The Movie Studio, Inc. (OTCPK:MVES) executed a memorandum of understanding to acquire OTT platform, apps and assets of BINGE Networks, LLC on April 9, 2020. As a part of the transaction, The Movie Studio intends to vertically integrate the assets and infrastructure of BINGE Networks with its current OTT and app for dissemination of The Movie Studio content and cross-pollination of the advertisers and strategic partners. The parties seek to enter into a letter of intent and complete the transaction in the near future.