ACQUISITION KICKS OFF CONTENT STRATEGY FOR NEW BROADCAST AND STREAMING PLAN
NEW YORK, NY / ACCESSWIRE / May 25, 2022 / Madison Technologies, Inc., (MDEX) today announced the closing of its acquisition of LA based media production company Top Dog Productions, Inc. d/b/a 'The Jay and Tony Show'. The acquisition marks Madison's initial foray into production as it green lights plans to offer unique content for it's broadcast and streaming platform.
'The Jay & Tony Show,' founded by Jay Blumenfield and Tony Marsh, is an award-winning production company that has been creating and developing groundbreaking content since 2001. The company has conceived and produced a wide variety of original and critically acclaimed television series such as THE CHELSEA HANDLER SHOW (E!), HERE COMES THE NEWLYWEDS (ABC), RESTAURANT STAKEOUT (Food Network), TOURNAMENT OF LAUGHS (TBS), THE AMERICAN INFLUENCER AWARDS (YouTube) and many others. The acquisition comes as Madison continues to build out its broadcast and streaming platform
While 'The Jay & Tony Show' will continue its core business of creating and producing innovative and disruptive programming for third-party networks and platforms, it will also bring a creative team to Madison to complement Madison's broadcast and digital distribution platform - creating and aggregating unique content for distribution nationwide with the ability to reach all viewers.
'We are very excited about the acquisition as a first step of many, in a new direction for the company,' said Philip Falcone, Founder and CEO of Madison Technologies, Inc. 'The acquisition represents an opportunity to create unique content for distribution and enhance value for Madison shareholders as we move forward with our plan.' While Madison has not given any guidance in its history, it is anticipated that the acquisition will be accretive for the Company.
Blumenfield and Marsh, who will continue as Co-CEOs of the newly formed subsidiary of Madison, will be responsible for all content at the entity, and will work closely with Madison's broadcast and OTT unit on content offerings for it's future, yet to be announced, network launch. Blumenfield stated, 'With the additional resources of Madison technologies, we are excited to turbo-charge development, to continue delivering captivating content, and to build an unparalleled network group.'
'It's an exciting time for our company,' Marsh added 'We can't wait to see what we will all accomplish together.'
About Madison Technolgies, Inc.
Madison Technologies, Inc. (Go.tv) is a television broadcast and production company building out a distribution platform to capitalize on the changing media landscape. The company's strategy is to continue with it's television station and production acquisition plan with the objective of creating one of the largest, most comprehensive, OTA content distribution platforms distributing both third party and proprietary content nationwide.
Forward-looking statements and risks and uncertainties discussed in this press release may contain forward-looking statements. The words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect,' and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not be construed in any way, shape, or manner of our future financial condition or stock price.
SOURCE: Madison Technologies, Inc.
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