Authentic Holdings, a diversified entertainment and technology company, is set to expand its media portfolio through an $11 million acquisition of Goliath Motion Pictures Entertainment. The equity-based transaction will incorporate a substantial library of over 40,000 titles, including iconic television shows and films such as 'In Living Color', 'The Cosby Show', and 'Open Range'.
The acquisition is structured as a Convertible Preferred Stock deal, with specific conversion restrictions designed to protect existing shareholders from potential dilution. By implementing a three-year constraint on stock conversion, Authentic Holdings demonstrates a strategic approach to maintaining shareholder value while pursuing growth opportunities.
Company management anticipates several significant benefits from this acquisition. The expanded content library is expected to enhance Maybacks Global Entertainment's market positioning, potentially increase advertising revenue streams, and support the company's expansion strategy across major U.S. markets.
This strategic move underscores Authentic Holdings' commitment to building a comprehensive entertainment portfolio that combines diverse media assets. By acquiring a substantial content library, the company positions itself to leverage existing intellectual property and potentially generate new revenue opportunities through content licensing, streaming, and distribution channels.
The transaction represents a calculated investment in the evolving media landscape, where content libraries have become increasingly valuable assets. With over 40,000 titles now under its control, Authentic Holdings is poised to compete more effectively in the competitive entertainment market.
Upon completion of the acquisition, the company will file an 8-K form with the Securities and Exchange Commission, providing formal documentation of the transaction to investors and regulatory bodies.
