Moovly Media Inc. (MVVYF)

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MOOVLY INCREASES STREAMING BANDWIDTH TO SUPPORT OVER 3 MILLION USERS

MOOVLY INCREASES STREAMING BANDWIDTH


Vancouver, BC – January 26, 2021 – Moovly Media Inc. (TSX VENTURE: MVY) (OTCPK: MVVYF) (FRANKFURT: 0PV2) (“Moovly” or the “Company”) is pleased to announce an increase in bandwidth and enhanced support to its browser-based platform that now serves more than three million users, including more than 300 of the Fortune 500 companies, as well as many government agencies. Moovly has seen a dramatic increase in traffic of video streaming recordings from its enterprise users combined with a significant increase in bandwidth use from short-form video and social media platforms such as Vimeo, Facebook, Tik-Tok, Instagram, Twitter, and Snapchat.

As COVID-19 has changed how businesses, individuals and education environments function, demand to efficiently deliver video-based online content, including webinars, lessons and keynotes, has skyrocketed. These videos are often consumed asynchronously: users view them at a later stage and often in multiple sessions. Organizations often enrich these recorded sessions with subtitles, transcripts, translations, animated visuals and footage – all of which can be done within the Moovly platform.

Brendon Grunewald, CEO of Moovly, commented, “COVID-19 has forced organizations to replace their live lessons, seminars and events by online versions, resulting in hours of recorded videos offered via online video platforms. Increasingly, audiences expect such video content to be offered in enhanced, attractive and compelling ways. We have therefore increased Moovly’s capability to process large video files through the user’s browser, by implementing streaming technologies. Moovly’s users can now edit and enhance hours-long video content without requiring specialist and expensive hardware”.