One Horizon Group Inc (NASDAQ:OHGI) is one company that is entering 2019 proudly after receiving confirmations of well-paying production gigs for its majority-owned subsidiary Browning Productions & Entertainment (“Browning”). Browning is scheduled to produce and distribute a couple of TV programs running several episodes for notable television networks in 2019.
Among the networks that have confirmed their dealings with Browning include A&E. FYI and History. Browning wowed the A&E’s FYI Network with an impressive production of Wine Warriors together with the subsequent Whisky Warriors spin-off.
As a show of confidence in the company’s production, the network has allowed Browning to proceed with the pre-production of the Craft Crusaders a program that will be exhibiting the craft beer industry and microbreweries globally.
Jobs in progress
About 18 episodes of the Craft Crusaders are expected to air in the first half of 2019. Browning is expected to rake in about $400,000 in revenue from the production deal.
Browning has had a job in hand filming The Cryptos- a TV program highlighting the cryptocurrency industry and Blockchain technologies (discussing the key players in the industry and the reason it is widely misunderstood).
Browning will reportedly pocket about $500,000 from the Crypto-deal for the scheduled for ten episodes. Moreover, Browning has begun the pre-production of “WakeSetters” a film showcasing the luxurious and multibillion boating lifestyle. A popular cable network has already committed to airing the first ten episodes of the series in 2019.
These commitments mean enough for One Horizon Group that have been posting mediocre financials that barely hit the $1 million mark in the past fiscal quarter.
“With the support of One Horizon Group and the collective knowledge of One Horizon’s Love Media House and 123Wish Browning’s future has never looked brighter. The acquisition by One Horizon was at the perfect time for our growth and expansion, and we are expecting record revenues in 2019 and look forward to announcing several additional projects,” said Browning President, William Browning.
Onboarding of partners begins for 123 Wish Platform
Meanwhile, One Horizon Group is preparing to sign up influencers in sports, health and wellness, fashion and music industries among others for its 123Wish platform. The company anticipates finalizing definitive agreements with the first partner soon.
Mark White, Founder, and CEO of One Horizon Group acknowledges that the platform has taken more than expected time to go live due to the complexity of the process of on-boarding a co-branding partner.
The platform hired former Apple Executive Spencer Christopher as its Chief Technology Officer (CTO) to help with developing other market-oriented features including live-streaming and exploring other ways of commercializing the platform.
Martin Ward, the company’s Chief Finance Officer, admits that the process has been financially intensive and that at some point they had raised the required finances. 123Wish platform is an interactive social media platform that provides a one in a lifetime opportunity for users to enjoy personalized experiences with their favorite celebrities.
One Group’s financial Surpasses Estimates
One Group, Inc is slated to reap big from these investments and probably boost its market value and revenue. The company posted revenue of $0.36 million for the third quarter ending December 15. As little as it may look, the company surpassed analysts’ $0.25 million consensus estimate by 44%.
One Horizon Weak Stock
The company’s stock has not been as strong for the better part of this year. The shares have since moved -82.76% away from its 90-day peak and +10.26 from its 90-day low. As of Friday trading session, the shares closed at $0.089 representing a remarkable 22.70% gain from the opening price of $0.075 giving the company a valuation of $7.83 million. However, despite the gain, the stock is still way off from its 52-week high of $3.03.
Source:stockcharts.com