FOR IMMEDIATE RELEASE
Monarch International and KQ Publishing Merge to Form Monarch Media Group
Launching Innovative Streaming Service and Content Creator Platform
Atlanta, GA, September 26, 2023 – The board of directors of Monarch International and KQ Publishing proudly announce their unanimous approval of a landmark merger to create Monarch Media Group, a dynamic, forward-thinking entertainment conglomerate set to revolutionize the industry. This transformative merger is a testament to their commitment to innovation and responsiveness to the evolving entertainment landscape.
Scheduled for a General Shareholders Meeting on October 4, 2023, and anticipated to be finalized by November 17, 2023, this merger will combine the strengths of Monarch International and KQ Publishing to form a powerhouse of creativity and innovation. This collaboration will establish one of the largest African American LGBTQ entertainment companies, poised to make a significant impact in the global entertainment arena.
In an era characterized by the rapid emergence of new players in the global entertainment market, Monarch Media Group is strategically positioned to lead the way. The merger has been carefully crafted to grant Monarch a competitive advantage, facilitating growth and expansion during this transformative period.
Monarch International will acquire a majority controlling interest in KQ Publishing, valuing the company at $1.5 million, subject to customary adjustments. This transaction is contingent upon meeting standard closing conditions, including regulatory approvals.
The merger will empower Monarch Media Group with a diversified portfolio and a robust value chain, featuring ten subsidiaries and affiliates spanning various entertainment verticals. Among these, Black Gay Television (BGTV+) stands out, offering a specialized value chain optimized to produce original webtoons, web novels, music, TV series, and films. It also provides a global platform network for creative talents across the Americas.
Monarch Media Group is poised to leverage its newly established foundation to foster strategic partnerships with industry leaders, fueling its ascent to global prominence in the entertainment industry. A statement from Monarch International emphasizes their bold vision: "By merging our business acumen and value chain capabilities, we aim to disrupt the global entertainment industry."
KQ Publishing shares this enthusiasm, noting, "The decision to merge our expertise in content and platform technologies was driven by our determination to compete aggressively in the hyper-competitive global entertainment sector. Together, we can accelerate and evolve into a global player."
The merger of Monarch International and KQ Publishing to form Monarch Media Group is set to usher in an exciting era of creativity, innovation, and unparalleled entertainment experiences. For updates and further information, please visit mmgent.com.
For media inquiries, please contact:
Joshua Luke
470-710-9047
About Monarch Media Group:
Monarch Media Group is a dynamic and innovative entertainment conglomerate formed through the merger of Monarch International and KQ Publishing. With a diverse portfolio and a commitment to creative excellence, Monarch Media Group aims to disrupt the global entertainment industry and emerge as a dominant player in the African American LGBTQ entertainment segment