INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG)
INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG) is a Los Angeles, CA-based multi-media company. The company is run by CEO Tom Coleman. Mr. Coleman is an Executive member of the Academy of Motion Picture Arts and Sciences and the Dramatists Guild. In the past he founded the Atlantic Entertainment Group, Chairman and CEO of Prism Entertainment, was Chairman of the Independent Entertainment Group and the indie production company Rocket Pictures.
INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG) develops, produces, and distributes multi-media content. Its assets include much of the film library of Lux Digital Pictures which include titles such as “Night of the Living Dad 3D”, “Films of Fury: The Kung Fu Movie Movie”, and “American Grindhouse” a documentary exploring the history of the American Exploitation film genre. INNOVATIV is also a principal if the Film Finance Exchange as well as taken over the operations of Global Gaming Network – a sports fantasy business.
In March of 2017, INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG) released record revenues and earnings for FY2016. Revenues were $185,995 which represented an 88% increase over FY2015. EBITDA was $43,552 which was 2200% over FY2015 and a record for the company.
In its latest press release, INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG) announced the acquisition of the media assets of Canna TV which include an online, advertising supported, video content media platform related to the cannabis industry, community, and related entities. CEO Tom Coleman remarked that successful video networks an identifiable community with clearly defined audiences that will respond enthusiastically to professionally produced media. Given the rate of expansion in the legal cannabis industry and its adoption by users who previously avoided its use due to legal associations with the drug, this purchase by INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG) may prove to be highly profitable.
INMG shares have performed well as of late. Over the past week they have appreciated over 300%.
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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.