****((((THE ULTIMATE REASON BEHIND THE INCREASING THE A/S... PENDING MERGE UNDER AGREEMENT... Last year VIVA Entertainment Group Enters into Joint Venture with Oi2 Media Corp, Country's Largest Provider of Latino Focused Content...
Under the agreement, the two Companies have formed a special purpose Company called "Oi2 TV, LLC" with Oi2 owning 51% and Viva owning 49%. The purpose of the venture is for both Companies to collaboratively engage in the marketing, sales, and distribution of next generation IPTV subscriptions to Oi2 Media Corp subscribers.
This is a very important missing piece of the puzzle. Only now is come to light because as part of the Agreement, Viva will make capital contributions in the following manner: Viva backend technology and OTT platform, Channel lineup and content initially consisting of Linear channels and VOD, customized Android and Apple IOS apps for OTT, billing and provisioning API, billing and provisioning API, and more. This was an original plan signed last year between the two company. As to date VIVA finally manages to fulfill the initial term of the agreement.
The increasing a/s is a must for the merge. Therefore, I view this is a very good news. It's indicated they are getting ready to move forward to finalize the MERGER.
THIS IS AN AGREEMENT WAS ANNOUNCE LAST YEAR.
According to the term of the agreement.
"The capital contributions from Oi2 TV will include: Sales to new and existing Oi2 listeners, data center and warehousing, marketing and promotions (Radio, TV, Social Media, Billboards), content live TV and VOD, and more. As part of the venture, VIVA will provide to Oi2 TV with a string of live TV channels for a subscription based service that will be marketed via the Oi2 Media App. THE INCREASING THE A/S ALLOW Oi2 MEDIA OWNING 51% AND VISA OWNING 49%. IF THE MERGE IS FINALIZE. WE INSTANTLY TAP INTO A MONTHLY REACHING 4.5 BILLION PEOPLE. THIS IS BEYOND MY IMAGINATION...
A combined effort with a rooted focus on bottom line revenues along with the venture's monthly reach of hundreds of millions of people engaged with the content via traditional and social media outlets is certainly a proposition for VIVA's sustainable income and growth." VIVA and Oi2 Media's combination exceeds a monthly reach of 4.5 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. "With an integration team and sales force of several dozens, we're targeting the launch for midsummer," concluded Mr. Falcones.
YUP!!!! THEY ARE ON TARGET...
WE'RE TARGET THE LAUNCH FOR MIDSUMMER.
FOR A FULL DETAIL OF MERGE AGREEMENT READ THE OLD NEWS BELOW...