Spotlight Capital Holdings Inc. (OTC.PK: SLCH) proudly announces the company has been restructured and taken a new direction in merging and acquiring other companies in entertainment, Media, and technology.
Spotlight Capital holdings has been in negotiations with several companies to determined if they fit within it’s business model. Our hope is to merge with innovative companies with ideas that revolutionize the entertainment, industry which will create standards for distribution in music and movies for delivery to the consumer market.
Spotlight Capital Holdings’ mission is to promote the growth and future of it’s subsidary companies.However, we realized that consumption of information is devise driven, so one of our goals is to create Apps that will offer information about upcoming events, down loads, and streaming to access information about ticket sales to major events and allow easy access to the consumer. The U.S. entertainment and media market generated $ 479.23 billion in 2012 representing 29.2 percent of the worldwide revenue of nearly $1.639 trillion. In 2017, the U.S was expected to account for $632.09 billion with 29.4 percent of the worldwide total of more than $2.152 trillion in 2016. The film sector burst through at $100 billion for the first time in history and the industry has grown at a rate of 3.6% per year in 2017 was expected to do $106.01 billion. The streaming sector for movies was expected to reach $17.438 billion with growth of 27.2 percent of U.S. industries revenue, ticket sales made up in the U.S. $1.3 billion in movie ticket sales alone at the ticket price of $9.60.Concert ticket sales did 8 billion in sales in 2017 at a ticket price of $86.00 according to Price Water House, representing a moderate growth of 2%. The other is down loads for movie and music with the boom of free mobile Apps and down load figures of 2017 totaled $253.91 billion which would be about 31.4 percent of the market the emerging trend suggest that free Apps will continue to dominate the market in the future.Spotlight Capital Holdings have projects and relationships with the industry leaders such as top music producers top movie producers Actors and rank #1 stage performers.
We have over 100 years of combined experience in the industry and we have done research in the past few years that validate our direction this decision that was made by the board to help stabilize the many directions the entertainment industry have taken since the year 2000. Eighteen (18) years later the entertainment industry is still searching for a stable platform in 2018 and we hope to contribute new ideas that will be profitable to Spotlight in this everchanging entertainment market.
Safe Harbor Statement
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statements.
Spotlight Capital Holdings, Inc.
601 South Figueroa Street, Suite 4050
Los Angeles, CA 90017