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Charlie Sheen Extends His Commitment to Internet Television

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04/17/2013 | 12:05pm CET

Provides Production Capital to Digital Development Group

The Digital Development Group (OTCBB: DIDG) (DigiDev), a Hollywood-based OTT (Over the Top) TV, technology, content acquisition and distribution company, today announced that actor Charlie Sheen has invested in the company. The funds will be used to help expand the company's original programming and other content. This comes on the heels of Sheen's recent deal with DigiDev for the development and creation of the Charlie Sheen Cyber TV channel.

"Charlie understands the power of this new TV technology and his fertile mind has already begun to shape his upcoming channel. Old fans and new fans will see the uncensored Charlie Sheen take on the role of the 'outspoken' spokesperson for the new generation," said Joe Q. Bretz, president of DigiDev. "Internet television is on fire with Bloomberg reporting that Netflix tops cable networks with 4-billion viewing hours in the past three months, and Mediapost.com forecasting that OTT (Internet TV) will hit $20 billion by 2015, which explains why in addition to Netflix, Google, and Apple, others are charging into this arena. DigiDev will continue to create new, cutting-edge programming, while increasing its channel count with an eclectic mix of compelling programming."

"Joe and his crew have built an amazing machine and I'm looking forward to the launch of my channel. My investment in DigiDev is a vote of confidence, confidence in Joe and confidence in the industry," said Sheen.

ABOUT CHARLIE SHEEN

Charlie Sheen currently stars on FX's popular TV comedy series, Anger Management. Sheen, who has starred in more than 40 feature films, catapulted to fame in such critical and commercial hits as Platoon and Wall Street. Some of his other feature film credits include Red Dawn, Lucas, Ferris Bueller's Day Off, Eight Men Out, Young Guns, Major League, Hot Shots!, Hot Shots! Part Deux, The Three Musketeers, Scary Movie 3, Scary Movie 4, and Scary Movie 5.

On television, Sheen is known for his roles on Spin City, and Two and a Half Men.

ABOUT DIGITAL DEVELOPMENT GROUP, CORP. (otcbb) DIDG

The Digital Development Group Corporation Company's founders, CEO Martin W. Greenwald and President Joe Q. Bretz, have extensive experience in the entertainment industry. As the former CEO of Image Entertainment Inc., Mr. Greenwald oversaw its growth to over $120 million in revenues. Given Greenwald's focus in content licensing and Bretz's technological know-how, Digital Development Group is well positioned to be a leader in the Internet television revolution. For more information, visit: www.DigiDev.com.

Additional details of the company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser: http://www.digidev.com/hq/disclaimer/.

Nothing contained on this website is either an offer to purchase, or a solicitation of an offer to sell shares of DigiDev Group or any other entity. Nothing on this website is a solicitation of a proxy from a security holder of Digital Development Group Corp. or any other company.

Follow DigiDev on Twitter: @DigiDevTV or Facebook: Facebook.com/DigiDevTV. Sign up for DigiDev's newsletter featuring updates on available content at www.digidev.tv.

Digital Development Group Corp.
Miriam Schaffer, 510-835-7900 ext. 207
mschaffer@placemakinggroup.com


© Business Wire 2013
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