Diverse Media Group Inc.
MiV Investments profiles Diverse Media Group (PINK:DVME.PK) which has recently made a 50% acquisition of Celebrities in Action, Inc. which has a joint venture with Stan Lee, and has agreed to sign up for the responsibilities in regards to finding high profile celebrities and athletes for their movie roles. It is important to note that Lee’s former company, Marvel Comics, was acquired by Disney for over $4 billion dollars. The current economic situation may be a horror for most businesses, but the movie industry is expecting a happy ending. Ticket sales this year are up 17.5 percent to $1.7 billion, and attendance has risen nearly 16 percent, according to Media by Numbers, a box-office tracking company. If attendance continues to increase at the same pace it has for the past six weeks, it would amount to the biggest box-office surge in at least two decades. “People seem to be turning to the movies to escape from the daily worries of their professional lives,” Browning, marketing manager for Regal Entertainment, said. “In economic uncertainty, movies are still a relatively inexpensive form of entertainment when you compare it to sporting events, concerts or going out to eat.” The company also represents actors and directors on leading primetime television shows including Lost, 24, House, Bones, Wildfire, Prison Break, Deadwood, NCIS, Criminal Minds, and previously Seventh Heaven, Charmed, One Tree Hill, and Las Vegas. Diverse Media Group is also one of the few small / micro cap companies which is fully OTC pinksheets compliant.
About Diverse Media Group
Diverse Media Group, Inc. is a publicly traded company that operates entertainment services across all platforms of distribution in the emerging digital age. Diverse Media Group, Inc. is the parent company that emerged as an outgrowth of Diverse Talent Group,Inc. (NYSE:DTG). DTG was incorporated in the year 2000, but has roots going back 27 years as a talent agency representing artists in motion pictures, television, radio, and commercials. DTG is ranked in the top ten among Hollywood’s most influential agencies. Diverse Media Group, Inc. is expanding upon those years of experience to create a multi-tiered organization which creates content, owns and operates distribution channels, and pioneers methods of packaging entertainment products and services.
CIA has an existing joint venture with Stan Lee’s POW! Entertainment banner to develop, produce and distribute animated programming, content and merchandise based on the premise of real-life celebrities in competition against characters from other worlds. Diverse Media Group will identify and secure the celebrity participation and Stan Lee will provide the creative vision to shape these novel superhero personas.
Praised as “a legend” worldwide and honored with his own Hasbro “Marvel Legends” action figure, Stan Lee is associated with such breakthrough superhero characters as Spider-Man®, The Incredible Hulk®, The Fantastic Four®, X-Men®, Iron Man® and Daredevil®. He is also recognized as an innovator in creating new media opportunities and revenue streams for the superhero genre. Among his accomplishments, Stan Lee is credited with leading the expansion of Marvel Comics from a small division of a publishing house to a multimedia corporation, and developing his characters into longstanding franchises.
Hollywood talent agent Chris Nassif, founder of Diverse Talent Group and its parent company, Diverse Media Group, Inc., commented, ”Stan Lee has excelled as a visionary, a leader in the global media industry and a creative talent whose complex fictional characters have become living, breathing members of our world. We are delighted to provide the setting for him to create characters based on real stars, which taps into the resources of CIA, POW! Entertainment, and Diverse Media Group.”
Lee’s POW! Entertainment company has a first-look deal with Disney, which last month acquired his former company, Marvel comics, for $4 Billion. Source here
Represented Actors and Directors on Primetime Shows
Diverse Talent Group represents actors and directors on leading primetime television shows including Lost, 24, House, Bones, Wildfire, Prison Break, Deadwood, NCIS, Criminal Minds, and previously Seventh Heaven, Charmed, One Tree Hill, and Las Vegas. He also has negotiated deals for soap stars on leading daytime shows such as The Young and the Restless, General Hospital and Days of Our Lives. Diverse Talent Group clients have also booked lead roles in feature films such as Dreamgirls, Welcome to America, The Flock and Transformers. Source here
Building on a senior leadership group with a combined experience in the entertainment industry of over 100 years, Diverse Media Group Inc. is currently assembling an expanded team of dynamic professionals to help move the Company forward.
Chairman & Director
CEO, Diverse Talent Group, Inc. (DTG)
The Company is led by founder Chris Nassif, an agent in the entertainment industry for the past 27 years. During that time he has represented actors, directors, producers, editors, and has packaged many television and feature film projects. The wide-ranging relationships he has developed with in the Hollywood community are a key asset in the expansion effort.
STEPHEN J. COHEN
President, Diverse Television & Syndication
Steve Cohen brings Diverse Media Group a vision honed during a career at the forefront of emerging media platforms. Previously president of Hometeam LLC, a Seattle-based company which received millions in private investment, he also has served as consultant for the launch of the entrepreneur-funded Dyson News Network (NYSEMKT:DNN).
Chief Operating Officer
President, Diverse Digital Studios
As Chief Operating Officer , Rick Friedman guides the day-to day business affairs of Diverse Media Group, Inc. (PINK SHEETS: DVME). As president of the company’s new operating division, Diverse Digital Studios, he oversees the development and creation of the company’s new digital products and services.Read more
In its newest industry forecast, published August, 3, 2009, Veronis Suhler Stevenson (NYSEARCA:VSS), a leading private equity firm, predicts that total spending in DVME’s sector of the economy will grow 3.6% per year over the next five years. In fact, VSS forecasts that the next five years will see the sector increase 20% greater than Nominal GDP which will only increase annually 3.0% by 2013. Source here, 2009Q2
Technical Analysis ( Click image to enlarge )
DVME is showing the anticipation to move up in a big way. The past two months saw a huge 1525% gain in price and a 100% retracement (according to the Fibonacci Analysis in Pink on the chart). For the past two weeks, this stock seems to have been consolidating after this big movement in price. It now appears the consolidation may be complete (Red circle on the chart). Today, the price cleared and closed above a line of resistance/support at the .001 cent level (Orange dashed line). The price also breached the 23.6% retracement level and a closely corresponding ¼ level trend-line of the current price channel (Blue lines on the chart). Also, the volume (Grey bars) is increasing (along with the price) indicating that there is a positive consensus among traders to support the probability of moving up the price channel. There is plenty of upside potential and once the price clears the 23.6% level, it appears the 50% level is an easy target. That represents over a 100% gain from today’s closing price. It’s good to keep in the back of your mind that the last time the price cleared this 50% level area, also the middle trend-line of the price channel (Blue dashed line), the price quickly moved to the top of the current price channel at .0045 cents. That would mean almost a 250% gain from the current price level.
With a set core group of experienced leadership, an optimistic industry forecast full of growth and opportunities, and the partnership with one of the entertainment industry’s biggest names in Stan Lee — Diverse Media Group should have the ability to breakthrough and set new highs in terms of both business opportunities and financial success. A new star is born.
———–Disclosure: Long DVME