San Diego, California, July 06, 2021 (GLOBE NEWSWIRE) — HUMBL today announced that it has completed its acquisition of Monster Creative, a leading Hollywood production studio.
The purchase price for the acquisition was paid with $7.5M in convertible debt and $500,000 in non-convertible debt, for a total of $8M USD. The conversion price for the convertible debt is $1.20 per share.
Founded by award-winning industry veterans Doug Brandt and Kevin Childress, Monster Creative is a leading creative advertising agency in the entertainment space.
Monster Creative will continue independent operations of its Hollywood studios while collaborating with HUMBL in creating digital media, multimedia NFTs and ticketing experiences for clients in sports, music, entertainment, fashion, gaming, and photography.
“We are honored to work with such highly regarded Hollywood veterans, to create world class, immersive multimedia NFTs and ticketing experiences for clients and fans in the digital realm,” said Brian Foote, CEO of HUMBL.
Throughout their careers Brandt and Childress have created marketing campaigns for many notable films such as Transformers, Spider-Man, Terminator, War for the Planet of the Apes, 6 Underground, Star Trek and more: including series campaigns for streaming providers such as Amazon and Netflix on shows such as Jack Ryan and Narcos.
About MONSTER LA
Founded by award-winning industry veterans Doug Brandt and Kevin Childress, Monster Creative is a creative advertising agency with a focus on entertainment. They have created campaigns for top-grossing Hollywood movies, as well as those for streaming platforms.
Company Website: https://www.monster.la/
About HUMBL
HUMBL was created to help simplify and package new technologies like blockchain, for global consumers in digital payments, ticketing and NFTs.
