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NEW YORK, NY / June 14, 2023 / The BeBop Channel Corporation (OTC PINK: BBOP), the Arts platform featuring Jazz, Dance, Theatre and Independent Film, has filed a $25 Million lawsuit against the film, television, and advertising rental location platform, Giggster Inc. (Giggster.com) over BeBop's recent sale of its entire stable of photo properties. The properties: Outdoor Photographer, Imaging Resource, Digital Photo, and Digital Photo Pro, recently acquired by BeBop along with JazzTimes and other publications in February, 2023 as part of its acquisition of Madavor Media, LLC, were being sold as a bundle.
According to its complaint, BeBop claims Giggster and its founder Yuri Baranov and its CEO Tyler Quiel conspired to obtain the transfer of the properties without paying $891,000,00 due on the contract BeBop claims the transfer contained all of the proprietary data, including subscriber information and login credentials associated with each of the photo properties, and also included an expedited request to reinstate the Imaging Resource website that had been taken down weeks before the sale. The case was filed in New York Supreme Court in Manhattan Case No. 652824/2023.
Read the complaint here: https://www.beboptv.com/giggster-complaint
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These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties.
Although forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Contact:Sue Veres Royal (917) 721-7421 submit@beboptv.com
SOURCE: BeBop Channel Corporation