Punch TV Studios becomes the only Black-owned media company to sell stock
Media company Punch TV Studios, known for providing a unique selection of original and creative television programming, recently announced its qualification of its stock offering from the U.S. Securities and Exchange Commission under Regulation A, the Jumpstart Our Business Startup (JOBS) Act which was signed into law by President Obama. Based on this law Punch TV Studios is now authorized to sell stock in the company.
“By signing the JOBS Act into law President Obama made it easier for startup companies such as Punch TV Studios to go public and to raise capital privately. That was no minor feat. It was a major stand for a sitting President to take and a historical change in the way America does business. Although there is always more to be done, let us not forget that Punch TV Studios is the media legacy that President Obama leaves behind,” said Punch TV Studios CEO Joseph Collins.
“We look forward to the day that President Obama is able to do more. In fact, we welcome President Obama to begin his post White House initiatives with Punch TV Studios. We know that whether he’s in the streets of Chicago, Ferguson, Charlotte, Flint, Baltimore, Milwaukee or any town USA; whether he’s exploring the issues of police brutality, economic disparity or gang violence Punch TV Studios is the only publicly traded media company that can provide the true, real, unaltered, unedited, unfiltered voice of the people!”
As one of the few African American CEOs of a publicly traded company, Collins has an unmatched understanding of what the urban community is looking for and a keen eye on the pulse of the people. Punch TV Studios is currently developing new, original TV content for the urban community and is the first to develop a digital broadcast & Internet streaming network specifically designed to meet their unique entertainment needs.
Punch TV Studios launched its Initial Public Offering (IPO) on June 19, 2016. According to its business model Punch TV Studios is projected to generate more than half a billion dollars in annual revenue by year three post IPO. With an opening price of only $1 per share, Punch TV Studios’ primary focus was to make their stock available and affordable to the average American. Early investors, Punch TV Studios supporters and television aficionados are able to get in on the ground floor and purchase stock directly from the company.