Smm is paying a committee member a salary of $1.5 million to run its new paid subscription service, according to sources familiar with the matter.
The panel includes the CEO of SMM Group, the SMM CEO, and a group of SMMs and SMM companies.
The committee is run by Smm Media Ventures, a company founded by a former executive of SME-Media Ventures.
The Smm executive and two members of the Smm Marketing and Communications Committee were hired by SMM Media Ventures in January.
They will receive $250,000 annually for four years and will also be paid a $2,500 per month stipend for the next four years, the sources said.
The new Smm paid service has attracted attention in the media over the past year due to its high retention rate, according the sources.
In addition, Smm has been in discussions with some of the major content companies about a possible merger with Netflix, according one of the sources, who asked to remain anonymous due to the sensitivity of the matter and the sensitivity with which the matter is being handled.
The source added that the deal is not a complete, final deal, and it is not certain whether the group will be able to complete the merger.
Smm’s revenue, based on the current market, is forecast at $1 billion.
The company’s shares have gained more than 3 percent since it launched in February 2017.