______________________________________________________________________________________________ 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, 2013   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.)
  2040 Sherman Street, Hollywood, Florida 33020 _______________________________________________________________________________________________ (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.  [X]  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 company   [X]  Indicate by check mark whether the
registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):  Yes No [X]  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 November 12, 2014 is 236,000,000  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.mOn June 9, 2014 FINRA approved the new symbol MVES.   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:MVES)  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 distributionmethods: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) 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 organization’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 specialize in this market, of which Film bank[1]is Britain's largest, representing the major Hollywood studios. Home video media is sold with a license 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 license that permits the legal projection of a copy of the film, which the exhibitor buys separately on a home video format. These licenses 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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.  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 17,000 Sq. Ft. state of the art production studio in Hollywood, FL, complete with green screen stage, two stage edit suites and two audio suites and voice over booth, administrative office space, a food court, 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


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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
  Through October 31, 2014,The Company leasedfrom 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 servedas its administrative offices and computer operations center. The rentwas$4,500 per month and the Companywasresponsible for utilities. Rent expense was $54,000 for each of the years ended October 31, 2013and October 31, 2012.The Company moved to a new location in Hollywood, FL on November 1, 2014.  ITEM 3.

   LEGAL PROCEEDINGS
  On December 13, 2012, Peter Langone filed a civil suit against the Company, wherein he claimed certain ownership of equipment and services rendered on behalf of the Company, when he was an occupant at the offices of the Company. The Company disputed his claim and settled with Mr. Langone in 2013. The final case is expected to be released on January 9, 2015.  12


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In September 25, 2013, Ali, Sonoma Steward filed a civil suit against the Company and Ventures Capital Partners, LLC, claiming the Company was using her image and likeness on the artwork used in connection the  marketing and advertising of the motion pictureExposure.The Company provided the Plaintiff’s counsel with a binding Letter of Intent (LOI) Agreement, which became binding upon completion of the production for the movieExposure;this LOI granted the Company the rights to use Ali Sonoma Stewarts, “Image,” “Likeness,” “Web,” “Print,” and “Media” in connection with this movie in perpetuity.  The Company anticipates the civil suit will be dismissed on January 21, 2015, on the basis of the release and Lack of Prosecution.   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 November 12, 2014, there were 439 common stock shareholders of record.  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.

   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  The following Management’s Discussion and Analysis (‘MD&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


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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, 2013and2012  The following tables sets forth a summary of financial highlights for the years ended October 31:   Year EndedOctober 31,

   

   

   

   %2013

   

   2012

   

   Change

   

   ChangeStatement of operations data:Sales

   

   $ 295,824

   

   $ -

   

   $ 295,824

   

   -Expenses

   

   444,608

   

   172,319

   

   272,289

   

   158%Net loss

   

   (148,784)

   

   (172,319)

   

   23,535

   

   (14%)Net loss per share

   

   $ (0.001)

   

   $ (0.002)
               For the years ended October 31, 2013 and 2012, we reported a net loss of $148,784 and $172,319, respectively, a decrease in net loss of $23,535. The decrease in net loss is primarily attributable to an increase in revenue of $295,824, partially offset by an increase in total expenses of $272,289.  For the years ended October 31, 2013 and 2012, we reported revenues of $295,824 and $-0-, respectively.  Total expenses for the years ended October 31, 2012 and 2011 were $444,608 and $172,319, respectively, an increase of $272,289, or 158%.  This increase is primarily attributable of an increase of $269,089 in selling and general administrative expenses.  Interest expense increased $3,200 for the year ended October 31, 2013 to $$39,644 from the $36,464 reported for the prior fiscal year. This increase results from an overall increase in in debt obligations during the year


ended October 31, 2013.


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14


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Liquidity and Capital Resources  For the year ended October 31, 2013, we used $71,381 for operating activities, as compared to $133,000 used for operations for the year ended October 31, 2012.  Historically, we have financed our business primarily from the receipt of cash from financing activities.  During the year ended October 31, 2013, we received proceeds of $56,000 from the issuance of common stock and $23,374 from related party loans made to the Company.  At October 31, 2013, we reported total liabilities of $2,587,676, 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 $1,371,463. This entity assumed the debt due to Dr. Terry for an equity interest in the entity owned by the shareholder and officer.  The Company was also indebted to its president and CEO in the amount of $803,698; $733,216 of this amount represented unpaid wages and the balance of $70,482 represents funds he advanced to the Company for working capital purposes.  At October 31, 2012, we reported total liabilities of $2,489,307, 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 was also indebted to its president and CEO in the amount of $772,705; $680,597 of this amount represented unpaid 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 $412,500 for unpaid payroll taxes (approximately $375,000), interest, and penalties.  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, 2013 and 2012 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 2013 and 2012.  Off-balance Sheet Arrangements  We did not have any off-balance sheet arrangements during 2013 and 2012.  Recently Issued Accounting Standards  In February 2013, the accounting guidance was amended for obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date. The amendments provide guidance on the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements, including debt arrangements, other contractual obligations, and settled litigation and judicial rulings, for which the total amount of the obligation is fixed at the reporting date. The amendment was effective for the Company beginning January 1, 2014 and was applied retrospectively. The adoption of this guidance did not have a material effect on the Company’s results of operations, cash flows or financial condition.  In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11,Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry forward, a Similar Tax Loss, or a Tax Credit Carry forward Exists, which states that entities should present the unrecognized tax benefit as a reduction of the deferred tax asset for a net operating loss (“NOL”) or similar tax loss or tax credit carry forward rather than as a liability when the uncertain tax position would reduce the NOL or other carry forward under the tax law. The Company will be required to adopt this new standard on a  15


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prospective basis in the first interim reporting period of fiscal 2015, though early adoption is permitted as is a retrospective application. We do not anticipate that the adoption of this standard will have a material effect on the Company’s results of operations, financial position or cash flows.  In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). It outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that revenue is recognized when a customer obtains control of a good or service. A customer obtains control when it has the ability to direct the use of and obtain the benefits from the good or service. ASU 2014-09 is effective for annual periods beginning after December 15, 2016, including interim periods within that annual period. The Company is in the process of assessing the impact of the adoption of ASU 2014-09 to its consolidated financial statements.  In June 2014, accounting guidance was updated for stock-based awards when the terms of an award provide that a performance target that affects vesting could be achieved after the requisite service period. The current accounting standard for stock-based compensation as it applies to awards with performance conditions should be applied. This guidance is effective for the Company as of January 1, 2016. The Company is currently evaluating this guidance, but does not anticipate it will have a material impact on its financial statements.  In June 2014, the FASB issued ASU 2014-12,Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. This guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition of the award. A reporting entity should apply existing guidance in Accounting Standards Codification Topic 718,Compensation-Stock Compensation, as it relates to such awards. The guidance is effective for fiscal years beginning after December 15, 2015, and may be applied prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s consolidated statements and related disclosures.  In August 2014, the FASB issued ASU 2014-15,Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.The guidance requires an entity to evaluate whether there are conditions or events, in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the financial statements are available to be issued when applicable) and to provide related footnote disclosures in certain circumstances. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. We do not believe the adoption of this guidance will have a significant impact the Company’s consolidated statements and related disclosures.  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.        16


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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.  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 2013 or 2012 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, 2013 and 2012, respectively, related to consulting services.  ITEM 7A.             QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  None.     17


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ITEM 8.

   FINANCIAL STATEMENTS
  Our financial statements, together with the report of auditors, are as follows  CONSOLIDATED BALANCE SHEET AS OF OCTOBER 31, 2013 and 2012

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

   F-32013 AND 2012CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIENCY FOR THE

   F-4YEARS ENDED OCTOBER 31, 2013 AND 2012CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED OCTOBER 31,

   F-52013 AND 2012NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

   F-6 - F-13


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18    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   To The Board of Directors and shareholders of The Movie Studio, Inc. Hollywood, Florida   I have audited the accompanying consolidated balance sheets of The Movie Studio, Inc. (the “Company”) as of October 31, 2013 and 2012 and the related consolidated statements of operations, stockholders’ deficit and cash flows for the years ended October 31, 2013 and 2012, and the related notes to the consolidated financial statements.  Management’s Responsibility for Financial Statements  Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United State of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.  Auditor’s Responsibility  My responsibility is to express an opinion on these consolidated financial statements based on my audits.  I conducted my audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor was I engaged to perform, an audit of its internal control over financial reporting. My 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, I express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation.  I believe that my audits provide a reasonable basis for my opinion.  Opinion  In my opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of the Company as of October 31, 2013 and 2012 and the consolidated results of its operations and its cash flows for the years ended October 31, 2013 and 2012, in conformity with accounting principles generally accepted in the United States of America.  Emphasis of Matter  The accompanying financial statements have been prepared assuming that 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 $9.5 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/ Terry L. Johnson, CPA Casselberry, Florida November 21, 2014


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F-1           THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Balance SheetsOctober 31,2013

   

   2012AssetsCurrent assetsCash

   

   $ 8,012

   

   $ 19Total current assets

   

   8,012

   

   19Property and equipment, net

   1,911

   

   4,019Acquired amortizable intangible assets

   280

   

   580Total assets

   

   $ 10,203

   

   $ 4,618Liabilities and stockholders' deficiencyCurrent liabilitiesAccounts payable and accrued liabilites

   

   $ -

   

   

   $ 35,331Payroll taxes payable

   

   412,515

   

   

   372,851Loans payable - related party

   

   803,698

   

   

   2,081,125Loan from VCP

   

   1,371,463

   

   

   -Total current liabilities

   

   2,587,676

   

   2,489,307Total liabilities

   

   2,587,676

   

   2,489,307Stockholders' deficiencyPreferred stock, Series B convertible ($.0001 par value)5,750,000 authorized, issued and outstaning at October 31, 2013and October 31, 2012, respectively

   

   575

   

   

   575Common stock,( $.0001 par value); 200,000,000 sharesauthorized, 170,545,068 and 102,355,260 shares issued andoutstanding at October 31, 2013 and October 31, 2012, respectively

   17,055

   

   

   10,236Additional paid in capital

   

   6,871,247

   

   

   6,822,066Accumulated deficit

   

   (9,466,350)

   

   

   (9,317,566)Total stockholders' deficiency

   

   (2,577,473)

   

   (2,484,689)Total liabilities and stockholders' deficiency

   $ 10,203

   

   $ 4,618The accompanying footnotes are an integral part of these financial statements.F-2


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THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Statements of OperationsYear Ended October 31,2013

   

   2012Revenue

   

   

   

   $ 295,824

   

   $ -Expenses:Selling, general and administrative expenses

   

   404,944

   

   135,855Interest expense

   

   39,664

   

   36,464Total expenses

   

   444,608

   

   172,319Net loss before income taxes

   

   (148,784)

   

   (172,319)Income taxes

   

   -

   

   -Net loss

   

   $ (148,784)

   

   $ (172,319)Basic and diluted loss per share

   

   (0.001)

   

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

   

   133,232,022

   

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


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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, 2011

   102,355,260

   

   $ 10,236

   

   5,750,000

   

   $ 575

   

   $ 6,822,066

   

   $ (9,145,247)

   

   $ (2,312,370)Net Loss

   

   

   

   

   

   

   

   

   

   

   (172,319)

   

   (172,319)Balance, October 31, 2012

   102,355,260

   

   10,236

   

   5,750,000

   

   575

   

   6,822,066

   

   (9,317,566)

   

   (2,484,689)Common Stock issued for cash

   68,189,808

   

   6,819

   

   

   

   

   

   49,181

   

   

   

   56,000Net Loss

   

   

   

   

   

   

   

   

   

   

   (148,784)

   

   (148,784)Balance, October 31, 2013

   170,545,068

   

   $ 17,055

   

   5,750,000

   

   $ 575

   

   $ 6,871,247

   

   $ (9,466,350)

   

   $ (2,577,473)The accompanying footnotes are an integral part of these financial statements.F-4


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THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Statements of Cash FlowsYear EndedOctober 31,2013

   

   2012Cash flows from operating activities:Net loss

   $ (148,784)

   

   $ (172,319)Adjustment to reconcile net loss to netnet cash used by operating activities:Depreciation and amortization

   2,408

   

   2,855Changes in operating assets and liabilities:Decrease in payables and accrued expenses

   35,331

   

   -Increase in payroll taxes payable

   39,664

   

   36,464Net cash used in operating activities

   (71,381)

   

   (133,000)Cash flows from investing activities

   -

   

   -Cash flows from financing activitiesProceeds from issuance of common stock

   56,000

   

   -Proceeds from related party loan to the company

   23,374

   

   133,000Net cash provided by investing activities

   79,374

   

   133,000Net incresase(decrease) in cash

   7,993

   

   -Cash, beginning of period

   19

   

   19Cash, end of period

   $ 8,012

   

   $ 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, 2013   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, 2013and 2012. 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 31,2013and 2012. 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, 2013   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 2013 or 2012 under FASB
ASC 718.


---



F-7 THE
MOVIE STUDIO, INC. (FORMERLY
DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS OCTOBER
31, 2013  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, 2013 and 2012,
respectively, related to consulting services.  Recently
Adopted Accounting Pronouncements  In
February 2013, the accounting guidance was amended for obligations resulting
from joint and several liability arrangements for which the total amount of the
obligation is fixed at the reporting date. The amendments provide guidance on
the recognition, measurement, and disclosure of obligations resulting from
joint and several liability arrangements, including debt arrangements, other
contractual obligations, and settled litigation and judicial rulings, for which
the total amount of the obligation is fixed at the reporting date. The
amendment was effective for the Company beginning January 1, 2014 and was applied
retrospectively. The adoption of this guidance did not have a material effect
on the Company’s results of operations, cash flows or financial condition.  In
July 2013, the Financial Accounting Standards Board (“FASB”) issued
Accounting Standards Update (“ASU”) No. 2013-11,Presentation of an
Unrecognized Tax Benefit When a Net Operating Loss Carry forward, a Similar Tax
Loss, or a Tax Credit Carry forward Exists, which states that entities
should present the unrecognized tax benefit as a reduction of the deferred tax
asset for a net operating loss (“NOL”) or similar tax loss or tax credit carry forward
rather than as a liability when the uncertain tax position would reduce the NOL
or other carry forward under the tax law. The Company will be required to adopt
this new standard on a prospective
basis in the first interim reporting period of fiscal 2015, though early
adoption is permitted as is a retrospective application. We do not anticipate
that the adoption of this standard will have a material effect on the Company’s
results of operations, financial position or cash flows.  In May 2014, the Financial Accounting Standards
Board ("FASB") issued Accounting Standards Update No. 2014-09,
Revenue from Contracts with Customers ("ASU 2014-09"). It outlines a
single comprehensive model for entities to use in accounting for revenue
arising from contracts with customers and supersedes most current revenue
recognition guidance, including industry-specific guidance. The core principle
of the revenue model is that revenue is recognized when a customer obtains
control of a good or service. A customer obtains control when it has the
ability to direct the use of and obtain the benefits from the good or service.
ASU 2014-09 is effective for annual periods beginning after December 15, 2016,
including interim periods within that annual period. The Company is in the
process of assessing the impact of the adoption of ASU 2014-09 to its
consolidated financial statements.  In
June 2014, accounting guidance was updated for stock-based awards when the
terms of an award provide that a performance target that affects vesting could
be achieved after the requisite service period. The current accounting standard
for stock-based compensation as it applies to awards with performance conditions
should be applied. This guidance is effective for the Company as of
January 1, 2016. The Company is currently evaluating this guidance, but
does not anticipate it will have a material impact on its financial statements.


---



In June 2014, the FASB issued
ASU 2014-12,Accounting for Share-Based Payments When the Terms of an Award
Provide That a Performance Target Could Be Achieved after the Requisite Service
Period. This guidance requires that a performance target that affects
vesting and that could be achieved after the requisite service period be
treated as a performance condition of the award. A reporting entity should
apply existing guidance in Accounting Standards Codification Topic 718,Compensation-Stock
Compensation, as it relates to such awards. The guidance is effective for
fiscal years beginning after December 15, 2015, and may be applied
prospectively  F-8


---



THE
MOVIE STUDIO, INC. (FORMERLY
DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS OCTOBER 31, 2013   Note
2 – Summary of significant Accounting Policies (continued)  Recently Adopted
Accounting Pronouncements (continued)  or retrospectively. Early
adoption is permitted. The Company is currently evaluating the impact that the
adoption of this guidance will have on the Company’s consolidated statements
and related disclosures.  In August 2014, the FASB
issued ASU 2014-15,Presentation of Financial Statements – Going Concern
(Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to
Continue as a Going Concern.The guidance requires an entity to evaluate
whether there are conditions or events, in the aggregate, that raise
substantial doubt about the entity’s ability to continue as a going concern
within one year after the date that the financial statements are issued (or
within one year after the financial statements are available to be issued when
applicable) and to provide related footnote disclosures in certain
circumstances. The guidance is effective for the annual period ending after
December 15, 2016, and for annual and interim periods thereafter. Early
application is permitted. We do not believe the adoption of this guidance will
have a significant impact the Company’s consolidated statements and related
disclosures.  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.  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.  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 $9.5 million as of October 31, 2013,
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.  F-9


---



THE MOVIE STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2013  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

   $ 280
  Note5- Income Taxes The Company has approximately $9.5million in net operating loss carryovers available to reduce future income taxes. These carryovers expire at various dates through the year 2033. 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 31,2013

   

   2012Deferred tax asset:Net operating loss carryforwards

   $ 3,692,000

   

   $ 3,634,000Deferred tax asset

   3,692,000

   

   3,634,000Less: Valuation allowance

   (3,692,000)

   

   (3,634,000)Net deferred tax asset

   $ -

   

   $ -
  October 31,2013

   

   2012Statutory federal income tax expense

   

   (34)

   %

   (34)

   %State and local income tax

   

   (5)

   

   

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

   

   -

   

   

   -Valuation allowance

   

   39

   

   

   39-

   %

   

   -

   %


---



The Company has
taken a full valuation allowance against the deferred asset attributable to the
NOL carry-forwards of approximately $3,692,000 and $3,634,000 at October 31,
2013 and 2012, respectively, due to the uncertainty of realizing the future tax
benefits.  F-10


---



THE MOVIE STUDIO, INC. (FORMERLY
DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS OCTOBER 31, 2013  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, 2013and October 31, 2012.  Employment Agreements 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 ofdirectors. The agreement additionally provides for certain confidentiality
and non-competition provisions and a minimum payment of 18monthsin the event of a change of control or
termination without cause, or if the employee terminates for good reason. As of
October 31, 2013 and 2012, the
Company owedMr.Venters $803,698 (unpaid
wages of $733,216; advances of $70,482) and $680,590 (unpaid wages of $680,597;
advances of $47,108), respectively, forunpaidwages and advances he made to the Company.  He has agreed to
convert the $733,216 due him for unpaid wages, under terms of his employment
agreement, and the $70,482 due him for advances he has made to the Company in
exchange for the issuance to him of 25million shares of the Company’s common
shares, which will have one to one voting rights.  This conversion transaction will
be completed within the next twelve months.  Note7- Payroll Taxes Payable As of October 31, 2012 and 2011,
the Company owed the Internal Revenue Service approximately $412,515 and $372,851,
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 2007through 2013have 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. Note9- Stockholders' Deficiency Common Stock Stock Issued for Cash  During
year ended October 31, 2013, the Company issued to accredited investors a total
of 68,189,808 shares of common stock for $0.0008 per share for a total of $56,000.
None of the above shares have been registered underthe
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.


---



F-11


---



THE MOVIE STUDIO, INC. (FORMERLY
DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS OCTOBER
31, 2013  Note9- Stockholders' Deficiency(continued) Preferred Stock Series B Preferred Stock The Series Bpreferredstock is identical in all aspects to the commonstock, 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, 2013 and 2012,there were 5,750,000 shares of Series Bpreferredstock outstanding. Each share of Series
Bpreferred stockis convertible into one share of common stock. Note 10- Common Stock Options No options or warrants were outstanding atOctober31, 2013and October 31, 2012. Note11 - Litigation  On December 13, 2012, Peter Langone filed a civil suit
against the Company, wherein he claimed certain ownership of equipment and
services rendered on behalf of the Company, when he was an occupant at the
offices of the Company. The Company disputed his claim and settled with Mr. Langone
in 2013. The final case is expected to be released on January 9, 2015.  In
September 25, 2013, Ali, Sonoma Steward filed a civil suit against the Company
and Ventures Capital Partners, LLC, claiming the Company was using her image
and likeness on the artwork used in connection the  marketing and advertising
of the motion pictureExposure.The Company provided the Plaintiff’s
counsel with a binding Letter of Intent (LOI) Agreement, which became binding
upon completion of the production for the movieExposure;this LOI
granted the Company the rights to use Ali Sonoma Stewarts, “Image,” “Likeness,”
“Web,” “Print,” and “Media” in connection with this movie in perpetuity.  The
Company anticipates the civil suit will be dismissed on January 21, 2015, on the
basis of the release and Lack of Prosecution.  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. F-12


---



THE MOVIE STUDIO, INC. (FORMERLY
DESTINATION TELEVISION, INC.) NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS OCTOBER
31, 2013  Note 12-  Related Party Transactions(continued) 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. As of October 31, 2013 and 2012, the Company owedMr.Venters $803,698 (unpaid wages of
$733,216; advances of $70,482) and $680,590 (unpaid wages of $680,597; advances
of $47,108), respectively, forunpaidwages and
advances he made to the Company.  He has agreed to convert the $733,216 due him
for unpaid wages, under terms of his employment agreement, and the $70,482 due
him for advances he has made to the Company in exchange for the issuance to him
of 25million shares of the Company’s common shares, which will have one to one
voting rights.  This conversion transaction will be completed within the next
twelve months. Note 13-  Subsequent Events On
November 1, 2014, the Company moved its production facility and corporate
operations, without executing a lease agreement or rental agreement, to a new
17,000 square foot studio in Hollywood, Florida, which includes administrative
office space, a food court, a 5,000 square foot sound and green screen stage, two
stage edit suites, two audio suites, and a voice over booth. The facility is
for sale at an asking price of $1.5 million dollars.  The Company is reviewing
its options of either negotiating a lease agreement for some or all of the
studio space, or make an offer to the property owners to purchase the building
on terms acceptable to both parties by January 1, 2015. On June
9, 2014, the Company received its new stock symbol from FIRE; the new symbol isMVES. The
Company has evaluated subsequent events through November 21, 2014 the date the
financial statements were available to be issued.  No events have occurred
which would have a material effect on the financial statements of the Company
as of that date.          F-13


---



ITEM
9.                CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE  Our accountant is Terry
Johnson, CPA. 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. Out previous accountant, Patrick Rodgers, CPA, PA, resigned
and Terry Johnson, CPA was engaged on January 13, 2014.  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.  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


---



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
 
 53
 
 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
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, 2013 and 2012, the Company owedMr.Venters $803,698 (unpaid wages of $733,216; advances of $70,482)
and $680,590 (unpaid wages of $680,597; advances of $47,108), respectively, forunpaidwages and advances he made to the
Company.  He has agreed to convert the $733,216 due him for unpaid wages, under
terms of his employment agreement, and the $70,482 due him for advances he has
made to the Company in exchange for the issuance to him of 25million shares of
the Company’s common shares, which will have one to one voting rights.  This
conversion transaction will be completed within the next twelve months.  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 2040 Sherman Street, Hollywood, Florida 33020.    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, 2013, 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, 2013, 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, 2013.                      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:   November 21, 2014  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:   November 21, 2014                               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 role in the small business issuer's internal control over financial
reporting.   Dated: November 21, 2014 /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, 2013 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, 2013 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, 2013
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:  November 21, 2014  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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