Madison Technologies Inc.
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ROIC.AI
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- Business
- Madison Technologies Inc. (MDEX) operates as a media and broadcasting company focused on developing and launching specialized television networks and streaming platforms, including BlockchainTV, a 24/7 broadcast and streaming service delivering cryptocurrency information, education, and entertainment content; over-the-air (OTA) television stations such as KNLA and KNET in Los Angeles; the GO.TV platform offering free-to-consumer OTA video broadcasts as an alternative to cable, OTT, and internet services with multiple content streams; and production capabilities for original programming through subsidiaries like The Jay & Tony Show, which produces innovative shows including Tournament of Laughs and Stupid Pet Tricks; alongside advertising sales, sponsorships, and strategic distribution partnerships with over-the-air stations, television distributors, and alternative platforms targeting consumers in the United States and international markets. Founded in 1998 and headquartered at 2500 Westchester Avenue in Purchase, New York, the company, led by CEO Thomas Amon with one employee, traces its evolution from Madison Explorations Inc., renamed Madison Technologies Inc. in March 2015, and further aligned its branding with GO.TV in 2021 to emphasize its OTA expansion strategy. In recent developments within the last few years, Madison Technologies completed the acquisition of production company The Jay & Tony Show in October 2021, establishing a new Network Group under co-CEOs Jay Blumenfield and Tony Marsh to create proprietary content for GO.TV's nationwide rollout across owned and planned stations in major markets including Seattle, Los Angeles, Houston, San Diego, Chicago, Phoenix, New York, Miami, Tampa, Atlanta, Nashville, Indianapolis, Minneapolis, and Kansas City; acquired Los Angeles TV stations KNLA and KNET in April 2021 to initiate Sovryn.tv's OTA platform development; announced a name alignment to GO.TV in May 2021; and pursued ongoing station acquisitions and content partnerships aiming for one of the largest OTA distribution networks with third-party and proprietary programming, though no major updates appear post-2021 amid minimal revenue and negative financial metrics as of 2024 filings. The company serves broadcasters, advertisers, and viewers in the communication services sector, emphasizing cryptocurrency media and OTA accessibility amid shifting media landscapes.
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