Milestone Group agrees to enter JV with Seed Media, Martin Heath
Source - SMW
Digital media group Milestone Group said it had signed a 'memorandum of understanding' with Seed Media and Martin Heath to enter into a joint venture agreement.
The venture would produce payment processing and intellectual property solutions, initially within the media industry, utilising a combination of private and public blockchain technologies, the company said.
Milestone Group would own 50.5% of the venture, with the remainder owned by Martin Heath and Seed Media, and receive 50% of any net revenue generated.
At 8:31am: (LON:MSG) Milestone Group PLC share price was +0.03p at 0.29p