Enters $30B Wireless Audio Streaming and Music Social Networking Markets
BOCA RATON, FL, Aug. 07, 2018 (GLOBE NEWSWIRE) -- TLD3 Entertainment Group, Inc. (www.tldecorp.com) (OTC PINK: TLDE) is pleased to announce it has closed the acquisition of the assets of Digital Legend, a developer of leading edge wireless audio streaming devices and music social networking software.
Previously announced in November 2017, TLD3 (The Company) had entered into a Letter of Intent (LOI) with Digital Legend (www.digitalegends.com) to explore a possible acquisition of Digital Legend's MBox -- a wireless mobile audio streaming technology that provides 10x the sound quality at 30% of the cost of its nearest competitors like JVC, Sony, and Beats.
Since entering the LOI, Digital Legend has matured in its product development and will release the first of its consumer electronic mobile audio streaming products in 3rd QTR 2018
TLD3’ acquisition also includes Take It 2 The Next Level Technology (www.takeit2nextlevel.com), the originating developer of a music social networking application technology which is being developed by The Company. Through this acquisition, TLD3 now owns and controls the global marketing and development rights to Mbox wireless audio streaming technology as well as Take It 2 The Next Level’s music social networking application.
The Wireless audio streaming market is estimated to grow to $33 billion a year by 2023. The online music streaming markets has now surpassed $10 billion annually. Music discovery applications like Shazam have surpassed over one billion downloads and $1 billion in valuation. The Company’s initial products are powerful entrants in the wireless audio streaming, online music streaming and music discovery markets. Additionally, the music social networking application could revolutionize online payments for artists, producers and consumers. With the acquisition of Digital Legend’s assets and Take It 2 the Next Level Technology Inc., TLD3 Entertainment is uniquely positioned for growth in the newly emerging streaming entertainment markets.
About TLD3 Entertainment Group, Inc.
TLD3 Entertainment will remain the parent company, with a business strategy focused on creating, developing and marketing of innovative digital based technologies. The Company plans to create and develop new products as well as acquiring complimentary businesses and technology. The Company will operate several subsidiaries and brand names. Take it 2 the Next Level Technology Inc. will now operate as the Company’s primary design and marketing arm; Digital Legend will remain as a company brand name for future products.
About Take It 2 the Next Level Technology. (www.takeit2nextlevel.com)
Take It 2 the Next Level Technology Inc. is a New York, NY based designer and marketer of signature digital platforms for music, entertainment and social media markets. The Company currently has 2 products ready for commercialization, a music social networking application, and a Wi-Fi music streaming player. Take It 2 The Next Level Technology Inc. is a fully owned subsidiary of TLD3 Entertainment.
Clarification of Past Remarks
Digital Legend in a press release dated November 2017, released statements regarding blockchain, payments, rewards and cryptocurrency. While the Company has studied the feasibility of interrelated blockchain and crypto currency applications, currently Digital Legend operating today as part of the TLDE Corporation does not have any operating blockchain or crypto currency technology and or platforms. TLDE believes the regulatory environment regarding blockchain and cryptocurrency is currently too volatile and has decided to wait to develop blockchain and/or crypto currency related technologies only under known regulatory guidelines.
Forward-Looking Statements
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