PALM HARBOR, Fla., Feb. 25, 2010 (GLOBE NEWSWIRE) -- Max Media Group, Inc. (Pink Sheets:MXMI), announced today that it has entered into and closed on an agreement to acquire original video content and future distribution rights from two video producers; RockHard Entertainment Urban Outreach Inc. (aka The Ladies Hood Journal) and Perk TV. The deal includes acquisition of original video content and online distribution, as well as license agreements for future additional content. The Company intends to use the content for the site www.babelation.com, the targeted social media news and information site the Company is in process of acquiring.
James Grady, Chairman of Max Media Group, Inc. stated, "We have set out to create a whole new way of doing business in the online sector by acquiring and partnering with social media content providers. The deal with RockHard Entertainment and Perk TV is a significant step in that direction. The Babelation website and lucrative niche market of 'News and Information' continues to grow. With these two producers we will easily add 300 to 500 new videos to our portfolio."
Grady continued, "We will continue to seek additional content to acquire and content producers to partner with through equity investments."
Perk TV content on the other hand will consist of a blend of medical and "How To" videos that have built up a vast established following on YouTube and various other distribution platforms.
Glen Perkins, Perk TV founder, stated, "Babelation is a wonderful source for compelling videos, without all of the distracting, useless, poor quality videos found on other sites. I look forward to continuing our relationship far into the future."
RockHard Entertainment content will consist of real-life hard-hitting first person coverage of issues that affect the inner city urban community. The Company expects content covering everything from homelessness, job outlook, Art, Entertainment and Politics.
Babelation senior editor and director of business development Ted Flowers stated, "Quality content that builds strong audience participation is the driving force in the growth of online social media news markets. These acquisitions do exactly that. We will set a new precedence in the social media news and info market by acquiring and purchasing content from producers as well as partnering with social media digital content producers in ongoing continuous production of digital content. "
About Ladies Hood Journal
Ladies Hood Journal creator is a well-known urban reporter and former superstar CNN Ireporter known for her down to earth urban production style.
The digital platform is designed for The Urban Voice. The Ladies Hood Journal is a Power Blogger, "Satire Artiste'" Hometown Filmmaker, and Producer. Ladies Hood is popular on many book-marking sites such as Twitter, CNN and Digg
About Perk TV
Perk TV is a producer and editor of a large video catalog of "How To" and educational videos. From medical questions to how to make jewelry, Perk TV produces quality, informative and sometimes just funny video.
About Max Media's, Babelation: News by You4You
Babelation.com is a Leading User-Generated News and Information distribution portal focused on the aggregation of content from authors, bloggers, expert reporters, students, news junkies and everyday people. It is "News by You4You".
Babelation's business model differentiates itself by including revenue sharing cash payments to content providers, who historically have submitted their content to social networks like YouTube, MySpace, Flickr and others without receiving compensation. Basically working for free.
To the contrary, Babelation pays content producers and is a pioneer in the revenue sharing content market. Babelation pays a varying monthly rate of 10 - 25% to content producers. Babelation's portal enables the general public to create and organize their own news and information; anyone, anywhere, can upload breaking news stories by text, photo, or video, through cell phones, mobile devices, or Internet connection posted on the Babelation platform.
The Company expects is previously announced intent to acquire Babelation to be completed shortly, without any dilution to the current shareholders.
The Company currently has 75,098,804 shares issued and outstanding.
The Max Media Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7021
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