Liquid Media Group Ltd. (YVR) shares were down -4.47% in after-hours trading at $1.71 as of last check. YVR stock closed last session at $1.79, up 5.29% or $0.09. In the day’s trading, the YVR stock fluctuated between $1.64 and $1.85. Shares of Liquid Media Group were exchanged on the day for 1.46 million, less than the volume of 5.53 million over the last 50 days and lower than the volume of 6.75 million over the last year.
YVR stock price has advanced by -8.21% over the past year, and it moved down by 2.72 percent in the last one week. Over the past six months, Liquid Media Group has dropped by -10.95%, and over the past three months, it has dropped by -31.15%. YVR stock has gained 14.74% so far this year. Even after its recent aggressive acquisition efforts, YVR stock is losing ground.
What were these efforts by YVR Stock?
Liquid Media is a business solutions company that empowers independent intellectual property creators. YVR’s solution will enable professionals to make a professional video (film/TV and video games), package it, finance, deliver, and monetize it, enabling IP creators to create to monetize their work from initial conception through completion.
Liquid Media Group CEO Ronald Thomson recently discussed YVR’s aggressive acquisition plans in a series of media interviews.
- He also spoke about how his partnership with dotstudioPRO opens up more than 815-million viewers worldwide to YVR’s content through over-the-top (OTT) platforms such as Amazon Prime, Roku, and Tubi.
- Thomson spoke with indiefilmTO about how independent producers, major studios and mini-majors can work with YVR to have their professional projects packaged, financed, delivered and monetized leading up to the 2021 Toronto International Film Festival (TIFF).
- According to the financial news service Mergermarket, which serves more than 200,000 subscribers, including investment banks, private equity firms, law firms and professional advisors, Liquid Media Group is considering roughly 20 acquisition targets, with three deals recently announced and two more being in the final stages of negotiations, Thomson said.
- At the moment, YVR is focusing on companies with revenues up to USD 10M, but it might consider larger transactions in the future.
- According to the article, the “targets” are primarily centered in media and entertainment hot spots that include Hollywood, Los Angeles, New York, Toronto, Vancouver, the United Kingdom, China, Taiwan, Japan and South Korea.
Liquid Media Group’s other attractions:
The Film Daily presented a story on a partnership between Liquid Media (YVR) and dotstudioPRO, a software company with SaaS-based solutions for content distribution, marketing, monetization and collaboration in the media, broadcast and entertainment industry. According to the article, YVR-Chief underscores the significance of industry alliances and how they bolster its four-stage solution engine and recalibrated business model.
