Livento Group (OTCMKTS:NUGN) Stock On Radar After Recent News
Dynamic group specializing in the acquisition and developing firms with disruptive business models in content and film, Livento Group (OTCMKTS:NUGN), announced the commencement of movies acquired during the week.
Trading Data
On Monday, NUGN stock slid 9.86% to $0.0351 with more than 1.57 million shares, compared to volume of 734.59K shares. The stock moved within a range of $0.0350 – 0.0449 after opening trade at $0.0420.
Livento Group (NUGN) BOXO Projects Introduction
BOXO Productions Inc is a 100% owned subsidiary of Livento Group Inc. The company announced on May 30, 2023 acquisition of 44 TV projects, new movies, and three games for about $33.25 million.
BOXO acquired between 1-10% stake in the next five years. The acquisition is expected to add revenues of $120m to BOXO and the firm is expecting that it would result in a gross $8.6 billion in box office sales globally.
While the first seven projects will contribute about $1-2 million to BOXO revenues, it is anticipated three of the movies will deliver box office revenues in the first and second quarters. Other projects are expected to be completed by 2025.
The company is working closely with Movie Director and Producer, Sam Raimi, who filmed Spiderman movies. A sought-after Director in Hollywood, Raimi has an amazing track record having achieved Box Office revenues of more than $800 million.
David Stybr, CEO of BOXO said that the company will be introducing two or three movies each week demonstrating details for shareholders to see the power of the acquisition. The CEO added that BOXO has a share of sequels produced, which will bring extra revenue opportunities.
