VANCOUVER, British Columbia, October 22, 2021 (GLOBE NEWSWIRE) – Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR), through its wholly owned subsidiary Liquid Media Group (Canada) Ltd., has entered into a definitive settlement agreement (the “Agreement”) with three shareholders (the “Shareholders”) of Waterproof Studios Inc. (“Waterproof”) putting an end to the dispute between them regarding Liquid’s interest in Waterproof (the “Claim”). Pursuant to the Agreement, Liquid agreed to transfer its interest in Waterproof to shareholders or for the benefit of shareholders in return for a cash payment of $ 825,000 to Liquid, and the shareholders agreed to dismiss the claim without costs. The Agreement also includes the usual mutual releases.
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is a business solutions company that empowers independent intellectual property creators. Liquid’s end-to-end solution will enable the creation, packaging, funding, delivery and monetization of professional videos (film / television and video games), enabling IP creators to take their professional content from creation. through the whole process up to monetization.
Further information is available at www.LiquidMediaGroup.co.
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