______________________________________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-K  (X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended October 31, 2012   OR  ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   Commission File No. 000-30800   THE MOVIE STUDIO, INC. _______________________________________________________ (Exact name of registrant as specified in its charter)  Delaware

   65-0494581(State or other jurisdiction of incorporation or organization)

   (I.R.S. Employer Identification No.)
  530 North Federal Highway, Ft. Lauderdale, Florida 33301 _______________________________________________________________________________________________ (Address of Principal Executive Offices)  (954) 332-6600 ______________________________________________________________________________________________ (Issuer’s telephone number)  (954) 765-6218 ______________________________________________________________________________________________ (Issuer’s facsimile number)   ______________________________________________________________________________________________ (Former name, address and fiscal year, if changed since last report)  Securities registered pursuant to Section 12(b) of the Act: None  Securities registered pursuant to Section 12(g) of the Act: Common Stock, $0.001 par value  Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes  No X  Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No X  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes      No X  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web Site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes____   No X


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1 Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant’s knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K.  [  ]  Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company.  See the definitions of “large accelerated filer,”
“accelerated filer,” and “smaller reporting company in Rule 12b-2 of the
Exchange Act.  (Check one):  Large accelerated filer   ____                                                            Accelerated
filer ____ Non-accelerated filer  ____                                                               Smaller
reporting companyX  Indicate by check mark whether the
registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):  Yes Nox  State the aggregate market value of the
voting and non-voting common equity held by non-affiliates computed by
reference to the price at which the common equity was last sold, or the average
bid and asked price of such common equity, as of the last business day of the
registrant’s most recently completed second fiscal quarter.  Aggregate market value of the voting
common stock held by non-affiliates of the registrant as of March 29, 2013, was
$1,311,824 Number of shares of our common stock
outstanding as of June 12, 2013 is: 131,182,473  Documents incorporated by reference:  None


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THE MOVIE STUDIO, INC. F/K/A DESTINATION TELEVISION, INC.  TABLE OF CONTENTS PagePART IITEM 1

   DESCRIPTION OF BUSINESS

   4ITEM 1A

   RISK FACTORS

   9ITEM 1B

   UNRESOLVED STAFF COMMENTS

   12ITEM 2

   PROPERTIES

   12ITEM 3

   LEGAL PROCEEDINGS

   12ITEM 4

   (REMOVED AND RESERVED)

   13PART IIITEM 5

   MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER

   13PURCHASES OF EQUITY SECURITIESITEM 6

   SELECTED FINANCIAL DATA

   13ITEM 7

   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF

   13OPERATIONSITEM 7A

   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

   17ITEM 8

   CONSOLIDATED FINANCIAL STATEMENTS

   18ITEM 9

   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND

   19FINANCIAL DISCLOSUREITEM 9A

   CONTROLS AND PROCEDURES

   19ITEM 9B

   OTHER INFORMATION

   19PART IIIITEM 10

   DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

   20ITEM 11

   EXECUTIVE COMPENSATION

   20ITEM 12

   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND

   21RELATED STOCKHOLDER MATTERSITEM 13

   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

   21ITEM 14

   PRINCIPAL ACCOUNTING FEES AND SERVICES

   22PART IVITEM 15

   EXHIBITS

   22


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PART I  ITEM 1.
 DESCRIPTION OF BUSINESS
  GENERAL  The Movie Studio,
Inc. F/K/A Destination Television, Inc. (“the Company" or “DSTV” or the
"Registrant”)is a publicly traded
vertically integrated motion picture production company that develops,
manufactures and distributes independent motion picture content for worldwide
consumption on a multitude of devices.  The Company is a broadcast
media company that used its custom content and entertainment-based programming
along with its proprietary technology to influence the purchasing decisions of
millions of active consumers in targeted “away-from-home” leisure destinations.  The Company’s original core
broadcast business was Bar TV, Gym TV, and Hotel TV, which were designed and implemented
to focus on leisure destinations with entertaining and informative audio and
video content,  increasing the duration and frequency of consumer visits and
duration of stay, generating incremental revenue and promoting the sale of
specific products.  The Company enabled advertisers and leisure/retailers to
effectively and efficiently reach active consumers at the point of sale (POS)
where most purchase decisions are made. In addition to influencing consumer
behavior, the Company’s programming was proven to be successful in generating
brand awareness and could create additional sales lift. The Company’s business
motto was “Leisure Destinations driving traffic to Retail Locations.”  Over the years, the Company
surveyed the media landscape, combining the best aspects of each medium into
the DSTV’s business model, simultaneously applying it to a very unique physical
space.  In 2008, the US advertising industry consolidated, including digital
signage space, because the industry did not provide a quantifiable measurement
platform for its advertisers; at that time, The Company began to reorganize its
business model.  In 2009, The Company took the first steps in transitioning its
core business operations into a new media platform, which included
incorporating elements of its original media business model into its new
business, The Movie Studio.  In 2010, the Company took the next step, when it
physically began transitioning its core business to the new platform. The Movie
Studio platform consists of three verticals that operate synergistically with
each other. Strategic Partner, is the first of the three verticals.  In this
vertical, the Company enters into agreements with substantial asset partners,
wherein these partners can promote their brand, product, or service through the
Movie Studio, which can offer them, through the its vertical integration model,
a variety of opportunities, as a result of their association with the movie
business.  Each partner agreement is crafted in the best interest of the
client’s needs or objectives.  Locations Pay Us is the
second vertical, wherein we get paid for filming a scene of our movie at the
location of a client. The excitement generated from  motion picture production
at given location can drive traffic to the client’s point of sale (POS); as a
result, the Company and the client both benefit from this arrangement .  In
addition, the Company utilizes its win-a-part-in-a-movie contest at the
location; it also provides digital plates to the client’s location, which can
utilize the key art shot of the location as base artwork for web, print or
television at no additional cost in perpetuity.  Clients have reported that
their locations have seen double digit increases in their margins on the night
of the filming event. Product Placement is the third vertical. The motion
picture product placement industry is a two billion dollar industry; companies
utilize this platform to create worldwide brand awareness for their brand,
product or service, with the average movie impact of fifteen (15) years (in
five year distribution cycles). In addition, these companies provides us
products that we utilize at movie events for PPG (on premise promotional
giveaways); they also gain additional branding exposure in direct interaction
with the brands exact demographic.  The value proposition for
investors is in the bi-product of manufacturing of a major motion picture asset(s),
which reduces capital expenses (CAP X) by utilizing these vertical in the
manufacturing of the intellectual property (movie) asset.  The completed movie
then employs a significant expense to revenue ratio, by utilizing these metrics.
The motion picture asset is ultimately licensed to seventy (70) countries
around the world (foreign market) and domestically in the traditional media
outlet channels, movie theaters, television, DVD, pay cable, Video on Demand
(VOD) mobile etc. In addition the motion picture integrates a soundtrack, which
creates an additional revenue stream for investors.  The Company has proven the
business model on all three verticals prior to opening up The Movie Studio, a
7200 Sq. Ft. state of the art production studio in downtown Ft. Lauderdale,  4


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complete
with 24X36 green screen, infinity wall, edit suites, complete motion picture
manufacturing lighting and equipment, cameras make-up station, talent division,
and in-house marketing. The Movie Studio has manufactured its first feature
film production for Ventures Capital Partners, LLC. Is titledExposurestarring Corey Feldman and is currently in pre-production of the sequelDouble
Exposure. In addition, The Movie Studio can generate additional revenue
streams from studio rentals and music video production. The Company is currently fully
operational and implementing its business model to scale the Companies
operations in 2013 and beyond. The Company changed its name of operations from
Destination Television, Inc. to The Movie Studio, Inc. In November, 2012 and has
applied for a new stock symbol, requesting: (MOVI).  INDUSTRY BACKGROUND  Film Studio:  The Movie Studio, Inc. is an entertainment or motion picture company
that has its own privately owned studio facility that is used to make films,
which is handled by the production company.  The majority of companies in the
entertainment industry have never owned their own studios, but have rented
space from other companies.  There are also independently owned studio
facilities, which have never produced a motion picture of their own because
they are not entertainment companies or motion picture companies – they are
companies who sell only studio space.  Beginnings:  In
1893,Thomas
Edisonbuilt the first movie studio in the United States when
he constructed theBlack Maria, a tarpaper-covered structure near his
laboratories inWest Orange,New Jersey, and asked
circus, vaudeville, and dramatic actors to perform for the camera. He
distributed thesemoviesat
vaudeville theaters, penny arcades, wax museums, and fairgrounds. The
pioneering  film studio was founded inNew Rochelle, New Yorkin 1909 by American theatrical
impresarioEdwin
Thanhouser. The company produced and released 1,086 films between
1910 and 1917, successfully distributing them around the world. The firstfilm serialever,Million Dollar Mystery,was released by the Thanhouser Company
in 1914. In the early 1900s, companies started moving toLos Angeles, California.
Althoughelectric
lightswere by then widely available, none were yet powerful
enough to adequately expose film; the best source of illumination for motion
picture production was natural sunlight. Some movies were shot on the roofs of
buildings inDowntown Los Angeles. Early movie producers also relocated
toSouthern
Californiato escape Edison's motion picture patents company,
which controlled almost all thepatentsrelevant to movie
production at the time.  The
first movie studio in theHollywoodarea
wasNestor
Studios, opened in 1911 byAl ChristieforDavid Horsley. In the
same year, another 15independentssettled
in Hollywood. Other production companies eventually settled in the Los Angeles
area in places such asCulver City,Burbank,
and what would soon become known asStudio Cityin theSan
Fernando Valley.  An independent filmis a professionalfilm productionresulting in afeature filmthat is produced mostly or completely
outside of themajor film
studiosystem. In addition to being produced
and distributed by independent entertainment companies, independent films are
also produced and/or distributed by subsidiaries of majorfilm studios. Independent films
are sometimes distinguishable by their content and style and the way in which
the filmmakers' personal artistic vision is realized. Usually, but not always,
independent films are made with considerably lowerfilm budgetsthan major studio films.Generally, the marketing of
independent films is characterized bylimited release,
but can also have major marketing campaigns and awide release. Independent films
are often screened at local, national, or internationalfilm festivalsbefore distribution (theatrical and/or
retail release). An independent film production can rival amainstreamfilm productionif it has the necessary funding and distribution.  PRINCIPAL PRODUCTS AND THEIR MARKETS  The Movie Studio, Inc. (OTC:
SYMBOL:DSTVRequested:MOVI)  Due to the proliferation of
new mobile media platforms in society, The Movie Studio intends to enter into
the personalized content & media space utilized by consumers via laptops, tablets,
smartphone’s and new out-of home devices as they are developed.    5


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The
Movie Studio intends to manufacture independent content that fits the
marketplace void including indie movies with relevant movie stars and indie
soundtracks with substantial fan bases that we can reach their demographic
on-line and sell digital downloads direct to consumers with a minimum barrier
to entry and minimum capital expenditures compared to traditional marketing
forms of content delivery.  In addition to traditional marketing platforms that
we intend to sell and leverage as well, The Movie Studio intends to sell its
content and where it’s available on all devices, mobile, I-Pad etc. for the
personal user with the personal playlist of unique and indie content relevant
to their interests applicable for the individual and their consumption. The Movie Studio
is implementing its new proven vertically integrated revenue model:  (a) Strategic
Partners in Motion Pictures.  (b) Locations Pay
US a fee for placement in the movie, which can monetize our platform at their
point of sale (POS).  (c) Product Placement: we
receive a fee for product placement in a movie, product branding, and on premise
promotional giveaways (PPG). In addition the Product Placement client receives
digital plates and the same benefits as Location Pay US a fee client receive
(see (b) above).  (d) At the American Film
Market in November 2011, the Company established significant motion picture
arrangement for worldwide distribution, to provide investors an exit strategy
for (1) their movie partnership investment units and (2) shareholdings in the
Company.  In May 1, 2012, we have entered into an exclusive worldwide distribution
agreement with Cinema Arts Entertainment, with minimum guarantees (MG’s) that sales
will total $520,000 for the first 10 markets.  (e) The completed movie then
employs a significant expense to revenue proposition by utilizing these metrics
and licenses the motion picture asset to seventy (70) countries around the
world (foreign market) as well as domestically in traditional media outlet
channels, movie theaters, television, DVD, pay cable, video on demand (VOD)
mobile etc. In addition the motion picture integrates a soundtrack that creates
an additional revenue stream for investors.  In addition, the
Company provides locations digital plates and green screen application for use
in movies, commercials, for the location, web-applications and print that can
significantly monetize the location, while 360 degree media branding at thelocation
can be an applicator for the location in a variety of ways:  Promotional Media  Promotional media
is a broad marketing term that describes methods used to promote goods and or
services. Promotional media can be broken into several categories or channels,
including:  Print Media--is
all the media we use in hard copy format such as  *              Business
cards *              Brochures *              Posters *              Promotional
Literature *              Banners  Digital Media--this
includes the internet  *              Video
Promotion *              Websites *              Social
Media *              Digital
Signage *              Digital
Tags *              Smartphone
Apps *              Radio
/ TV       6


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Promotional Gifts--often used to stay top-of-mind with customers  *              Pens *              Caps *              T-shirts *              Mugs *              Bags *              Banners   DISTRIBUTION METHODS  Film
distribution Methods:A
distributor is a company or
individual responsible for the marketing of a film. The distributor may set therelease dateof a film and the method by which a film is to be
exhibited or made available for viewing: for example, directly to the public
either theatrically or for home viewing (DVD,video-on-demand(VOD),download,television programsthroughbroadcast syndicationetc.). A distributor may do this directly,
if the distributor owns the theaters orfilm distributionnetworks, or through theatrical exhibitors
and other sub-distributors. A limited distributor may deal only with particular
products, such as DVDs or Blu-ray, or may act in a particular country or
market. Theatrical
distribution: If a
distributor is working with a theatrical exhibitor, the distributor secures a
writtencontractstipulating the amount of thegrossticket sales to be paid to the distributor
by the exhibitor (usually a percentage of the gross) after first deducting a
floor,which is called a house allowance (also known as the
nut), collects the amount due,auditsthe exhibitor's ticket sales,as
necessary,to ensure the gross reported by the exhibitor is
accurate, secures the distributor's share of these proceeds, and transmits the
remainder to the production company (or to any otherintermediary,
such as a film release agent). The
distributor must also ensure that enough filmprintsare struck to service all contracted
exhibitors on the contract-basedopening day, ensure their physical delivery to the
theater by the opening day, monitor exhibitors to make sure the film is in fact
shown in the particular theatre with the minimum number of seats and show
times, and ensure the prints' return to the distributor's office or other
storage resource also on the contract-based return date. In practical terms,
this includes the physical production of film prints and theirshippingaround the world (a process that is
beginning to be replaced bydigital distribution) as well as the creation ofposters, newspaper and magazineadvertisements,television commercials, trailers, and other types ofads. The distributor is also responsible for
ensuring a full line of advertising material is available on each film which it
believes will help the exhibitor attract the largest possible audience, create
such advertising,if it is not provided by the
production company, and arrange for the physical delivery of the advertising
items selected by the exhibitor at intervals prior to the opening day.  If the distributor is
handling an imported or foreign film, it may also be responsible for securing
dubbing or subtitling for the film, and securing censorship or other legal or
organizational approval for the exhibition of the film in the country/territory
in which it does business, prior to approaching the exhibitors for booking. Depending
on which studio is distributing the film, the studio will either have offices
around the world, by themselves or partnered with another studio, to distribute
films in other countries. If a studio decides to partner with a native
distributor, upon release, both names will appear. The foreign distributor may
license the film for a certain amount of time, but the studio will retain the
copyright of the film. Early distribution windows: Although there
are numerous distribution techniques today, previous to the multi-channel
transition, studios and networks did not experiment with different distribution
processes. Studios believed that the new distribution methods would cause their
old methods of revenue to be destroyed. Within time, the development of new
distribution did prove to be beneficial. The studios revenue was gained from
myriad distribution windows. These windows created many opportunities in the
industry and allowed networks to make a profit and eliminate failure. These new
distribution methods benefited audiences that were normally too small to reach
and expanded the content of television. With the new age of technology,
networks accepted the fact that it was a consumer demand industry and accepted
the new models of distribution. 7


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Non-theatrical
distribution: This term,
used mainly in theBritish film industry, describes the distribution of feature films for
screening to a gathered audience, but not in theatres at which individual
tickets are sold to members of the public. The defining distinctions between a
theatrical and a non-theatrical screening are that the latter has to be to a
closed audience in some way, e.g. pupils of a school, members of a social club
or passengers on an airliner, and that there can be no individual admission
charge. Most non-theatrical screening contracts also specify that the screening
must not be advertised, except within the group that is eligible to attend
(e.g. in a membership organisation'snewsletteror anin-flight magazine). The largest
market for non-theatrical distribution is probably theairlines, followed byfilm societies. Non-theatrical distribution is generally
handled by companies that specialise in this market, of which Filmbank[1]is Britain's largest, representing the
major Hollywood studios. Home video media is sold with a licence that permits
viewing in the home only (hence thecopyrightnotice that appears at the start of manyVHStapes andDVDs,which states that the content must not be
shown in oil rigs, prisons or schools). Until these technologies were
widespread, most non-theatrical screenings were on16mm filmprintssupplied by the distributor. Today, the
most commonbusiness modelis for a distributor to sell the exhibitor
a licence that permits the legal projection of a copy of the film, which the
exhibitor buys separately on a home video format. These licences can either be
for individual, one-off screenings, or cover an unlimited number of screenings
of titles represented by that distributor for a specified time period. The
latter are often purchased bypubsandstudents' unions, to enable them to show occasional feature films on a
TV in their bars. Home video distribution: Some
distributors only handle home video distribution or some sub-set of home video
distribution such as DVD and/or Blu-ray distribution and now the fastest
growing area id Video on Demand (VOD). The remaining home video rights may be
licensed by the producer to other distributors or the distributor may
sub-license them to other distributors. If
a distributor is going to distribute a movie on a physical format such as DVD,
they must arrange for the creation of the artwork for the case and the face of
the DVD and arrange with a DVD replicator to create a glass master to press
quantities of the DVD. Today,some movie producers are using a process
called DVD-on-demand. In DVD-on-demand, a company will burn a DVD-R (a process
called duplication) when a copy of the DVD is ordered, and then ship in to the
customer. A
distributor may also maintain contact with wholesalers,who sell and ship DVDs to retail outlets
as well as online stores, and arrange for them to carry the DVD. The
distributor may also place ads in magazines and online and send copies of the
DVD to reviewers. The
newest area Video on Demand (VOD) is expected to grow as a result of new media devices, mobile
phones, PDA’s, tablets and I-Pads as additional ways individuals consume
content.  The New Hollywood/Foreign
Distribution:  In the past, big
studios have not always used analysis, analytics, metrics or measurement; but
that is not true any longer.  Companies such as Relativity Media use a new Hollywood
approach that is vastly more technical than preparing an analysis of how many
people actually attend the theater as a result of buying a ticket. Their
approach now accounts for thousands of variables, from the stars of a movie to
its release date to the type of media used in production, and compares each of
those variables to nearly every film ever made with at least one of the same
attributes. It takes four people just to operate the program that governs their
approach. New Hollywood
companies employ a movie-rejection system, not a movie-picking system, while
the data-intensive approach operates on a new paradigm of new media marketing
and buzzworthy elements intertwined into the infrastructure of the movie. Big
studios are swinging for the fences, and they lose money on 85 percent of the
movies they make; they don’t have a hedge against those losses, so they need
the one or two franchise movies each year to make up for the money losers. New
Hollywood studios have hedges; they make movies that people will love, but also
on a financially based system. They don’t take huge risks.  8


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The New Hollywood studios can make money without a blockbuster on
its slate, if it controls upfront costs and has unique arrangements with film
distributors on the back-end. Unlike most major studios, who own their own
distribution companies, New Hollywood studios seek relationships with over 117
distributors around the globe, each of which could come under contract to buy
any movie the studio makes at a preset percentage of the film’s budget. In
return, the distributors are guaranteed a piece of the back-end revenue for
each movie. For New Hollywood studios, the structure is a safety net for films
that underperform, a safety net the major studios don’t have.  STATUS OF ANY PUBLICLY ANNOUNCED NEW PRODUCTS  The
Movie Studio has manufactured its first feature film production for Ventures
Capital Partners, LLC, a film titledExposure, starring Corey Feldman.
The studio is currently in pre-production of the sequelDouble Exposure.In addition, The Movie Studio can generate additional revenue streams from
studio rentals and music video production. The Company is currently fully
operational and implementing its business model for operations in 2013 and
beyond.  SOURCES AND AVAILABILITY OF PRODUCTS  The
Movie Studio has manufactured its first feature film production for Ventures
Capital Partners, LLC, a film titledExposure, starring Corey Feldman.
The studio is currently in pre-production of the sequelDouble Exposure.
In addition, The Movie Studio can generate additional revenue streams from
studio rentals and music video production. The Company is currently fully
operational and implementing its business model for operations in 2013 and
beyond.  DEPENDENCE ON ONE OR A FEW MAJOR CUSTOMERS  The Company is not dependent on one or a few major customers.  PATENTS AND TRADEMARKS  Destination Television®
currently owns the registered trademark for the name and brand for Destination
Television, Inc. with the United States Patent and Trademark office (USPTO).
The Movie Studio TM is a trademark of The Movie Studio, however, is not a
registered trademark.  The Movie Studio is a 7200 Sq.
Ft. state of the art production studio in downtown Ft. Lauderdale, complete
with green screen, infinity wall, edit suites, complete motion picture
manufacturing lighting and equipment, cameras, make-up station, talent division
and in-house marketing.  ENVIRONMENTAL LAWS  Our operations are not subject to environmental laws and
regulations.  EMPLOYEES  The Company currently is
currently completing its quasi-reorganization and currently employs one (1)
full time employee, the president and utilizes the services of numerous work
for hire and other individuals.  ITEM 1A.             RISK FACTORS  Lack
of Profitable Operating History  The
Company does not have a history of profitable operation. There is no assurance
that the Company will ever be profitable. The Company’s ability to achieve
profitability will depend upon a number of factors, including, but not limited
to, whether the Company:  • has
funds available for working capital, project development and sales and
marketing efforts; • has
funds for the continuous upgrading of its production operations and facilities; • achieves
the projected sales revenues; • controls
the Company’s operating expenses; • continues
to attract new business; and •
withstands competition in the Company’s marketplace. 9


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Competition The
Company’s competitors are rapidly changing and may be well capitalized and
financially stronger than Destination Television.  Our competitors could
reproduce the company’s business model without significant barriers to entry.  The
Company’s activities may require additional financing, which may not be
obtainable.  The Company had limited cash
deposits. Based on the Company’s expectations as to future performance, the
Company considers these resources and existing and anticipated credit
facilities, to be inadequate to meet the Company’s anticipated cash and working
capital needs at least through December 31, 2013. The Company, however, expects
to be able to raise capital to fund the Company’s operations, current and
future acquisitions and investment in new program development. The Company may
also need to raise additional capital to fund expansion of the Company’s
business by way of one or more strategic acquisitions. Unless the Company’s
results improve significantly, it is doubtful that the Company will be able to
obtain additional capital for any purpose if and when the Company needs it.  The
Company depends heavily on the Company’s senior management who may be difficult
to replace.  The Company believes that the
Company’s future success depends to a significant degree on the skills,
experience and efforts of its chairman, CEO, and other key executives. Any of
these executives would be difficult to replace. While all of them have
incentives to remain with the Company, they are not bound by employment
contracts, and there is no assurance that either of them will not elect to
terminate their services to us at any time.  Increasing
the Company’s business depends on the Company’s ability to increase demand for
the Company’s products and services.  While the Company believes
that there is a market for its planned increase in the Company’s products and
services, there is no guarantee that the Company will be successful in its
choice of product or technology or that consumer demand will increase as the
Company anticipates.  The
Company may be exposed to significant costs of defense and damages in
litigation stemming from current unresolved legal proceedings undertaken in the
future by and against the Company.  The Company could be subject
of legal proceedings against the Company that could give rise to significant
exposure in costs and damages.  The
Company’s ability to operate and compete effectively requires that the Company
hires and retain skilled marketing and technical personnel, who have been in
short supply from time to time and may be unavailable to us when the Company
needs them.  The Company’s business
requires us to be able to continuously attract, train, motivate and retain
highly skilled employees, particularly marketing and other senior management
personnel. The Company’s failure to attract and retain the highly trained
personnel who are integral to the Company’s sales, development and distribution
processes may limit the rate at which the Company can generate sales. The
Company’s inability to attract and retain the individuals the Company needs
could adversely impact the Company’s business and its ability to achieve
profitability.  The
Company may suffer from a business interruption and continuity of its ongoing
operations might be affected.  The Company’s ability to
implement its business plans may be adversely affected by any business
interruption that will affect the continuity of its operations. While the
Company may take reasonable steps to protect itself, there could be
interruptions from computer viruses, server attacks, network or production
failures and other potential interruptions that would be beyond the Company’s
reasonable control. There can be no assurance that the Company’s efforts will
prevent all such interruptions. Any of the foregoing events may result in an
interruption of services and a breach of the Company’s obligations to its
clients and customers or otherwise have a material adverse effect on the
business of the Company.   10


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Macro-economic
factors may impede business, access to finance or may increase the cost of
finance or other operational costs of the Company.  Changes in the United States
and global financial and equity markets, including market disruptions, interest
rate fluctuations, or inflation changes, may make it more difficult for the
Company to obtain financing for its operations or investments or increase the
cost of obtaining financing.  In the event that the Company is delayed in
attaining its projections, borrowing costs can be affected by short and
long-term debt ratings assigned by independent ratings agencies which are
based, in significant part, on the Company’s performance as measured by credit
metrics such as interest coverage and leverage ratios. Decrease in these ratios
or debt ratings would increase the Company’s cost of borrowings and make it
more difficult to obtain financing.  There
is a limitation on the officers and directors liability.  The articles of the Company
limit the personal liability of directors and officers for breach of fiduciary
duty and the Company provides an indemnity for expenses and liabilities to any
person who is threatened or made a party to any legal action by reason of the
fact that the person is or was a director or officer of the Company unless the
action of proven to that the person was liable to be negligent or misconduct in
the performance of their duty to the Company.  The loss of our key
officers or directors may raise substantial doubt as to the continued viability
of the Company.  The Company’s operations
depend on the efforts of key officers and directors and the loss of their
services may irreparably harm the Company in such a manner that it may not be
able to overcome any such loss in management.  Investors
may lose their entire investment if the Company fails to implement its business
plan.  The Company expects to face
substantial risks, uncertainties, expenses, and difficulties because it is a
development stage company. The Company was formed in 1961. The Company has no
demonstrable operations record of substance upon which you can evaluate the
Company’s business and prospects. The Company prospects must be considered in
light of the risks, uncertainties, expenses and difficulties frequently
encountered by companies in their early stages of development. The Company
cannot guarantee that it will be successful in accomplishing its objectives.  As of the date of this
prospectus, the Company has had only limited startup operations and has
generated very small revenues. Considering these facts, independent auditors
have expressed substantial doubt about the Company’s ability to continue as a
going concern in the independent auditors’ report to the financial statements
included in the registration statement, of which this prospectus is a part. In
addition, the Company’s lack of operating capital could negatively affect the
value of its common shares and could result in the loss of your entire
investment.  Because of our new
business model, we have not proven our ability to generate profit, and any
investment in The Company is risky.  We have very little
meaningful operating history so it will be difficult for you to evaluate an
investment in our stock.  We have not sold any of our products to date.  Our
auditors have expressed substantial doubt about our ability to continue as a
going concern.  We cannot assure that we will ever be profitable.  Since we
have not proven the essential elements of profitable operations, you will be
furnishing venture capital to us and will bear the risk of complete loss of
your investment in the event we are not successful.  We may be unsuccessful in
monitoring new trends.  Our net revenue might
decrease with time. Consequently, our future success depends on our ability to
identify and monitor trends and the development of new markets. To establish
market acceptance of a new technologies, we will dedicate significant resources
to research and development, production and sales and marketing. We will incur
significant costs in developing, commissioning and selling new products, which
often significantly precedes meaningful revenues from its sale. Consequently,
new business can require significant time and investment to achieve
profitability. Prospective investors should note, however, that there can be no
assurance that our efforts to introduce new products or other services will be
successful or profitable.   11


---



We
may face distribution and product risks.  Our future financial results
depend in large part on our ability to develop relationships with our
customers. Any disruption in our relationships with our future customers could
adversely affect our financial performance.  We may face claims of
infringement on intellectual property rights.  Other parties may assert
claims of ownership or infringement or assert a right to payment with respect
to the exploitation of certain intellectual properties against us. In many
cases, the rights owned or being acquired by us are limited in scope, do not
extend to exploitation in all present or future uses or in perpetuity. We
cannot assure you that we will prevail in any of these claims. In addition, our
ability to demonstrate, maintain or enforce these rights may be difficult. The
inability to demonstrate or difficulty in demonstrating our ownership or
license rights in these technologies may adversely affect our ability to
generate revenue from or use of these intellectual property rights.  If
our operating costs exceed our estimates, it may impact our ability to continue
operations.  We believe we have accurately
estimated our needs for the next twelve months. It is possible that we may need
to purchase additional equipment, hire additional personnel, and further
develop new business ventures, or that our operating costs will be higher than
estimated.  If this happens, it may impact our ability to generate revenue and
we would need to seek additional funding.  We intend to establish our initial
client base via existing relationships that our directors and officers have
established in past business relationships.  Should these relationships not
generate the anticipated volume of business, any unanticipated costs would
diminish our working capital.  Competitors
with more resources may force us out of business.  Competition in our sectors of
business come from a variety of factors, including quality, timely
commissioning of new projects, product positioning, pricing and brand name
recognition.  The principal competitors for our business may do this better
than we can. Each of these competitors has substantially greater financial
resources than we do. New technologies may also present substantial
competition. We may be unsuccessful in competing with these competitors, which
may materially harm our business.  The Company may not be
able to attain profitability without additional funding, which may be
unavailable.  The Company has limited
capital resources. Unless the Company begins to generate sufficient revenues to
finance operations as a going concern, the Company may experience liquidity and
solvency problems. Such liquidity and solvency problems may force the Company
to cease operations if additional financing is not available.  ITEM 1B.             UNRESOLVED
STAFF COMMENTS  None.  ITEM 2.
 PROPERTIES
  The Company leases from a stockholder, Dr.
H. K. Terry, pursuant to an oral agreement on a month-to-month basis, an 8,500
square foot building in Fort Lauderdale, Florida, which serves as its
administrative offices and computer operations center. The rent is $4,500 per
month and the Company is responsible for utilities. Rent expense was $54,000
for each of the years ended October 31, 2012and October 31, 2011.  ITEM 3.
 LEGAL PROCEEDINGS
  The
Company, Inc. is in possession of third party equipment as a result of a
previous company (Studione 1) that left the premises and claimed ownership of
the property. We were contacted by a third party and shareholder of Peter
Langone affiliated Company Global Branding who stated they were the owers of
the equipment and if we turned over the equipment to Peter Langone et al., they
would litigate.  Peter Langone commenced litigation on the equipment and,
the third party provided discovery to the Judge, who ordered the Company to
preserve the    12


---



equipment pending the outcome of litigation or
settlement discussions between the parties or additional court order(s). The
Company, Inc. has preserved all the equipment as stated by the judge and has
never made any claim as to ownership of the property and further expects to be
dismissed of the lawsuit without prejudice once the true ownership of the
equipment can be identified by the courts.  ITEM 4.
 REMOVED AND RESERVED
  PART II  ITEM 5.
 MARKET FOR REGISTRANT’S COMMON EQUITY,
  RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
  On December 26, 2012, there were 559
shareholders of record of our common stock.  DIVIDENDS  We do not intend to retain future earnings
to support our growth.  Any payment of cash dividends in the future
will be dependent upon: the amount of funds legally available; therefore, our
earnings; financial condition, capital requirements, and other factors which
our board of directors deems relevant.  ITEM 6.      SELECTED CONSOLIDATED
FINANCIAL DATA  Not applicable  ITEM 7.
 MANGEMENT’S DISCUSSION AND ANALYSIS OF
  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  The following Management’s Discussion and Analysis
(‘M&D&A”) is intended to help the reader understand the results of
operations and financial condition of The Movie Studio, Inc. F/K/A Destination
Television, Inc.. MD&A is provided as a supplement to, and should be read
in conjunction with, our financial statements and the accompanying Notes to
Financial Statements.  Forward Looking Statements  The
Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain forward-looking statements. Certain information
included in this Annual Report on Form 10-K, and other materials filed or to be
filed by us with the Securities and Exchange Commission (as well as information
included in oral statements or other written statements made or to be made by
us or our management) contain or will contain, forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as amended. The words
"believe," "expect," "anticipate,"
"estimate," project" and similar expressions identify
forward-looking statements, which speak only as of the date the statement was
made. We undertake no obligation to publicly update or revise any
forward-looking statements. Such forward-looking statements are based upon
management's current plans or expectations and are subject to a number of
uncertainties and risks that could significantly affect current plans,
anticipated actions and our future financial conditions and results. As a
consequence, actual results may differ materially from those expressed in any
forward-looking statements made by or on behalf of us as a result of various
factors. Any forward-looking statements are made pursuant to the Private
Securities Litigation Reform Act of 1995 and, as such, speak only as of the
date made.             13


---



Plan of Operation  The Movie Studio, Inc. F/K/A Destination Television, Inc. (the "Company" or the "Registrant")wasincorporated in the State of Delaware in 1961 under the name Magic Fingers, Inc. By amendment of its certificate of incorporation, the Company's name was changed in 1999 to Magicinc.com and in April 2002 to Magic Media Networks, Inc. and in February 2007 to Destination Television, Inc.  In November of 2012,the Company filed an amendment to change its name to The Movie Studio, Inc. Through the period ended October 31, 1999, the Company devoted substantially all its efforts to reorganizing its financial affairs and settling its debt obligations. During the fiscal years ended October 31, 2000 and October 31, 2001, the Company was engaged primarily in the planning and development of an interactive network to provide entertainment via the Internet. Subsequent to October 31, 2001, the Company redirected its business focus to the development of a private television network, in high traffic locations such as bars and nightclubs. During the development process, the Company received incidental revenue from the sale of advertising and the production of commercials.  Results of Operations for the years ended October 31, 2012and2011  The following tables sets forth a summary of financial highlights for the years ended October 31:   Year EndedOctober 31,

   

   

   

   %2012

   

   2011

   

   Change

   

   ChangeStatement of operations data:Sales

   

   $ -

   

   $ -

   

   $ -

   

   -Expenses

   

   172,319

   

   192,371

   

   (20,052)

   

   (10%)Net loss

   

   (172,319)

   

   (192,371)

   

   20,052

   

   (10%)Net loss per share

   

   $ (0.01)

   

   $ (0.01)
     For the years ended October 31, 2012 and 2011, we reported a net loss of $172,319 and $192,371, respectively, a decrease in net loss of $20,052. The decrease in net loss is primarily attributable to a $20,052 decrease in expenses.  For the year ended October 31, 2012 and 2011, the Company had no revenues.  Total expenses for the years ended October 31, 2012 and 2011 were $172,319 and $192,371, respectively, a decrease of $20,052, or 10%.  This decrease is attributable to a decrease of approximately $13,500 in selling and general and administrative expenses and a decrease of $6,552 in interest expense.  For the year ended October 31, 2012, interest expense decreased $6,552 to $36,464 (15%) from the $43,016 reported for the year ended October 31, 2011.  This decrease results from the decrease in short-term borrowings during the year ended October 31, 2012.


---



14    Liquidity and Capital Resources  For the year ended October 31, 2012, we used $133,000 for operating activities, as compared to $133,000 used for operations for the year ended October 31, 2011.  Historically, we have financed our business primarily from the receipt of cash from financing activities.  During the year ended October 31, 2012, we received proceeds of $133,000 from loans made to the Company by related party shareholders.  At October 31, 2012, we reported total liabilities of $2,489,307, all of which is current and due within one year.  The liability total consists of loans payable to an entity owned by a shareholder and officer of the Company, of $1,353,420. This entity assumed the debt due to Dr. Terry for an equity interest in the entity owned by the shareholder and officer.  The Company is also indebted to its president and CEO in the amount of $727,705; $680,597 of this amount represents accrued wages and the balance of $47,108 represents funds he advanced to the Company for working capital purposes.  At October 31, 2011, we reported total liabilities of $2,319,843, all of which was current and due within one year.  The liability total consists of loans payable to an entity owned by a shareholder and officer of the Company, of $1,353,420. This entity assumed the debt due to Dr. Terry for an equity interest in the entity owned by the shareholder and officer.  The Company is also indebted to its president and CEO in the amount of $594,705; $547,597 of this amount represents accrued wages and the balance of $47,108 represents funds he advanced to the Company for working capital purposes.  We also owe the Internal Revenue Service approximately $375,000 for unpaid payroll taxes.  The Company did submit an Offer in Compromise to substantially reduce the liability; however, the Internal Revenue Service rejected our initial Offer in Compromise.  We have appealed the Internal Revenue Service’s rejection, and we continue to negotiate with the Internal Revenue Service to resolve all outstanding issues related to the unpaid payroll taxes.  All payroll tax obligations incurred during the fiscal years ended October 31, 2012 and 2011 have been paid.  Capital Expenditures  Our requirements for capital expenditures should not exceed $10,000 for year ended October 31, 2013.  Inflation  We believe that inflation has not had a material effect on our operations during 2012 and 2011.  Off-balance Sheet Arrangements  We did not have any off-balance sheet arrangements during 2012 and 2011.  Recently Issued Accounting Standards  In May 2011, the Financial Accounting Standards Board (FASB) issued authoritative guidance regardingFair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs,which resulted in common requirements for measuring fair value and for disclosing


information about fair value measurement under both U.S. GAAP and International Financial Reporting Standards (IFRS), including a consistent definition of the term "fair value." The amendments were effective beginning in the first quarter of 2012, and did not have a material effect on our consolidated financial statements.


---



In June 2011, the FASB issued Accounting Standards Update 2011-05,Presentation of Comprehensive Income. This update amended the provisions of FASB ASC 220-10 by eliminating the option of reporting other comprehensive income in the statement of changes in stockholders’ equity. Companies will have the option of presenting net income and other comprehensive income in a single, continuous statement of comprehensive income or presenting two separate but consecutive statements of net income and comprehensive income. The new presentation requirements are effective for interim and annual periods beginning after December 15, 2011. The adoption of this standard is not anticipated to have a material impact on our financial statements.   15      In September 2011, the FASB issued Accounting Standards Update 2011-08,Testing Goodwill for Impairment. This update amended the provisions of FASB ASC 350-20-35 by allowing an entity the option to make a qualitative evaluation about the likelihood of goodwill impairment to determine whether it should calculate the fair value of a reporting unit. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011, if an entity’s financial statements for the most recent annual or interim period have not yet been issued. The adoption of this standard is not anticipated to have a material impact on our financial statements.  ASC 480, In March of 2012, the FASB issued Accounting Standards Update,Distinguishing Liabilities from Equity; primarily originated from FAS 150 and related interpretations. This subtopic establishes standards for how an issuer classifies and measures certain financial instruments with characteristics of both liabilities and equity. The guidance applies to freestanding financial instruments, thus reinforcing the importance of this determination.  The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows.  Based on that review, the Company believes that none of these pronouncements will have a significant effect on its consolidated financial statements. . Critical Accounting Policies and Estimates  We prepared our consolidated financial statements in conformity with accounting principles generally accepted in the United States of America.  In preparing these consolidated financial statements, we are required to make judgments, assumptions and estimates, which we believe are reasonable and prudent based on the available facts and circumstances.  These judgments, assumptions and estimates affect certain of our revenues and expenses and their related balance sheets.  On an on-going basis, we re-evaluate our selection of assumptions and the method of calculating our estimates. Actual results, however, may materially differ from our calculated estimates and this difference would be reported in our current operations. Our critical accounting policies include income taxes and stock-based compensation for services.  Income Taxes  The Company accounts for income taxes in accordance with FASB ASC Topic 740Income Taxes” which requires accounting for deferred income taxes under the asset and liability method.Deferred income tax asset and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on the enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established, when necessary, to reduce the deferred income tax assets to the amount expected to be realized.  In accordance with GAAP, the Company is required to determine whether a tax position of the Company is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. state and local jurisdictions.  Generally the Company is no longer subject to income tax examinations by major taxing authorities for years before 2005. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.  De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that would reduce net assets.

This policy also provides guidance on
thresholds, measurement, de-recognition, classification, interest and
penalties, accounting in interim periods, disclosure, and transition that is
intended to provide better financial statement comparability among different
entities.  It must be applied to all existing tax positions upon initial
adoption and the cumulative effect, if any, is to be reported as an adjustment
to stockholder’s equity as of January 1, 2009.  Based on its analysis, the
Company has determined that the adoption of this policy did not have a material
impact on the Company’s financial statements upon adoption. However,
management’s conclusions regarding this policy may be subject to review and
adjustment at a later date based on factors including, but not limited to,
on-going analyses of and changes to tax laws, regulations and interpretations
thereof.


---



16 Stock-Based Compensation for Services  The Company complies with
FASB ASC Topic 718Compensation – Stock Compensation,which establishes
standards for the accounting for transactions in which an entity exchanges its
equity instruments for goods or services.  It also addresses transactions in
which an entity incurs liabilities in exchange for goods or services that are
based on the fair value of the entity’s equity instruments or that may be
settled by the issuance of those equity instruments. FASB ASC Topic 718 focuses
primarily on accounting for transactions in which an entity obtains employee
services in share-based payment transactions.  FASB ASC Topic 718 requires an
entity to measure the cost of employee services received in exchange for an
award of equity instruments based on the grant-date fair value of the award
(with limited exceptions).  That cost will be recognized over the period during
which an employee is required to provide service in exchange for the award
(usually the vesting period).  No compensation costs are recognized for equity
instruments for which employees do not render the requisite service.  The
grant-date fair value of employee share options and similar instruments will be
estimated using option-pricing models adjusted for the unique characteristics
of those instruments (unless observable market prices for the same or similar
instruments are available).  If an equity award is modified after the grant
date, incremental compensation cost will be recognized in an amount equal to
the excess of the fair value of the modified award over the fair value of the
original award immediately before the modification.  No employee stock options
or stock awards vested during 2012 or 2011 under FASB ASC 718.  Nonemployee
awards  The fair value of equity
instruments issued to a nonemployee is measured by using the stock price and
other measurement assumptions as of the date of either: (i) a commitment for
performance by the nonemployee has been reached; or (ii) the counterparty’s
performance is complete.  Expenses related to nonemployee awards are generally
recognized in the same period as the Company incurs the related liability for
goods and services received.  The Company recorded stock compensation of
approximately $-0- and $-0- during the years ended October 31, 2012 and 2011,
respectively, related to consulting services.  ITEM 7A.             QUANTITATIVE AND
QUALITATIVE DISCLOSURES ABOUT MARKET RISK  None.


---



17          ITEM 8.

   FINANCIAL STATEMENTS
  Our financial statements, together with the report of auditors, are as follows  PageREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

   F-1CONSOLIDATED BALANCE SHEET AS OF OCTOBER 31, 2012 AND 2011

   F-2CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED OCTOBER 31,

   F-32012 AND 2011CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIENCY FOR THE

   F-4YEARS ENDED OCTOBER 31, 2012 AND 2011CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED OCTOBER 31,

   F-52012 AND 2011NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

   F-6 - F-12


---



18           Patrick Rodgers, CPA, PA 309 E. Citrus Street Altamonte Springs, FL 32701   REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To the Stockholders and Board of Directors The Movie Studio, Inc. (FKA Destination Television).  We have audited the accompanying balance sheets of The Movie Studio, Inc. (FKA Destination Television) as of October 31, 2012 and 2011 and the statements of operations, stockholders’ equity, and cash flows for the years ended October 31, 2012 and 2011.  These financial statements are the responsibility of the Company’s management.  Our responsibility is to express an opinion on these financial statements based on my audit.  We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting.  Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provides a reasonable basis for my opinion.  In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The Movie Studio, Inc. (FKA Destination Television) as of October 31, 2012 and 2011 and the results of its operations and its cash flows for the years ended October 31, 2012 and 2011 in conformity with accounting principles generally accepted in the United States.  The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As discussed in Note 3 to the financial statements, the Company has a minimum cash balance available for payment of ongoing operating expenses, has accumulated deficits of $9.3 million, and it does not have a source of revenue sufficient to cover its operating costs.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.  Management’s plans in this regard are described in Note 3.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.  /s/ Patrick Rodgers, CPA, PA Altamonte Springs, Florida August 15, 2013


---



F-1


---



THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Balance SheetsOctober 31,2012

   

   2011AssetsCurrent assetsCash

   

   

   

   $ 19

   

   $ 19Total current assets

   

   19

   

   19Property and equipment, net

   

   4,019

   

   6,574Acquired amortizable intangible assets

   

   580

   

   880Total assets

   

   $ 4,618

   

   $ 7,473Liabilities and stockholders' deficiencyCurrent liabilitiesAccounts payable and accrued liabilities

   

   $ 35,331

   

   $ 35,331Payroll taxes payable

   

   372,851

   

   336,387Accrued salary - related party

   

   680,597

   

   547,597Loans payable - related party

   

   1,400,528

   

   1,400,528Total current liabilities

   

   2,489,307

   

   2,319,843Long-term debt, net of current portion

   -

   

   -Total liabilities

   

   2,489,307

   

   2,319,843Stockholders' deficiencyPreferred stock, Series B convertible, ($.0001 par value)5,750,000 authorized, issued and outstanding at October 31, 2012and October 31, 2011, respectively

   

   206,000

   

   206,000Common stock, ($.0001 par value); 200,000,000 sharesauthorized, 102,355,260 and 102,355,260 shares issued and outstandingat October 31, 2012 and October 31, 2011, respectively

   10,236

   

   10,236Additional paid-in capital

   

   6,616,641

   

   6,616,641Accumulated deficit

   

   

   (9,317,566)

   

   (9,145,247)Total stockholders' deficiency

   (2,484,689)

   

   (2,312,370)Total liabilities and stockholders' deficiency

   $ 4,618

   

   $ 7,473The accompanying footnotes are an integral part of these financial statements.F-2


---



THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Statements of OperationsYear Ended October 31,2012

   

   2011Sales

   

   

   

   $ -

   

   $ -Expenses:Selling, general and administrative expenses

   

   135,855

   

   149,355Consulting

   

   -

   

   -Interest expense

   

   36,464

   

   43,016Total expenses

   

   172,319

   

   192,371Loss from continuing operations

   

   (172,319)

   

   (192,371)Other expenseLoss on disposition of property and equipment

   

   -

   

   --

   

   -Net loss before income taxes

   

   (172,319)

   

   (192,371)Income taxes

   

   -

   

   -Net income (loss)

   

   $ (172,319)

   

   $ (192,371)Basic and diluted loss per share:Loss from continuing operations beforediscontinued operations

   

   $ (0.01)

   

   $ (0.01)loss from discontinued operations andloss on disposition, net

   

   -

   

   -$ (0.01)

   

   $ (0.01)Weighted average number of commonshares outstanding, basic and fully diluted

   

   102,355,260

   

   102,355,260The accompanying footnotes are an integral part of these financial statements.F-3


---



THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Statements of Changes in Stockholders DeficiencyAdditional

   

   

   

   TotalCommon Stock

   

   Preferred Stock

   

   Paid-In

   

   Accumlated

   

   Stockholders'Shares

   

   Amount

   

   Shares

   

   Amount

   

   Capital

   

   Deficit

   

   DeficiencyBalance, October 31, 2010

   102,355,260

   

   $ 10,236

   

   5,750,000

   

   $ 206,000

   

   $ 6,616,641

   

   $ (8,952,876)

   

   $ (2,119,999)Net Loss

   

   

   

   

   

   

   

   

   

   

   (192,371)

   

   (192,371)Balance, October 31, 2011

   102,355,260

   

   10,236

   

   5,750,000

   

   206,000

   

   6,616,641

   

   (9,145,247)

   

   (2,312,370)Net Loss

   

   

   

   

   

   

   

   

   

   

   (172,319)

   

   (172,319)Balance, October 31, 2012

   102,355,260

   

   $ 10,236

   

   5,750,000

   

   $ 206,000

   

   $ 6,616,641

   

   $ (9,317,566)

   

   $ (2,484,689)The accompanying footnotes are an integral part of these financial statements.F-4


---



THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Statements of Cash FlowsYear EndedOctober 31,2012
 
 2011Cash flows from
  operating activities:Net loss
 $     (172,319)
 
 $      (192,371)Adjustment to reconcile net
  loss to netnet cash used by operating
  activities:Depreciation
 2,855
 
 2,855Changes in operating assets
  and liabilities:Increase in payables and
  accrued expenses
 -
 
 13,500Increase in accrued
  interest - related party
 -
 
 6,552Increase in payroll taxes
  payable
 36,464
 
 36,464Net cash used in
  operating activities
 (133,000)
 
 (133,000)Cash flows from
  investing activitiesAcquisition of fixed assets
 -
 
 --
 
 -Cash flows from
  financing activitiesProceeds from issuance of
  common stock
 -
 
 -Proceeds from related party
  loan to the company
 133,000
 
 133,000Net cash provided by
  investing activities
 133,000
 
 133,000Net incresase(decrease)
  in cash
 -
 
 -Cash, beginning of period
 19
 
 19Cash, end of period
 $                19
 
 $                 19The accompanying footnotes are an integral part of
  these financial statements.F-5


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THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2012   Note 1 – Description of Business  The Movie Studio, Inc. (the "Company") was incorporated in the State of Delaware 1961 under the name Magic Fingers, Inc. The company is a vertically integrated motion picture production company that develops, manufactures and distributes independent motion picture content for worldwide consumption on a multitude of devices.  The Company has operated under various names since incorporation, most recently Destination Television, Inc. from February 2007 to November 2012, when the name was changed to The Movie Studio, Inc.  From October 31, 2001, the Company’s focus was on the developing a private television network, in high traffic locations such as bars and nightclubs. During this development period, the Company received incidental revenue from the sale of advertising and the production of commercials.  In 2010, the Company began implementation of its current business model, using the technology previously developed for the private television network.  Note 2 – Summary of significant Accounting Policies  Basis of Presentation  The consolidated financial statements include the accounts of The Movie Studio, Inc. (Formerly Destination Television, Inc.), a Delaware corporation, and its wholly owned subsidiary Destination Television, Inc., a Florida corporation. All significant inter-company account balances and transactions between the Company and its subsidiary have been eliminated in consolidation.  Long-Lived Assets  In accordance with Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360Property, Plant, and Equipment,the Company records impairment losses on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. There were no impairment charges during the years ended October 31, 2012and 2011. Fair Value of Financial Instruments The fair values of the Company’s assets and liabilities that qualify as financial instruments under FASB ASC Topic 825,Financial Instruments,approximate their carrying amounts presented in the accompanying consolidated statements of financial condition at October 31,2012and 2011. Revenue recognition In accordance with the FASB ASC Topic 605,Revenue Recognition,the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collectability is reasonably assured.  Income Taxes


---



The Company accounts for income taxes in accordance with FASB ASC Topic 740Income Taxes,which requires accounting for deferred income taxes under the asset and liability method.Deferred income tax asset and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on the enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established, when necessary, to reduce the deferred income tax assets to the amount expected to be realized.   F-6   **** ****   THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2012   Note 2 – Summary of significant Accounting Policies (continued)  Income Taxes (continued)  In accordance with GAAP, the Company is required to determine whether a tax position of the Company is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. state and local jurisdictions.  Generally the Company is no longer subject to income tax examinations by major taxing authorities for years before 2005. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.  De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that would reduce net assets. This policy also provides guidance on thresholds, measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition that is intended to provide better financial statement comparability among different entities.  It must be applied to all existing tax positions upon initial adoption and the cumulative effect, if any, is to be reported as an adjustment to stockholder’s equity as of January 1, 2009.  Based on its analysis, the Company has determined that the adoption of this policy did not have a material impact on the Company’s financial statements upon adoption. However, management’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof.  Comprehensive Income  The Company complies with FASB ASC Topic 220,Comprehensive Income,which establishes rules for the reporting and display of comprehensive income (loss) and its components.  FASB ASC Topic 220 requires the Company’s change in foreign currency translation adjustments to be included in other comprehensive loss, and is reflected as a separate component of stockholders’ equity.  Stock-Based Compensation The Company complies with FASB ASC Topic 718Compensation – Stock Compensation,which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services.  It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC Topic 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions.  FASB ASC Topic 718 requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions).  That cost will be recognized over the period during which an employee is required to provide service in exchange for the award (usually the vesting period).  No compensation costs are recognized for equity instruments for which employees do not render the requisite service.  The grant-date fair value of employee share options and similar instruments will be estimated using option-pricing models adjusted for the unique characteristics of those instruments (unless observable market prices for the same or similar instruments are available).  If an equity award is modified after the grant date, incremental compensation cost will be recognized in an amount equal to the excess of the fair value of the


modified award over the fair value of the original award immediately before the modification.  No employee stock options or stock awards vested during 2012 or 2011 under FASB ASC 718.


---



F-7        THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2012  Note 2 – Summary of significant Accounting Policies (continued)  Stock-Based Compensation (continued)  Nonemployee awards  The fair value of equity instruments issued to a nonemployee is measured by using the stock price and other measurement assumptions as of the date of either: (i) a commitment for performance by the nonemployee has been reached; or (ii) the counterparty’s performance is complete.  Expenses related to nonemployee awards are generally recognized in the same period as the Company incurs the related liability for goods and services received.  The Company recorded stock compensation expense of approximately $-0- and $-0- during the years ended October 31, 2012 and 2011, respectively, related to consulting services.  Recently Adopted Accounting Pronouncements  In May 2011, the Financial Accounting Standards Board (FASB) issued authoritative guidance regardingFair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs,which resulted in common requirements for measuring fair value and for disclosing information about fair value measurement under both U.S. GAAP and International Financial Reporting Standards (IFRS), including a consistent definition of the term "fair value." The amendments were effective beginning in the first quarter of 2012, and did not have a material effect on our consolidated financial statements.  In June 2011, the FASB issued Accounting Standards Update 2011-05,Presentation of Comprehensive Income. This update amended the provisions of FASB ASC 220-10 by eliminating the option of reporting other comprehensive income in the statement of changes in stockholders’ equity. Companies will have the option of presenting net income and other comprehensive income in a single, continuous statement of comprehensive income or presenting two separate but consecutive statements of net income and comprehensive income. The new presentation requirements are effective for interim and annual periods beginning after December 15, 2011. The adoption of this standard is not anticipated to have a material impact on our financial statements.  In September 2011, the FASB issued Accounting Standards Update 2011-08,Testing Goodwill for Impairment. This update amended the provisions of FASB ASC 350-20-35 by allowing an entity the option to make a qualitative evaluation about the likelihood of goodwill impairment to determine whether it should calculate the fair value of a reporting unit. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011, if an entity’s financial statements for the most recent annual or interim period have not yet been issued. The adoption of this standard is not anticipated to have a material impact on our financial statements.  The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows.  Based on that review, the Company believes that none of these pronouncements will have a significant effect on its consolidated financial statements.  ASC 480, In March of 2012, the FASB issued Accounting Standards Update,Distinguishing Liabilities from Equity; primarily originated from FAS 150 and related interpretations. This subtopic establishes standards for


how an issuer classifies and measures certain financial instruments with characteristics of both liabilities and equity. The guidance applies to freestanding financial instruments, thus reinforcing the importance of this determination.


---



Loss Per Common Share  The Company complies with the accounting and disclosure requirements of FASB ASC 260,Earnings Per Share.Basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted loss per common share incorporates the dilutive effect of common stock equivalents on an average basis during the period. F-8          THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2012  Note 3 – Going Concern  The accompany financial statements have been prepared on the basis of accounting principles applicable to a going concern, which assume that Destination Television, Inc. will continue in operation for a least one year and realize its assets and discharge its liabilities in the normal course of operations.  Several conditions cast doubt about the Company’s ability to continue as a going concern.   The Company has an accumulated deficit of approximately $9.3 million as of October 31, 2012, has no cash available for payment of operating expenses, no source of revenue, and requires additional financing in order to finance its business activities on ongoing basis. The Company’s future capital requirements will depend on numerous factors, including but not limited to continued progress in the pursuit of business opportunities.  The Company is actively pursuing alternative financing and has discussions with various third parties, although no firm commitments have been obtained.  In the interim, the principal shareholder has committed to meeting any operating expenses incurred by the Company. The Company believes that actions it is presently taking to revise its operating and financial requirements provide it with the opportunity to continue as a going concern.  The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern.  While we believe that the actions already taken or planned, will mitigate the adverse conditions and events which raise doubt about the validity of going concern assumption used in preparing these financial statements, there can be no assurance that these actions will be successful.  If the Company were unable to continue as a going concern, then substantial adjustments would be necessary to the carrying values of the reported liabilities.  Note4- Acquired Amortizable Intangible Assets As of October 31, 2006, the Company invested $3,280 in establishing trademarks associated with its concept of placing TV’s in bars, hotels and gyms. The Company amortizes the costs of these intangibles over their estimated useful lives unless such lives are deemed indefinite. Amortizable intangible assets are also tested for impairment based on undiscounted cash flows and, if impaired, written down to fair value based on either discounted cash flows or appraised values. Intangible assets with indefinite lives are tested for impairment, at least annually, and written down to fair value as required. Expected annual amortization expense related to amortizable intangible assets is as follows:  As of October 31,2013

   

   300Thereafter

   

   280Total expected annual amortization expense

   $ 580


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F-9     THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2012  Note5- Income Taxes The Company has approximately $9.3million in net operating loss carryovers available to reduce future income taxes. These carryovers expire at various dates through the year 2032. The Company has adopted FASB ASC Topic 740, “Income Taxes,” which provides for the recognition of a deferred tax asset based upon the value the loss carry-forwards will have to reduce future income taxes and management's estimate of the probability of the realization of these tax benefits. The Company's management determined that it was more likely than not that the Company's net operating loss carry-forwards would not be utilized; therefore, a valuation allowance against the related deferred tax asset has been established. A summary of the deferred tax asset presented on the accompanying balance sheets is as follows: October 31,2012

   

   2011Deferred tax asset:Net operating loss carryforwards

   $ 4,770,447

   

   $ 4,598,128Deferred tax asset

   4,770,447

   

   4,598,128Less: Valuation allowance

   (4,770,447)

   

   (4,598,128)Net deferred tax asset

   $ -

   

   $ -
  October 31,2012

   

   2011Statutory federal income tax expense

   

   (34)

   %

   (34)

   %State and local income tax

   

   (5)

   

   

   (5)(net of federal benefits)Other temporary differences

   

   -

   

   

   -Valuation allowance

   

   39

   

   

   39-

   %

   

   -

   %


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The Company has taken a full valuation allowance against the deferred asset attributable to the NOL carry-forwards of approximately $4,800,000 and $4,600,000 at October 31, 2012 and 2011, respectively, due to the uncertainty of realizing the future tax benefits.  Note6– Commitments  Facilities  The Company leases from a stockholder, Dr. H. K. Terry, pursuant to an oral agreement on a month-to-month basis, an 8,500 square foot building in Fort Lauderdale, Florida, which serves as its administrative offices and computer operations center. The rent is $4,500 per month and the Company is responsible for utilities. Rent expense was $54,000 for each of the years ended October 31, 2012and October 31, 2011.  F-10  **** ****  THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2012  Note6– Commitments(continued) Employment Agreements Gordon Scott Venters is employed as the Company's president andchief executive officer pursuant to an employment agreement, effective November 1, 2007. The three-year employment agreement, which extended a previous agreement, provides for an annual salary of $161,662; annual increases of a minimum of 5%; and participation in incentive or bonus plans at the discretion of theboard ofdirectors. The agreement additionally provides for certain confidentiality and non-competition provisions and a minimum payment of 18 months salary in the event of a change of control or termination without cause, or if the employee terminates for good reason. As of October 31, 2012, Mr. Venters was owed $680,597for accrued unpaid salary. As of October 31, 2011, Mr. Venters was owed $547,597for accrued unpaid salary. Note7- Payroll Taxes Payable As of October 31, 2012 and 2011, the Company owed the Internal Revenue Service approximately $336,386 and $299,923, respectively, for unpaid payroll taxes, interest, and penalties, for unpaid payroll taxes for periods ended prior to the year ended October 31, 2007.In August, October and November 2007, the Internal Revenue Service filed tax liens against the Company in the total amount of $198,351. In August 2007, the Company made a lump-sum payment of $48,000, and in November 2007, an additional lump sum payment of $18,600. These payments were made in connection with the Company's submission of an Offer in Compromise to settle its payroll tax obligations. The Offer in Compromise was rejected and the Company appealed the initial determination, which also was rejected in June 2009. The Company plans to submit a revised Offer in Compromise. There is no assurance that an acceptable settlement will be reached. Payroll tax obligations for the calendar years 2007, 2008,2009, 2010, 2011 and 2012have been paid as required. Note8- Notes Payable At March 31, 2011, the Company owed Dr. K. Terry, a related party shareholder, a total of $1,353,420, which represented $436,500 for accrued rent, $705,000 for convertible notes, and $211,920 for accrued interest against the convertible notes.  On April 1, 2011, the total due Dr. Terry of $1,353,420 was purchased by Ventures


Capital Partners, LLC, another related party, which provided Dr.Terry an equity interest in Ventures Capital Partners, LLC.


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Note9- Stockholders' Deficiency Common Stock Preferred Stock Series B Preferred Stock The Series Bpreferredstock is identical in all aspects to thecommonstock, including the right to receive dividends, except that each share of Series B Preferred Stock has voting rights equivalent to four times the number of shares of Common Stock into which it could be converted. As of October 31, 2012, there were 5,750,000 shares of Series Bpreferredstock outstanding; on October 31, 2007, there were 3,750,000 shares outstanding. Each share of Series Bpreferredstock is convertible into one share of common stock.  F-11       THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2012  Note 10- Common Stock Options No options or warrants were outstanding atOctober31, 2012and October 31, 2011. Note 11– Litigation As of October 31, 2012, the Company was not a party to any existing or threatened litigation. Note 12-  Related Party Transactions Gordon Scott Venters Effective November 2007, Gordon Scott Venters, entered into anemployment agreement with the Company, which is described above in Note6--Commitments-Employment Agreements. In November 2007, Mr. Venters, acquired from the Company 2,000,000 shares of itsSeries Bpreferredstock as payment of $56,000 of accrued unpaid salary. The shares were valued at $56,000, or $0.028 per share, which represented the approximate value, at the date of issuance, of the common stock into which the Series BpreferredStock may be converted. Also, in September and October 2008, Mr. Venters, acquired a total 15,000,000 shares of common stock from the Company at an average price of approximately $0.0051 as payment for accrued but unpaid salary of $76,000. The shares ofSeries Bpreferredstock and the common shares have not been registered under the Securities Act of 1933, as amended, and therefore, may not be transferred in the absence of an exemption from registration under such laws and will be considered "restricted securities" as that term is defined in Rule 144 adopted under the Securities Act, and may be sold only in compliance with the resale provisions set forth therein. In August 2006 and February 2007, Mr. Venters made non-interest bearing unsecured loans to the Company in the amounts of $25,000 and $5,000, respectively. In April 2007, the Company repaid the $5,000 loan and Mr. Venters acquired from the Company 500,000 shares of its common stock, which were valued at $26,000, or $0.052 per share, in exchange for the $25,000 loan and the balance of $1,000 was applied to accrued unpaid salary. Additionally, in August 2007, he acquired 1,000,000 shares of common stock, which were valued at


$0.04 per share, in exchange for $40,000 of accrued unpaid salary. At October 31, 2012and 2011, the Company owed Mr. Venters $680,597and $547,597, respectively, for accrued unpaid salary.


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Note 13– Subsequent Events In November 2012, the Company changed its name from Destination Television, Inc. to the Movie Studio, Inc. During the month of November 2012, the Company became involved in litigation regarding the ownership of equipment left in the building by a previous tenant.  The building serves as the corporate headquarters for the Company.  The Company was ordered by the court to preserve the equipment until ownership can be established by the court.  The Company has made no claim of ownership of the equipment and expects to be dismissed from the litigation  F-12  **** **** ****  ITEM 9.                CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE  Our accountant is Patrick Rodgers CPA, P.A.  We do not presently intend to change accountants.  At no time have there been any disagreements with such accountant regarding any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.  ITEM 9A.             CONTROLS AND PROCEDURES  Changes in Internal Control Over Financial Reporting  Our management is responsible for establishing and maintaining adequate internal control over financial reporting.  Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the company’s principal executive and principal financial officers and effected by the company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:  -     Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;  -Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and -Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.  Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  All internal control systems, no matter how well designed, have inherent

limitations.  Therefore, even
those systems determined to be effective can provide only reasonable assurance
with respect to financial statement preparation and presentation.  Because of
the inherent limitations of internal control, there is a risk that material
misstatements may not be prevented or detected on a timely basis by internal
control over financial reporting. However, these inherent limitations are known
features of the financial reporting process.  Therefore, it is possible to
design into the process safeguards to reduce, though not eliminate, this risk.


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As of October 31, 2012
management assessed the effectiveness of our internal control over financial
reporting based on the criteria for effective internal control over financial
reporting established in Internal Control--Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission
("COSO") and SEC guidance on conducting such assessments.  Based on
that evaluation, they concluded that, during the period covered by this report,
such internal controls and procedures were not effective.  This annual report does not
include an attestation report of the Corporation's registered public accounting
firm regarding internal control over financial reporting.  Management's report
was not subject to attestation by the Corporation's registered public
accounting firm pursuant to temporary rules of the SEC that permit the
Corporation to provide only the management's report in this annual report.  ITEM 9B.  OTHER
INFORMATION   None.       19


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PART III  ITEM 10.

   DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE
  The directors and officers as of October 31, 2012, are set forth below.  The directors hold office for their respective term and until their successors are duly elected and qualified. Vacancies in the existing Board are filled by a majority vote of the remaining directors.  The officers serve at the will of our Board of Directors.  Name

   

   Age

   

   First Year as Director

   

   PositionGordon Scott Venters

   

   54

   

   1993

   

   CEO/Director
 BUSINESS EXPERIENCE  Set forth below is the name of our director and officer, all positions and offices held, the period during which he has served as such, and the business experience during at least the last five years:  Gordon Scott Venters, Chief Executive Officer and Chairman of the Board  Gordon Scott Venters has been president and chief executive officer and a director of The Movie Studio FKA Destination, Television, Inc. for the last ten months and a director of Destination Television since 1996.  During that time he has executive produced, produced, written and directedExposurestarring Corey Feldman ready for worldwide release in the first quarter of 2013 the first of the four picture franchise.  He has also served as a member of our board of directors from March 1994 to May 1995. Prior to joining Destination Television, Inc., Mr. Venters was engaged in the entertainment industry, including the financing, management and production of films, videos and recordings. From May 1995 until December 1996, he served as president and director of Quantum Entertainment, Company in Los Angeles. From 1990 to 1993, Mr. Venters served as president and chief executive officer of Flash Entertainment, Inc., an independent feature film company and predecessor of our company, during which time he was the executive producer ofno More Dirty Dealsand five music videos. He had previously been the executive producer of two full length feature films,Shakma & Shoot. Mr. Venters, has also been a financial advisor and a registered stockbroker with FD.D. Roberts Securities and Prudential Bache Securities, Inc.  CERTAIN LEGAL PROCEEDINGS  No director, nominee for director, or executive officer has appeared as a party in any legal proceeding material to an evaluation of his ability or integrity during the past five years.  COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT  To date, we have not filed Form 5 for the year ended October 31, 2012.  ITEM 11.

   EXECUTIVE COMPENSATION
  Gordon Scott Venters is employed as the Company's president and chief executive officer, pursuant to an employment agreement, effective November 1, 2007. The three-year employment agreement, which extended a previous agreement, provides for an annual salary of $161,662; annual increases of a minimum of 5%; and participation in incentive or bonus plans at the discretion of the board of directors. The agreement additionally provides for certain confidentiality and non-competition provisions and a minimum payment of 18 month salary in the event of a change of control or termination without cause, or if the employee terminates for good reason. As of October 31, 2012, Mr. Venters was owed $680,597 for accrued unpaid salary. As of October 31, 2011, Mr. Venters was owed $547,597 for accrued unpaid salary.  No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by us for the benefit of our employees.


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20       ITEM 12.

   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
  The following table illustrates the common stock and preferred stock ownership of Gordon Scott Venters as of February 21, 2013.   Title of           Name, Title and Address of Beneficial                     Amount of Beneficial      % of Class                Owner of Shares                                                            Ownership               Shareholdings  Common         Gordon Scott Venters, CEO, and                      3.5 million shares    3% Director  Preferred         Gordon Scott Venters, CEO, and                        5.75 million shares                100% Director  The address for all officers and directors is 530 North Federal Highway, Ft. Lauderdale, Florida 33301.    ITEM 13.

   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
  None   ITEM 14.

   PRINCIPAL ACCOUNTANT FEES AND SERVICES
  Audit Fees  For the Company's fiscal year ended October 31, 2012, we were billed and paid $4,000.  The audit fees were for professional services rendered for the audit of our financial statements, respectively.  Tax Fees  For the Company's fiscal year ended October 31, 2012, we were billed and paid $0 for  professional services rendered for tax compliance, tax advice, and tax planning, as well as for legal services.  All Other Fees  The Company did not incur any other fees related to services rendered by our principal accountant for the fiscal year ended October 31, 2012.                       21


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PART IV  ITEM 15.
 EXHIBITS AND CONSOLIDATED FINANCIAL STATEMENT SCHEDULES
  (a)  The following documents are filed as part of this
report:  1.
 Financial statements; see index to financial statements and
  schedules in Item 8 herein.
  2.
 Financial statement schedules; see index to financial statements
  and schedules in Item 8 herein.
  3.
 Exhibits:
  The following exhibits are filed
with this Form 10-K and are identified by the numbers indicated; see index to
exhibits immediately following financial statements and schedules of this report.  EXHIBIT INDEX  3.1
 Articles of Incorporation    (1)
  3.2
 By-laws    (1)
  31.1
 Certification pursuant to Section 302 of the
  Sarbanes-Oxley Act of 2002
  32.1
 Certification pursuant to Title 18 Section 1350
  Reports on Form 8k:  None
                                 22


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SIGNATURES  Pursuant to the requirements of Section 13
or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, there unto duly
authorized.   THE MOVIE STUDIO, INC. F/K/A DESTINATION TELEVISION, INC.  By:/s/  Gordon Scott Venters _______________________________________________________________________________________________ Gordon Scott Venters President, Chief Executive Officer, and Director  Dated:   August 15, 2013  Pursuant to the requirements of the
Securities Exchange Act of 1934, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.   By:/s/  Gordon Scott Venters _______________________________________________________________________________________________ President, Chief Executive
Officer, Director  Dated:   August 15, 2013                               23


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302
CERTIFICATION OF CERTIFYING OFFICER   CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002    I, Gordon Scott Venters,
certify that:  1.   I have reviewed this
Form 10-K of The Movie Studio, Inc. F/K/A Destination Television, Inc.;  2.   Based on my knowledge,
this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with
respect to the period covered by this report;  3.   Based on my knowledge,
the financial statements, and other financial information included in this
report, fairly present in all material respects the financial condition,
results of operations and cash flows of the small business issuer as of, and
for, the periods present in this report;  4.   The small business
issuers other certifying officer(s) and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting
(as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the small
business issuer and have:  (a)  Designed such
disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the small business issuer, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;  (b)  Designed such
internal control over financial reporting, or caused such internal control over
financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally
accepted accounting principals;  (c)  Evaluated the
effectiveness of the small business issuer's disclosure controls and procedures
and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and  (d)  Disclosed in this
report any change in the small business issuer's internal control over
financing reporting that occurred during the small business issuer's most
recent fiscal quarter (the small business issuer's fourth fiscal quarter in the
case of an annual report) that has materially affected, or is reasonably likely
to materially affect, the small business issuer's internal control over
financial reporting; and  5.   The small business
issuer's other certifying officer(s) and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the small
business issuer's auditors and the audit committee of the small business
issuer's board of directors (or persons performing the equivalent functions):  (a)  All significant
deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonable likely to adversely
affect the small business issuer's ability to record, process, summarize and
report financial  information; and  (b)  Any fraud, whether
or not material, that involved management or other employees who have a
significant rile in the small business issuer's internal control over financial
reporting.   Dated: August 15, 2013 /s/ Gordon Scott Venters -------------------------- Gordon Scott Venters Chief Executive Officer Chief Financial Officer 24


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906 CERTIFICATION OF
CERTIFYING OFFICER  CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350  In connection with the
accompanying Yearly Report On Form 10-K of The Movie Studio, Inc. F/K/A
Destination Television, Inc. for the Year Ended October 31, 2011 I, Gordon Scott
Venters, chief executive officer and chief financial officer of The Movie
Studio, Inc. F/K/A Destination Television, Inc. hereby certify pursuant to 18
U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, to the best of my knowledge and belief, that:  1.   Such Yearly Report
on Form 10-K for the year ended October 31, 2011 fully complies with the
requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and  2.   The information contained
in such Yearly Report on Form 10-K for the year ended October 31, 2011 fairly
presents, in all material respects, the financial condition and results of
operations of The Movie Studio, Inc. F/K/A Destination Television, Inc.  Dated:  August 15, 2013  THE MOVIE STUDIO, INC. F/K/A
DESTINATION TELEVISION, INC.   By:/s/ Gordon Scott Venters -
------------------------------------- Gordon Scott Venters Chief Executive Officer and Chief Financial Officer


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