re excited to expand their content flow into new sectors and provide extra value to their customers and exhibition collaborators.

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