Milestone Group PLC Milestone Group Plc : Nexstar Update

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Nexstar Update 
 
   Milestone, the AIM quoted (AIM: MSG) provider of digital media and 
technology solutions announces that its Nexstar joint venture with Black 
Cactus is now distributing independent film and video to the Amazon 
Prime global streaming service. 
 
   This opportunity gives Nexstar access to the largest media customer base 
in the world and means that those who use the innovative media 
publishing platform to distribute their own video and film will have 
access to Amazon Prime's global audience, giving them not only control 
over their art but a potential audience reach, numbering in the many 
millions. 
 
   This will be a pivotal opportunity for Milestone Group as its subsidiary, 
Nexstar will earn revenue from every video or independent movie streamed 
from the publishing platform and augments the customer reach 
substantially. The Nexstar streaming platform currently supports video 
distribution over major global brands and with the inclusion of Amazon 
Prime, gives Nexstar one of the largest distribution networks in the 
world. 
 
   Deborah White, CEO of Milestone commented: 
 
   "This is fantastic news for Milestone as it increases our reach of 
customers immeasurably for our streaming of independent film and video. 
The potential customer base that the opportunity with Amazon Prime 
brings will also help us market the publishing platform to some of the 
largest companies in the music sector, some of whom have already 
expressed interest because of what it delivered before the Amazon Prime 
agreement. The media publishing platform, Backstage HD, brought a total 
packaging and distribution solution for the first time to the music and 
video industry and with this deal with Amazon Prime, brings customer 
reach as well as innovation to the product." 
 
   For further information: 
 
 
 
 
Milestone Group PLC 
Deborah White, Chief Executive                   Tel: 0207 929 7826 
 
Cairn Financial Advisers LLP, Nominated Adviser 
Liam Murray                                      Tel: 0207 148 7900 
 
Hybridan LLP, Broker 
Claire Louise Noyce                              Tel: 0203 764 2341 
 
Walbrook PR Limited, PR 
Gary Middleton/Paul Cornelius/Paul Whittington   Tel: 0207 933 8780 
 
 
   Market trends 
 
   The independent film industry is a multi-billion-dollar industry 
spawning such films as The Blair Witch Project and more recently Brash 
Young Turks, which will be the first high profile independent film to 
fully utilise this new opportunity between Nexstar and Amazon Prime. 
Brash Young Turks is a film by British director Naeem Mahmood and 
features such high profile names as Julian Glover CBE of Star Wars, Game 
of Thrones and James Bond fame, Grime music legend D Double E and former 
Mayor of London Boris Johnson. Naeem Mahmood has already begun 
production of his next movie entitled 'Us' which will again be 
exclusively distributed through this arrangement. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/

(END) Dow Jones Newswires

September 21, 2016 05:06 ET (09:06 GMT)

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