Authentic Holdings Acquires Goliath Motion Pictures in $11 Million Equity Deal

Authentic Holdings (OTC: AHRO) has announced a significant acquisition of Goliath Motion Pictures Entertainment for $11 million, a move that substantially expands the company's entertainment asset portfolio. The transaction involves the purchase of a comprehensive library containing more than 40,000 titles, including several iconic television shows and films.

The deal is structured as a Convertible Preferred Stock transaction, with specific conversion restrictions designed to protect existing shareholders from potential dilution. By implementing a three-year restriction on stock conversion, Authentic Holdings demonstrates a strategic approach to maintaining shareholder value during this expansion.

The acquired entertainment catalog includes prestigious titles such as the groundbreaking sketch comedy series 'In Living Color', the classic sitcom 'The Cosby Show', and the critically acclaimed film 'Open Range'. This diverse collection represents a significant addition to Authentic Holdings' entertainment assets and provides a robust foundation for future content monetization.

Management anticipates the acquisition will deliver multiple strategic benefits, including increased advertising revenue and enhanced market positioning for Maybacks Global Entertainment, the company's subsidiary. The transaction is expected to support the company's expansion strategy across major U.S. markets, leveraging the extensive and diverse content library.

Upon completion of the transaction, Authentic Holdings will file an 8-K disclosure with the Securities and Exchange Commission, providing transparency to investors and stakeholders about the acquisition's financial details and strategic implications.

The acquisition reflects Authentic Holdings' commitment to building a diversified entertainment portfolio that combines content, technology, and strategic growth opportunities. By integrating Goliath Motion Pictures' extensive library, the company positions itself to capitalize on the evolving digital entertainment landscape and potentially create new revenue streams through content licensing and streaming platforms.