Los Angeles, California–(Newsfile Corp. – March 2, 2021) – Mike The Pike Productions, Inc. (OTC Pink: MIKP) Announces today that its subsidiary Arowana Media Holdings, Inc., (
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CEO Mark Newbauer provides the latest updates regarding the new 15c-211 Rule:
“As for trading as Pink Current Information- It was announced that on September 16, 2020, the SEC recently approved the proposed amendment to the 211 rule. (https://www.sec.gov/news/press-release/2020-212/) The rule became effective December 28, 2020.”
“Per an updated discussion with Issuer Services this week, they are having internal discussions toward deciding what, if any, procedures for companies trading in the Expert Market, like MIKP, will have available to become eligible for Pink Current Information Tier. We remain cautiously optimistic on the matter and standby with updated financials and information to post accordingly once there is more clarity on the matter.”
“In the meantime, we have what we feel will be an exciting opportunity for investors that we will announce details on in the coming weeks. Prior to that we expect to update shareholders with more great news on the operations side of the business.”
Forthcoming updates will detail newly acquired property/IP rights, strategic advisors, partnerships and the road ahead.
Industry Notes:
With people staying at home, over-the-top (OTT) video has seen global revenue surge by 26.0% in 2020. And it will keep rising strongly in the coming years, almost doubling in size from US$46.4bn in 2019 to US$86.8bn in 2024. The launch of the Disney+ streaming service in late 2019 could hardly have been better timed: having projected between 60mn and 90mn paying subscribers by 2024, Disney+ reached 60.5mn in early August 2020. Not surprisingly given the rise of streaming, global data consumption is another beneficiary of the digital acceleration powered by COVID-19. It will jump by 33.8% in 2020 and will more than double from 1.9 quadrillion megabytes (MB) in 2019 to 4.9 quadrillion MB in 2024.
Despite the inevitable downturn, there is a tremendous opportunity for content creators, producers and owners of media intellectual property rights We believe that significant opportunities lie ahead for us to exploit these trends toward newer media outlets which will include HBOMax, Disney+, Peacock, Apple TV+, Netflix, Amazon, Hulu, and others, in addition to traditional media outlets.
About Mike The Pike Productions:
Mike the Pike Entertainment is parent company to Arowana Media Holding and Mike The Pike Entertainment LLC, an IP Acquisitions and Development company with a focus that includes Feature Films, Television, New Media and Graphic Novels. The Company has ownership and/or participation in a stable of high-profile or undervalued intellectual property currently in development for series or feature.
About Arowana Media Holdings
Arowana Media Holdings, Inc. (www.ArowanaMedia.com ) is an IP Acquisitions and Development Company with a focused plan to build a diverse portfolio of IP to be produced and exploited in the entertainment marketplace via its flagship subsidiary, Mike the Pike Entertainment, LLC, which will acquire, incubate and develop IP which can then be used to complement horizontally integrated subsidiaries focused in Film/Television/Streaming, Publishing, Software/Gaming, esports, AR/VR, and Artificial Intelligence.
About Dynamite Entertainment
Dynamite was founded in 2004 and is home to several best-selling comic book titles and properties, including The Boys, The Shadow, Red Sonja, Warlord of Mars, Bionic Man, A Game of Thrones, and more. Dynamite owns and controls an extensive library with over 3,000 characters (which includes the Harris Comics and Chaos Comics properties), such as Vampirella, Pantha, Evil Ernie, Smiley the Psychotic Button, Chastity, and Peter Cannon: Thunderbolt.
In addition to their critically acclaimed titles and bestselling comics, Dynamite works with some of the most high-profile creators in comics and entertainment, including Kevin Smith, Alex Ross, Neil Gaiman, Andy Diggle, John Cassaday, Garth Ennis, Jae Lee, Marc Guggenheim, Mike Carey, Jim Krueger, Greg Pak, Brett Matthews, Matt Wagner, Gail Simone, Steve Niles, James Robinson, and a host of up-and-coming new talent. Dynamite is consistently ranked in the upper tiers of comic book publishers and several of their titles – including Alex Ross and Jim Krueger’s Project Superpowers – have debuted in the Top Ten lists produced by Diamond Comics Distributors.
In 2005, Diamond awarded the company a GEM award for Best New Publisher and another GEM in 2006 for Comics Publisher of the Year (under 5%) and again in 2011. The company has also been nominated for and won several industry awards, including the prestigious Harvey and Eisner Awards.
FACEBOOK: /MTPFB
Instagram: @mtpprods
Twitter: @mtpprods
Twitter: @ArowanaMedia
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Cautionary Statement Regarding Forward-Looking Statements:
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target”, “intend” and “expect” and similar expressions, as they relate to the Company, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
CONTACT:
Mark B. Newbauer, CEO
[email protected]
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