By Business Wirevia The Motley Fool
Filed under: Investing
Charlie Sheen Extends His Commitment to Internet Television
Provides Production Capital to Digital Development Group
LOS ANGELES–(BUSINESS WIRE)– The Digital Development Group (OTCBB: DIDG) (DigiDev), a Hollywood-based OTT (Over the Top) TV, technology, content acquisition and distribution company, today announced that actor Charlie Sheen has invested in the company. The funds will be used to help expand the company’s original programming and other content. This comes on the heels of Sheen’s recent deal with DigiDev for the development and creation of the Charlie Sheen Cyber TV channel.
“Charlie understands the power of this new TV technology and his fertile mind has already begun to shape his upcoming channel. Old fans and new fans will see the uncensored Charlie Sheen take on the role of the ‘outspoken’ spokesperson for the new generation,” said Joe Q. Bretz, president of DigiDev. “Internet television is on fire with Bloomberg reporting that Netflix tops cable networks with 4-billion viewing hours in the past three months, and Mediapost.com forecasting that OTT (Internet TV) will hit $20 billion by 2015, which explains why in addition to Netflix, Google, and Apple, others are charging into this arena. DigiDev will continue to create new, cutting-edge programming, while increasing its channel count with an eclectic mix of compelling programming.”
“Joe and his crew have built an amazing machine and I’m looking forward to the launch of my channel. My investment in DigiDev is a vote of confidence, confidence in Joe and confidence in the industry,” said Sheen.
ABOUT CHARLIE SHEEN
Charlie Sheen currently stars on FX‘s popular TV comedy series, Anger Management. Sheen, who has starred in more than 40 feature films, catapulted to fame in such critical and commercial hits as Platoon and Wall Street. Some of his other feature film credits include Red Dawn, Lucas, Ferris Bueller’s Day Off, Eight Men Out, Young Guns, Major League, Hot Shots!,Hot Shots! Part Deux, The Three Musketeers, Scary Movie 3, Scary Movie 4, and Scary Movie 5.
On television, Sheen is known for his roles on Spin City, and Two and a Half Men.
ABOUT DIGITAL DEVELOPMENT GROUP, CORP. (otcbb) DIDG
The Digital Development Group Corporation Company’s founders, CEO Martin W. Greenwald and President Joe Q. Bretz, have extensive experience in the entertainment industry. As the former CEO of Image Entertainment Inc., Mr. Greenwald oversaw its growth to over $120 million in revenues.
From: http://www.dailyfinance.com/2013/04/17/charlie-sheen-extends-his-commitment-to-internet-t/
