Monday, June 26, 2017 7:59:44 AM
Mr. Falcones added, "The main focus of the Company's distribution efforts is in licensing, where the Licensor will Pay a fee upfront based on how many subscribers they have or a subscriber projection. It also includes a monthly royalty per subscriber anywhere from $3-4 dollars recurring. In the case of a larger cable company that has 20 million subscribers paying Viva $3 dollars a month in royalties could add up to $60 million dollars a month in revenue from a single customer. Viva is in discussions with multiple organizations including cable companies that have expressed interest in white label licensing agreements for the rollout of the Company's OTTV service. As previously announced, the Company has partnered with Oi2 Media. Oi2, the country's largest provider of Latino focused content and services to major broadcast and digital media companies such as iHeart Media and Univision Radio is jointly working with Viva to roll out a brand new OTTV service to their subscriber base. Users will have access to over 1000 live streaming premium and independent TV Networks, 2000 radio stations and over 7,500 videos on demand. Joint marketing efforts will come from commercials advertising the availability of the product on 2000 radio stations at the joint venture's disposal. The joint venture is targeting to generate a minimum of 2 subscribers a day paying anywhere from $9.99-39.99 times 2000 radio stations which equals 120,000 subscribers a month. VIVA and Oi2 Media's combination exceeds a monthly reach of 2.5 billion people, 121.7M monthly socially media engaged users, 100 million social media followers, 33.5 million social media referrals and over 300 thousand e-mail subscribers to begin with."
Several deals will be coming over the next few quarters, as we get into next year we could be looking at huge gains.
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