Joshua Jackson Increases Minority Stake in Liquid Media

VANCOUVER, British Columbia, April 08, 2020 (GLOBE NEWSWIRE) -- Joshua Jackson, Chairman of Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR), is acquiring an additional 376,268 common shares, bringing Jackson’s ownership to 13.84% on a partially diluted basis.

Jackson completed the early conversion of his entire convertible debenture of USD$510,576.92 (including interest) in the entertainment company that he helped to found. Jackson funded the company alongside other investors pursuant to a private placement of Debentures, which closed on February 27, 2019 with maturity on February 27, 2021.  In addition to the 340,384 units issued on conversion of the debenture, Jackson also acquired an additional 35,884 shares on exercise of his stock option and an exercise of warrants.  Further details are available in Company filings on SEDAR and EDGAR.

“This equity conversion is an opportunity for me to directly participate in Liquid in an even more meaningful way,” says Jackson, an entertainment industry veteran with nearly 30 years of experience in television and film. “Production has dramatically evolved from when I started my career. Today, people are consuming content across screens of all sizes. It’s a wonderful opportunity for entertainment because stories overlap, so the professionals creating the content are able to produce across silos and break down barriers. We are excited to continue bringing this strategy to life by furthering our aggressive M&A strategy to roll up Hollywood North.”

The only Canadian entertainment studio listed on Nasdaq, Liquid is highly respected for its capabilities in content, physical production and connectivity.

On the content side, the business units Liquid has consolidated to form its gaming division have over 25 years of experience, over USD$1-billion in historical sales and a library of 130+ titles, with IP in development, nearing release and currently available for purchase across gaming platforms. This includes the hugely popular Ancient Aliens mobile game (“Ancient Aliens”) in partnership with A+E Networks. Liquid and A+E recently launched a new chapter and announced in April 2019 that the current Ancient Aliens game has over one-million downloads to date and in-app revenues exceeding CAD$1 million.