TORONTO, June 17, 2020 /PRNewswire/ — Fearless Films, Inc. (“Company”) (OTCQB: FERL) today announced the acquisition of FilmOla.com (“FilmOla”) to add additional revenue and distribution. Fearless Films, Inc. (FERL) operates as an independent full-service production company. The Company’s service scope specializes in short film and feature film, as well as script writing, copywriting, fulfillment and distribution.
FilmOla is an online marketplace where content is showcased and updated instantly to a trusted global community of viewers, reaching new audiences and new markets 24/7. The platform is also launching an online- social media platform for film and movie junkies to connect. FilmOla earns revenue from advertising and online affiliate programs. FilmOla leverages affiliate marketing to drive revenue to the media channel by connecting viewers interested in film and movie content.
The Company has agreed to acquire FilmOla in an all-stock transaction. The purchase price was not disclosed. As part of the transaction, Phil Morgan (known as “Positive Phil”), the founder of FilmOla, will be joining Fearless in the role of Digital PR Consultant
Movies have long been a great way to entertain, educate, and inspire. FilmOla is set to capitalize on the global movie and film industry; the global entertainment market hit $100 billion for the first time in 2019 as streaming kept making huge gains, according to the Motion Picture Association’s annual snapshot.
Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. stated “FilmOla is a great addition to our company. It meshes nicely with our production side by providing ready-made publicity to raise the profile of our productions. Having Phil join the team is a great bonus for us; he has a wide following and can help raise the brand value of the Fearless name”
About Fearless Films, Inc.
Fearless Films, Inc. is an independent full-service production Company founded by award-winning actor/ producer Victor Altomare along with award-winning writer and director Goran Kalezic. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution.
The Company trades on the OTCQB tier of the OTC market. Investors can find stock price quotes and market Information for the Company on: http://www.otcmarkets.com/
Visit us at: www.fearlessent.com
