Authentic Holdings (OTC: AHRO) has announced a significant acquisition of Goliath Motion Pictures Entertainment for $11 million, marking a strategic expansion of its entertainment holdings. The equity-based transaction will bring a substantial library of over 40,000 titles under the company’s ownership, including critically acclaimed shows and films such as In Living Color, The Cosby Show, and Open Range.
The deal is structured as a Convertible Preferred Stock transaction with specific conversion restrictions designed to minimize potential shareholder dilution over a three-year period. Company management anticipates the acquisition will deliver multiple strategic benefits, including strengthening Maybacks Global Entertainment’s market position and creating opportunities for increased advertising revenue.
Strategic positioning is central to this acquisition, with the company planning to leverage the extensive content library to support expansion into major U.S. markets. The transaction represents a calculated move to diversify and enhance Authentic Holdings’ entertainment portfolio, which already combines entertainment, technology, and textile sectors.
Upon completion of the transaction, Authentic Holdings will file an 8-K document with the Securities and Exchange Commission, formally documenting the acquisition. This move follows the company’s ongoing collaboration with WiseDV, further underscoring its commitment to innovation within the streaming and entertainment industries.
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