Authentic Holdings (OTC: AHRO) has announced plans to acquire Goliath Motion Pictures Entertainment for $11 million in an equity-based transaction. The deal will add an extensive library of over 40,000 titles to the company's entertainment holdings, including popular shows like *In Living Color*, *The Cosby Show*, and *Open Range*.
The acquisition is structured through Convertible Preferred Stock, with conversion restrictions designed to minimize shareholder dilution over a three-year period. Authentic Holdings' management anticipates the purchase will strengthen its subsidiary Maybacks Global Entertainment's market position and generate increased advertising revenue.
Strategic implications of the acquisition include potential expansion into major U.S. markets and diversification of the company's entertainment assets. By incorporating such an extensive media library, Authentic Holdings appears to be positioning itself as a more competitive player in the entertainment and streaming landscape.
The transaction underscores the company's commitment to growing its entertainment portfolio, leveraging technology and media content to drive business growth. Upon completion, Authentic Holdings will file an 8-K with the Securities and Exchange Commission to formally document the acquisition.
