One Horizon Group Inc (NASDAQ:OHGI) has announced signing an accord to get 8% stake in the IP and software and source code that underpins 123platform. Founder and Chief Executive Officer of One Horizon Group, Mark White said this accord allows the company to conclude a number of deals that it already works on for some time. The company has been working on with reputed brands in travel, hospitality, sports, and family entertainment arena.
One Horizon Group Inc Signs Accord to Offer Music and Video Streaming Services on Demand
One Horizon Group Inc has signed an accord that allows it to offer access to thousands of wide acclaimed songs and thousands of top movies via 123platform. The company will also strengthen 123platform to provide the latest music and movie releases on-demand to co-brand partners and licensees.
One Horizon Group Inc Settles Legal Issues with shareholder Zhanming Wu
One Horizon Group Inc has entered into a settlement accord with a shareholder Zhanming Wu. It provides a way for settling all the litigation issues with the investor. As per the terms of the accord, the company will issue 354,000 shares to the shareholder – Wu to compensate for the litigation expenses. The company also agreed to appoint to directors of the shareholder to its director board. As a result, the number of directors on the board increases to seven. Chief Executive Officer of One Horizon Group, Mark White is very that all disputes are resolved.
One Horizon Group Inc Plans to Acquire a Majority Stake in Browning Productions & Entertainment, Inc
One Horizon Group Inc plans to acquire a majority stake in Browning Productions & Entertainment, Inc (BPE). As per the terms of the accord, the company will issue 150,000 shares to BPE apart from providing working capital. Following the takeover of BPE, One Horizon Group Inc will get talented management team having experience in digital entertainment, TV, and film. The acquisition will make the company a leader in fastest growing segments like distribution, content, and media. It will also boost the revenues. The company has reported a revenue of $0.29 million, an increase of 163.6% year on year, in Q2 2018.