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Appreciated Media Acquires Celebrity Face Off – Yahoo Finance

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Vancouver, British Columbia–(Newsfile Corp. – July 2, 2020) – Appreciated Media Holdings Inc. (TSXV: AMH) (OTCQB: AMEFF) ("Appreciated Media" or the "Company")&nbsp;is pleased to announce that the Company has closed its previously announced acquisition of the pilot, concept, plots, themes, formats, characters, title and other elements and aspects for a television show entitled "Celebrity Face Off" (the "Show").” data-reactid=”19″>Vancouver, British Columbia–(Newsfile Corp. – July 2, 2020) – Appreciated Media Holdings Inc. (TSXV: AMH) (OTCQB: AMEFF) (“Appreciated Media” or the “Company“) is pleased to announce that the Company has closed its previously announced acquisition of the pilot, concept, plots, themes, formats, characters, title and other elements and aspects for a television show entitled “Celebrity Face Off” (the “Show“).

In addition to the acquisition of the Show, Appreciated Media is also pleased to announce that it has also co-developed a new game show called “Cyclone” which is a vertical show that pits contestants against the elements and the audience.

Both shows are expecting to go into production by October 2020.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="THE GAME SHOWS” data-reactid=”22″>THE GAME SHOWS

The Celebrity Face Off Show was created by Doug Magallon and is a combination of both Jeopardy and the Wheel of Fortune where the contestants have to solve a trivia question and a puzzle at the same time…Behind the façade of the renowned Red Carpet.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Show will be hosted by Greg Grunberg. Mr. Grunberg is an American television and film actor best known for starring as Eric Weiss in the ABC series Alias and as Matt Parkman in the NBC series Heroes. On the big screen, Mr. Grunberg has appeared as Temmin "Snap" Wexley in the Star Wars sequel trilogy, and Phil in A Star Is Born. In addition, he has also appeared in Felicity which was created by J. J. Abrams and Matt Reeves as Sean Blumberg.” data-reactid=”24″>The Show will be hosted by Greg Grunberg. Mr. Grunberg is an American television and film actor best known for starring as Eric Weiss in the ABC series Alias and as Matt Parkman in the NBC series Heroes. On the big screen, Mr. Grunberg has appeared as Temmin “Snap” Wexley in the Star Wars sequel trilogy, and Phil in A Star Is Born. In addition, he has also appeared in Felicity which was created by J. J. Abrams and Matt Reeves as Sean Blumberg.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Show is co-produced by Douglas Magallon and Steve Perry. Steve Perry who was a co-producer for Lethal Weapon 2, 3 and 4 along with other films such as Road House, Action Jackson, Die Hard 2, Speed 2: Cruise Control and Under Siege 2: Dark Territory, to mention a few.” data-reactid=”25″>The Show is co-produced by Douglas Magallon and Steve Perry. Steve Perry who was a co-producer for Lethal Weapon 2, 3 and 4 along with other films such as Road House, Action Jackson, Die Hard 2, Speed 2: Cruise Control and Under Siege 2: Dark Territory, to mention a few.

The Cyclone Show will be produced by Appreciated Media and Stephen Brown along with Doug Magallon, the creator of the show, will act as Executive Producers. Appreciated Media is currently in negotiations with a top celebrity to host the show.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="THE TRANSACTION” data-reactid=”27″>THE TRANSACTION

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Pursuant to the definitive agreement dated July 2, 2020 (the "Agreement"), the Company acquired the Show (the "Transaction") from Douglas Magallon for an aggregate purchase price of $225,000 (the "Purchase Price").” data-reactid=”28″>Pursuant to the definitive agreement dated July 2, 2020 (the “Agreement“), the Company acquired the Show (the “Transaction“) from Douglas Magallon for an aggregate purchase price of $225,000 (the “Purchase Price“).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Purchase Price is payable through the issuance of 1,500,000 common shares in the capital of Appreciated Media (the "Common Shares") at a deemed price of $0.15 per Common Share. All Common Shares issued to Douglas Magallon will be issued pursuant to exemptions from the prospectus requirements of applicable securities laws and subject to a four-month statutory hold period. No finder’s fees are payable in connection with the Transaction.” data-reactid=”29″>The Purchase Price is payable through the issuance of 1,500,000 common shares in the capital of Appreciated Media (the “Common Shares“) at a deemed price of $0.15 per Common Share. All Common Shares issued to Douglas Magallon will be issued pursuant to exemptions from the prospectus requirements of applicable securities laws and subject to a four-month statutory hold period. No finder’s fees are payable in connection with the Transaction.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="As previously announced, the Transaction is not an "Arm's Length Transaction" as such term is defined in Policy 1.1 – Interpretation of the TSX Venture Exchange (the "Exchange") and constitutes a "related party transaction" as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") because Douglas Magallon, a director of the Company, is the vendor of the Show.” data-reactid=”30″>As previously announced, the Transaction is not an “Arm’s Length Transaction” as such term is defined in Policy 1.1 – Interpretation of the TSX Venture Exchange (the “Exchange“) and constitutes a “related party transaction” as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“) because Douglas Magallon, a director of the Company, is the vendor of the Show.

In respect of the requirements of MI 61-101, the Company has relied on the exemptions from the formal valuation and minority approval required under MI 61-101. The Company relied on the exemptions set forth in Sections 5.5(a), 5.5(b) and 5.7(a) of MI 61-101, respectively, as no securities of the Company are listed on the specified markets outlined therein and neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Transaction, exceeds 25% of the market capitalization of the Company.

As the Agreement was finalized and entered into immediately prior to the closing of the Transaction, the Company was not in a position to file a material change report more than twenty-one days in advance of the closing of the Transaction.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="About Appreciated Media Holdings Inc.” data-reactid=”33″>About Appreciated Media Holdings Inc.

Appreciated Media (TSXV: AMH) (OTCQB: AMEFF) is a multi-faceted entertainment company based in Vancouver. The Appreciated Media team is well-versed in a variety of entertainment delivery platforms and is fast becoming a top-tier entertainment company.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Neither the TSX Venture Exchange Inc. ("Exchange") nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.” data-reactid=”35″>Neither the TSX Venture Exchange Inc. (“Exchange”) nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Forward-Looking Statements” data-reactid=”40″>Forward-Looking Statements

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend," statements that an action or event "may," "might," "could," "should," or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond Appreciated Media’s control and Appreciated Media’s actual results could well differ materially from those stated or implied in forward-looking statements due to many various factors. Although Appreciated Media believes that the expectations reflected in the forward-looking statements are reasonable, Appreciated Media cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of today’s date and Appreciated Media undertakes no obligation to update or publicly revise any forward- looking statements, whether as a result of new information, future events or otherwise.” data-reactid=”41″>This press release contains forward-looking information and forward-looking statements (collectively, “forward-looking statements”) as such terms are defined by applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend,” statements that an action or event “may,” “might,” “could,” “should,” or “will” be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond Appreciated Media’s control and Appreciated Media’s actual results could well differ materially from those stated or implied in forward-looking statements due to many various factors. Although Appreciated Media believes that the expectations reflected in the forward-looking statements are reasonable, Appreciated Media cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of today’s date and Appreciated Media undertakes no obligation to update or publicly revise any forward- looking statements, whether as a result of new information, future events or otherwise.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For further details, please see the Company's documents filed under the Company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com.” data-reactid=”42″>For further details, please see the Company’s documents filed under the Company’s profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For investor inquiries, please contact:
Stephen Brown, Chief Executive Officer
E: info@appreciatedmedia.com” data-reactid=”43″>For investor inquiries, please contact:
Stephen Brown, Chief Executive Officer
E: info@appreciatedmedia.com

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Wire Service Contact
NetworkWire (NW)
New York, New York
www.NetworkWire.com
212.418.1217 Office
Editor@NetworkWire.com” data-reactid=”44″>Wire Service Contact
NetworkWire (NW)
New York, New York
www.NetworkWire.com
212.418.1217 Office
Editor@NetworkWire.com

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59027” data-reactid=”52″>To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59027

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Snap to cut emissions, achieves carbon neutrality in new climate strategy

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Snap Inc on Monday announced a climate strategy to reduce its greenhouse gas emissions, purchase 100% renewable energy and remain carbon neutral after offsetting emissions dating back to its launch.

The plan, which the owner of photo messaging app Snapchat detailed in its annual “CitizenSnap” report on social and environmental initiatives, comes as climate change debates include tech companies and the energy-intensive process of running powerful computer data servers has become better known.

By making the company more energy efficient, Snap could not only reduce costs in the long run, but also appeal to its mostly young user base, which is passionate about addressing climate change, said Dom Perella, Snap’s deputy general counsel and chief compliance officer.

“They’re going to be living with the brunt of these impacts for many generations,” he said. “Because it impacts our stakeholders… we want to make a difference.”

By 2025, Snap plans to reduce emissions generated from its business operations by 25%, in part by making its buildings more energy efficient and purchasing renewable energy, Perella said.

The company also aims to reduce emissions from business travel and from purchased goods and services by 35% “per unit of value” by shifting to climate-friendly travel options and pushing vendors to reduce their emissions.

Snap said it determined the reduction levels by working with the Science Based Targets initiative, a coalition that advises companies on reducing emissions to meet goals outlined by the Paris Agreement international treaty on climate change.

The Santa Monica, California-based company said it is now carbon neutral, helped by investing in forestry projects across the world to offset its emissions.

It also calculated its emissions dating back to Snapchat’s launch in 2011 and offset its emissions to become retroactively carbon neutral.

Other tech companies have also moved to offset emissions retroactively. Alphabet Inc’s Google said last year it had eliminated its carbon emissions history before 2007, when the company said it became carbon neutral.

 

(Reporting by Sheila Dang; Editing by Dan Grebler)

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Britney Spears calls recent documentaries about her ‘hypocritical’

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LOS ANGELES (Reuters) – Pop singer Britney Spears spoke out on Tuesday about recent documentaries about her life and career, calling them “hypocritical” because they rehash her personal problems while criticizing the media for reporting them the first time.

Walt Disney Co’s FX network and The New York Times released “Framing Britney Spears” in February. The documentary examined the singer’s meteoric rise to fame as a teenager, the ensuing media scrutiny and her widely publicized breakdown.And this month, the BBC released “The Battle for Britney: Fans, Cash and a Conservatorship” in Britain. It will debut in the United States and Canada starting May 11 via the BBC Select streaming service.

In an Instagram post, Spears did not name either documentary but said “so many documentaries about me this year with other people’s takes on my life.”

“These documentaries are so hypocritical … they criticize the media and then do the same thing,” she added.

In March, Spears said she cried for two weeks after watching part of “Framing Britney Spears”.

The BBC said in a statement on Tuesday that its documentary “explores the complexities surrounding conservatorship with care and sensitivity.”

“It does not take sides and features a wide range of contributors,” the statement added.

A New York Times spokesperson declined to comment.

Spears, who shot to fame in 1998 with the hit “Baby One More Time,” is in a court battle seeking to replace her father as her conservator. He was appointed to the role in 2008 after she was hospitalized for psychiatric treatment.

Her fans have shown their support on social media under the hashtags #We’reSorryBritney and #FreeBritney. Spears is scheduled to speak to a Los Angeles court in June.

In her Instagram post, which included a video of herself dancing, Spears said that “although I’ve had some pretty tough times in my life … I’ve had waaaayyyy more amazing times in my life and unfortunately my friends … I think the world is more interested in the negative.”

(Reporting by Lisa Richwine; Editing by David Gregorio)

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Grammy organizers change rules after allegations of corruption

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LOS ANGELES (Reuters) – The organizers of music’s Grammy Awards on Friday announced an end to the so-called “secret” committees that have led to allegations that the highest honors in the industry are open to rigging.

The Recording Academy said that nominations for the next Grammy Awards in January 2022 will be selected by all of its more than 11,000 voting members, instead of by committees of 15-30 industry experts whose names were not revealed.

The Academy was slammed last year when Canadian artist The Weeknd got zero Grammy nominations, even though his critically acclaimed album “After Hours” was one of the biggest sellers of 2020.

The Weeknd, in a Twitter post last November, said “The Grammys remain corrupt. You owe me, my fans and the industry transparency.”

The Recording Academy said in a statement on Friday that the changes were significant and were made “to ensure that the Grammy Awards rules and guidelines are transparent and equitable.”

Allegations that the Grammy nominations process is tainted were made in a legal complaint filed in early 2019 by the former chief executive of the Recording Academy, Deborah Dugan.

At the time, the Academy dismissed as “categorically false, misleading and wrong” Dugan’s claims that its members pushed artists they have relationships with. Dugan was later fired.

American pop star Halsey, also shut out of the 2021 Grammys, last year called the nominations process “elusive” and said she was “hoping for more transparency or reform.”

Former One Direction singer Zayn Malik called in March for an end to “secret committees.”

“I’m keeping the pressure on & fighting for transparency & inclusion. We need to make sure we are honoring and celebrating ‘creative excellence’ of ALL,” Malik tweeted hours ahead of the 2021 Grammy Awards ceremony.

The Recording Academy on Friday also said it was adding two new Grammy categories – for best global music performance, and best Latin urban music album – bringing to 86 the total number of Grammy Awards each year.

 

(Reporting by Jill Serjeant; Editing by David Gregorio)

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