VANCOUVER, BC, July 19,
2023 /PRNewswire/ - BBTV Holdings Inc. (TSX:
BBTV) (OTCQX: BBTVF) (Frankfurt:
64V) ("BBTV" or the "Company"), the leading creator monetization
company with a mission to help creators become more successful,
today announced it has signed a Content Management deal with a top
US commercial television network.
- BBTV will manage digital channels for the network featuring
several well-known Intellectual Properties (IPs) in the
entertainment vertical, building digital generation audiences for
the television network.
- The deal follows several prominent signings so far in 2023,
including a top global film studio and a multinational
entertainment and record label conglomerate.
- BBTV continues to successfully convert some of its most
substantial deals ever from the largest Content Management pipeline
in the Company's history as it executes its strategic alignment
around large enterprise-based, high margin Plus Solutions.
"Audiences are increasingly native to digital, and as a result
we're seeing more and more global brands looking to build
audience-first strategies on digital platforms across the Google
and Meta ecosystems," comments Lewis
Ball, Chief Strategy Officer, BBTV. "What makes BBTV
particularly exciting for these partners is our long history of
driving significant success with some of the most well-known IPs in
the business. Our expertise and knowledge attract large
entertainment and media enterprises who need to maximize their
audience reach and digital value. When our experts take the reins
of clients' valuable IP, our clients know they're giving the keys
to an established veteran in the industry that's pairing nearly two
decades of knowledge and expertise with innovative solutions that
enable growth at the scale of the digital video economy."
Content Management is an important part of the Company's Plus
Solutions business and represents a significant portion of the
segment revenue, which surpassed $50
million in 2022. Plus Solutions revenue is expected to grow
by at least 30% again in 2023 and represents a key revenue stream
for BBTV's path to profitability.
About BBTV
BBTV is a global media company
headquartered in Vancouver,
Canada. The Company has been redefining video entertainment
since 2005 through the lens of the world's most influential
creators. With the world's only comprehensive tech-powered solution
for creators, brands and media companies to succeed in the massive
and growing creator economy, BBTV reaches 600 million unique
viewers every month across every major digital platform. [1].
(www.bbtv.com)
[1] Comscore's "Top 12 Countries = December 2022 comScore Video Metrix Media Trend –
Multi-Platform – Top 100 Video Properties Report"; Top 12 countries
represent ~50% of world's digital population.
Links to SEDAR filings, conference call recordings and press
releases are available on the investor website at:
https://investors.bbtv.com/
Forward Looking Statements
This press release contains
"forward–looking information" and "forward-looking statements"
within the meaning of applicable securities laws (collectively,
"forward-looking information"). Forward-looking information is not
information about historical facts but instead represents the
Company's intentions, beliefs, plans, goals, objectives and
strategies regarding future events and results. Forward-looking
information contained in this press release includes statements
that Plus Solutions revenue is expected to grow by at least 30%
again in 2023 and represents a key revenue stream for BBTV's path
to profitability. Forward-looking information is necessarily based
on a number of estimates and assumptions that the Company
considered appropriate and reasonable as of the date such
information is given, including but not limited to the Company's
assumptions that the Company will continue to acquire new customers
for its Content Management services and to retain existing
customers; views and RPMs will improve; there will be no changes in
general industry, market and economic conditions adverse to the
Company; the Company will receive additional financing on a timely
basis; Plus Solutions revenue will grow as expected in 2023 and
that the Company will realize an accelerated path to profitability.
Forward-looking information is subject to known and unknown risks,
uncertainties, and other factors, many of which are beyond the
Company's control, that may cause actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to the risk that the Company's assumptions on which its
forward-looking information is based may not be accurate; the
effect of competition; the Company's significant reliance on
its relationship with one digital platform; the Company has a
history of losses and negative cash flow; the Company's need for
additional capital; and the impact of the continuing COVID-19
pandemic; as well as the factors discussed under "Risk Factors" in
the final prospectus of the Company dated October 22, 2020, and in its Annual Information
Form dated March 31, 2023 filed on
sedar at www.sedar.com and in the Company's other filings with the
Canadian securities regulatory authorities at www.sedar.com. The
Company does not undertake any obligation to update any
forward–looking information, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
For further information please contact:
Media
Relations: pr@bbtv.com
Investor Relations: ir@bbtv.com
BBTV-C
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SOURCE BBTV Holdings Inc.