Globavend Unit Signs Distribution Deal With DramaBox; Shares Fall Pre-Bell

MT Newswires Live

07/20

Globavend (GVH) unit Loomi Entertainment has entered a global distribution agreement with micro-drama streaming platform DramaBox for the release of its artificial intelligence-produced English-language series "The Wolf King's Forbidden Bride," the company said Monday.

Financial details weren't provided.

The agreement expands Loomi's distribution network by adding DramaBox alongside its owned-and-operated Loomi: Short Drama platform.

Shares of Globavend were 34% lower in Monday premarket activity.

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