Momentous signed an agreement to deliver film, TV and sport content on a VOD (video on demand) and SVOD (subscription video on demand) business model with Poolworks LTD, one of Germany's largest social media platform with 14 million members and 10 million visits per month.
To implement the service, Momentous will source the film, TV and sports content from their Hollywood and global relationships; and work with a designated video delivery platform to fulfill the integration into the social media websites. Once this service is implemented and fully operational, Momentous plans to offer the same service to other foreign social media companies.
When enough of this content is free and clear of licenses worldwide, Momentous has the opportunity to create a designated branded movie channel and offer it to various international cable MSOs and satellite providers.
First Project: Poolworks LTD. Germany
Momentous will provide entertainment content to Poolworks social media sites, StudiVZ and MeinVZ. The Company will deploy a Momentous online branded network with a full end-to-end OTT streaming solution. The service will be offered on an ad driven basis, a pay-per-view, and a recurring monthly subscription fee model.
Poolworks and Momentous Entertainment will share in the multiple revenue streams from advertising sales, transactional Video on Demand (VOD) and monthly subscription fees charged to poolworks' members who choose to sign up for the Subscription Video On Demand (SVOD) service.
Momentous is reviewing various film and content libraries which enables Momentous to own these assets and continue to monetize them through streaming media, VOD, and SVOD platforms globally.