TORONTO and VANCOUVER, British Columbia, Nov. 21, 2018 (GLOBE NEWSWIRE) -- WOW! Unlimited Media Inc. (“WOW!” or the “Company”) (TSX-V: WOW / OTCQX: WOWMF), the next generation kids and youth entertainment company, was featured in the L.A. Times article titled “Netflix and Amazon spark animation revival, spending heavily in quest for binge-worthy shows”.
WOW! Unlimited Media Inc. executives Fred Seibert and Michael Hirsh are featured in the L.A. Times news article written by Wendy Lee. WOW!’s “Castlevania” was scooped up by Netflix and released last year. The show immediately became a hit and was recently extended for a third season. The article discusses how Hollywood’s “rising digital powers” are rapidly increasing their spending on new animation content. According to the article, this year Netflix is expected to spend $1.1 billion, 11% of its overall original content budget on animation. Likewise, Amazon plans to spend $300 million this year, representing 10% of its budget. Disney is also investing in launching its own streaming service that will provide a new platform for family friendly shows. The spending is a boon for the animation industry.
To view the full article, visit:
http://www.latimes.com/business/hollywood/la-fi-ct-animation-streaming-20181118-story.html
About Wow Unlimited Media Inc.
WOW! is creating a leading next generation kids and youth entertainment business by focusing on creating top end content, and by building and partnering with the most engaging platforms. The Company's key assets include: Frederator Networks Inc., which includes the world's #1 digital animation network, Channel Frederator Network, Frederator Studios, an animation production company, as well as video-on-demand channels on digital platforms; and one of Canada's largest, multi-faceted animation production studios, Mainframe Studios, which produces animated television series and long-form animated features.
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Further information available at:
Website: www.wowunlimited.co
SOURCE: WOW! Unlimited Media Inc.
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