Stargaze Entertainment Group Inc (STGZ) to Re-Launch VIDNET a Music, Movie and Sports Streaming site
Stargaze Entertainment Group (OTC: STGZ) announced the relaunch of its streaming platform, Vidnet, originally founded by CEO Stephen Brown.
Sentiment and the balance of points
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Rhea-AI Summary
Stargaze Entertainment Group (OTC: STGZ) announced the relaunch of its streaming platform, Vidnet, originally founded by CEO Stephen Brown. This initiative aims to provide streaming music videos, live concerts, and movies in response to challenges faced by the live performance industry. The new Vidnet platform is expected to launch in the first quarter of 2022. The announcement includes forward-looking statements regarding market acceptance and competitive factors, highlighting potential risks and uncertainties in the evolving entertainment landscape.
Positive
- Relaunch of Vidnet, a well-known streaming platform.
- Focus on streaming music videos, live concerts, and movies during a challenging time for live performances.
- Expected launch in the first quarter of 2022.
Negative
- Potential market risks and uncertainties affecting the success of Vidnet.
- Dependence on the general acceptance of the company's products and technologies.
Details
News Market Reaction – STGZ
The recorded move for STGZ in the trading session of this news was -0.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC, Dec. 29, 2021 /PRNewswire/ -- Stargaze Entertainment Group (the "Company") (OTC: STGZ) announces that it will relaunch the highly successful streaming company "VIDNET" https://labusinessjournal.com/news/2000/mar/27/technology-vidnet-emerges-as-a-player-in-web-music/ a company that was founded by Stargaze CEO, Stephen Brown.
"I am very excited to bring back Vidnet as the music and live concert business is struggling with the many issues for live performance and Vidnet not only will stream many music videos it will bring back live VJ'S as they did at MTV along with streaming live concerts and select movies and trailers, said Stephen Brown the founder of Vidnet and CEO of Stargaze Entertainment Group.The company is currently building www.vidnettv.com and will launch in the first quarter of 2022.
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.
For more information:
Stargaze Entertainment Group Inc
1720 650 West Georgia St
Vancouver, BC V6B 4N8
Contact: Stephen Brown, CEO
info@stargazeent.com
Ph: (778) 819-6549
View original content:https://www.prnewswire.com/news-releases/stargaze-entertainment-group-inc-stgz-to-re-launch-vidnet-a-music-movie-and-sports-streaming-site-301451525.html
SOURCE Stargaze Entertainment Group
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