Digital Development Group Corp (OTCMKTS:DIDG) recently made huge move up on record breaking volume after the Company announced they have signed an Exclusive Streaming Agreement With Amazon. Since then the stock has been in steep decline recently moving back towards its $0.001 base.
The news turned DIDG parabolic and transformed the stock from illiquid to one of the top traded stocks on the entire exchange.
Digital Development Group Corp (OTCMKTS:DIDG) offers internet subscriptions to consumers for a wide array of independent content with worldwide appeal. The Company has acquired access to over 5000 titles, and it is continuing to offer a broad mix of horror, cult classics, sci-fi, vintage TV and numerous other genres, as well as adult entertainment through The Movie and Music Network.
DIDG began its initial foray into the streaming video market in 2012 with 4 channels: “Something Weird,” “Synapse Films,” “Sci-Fi Station” and “The Silent Film Channel,” and added eight more channels, including “Cult Epics,” “Salvation Films” and “Media Blasters” during 2013.
In 2014, DigiDev TV transformed into “The Movie & Music Network,” amalgamating all the existing DigiDev TV content plus a growing array of additional channels, including but not limited to, feature films, documentaries, television shows, music videos, music performances and related content.
Since the launch of the Movie & Music Network website and ROKU application March 6th, the Company has seen an approximate 10% increase in subscribers and roughly 15,000 downloads of its application. The simultaneous launch of four new channels brings the total to sixteen channels offered by The Movie & Music Network. Plans are for adding a minimum of ten channels per quarter.
The stock has seen some significant insider buying in recent months; CEO Martin Greenwald owns 20.1 million shares, 15 million of which were purchased on June 27, 2014. R Kopple purchased 17.5 million shares in March, 2014 and Stuart Subotnick purchased 17.9 million shares in March 2014.
The shell was incorporated in Nevada in 2006 as Regency Resources Inc., focused on acquiring and developing mineral properties. In May 2012 they the Company changed their name to Digital Development Group Corp.
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On January 15 DIDG announced they have signed a deal with Amazon’s AWS (Amazon Web Services), for AWS to be DIDG’s exclusive content delivery network (CDN) provider.
DIDG CEO Martin W. Greenwald said “This is a very important agreement for us. Effective and efficient delivery of content through all our platforms, Apple, Android, Roku and the Internet are cornerstones to the growth of our business. This agreement guarantees DIDG access to Amazon’s world-class global network of servers and storage as well as content management systems available only to their clients.
In the past 2 weeks we have experienced a ‘glitch’ in our delivery system and now with Amazon’s help, we are rapidly getting the Movie and Music Network back to full capacity. In addition to the channels we currently have, we’ve begun the process of uploading hundreds of additional titles. We are also redesigning our websites with the latest innovations to make the user experience as friendly and easy as possible.”
Greenwald talked about the Companies two networks; movieandmusicnetwork.com and 99CentNetwork.com and says they are launching a new network in February called “Miracle Stream,” which will give users the ability to stream hundreds of hours of adult content from the classics of the 1970’s to the latest releases of 2015.”
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One has to be impressed with the way DIDG moved after the Amazon announcement; the stock moved over 350% and was one of the top 5 most traded stocks on the entire OTCBB stock exchange. The market loves the Amazon news and it has done a lot in terms of expanding the DIDG shareholder base. The stock is technically sound and still trades very close to its historical lows. While DIDG stock is still quite cheap they have developed the type of loyal following that can catapult these subs to spectacular moves. DIDG is a stock to watch.
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Disclosure: we hold no position in DIDG either long or short and we have not been compensated for this article.