UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 
  FORM 10-Q 
  x
 QUARTERLY REPORT
  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
  For the quarterly period ended April 30,
2012   ̈
 TRANSITION REPORT PURSUANT
  TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
  For the transition period from
____________, to ____________  Commission File Number000-30800 
  THE MOVIE STUDIO, INC. (Exact Name of Registrant as Specified in
Charter) 
  Delaware
 
 65-0494581(State or Other Jurisdiction of
  Incorporation or Organization)
 
 (I.R.S. Employer
  Identification Number)
  530 North Federal Highway, Ft. Lauderdale,
Florida 33301 (Address of Principal Executive Offices)  (954) 332-6600 (Registrant’s Telephone Number) 
  Indicate by check
mark whether the registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the preceding 12 months
(or for such shorter period 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 (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files).    Yes      No  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 definition of
“accelerated filer, large 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
 1


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Indicate by check mark whether the
registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act).    YesoNox  There were 131,182,473 shares of the Registrant’s $0.0001 par
value common stock outstanding as of July 12, 2013.                                          2


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The Movie Studio, Inc.  Contents  Part I – Financial InformationItem 1.

   Consolidated Financial Statements

   4 - 16Item 2.

   Management’s Discussion and Analysis of Financial Condition and Results of Operation

   17Item 3.

   Quantitative and Qualitative Disclosures About Market Risk

   18Item 4.

   Controls and Procedures

   18Part II – Other InformationItem 1.

   Legal Proceedings

   19Item 2.

   Unregistered Sales of Equity Securities and Use of Proceeds

   19Item 3.

   Defaults Upon Senior Securities

   19Item 4.

   Mine Safety Disclosures

   19Item 5.

   Other Information

   19Item 6.

   Exhibits

   19Signatures

   21
  
                   3


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PART I — FINANCIAL INFORMATION  Statements in this Form 10-Q Quarterly Report may be “forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on our current expectations, estimates and projections about our business based, in part, on assumptions made by our management. These assumptions are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those risks discussed in this Form 10-Q Quarterly Report, under “Management’s Discussion and Analysis of Financial Condition or Plan of Operation” and in other documents which we file with the Securities and Exchange Commission.  In addition, such statements could be affected by risks and uncertainties related to our financial condition, factors that affect our industry, market and customer acceptance, changes in technology, fluctuations in our quarterly results, our ability to continue and manage our growth, liquidity and other capital resource issues, competition, fulfillment of contractual obligations by other parties and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this Form 10-Q Quarterly Report, except as required by law.  Item 1.     Financial Statements  THE MOVIE STUDIO, INC.  Table of Contents PAGE  Consolidated Balance Sheets                                                             5  Consolidated Statements of Operations                                             6  Consolidated Statements of Cash Flows                                            7  Notes to Financial Statements                                                           8 - 18        4


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THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Balance SheetsApril 30,

   

   October 31,2012

   

   2011AssetsCurrent assetsCash

   

   

   

   $ 19

   

   $ 19Total current assets

   

   19

   

   19Property and equipment, net

   

   

   5,296

   

   6,574Acquired amortizable intangible assets

   

   730

   

   880Total assets

   $ 6,045

   

   $ 7,473Liabilities and stockholders' deficiencyCurrent liabilitiesPayroll taxes payable

   

   

   $ 354,619

   

   $ 336,386Loans payable - related party

   

   2,014,825

   

   1,947,325Total current liabilities

   2,369,444

   

   2,283,711Long-term debt, net of current portion

   

   -

   

   -Total liabilities

   2,369,444

   

   2,283,711Stockholders' deficiencyPreferred stock, Series B convertible $.0001 par value;5,750,000 authorized, issued and outstaning at April 2012and October 31, 2011, respectively

   

   206,000

   

   206,000Common stock, $.0001 par value; 200,000,000 sharesauthorized, 102,355,260 and 102,355,260 shares issued andoutstanding at April 30,2012 and October 31, 2011, respectively

   10,236

   

   10,236Additional paid in capital

   

   

   6,616,641

   

   6,616,641Accumulated deficit

   

   

   

   (9,196,276)

   

   (9,109,115)Total stockholders' deficiency

   (2,363,399)

   

   (2,276,238)Total liabilities and stockholders' deficiency

   $ 6,045

   

   $ 7,473


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5 THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Statements of OperationsThree months ended April 30,

   

   Six months ended April 30,2012

   

   2011

   

   2012

   

   2011Sales

   

   

   

   $ -

   

   $ -

   

   $ -

   

   $ -Expenses:Selling, general and administrative expenses

   

   33,964

   

   33,964

   

   67,928

   

   81,428Consulting

   

   -

   

   -

   

   -

   

   -Interest expense

   

   9,116

   

   4,593

   

   18,232

   

   24,784Total expenses

   

   43,080

   

   38,557

   

   86,160

   

   106,212Net loss before income taxes

   

   (43,080)

   

   (38,557)

   

   (86,160)

   

   (106,212)Income taxes

   

   -

   

   -

   

   -

   

   -Net income (loss)

   

   $ (43,080)

   

   $ (38,557)

   

   $ (86,160)

   

   $ (106,212)Basic and diluted loss per share:Basic and diluted loss per share:

   

   $ -

   

   $ -

   

   $ -

   

   $ -Weighted average number of commonshares outstanding, basic and fully diluted

   

   102,355,260

   

   102,355,260

   

   102,355,260

   

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


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6


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THE MOVIE STUDIO, INC.(FORMERLY DESTINATION TELEVISION, INC.)Consolidated Statements of Cash FlowsSix months endedApril 30,2012
 
 2011Cash flows from
  operating activities:Net loss
 $       (86,160)
 
 $      (106,212)Adjustment to reconcile net
  loss to netnet cash used by operating
  activities:Depreciation
 1,428
 
 1,428Changes in operating assets
  and liabilities:Increase in payables and
  accrued expenses
 -
 
 13,500Increase in accrued
  interest - related party
 -
 
 6,552Increase in payroll taxes
  payable
 18,232
 
 18,232Net cash used in
  operating activities
 (66,500)
 
 (66,500)Cash flows from
  investing activitiesAcquisition of fixed assets
 -
 
 --
 
 -Cash flows from
  financing activitiesProceeds from issuance of common
  stock
 -
 
 -Proceeds from related party
  loan to the company
 66,500
 
 66,500Net cash provided by
  investing activities
 66,500
 
 66,500Net incresase(decrease)
  in cash
 -
 
 -Cash, beginning of period
 19
 
 19Cash, end of period
 $                19
 
 $                 19The accompanying footnotes are an integral part of
  these financial statements.


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7THE
MOVIE STUDIO, INC.


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(FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012   Note 1 – Description of Business  The Movie Studio, Inc. (the
"Company") was incorporated in the State of Delaware 1961 under the
name Magic Fingers, Inc. The company is a vertically integrated motion picture
production company that develops, manufactures and distributes independent
motion picture content for worldwide consumption on a multitude of devices.  The Company has operated under various
names since incorporation, most recently Destination Television, Inc. from
February 2007 to November 2012, when the name was changed to The Movie Studio,
Inc.  From October 31, 2001, the Company’s focus
was on the developing a private television network, in high traffic locations
such as bars and nightclubs. During this development period, the Company
received incidental revenue from the sale of advertising and the production of
commercials.  In 2010, the Company began implementation of its current business
model, using the technology previously developed for the private television
network.  Note
2 – Summary of significant Accounting Policies  Basis of Presentation  The accompanying unaudited
consolidated quarterly financial statements have been prepared on a basis
consistent with generally accepted accounting principles in the United States
(“GAAP”) for interim financial information and pursuant to the rules of the
Securities and Exchange Commission (“SEC”). In the opinion of management, the
accompanying unaudited financial statements reflect all adjustments, consisting
of only normal and recurring adjustments, necessary for a fair presentation of
the results of operations, financial position and cash flows for the periods
presented.  The results of operations for the periods are not necessarily
indicative of the results expected for the full year or any future period. 
These statements should be read in conjunction with the Entity’s Annual Report
on Form 10-K for the year ended October 31, 2010 as filed with the SEC on July
8, 2013 (the “2011 Annual Report”).  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 quarter ended April 30, 2012 and the year ended October 31,
2011.       8


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THE MOVIE
STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012  Note
2 – Summary of significant Accounting Policies (continued)  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 atApril 30, 2012 and October 31, 2011. Revenue recognition In accordance with the FASB
ASC Topic 605,Revenue Recognition,the Company recognizes
revenue when persuasive evidence of an arrangement exists, delivery has
occurred, the sales price is fixed or determinable, and collectability is
reasonably assured.  Income Taxes  The Company accounts for
income taxes in accordance with FASB ASC Topic 740Income Taxes,which
requires accounting for deferred income taxes under the asset and liability
method.Deferred income tax asset and
liabilities are computed for differences between the financial statement and
tax bases of assets and liabilities that will result in taxable or deductible
amounts in the future based on the enacted tax laws and rates applicable to the
periods in which the differences are expected to affect taxable income. 
Valuation allowances are established, when necessary, to reduce the deferred
income tax assets to the amount expected to be realized.  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 2009. 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.    9


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THE MOVIE
STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012  Note
2 – Summary of significant Accounting Policies (continued)  Stock-Based Compensation  The Company complies with
FASB ASC Topic 718Compensation – Stock Compensation,which establishes
standards for the accounting for transactions in which an entity exchanges its
equity instruments for goods or services.  It also addresses transactions in
which an entity incurs liabilities in exchange for goods or services that are based
on the fair value of the entity’s equity instruments or that may be settled by
the issuance of those equity instruments. FASB ASC Topic 718 focuses primarily
on accounting for transactions in which an entity obtains employee services in
share-based payment transactions.  FASB ASC Topic 718 requires an entity to
measure the cost of employee services received in exchange for an award of
equity instruments based on the grant-date fair value of the award (with
limited exceptions).  That cost will be recognized over the period during which
an employee is required to provide service in exchange for the award (usually
the vesting period).  No compensation costs are recognized for equity
instruments for which employees do not render the
requisite service.  The grant-date fair value of employee share options and
similar instruments will be estimated using option-pricing models adjusted for
the unique characteristics of those instruments (unless observable market
prices for the same or similar instruments are available).  If an equity award
is modified after the grant date, incremental compensation cost will be
recognized in an amount equal to the excess of the fair value of the modified
award over the fair value of the original award immediately before the modification. 
No employee stock options or stock awards vested during 2012 or 2011 under FASB
ASC 718.  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 six months ended April 30, 2012 and 2011,
respectively, related to consulting services.  Recently Adopted
Accounting Pronouncements  The Company has adopted the Financial Accounting Standards Board
(“FASB”) Accounting Standards Codification (“ASC”) 105-10,Generally
Accepted Accounting Principles – Overall(“ASC 105-10”), which was formerly
known as SFAS 168. ASC 105-10 establishes the FASB Accounting Standards
Codification (the “Codification”) as the source of authoritative accounting
principles recognized by the FASB to be applied by nongovernmental entities in
the preparation of financial statements in conformity with U.S. GAAP. Rules and
interpretive releases of the Securities and Exchange Commission (the
"SEC") under authority of federal securities laws are also sources of
authoritative U.S. GAAP for SEC registrants.  All guidance contained
in the Codification carries an equal level of authority.  The
Codification superseded all existing non-SEC accounting and reporting standards
and all other non-grandfathered, non-SEC accounting literature not included in
the Positions or Emerging Issues Task Force Abstracts.  Instead, it
will issue Accounting Standards Updates (“ASUs”). The FASB will not consider
ASUs as authoritative in their own right.  ASUs will serve only to
update the Codification, provide background information about the guidance and
provide the basis of conclusions on the change(s) in the Codification.
References made to FASB guidance throughout this document have been updated for
the Codification.  10


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THE MOVIE
STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012  Note
2 – Summary of significant Accounting Policies (continued)  Recently Adopted
Accounting Pronouncements (continued)  In May 2011, the
Financial Accounting Standards Board (FASB) issued authoritative guidance
regardingFair Value Measurement: Amendments to Achieve Common Fair Value
Measurement and Disclosure Requirements in U.S. GAAP and IFRSs,which
resulted in common requirements for measuring fair value and for disclosing
information about fair value measurement under both U.S. GAAP and International
Financial Reporting Standards (IFRS), including a consistent definition of the
term "fair value." The amendments were effective beginning in the
first quarter of 2012, and did not have a material effect on our consolidated
financial statements.  In June 2011, the
FASB issued Accounting Standards Update 2011-05,Presentation of
Comprehensive Income. This update amended the provisions of FASB ASC 220-10
by eliminating the option of reporting other comprehensive income in the
statement of changes in stockholders’ equity. Companies will have the option of
presenting net income and other comprehensive income in a single, continuous
statement of comprehensive income or presenting two separate but consecutive
statements of net income and comprehensive income. The new presentation
requirements are effective for interim and annual periods beginning after
December 15, 2011. The adoption of this standard is not anticipated to have a
material impact on our financial statements.  In September
2011, the FASB issued Accounting Standards Update 2011-08,Testing Goodwill
for Impairment. This update amended the provisions of FASB ASC 350-20-35 by
allowing an entity the option to make a qualitative evaluation about the
likelihood of goodwill impairment to determine whether it should calculate the
fair value of a reporting unit. The amendments are effective for annual and
interim goodwill impairment tests performed for fiscal years beginning after
December 15, 2011. Early adoption is permitted, including for annual and
interim goodwill impairment tests performed as of a date before September 15,
2011, if an entity’s financial statements for the most recent annual or interim
period have not yet been issued. The adoption of this standard is not
anticipated to have a material impact on our financial statements.  The Company has reviewed all other recently issued, but not yet
adopted, accounting standards in order to determine their effects, if any, on
its results of operation, financial position or cash flows.  Based on
that review, the Company believes that none of these pronouncements will have a
significant effect on its consolidated financial statements.  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.      11


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THE MOVIE
STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012  Note
3 – Going Concern  The accompany financial
statements have been prepared on the basis of accounting principles applicable
to a going concern, which assume that Destination Television, Inc. will
continue in operation for a least one year and realize its assets and discharge
its liabilities in the normal course of operations.  Several conditions cast doubt
about the Company’s ability to continue as a going concern.   The Company has
an accumulated deficit of approximately $9.2 million as of April 30, 2011, 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.  Note 4 - Acquired Amortizable Intangible
Assets  As of October 31, 2006, the Company
invested $3,280 in establishing trademarks associated with its Bar TV concept.
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
  31,2012
 
 1502013
 
 300Thereafter
 
 280Total expected
  annual amortization expense
 $         730


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12 THE MOVIE
STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012  Note 5 - Income Taxes  The Company has approximately $9.2 million
in net operating loss carryovers available to reduce future income taxes. These
carryovers expire at various dates through the year 2031. The Company has
adopted FASB ASC Topic 740 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: April 30,
 
 October 31,2012
 
 2011Deferred tax
  asset:Net operating
  loss carryforwards
 $    4,684,288
 
 $    4,598,128Other Temporary
  differences
 -
 
 0Deferred tax
  asset
 4,684,288
 
 4,598,128Less: Valuation
  allowance
 (4,684,288)
 
 (4,598,128)Net deferred
  tax asset
 $                -
 
 $                -April 30,
 
 October 31,2012
 
 2011Statutory
  federal income tax expense
 (34)
 %
 (34)
 %State and local
  income tax
 (4)
 
 
 (4)(net of
  federal benefits)Other temporary
  differences
 -
 
 
 -Valuation
  allowance
 38
 
 
 38-
 %
 
 -
 %
   Note 6 - Commitments  Facilities


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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 $13,500 and $13,500 for each of the three months
ended April 30, 2012 and 2011, respectively.         13 THE MOVIE
STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012  Note 6 – Commitments (continued)  Employment Agreements  Gordon Scott Venters is employed as the
Company's President and Chief Executive Officer, pursuant to an employment
agreement, effective November 1, 2004.  The agreement was for an initial period
of three years, with automatic renewals of one year.  The 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 months’ salary in the event of a change of control or
termination without cause, or if the employee terminates for good reason. The
balance due Mr. Venters at April 30, 2012 and October 31, 2011 for unpaid wages
was approximately $614,097 and $547,597, respectively.  Note 7 - Payroll Taxes Payable  The Company has been delinquent in its payment of payroll
taxes. As of July 31, 2009, the total of payroll taxes payable, including
estimated interest and penalties, was $261,710. In August, October and November
2007, the Internal Revenue Service filed tax liens against the Company in the
total amount of $198,351. In August 2007, the Company made a lump-sum
payment of $48,000 and in November 2007, an additional lump sum payment of
$18,600. These payments were made in connection with the Company's submission
of an Offer in Compromise to settle its payroll tax obligations. The Offer in
Compromise was rejected and the Company appealed the initial determination
which also was rejected in June 2009. The Company plans to submit a revised
Offer in Compromise. There is no assurance that an acceptable settlement will
be reached. Payroll tax obligations for the calendar years 2007, 2008, 2009,
2010 and 2011 have been paid as required. The balance due the Internal Revenue
Service at April 30, 2012 and October 31, 2011 was approximately $354,619 and
$336,386, respectively.  Note 8 - Stockholders' Deficiency  Common Stock  Stock Issued for Cash  During three months ended April 30, 2010,
the Company issued 5,500,000 shares of common stock for $27,500.


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During fiscal year 2009, the Company issued to accredited
investors a total of 5,950,000 shares of common stock for $103,100, of which 2,950,000
shares were issued at $0.018 per share, 1,000,000 shares were issued at $0.015
and 2,000,000 shares were issued at $0.01 per share. None of the above shares have 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.       14 THE MOVIE
STUDIO, INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2012   Note 8 - Stockholders' Deficiency
(continued)  Stock Issued for Services (continued)  During periods ended April 30, 2012, the
Company did not issue any shares of common stock.  Preferred Stock  Series B Preferred Stock  The Series B Preferred Stock is identical
in all aspects to the Common Stock, 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 April 30, 2012, there were 5,750,000 shares of Series B
Preferred Stock outstanding and on October 31, 2011 there were 5,750,000 shares
outstanding. Each share of Series B Preferred Stock is convertible into one
share of common stock.  Note 9- Common Stock Options  No options or warrants were outstanding at
April 30, 2012 and October 31, 2011.  Note 10 – Litigation  As of April 30, 2012, the Company was not
a party to any existing or threatened litigation.  Note 11 -  Related Party Transactions  G0ordon Scott Venters  Effective November 2007, Gordon Scott
Venters, entered into a three-year employment agreement with the Company,
which is described above inNote 5-Commitments-Employment
Agreements. In November 2007, Mr. Venters, acquired
from the Company 2,000,000 shares of its Series B Preferred Stock 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 B Preferred Stock 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 ofapproximately $0.0051 as payment for accrued but unpaid
salary of $76,000. The shares of Series B Preferred Stock 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.


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15 THE MOVIE STUDIO,
INC. (FORMERLY DESTINATION TELEVISION, INC.) NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2011  Note 11 -  Related Party Transactions
(continued)  Gordon Scott Venters (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 ; in addition to the repayment of the $5,000 loan, the Company also
issued 500,000 of its $0.0001 par value common stock in exchange for the
$25,000 loan and accrued wages.  These shares were valued at $0.052 per share.
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. The balance due Mr. Venters for unpaid wages as of April 30, 2012 and
October 31, 2011 was $481,097 and $414,597, respectively.  Ventures
Capital Partners, LLC  In April 2011, Ventures
Capital Partners, LLC. (VCP) purchased a total debt of $1,353,420 from a
related party shareholder for an equity.  VCP is owned by the President of the
Company.  Note 12– Subsequent Events  In November 2012, the Company changed its
name from Destination Television, Inc. to the Movie Studio, Inc.  During the month of November 2012, the
Company became involved in litigation regarding the ownership of equipment left
in the building by a previous tenant.  The building serves as the corporate
headquarters for the Company.  The Company was ordered by the court to preserve
the equipment until ownership can be established by the court.  The Company has
made no claim of ownership of the equipment and expects to be dismissed from
the litigation


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16  Item 2. Management’s Discussion
and Analysis of Financial Conditions and Results of Operations  THIS FILING
CONTAINS FORWARD-LOOKING STATEMENTS. THE WORDS “ANTICIPATED,” “BELIEVE,”
“EXPECT,” “PLAN,” “INTEND,” “SEEK,” “ESTIMATE,” “PROJECT,” “WILL,” “COULD,”
“MAY,” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
STATEMENTS. THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING
FUTURE OPERATIONS, FUTURE CAPITAL EXPENDITURES, AND FUTURE NET CASH FLOW. SUCH
STATEMENTS REFLECT THE COMPANY’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS
AND FINANCIAL PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, INCLUDING,
WITHOUT LIMITATION, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN FOREIGN,
POLITICAL, SOCIAL, AND ECONOMIC CONDITIONS, REGULATORY INITIATIVES AND
COMPLIANCE WITH GOVERNMENTAL REGULATIONS, THE ABILITY TO ACHIEVE FURTHER MARKET
PENETRATION AND ADDITIONAL CUSTOMERS, AND VARIOUS OTHER MATTERS, MANY OF WHICH
ARE BEYOND THE COMPANY’S CONTROL. SHOULD ONE OR MORE OF THESE RISKS OR
UNCERTAINTIES OCCUR, OR SHOULD UNDERLYING ASSUMPTIONS PROVE TO BE INCORRECT,
ACTUAL RESULTS MAY VARY MATERIALLY AND ADVERSELY FROM THOSE ANTICIPATED,
BELIEVED, ESTIMATED, OR OTHERWISE INDICATED. CONSEQUENTLY, ALL OF THE
FORWARD-LOOKING STATEMENTS MADE IN THIS FILING ARE QUALIFIED BY THESE
CAUTIONARY STATEMENTS AND THERE CAN BE NO ASSURANCE OF THE ACTUAL RESULTS OR
DEVELOPMENTS.  The following
discussion and analysis of our financial condition and plan of operations
should be read in conjunction with our financial statements and related notes
appearing elsewhere herein. This discussion and analysis contains
forward-looking statements including information about possible or assumed
results of our financial conditions, operations, plans, objectives and
performance that involve risk, uncertainties and assumptions. The actual
results may differ materially from those anticipated in such forward-looking
statements. For example, when we indicate that we expect to increase our
product sales and potentially establish additional license relationships, these
are forward-looking statements. The words expect, anticipate, estimate or
similar expressions are also used to indicate forward-looking statements.  Plan of Operation  The Movie Studio, Inc. F/K/A Destination
Television, Inc. (the "Company" or the "Registrant") was
incorporated 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 andsettling
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.


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17 Results of Operation  Three months
ended April 30, 2012 compared with three months ended April 20, 2011.  Revenue  The
Company had no revenues for the three months ended April 30, 2012 and 2011.  Expenses  For the three month period
ended April 30, 2012 and 2011 selling snd administrative expenses were $33,964
and $33,964, respectively.  Other  For the three months ended April
30, 2012 and 2011, the Company reported interest expense of $9,116 and $4,593,
respectively, a increase of $4,593(100%).  Six months
ended April 30, 2011 compared with six months ended April 20, 2010.  Revenue  The
Company had no revenues for the six months ended April 30, 2012 and 2011.  Expenses  Selling, general and
administrative expenses decreased $13,500 from $81,428 to $67,928 for the six
months ended April 30, 2012, as compared to the same period in 2011. These
decreases were primarily due to the Company’s decreasing payroll costs.  Other  For the six months ended April
30, 2012 and 2011, the Company reported interest expense of $18,232 and $24,784,
respectively, a decrease of $6,552(26.4%), primarily due to a reduction of
outstanding debt.  Liquidity and Capital Resources  As of April 30,
2012 the Company had assets of $6,045 as against total liabilities of $2,369,444.The Company has an accumulated deficit of
approximately $9.2 as of April 30, 2012, has no cash available for payment of
operating expenses, no source of revenue, and requires additional financing in
order to finance its business activities on ongoing basis. The Company’s future
capital requirements will depend onnumerous 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.


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Item  3.Quantitative and Qualitative Disclosures About Market Risk  Not applicable.    18 Item 4. Controls and Procedures  (a)           Evaluation of disclosure
controls and procedures.  Our management is responsible
for establishing and maintaining adequate internal control over financial
reporting for the Company. Internal control over financial reporting is defined
in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of
1934 (Exchange Act) as a process designed by or under the supervision of, our
principal executive and principal financial officers and effected by our 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 generally
accepted accounting principles and includes those policies and procedures that:  Pertain
to the maintenance of records that is in reasonable detail accurately and
fairly reflect the transactions and dispositions of our assets  Provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the Company are
being made only in  accordance with authorizations of our management and
directors: 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. Also, 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.  Management assessed the
effectiveness of the Company’s Internal Control over financial reporting as of April
30, 2012. In making this assessment, management used the criteria set forth by
the Committee of Sponsoring Organizations of the Treadway Commission in this
Internal Control-Integrated Framework.  Base on our assessment, we
believe that, as of April 30, 2012 our internal control over financial
reporting was not effective.  Evaluation
of Disclosure Controls and Procedures  We maintain disclosure
controls and procedures (as defined in Rules 13a-15(f) and 15d-15(f) under the
Exchange Act) that are designed to ensure that information required to be
disclosed in the reports we file or submit under the Exchange Act is recorded,
processed, summarized and reported within the time periodsspecified
in the SEC’s rules and forms, and that such information is accumulated and
communicated to our management, including our chief executive officer and chief
financial officer, as appropriate to allow timely decisions regarding
disclosure.  In designing and evaluating the disclosure controls and
procedures, management recognized that any controls and procedures, no matter
how well designed and operated, can provide only reasonable assurance of
achieving the desired control objectives, and management necessarily was required
to apply its judgment in evaluating the cost-benefit relationship of possible
controls and procedures.


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19 Our
management, with the participation of our chief executive officer and chief
financial officer, has evaluated the effectiveness of our disclosure controls
and procedures as of April 30, 2012.  Based on their evaluation, our chief
executive officer and chief financial officer have concluded that, as of April
30, 2012, our disclosure controls and procedures were not effective.  (b)            Changes in internal controls.  There have not been any
changes in the Company’s internal control over financial reporting (as such
term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during
the quarter ended January 31, 2010 that have materially affected, or are
reasonably likely to materially affect, the Company’s internal control over
financial reporting.  PART
II - OTHER INFORMATION  Item 1.      Legal Proceedings  During the month of November 2012, the Company became involved in
litigation regarding the ownership of equipment left in the building by a
previous tenant.  The building serves as the corporate headquarters for the
Company.  The Company was ordered by the court to preserve the equipment until
ownership can be established by the court.  The Company has made no claim of
ownership of the equipment and expects to be dismissed from the litigation.  Item 2.     Unregistered
Sales of Equity Securities and Use of Proceeds  During the six month period ended April 30, 2012, there was no
modification of any instruments defining the rights of holders of the Company’s
common stock and no limitation or qualification of the rights evidenced by the
Company’s common stock as a result of the issuance of any other class of securities
or the modification thereof.  Item 3.     Defaults
upon Senior Securities  There have been no defaults in any material payments during the
covered period.  Item 4.     Mine
Safety Disclosures  Not applicable.  Item 5.     Other
Information  The Company does not have any other material information to report
with respect to the three and six month periods ended April 30, 2012.


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Item
6.  Exhibits and Reports on Form 8-K  (a)Exhibits  33.1
Certification pursuant to Section 302 of Sarbanes Oxley Act of  2002   33.2
Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002  (b)Reports on
Form 8-K  No
reports on Form 8-K were filed during the quarter ended April 30, 2012.  20 SIGNATURES  In accordance with the
requirements of the Exchange Act, the registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.   THE MOVIE STUDIO, INC.  Date:  July 29, 2013  /s/ Gordon Scott
Venters Gordon Scott Venters President, Secretary and
Director


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21 EXHIBIT 33.1   CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002  I, Gordon Scott Venters,
certify that:  1.I have reviewed this Quarterly
Report on Form 10-Q of The Movie Studio, 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 issuer’s 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 13a-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 principles; (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 fiscalquarter (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


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5.The small business issuer’s other
certifying officer(s) and I have disclosed, based on our most recent evaluation
of internal control over financialreporting,
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):    22 (a)All significant deficiencies and
material weaknesses in the design or operation of internal control over
financial reporting which are reasonably 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:  July 29, 2013  /s/ Gordon Scott
Venters Gordon Scott Venters Chief Executive Officer Chief Accounting Officer


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23 EXHIBIT 33.2  CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002  In connection with this
Quarterly Report of The Movie Studio, Inc. (the “Company”) on Form 10-Q for the
period ending April 30, 20112, as filed with the Securities and Exchange
Commission on the date hereof (the “Report”), I, Gordon Scott Venters, Chief
Executive Officer and Chief Accounting Officer of the Company, certifies to the
best of his knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 that:  1.The Report 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 the
Report fairly presents, in all material respects, the financial condition and
result of operations of the Company.  By:/s/ Gordon Scott
Venters Gordon Scott Venters Chief Executive
Officer Chief Accounting
Officer  Dated:  July 29, 2013


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24