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BBTV Holdings Inc. (BBTVF) is a global media and technology company based in Vancouver, Canada, with a mission to empower content creators of all sizes. The company offers end-to-end solutions to boost viewership and revenue, driven by innovative technology. BBTV caters to a diverse range of creators, from individuals to major media brands, allowing them to focus on content creation while the company handles the rest. With over 600 million unique monthly viewers worldwide and more than 35 billion minutes of video content consumed, BBTV is a prominent player in the digital media landscape.
On March 9, 2022, BBTV Holdings announced the engagement of Thomas Hughes, a former Lionsgate executive, as a strategic consultant for its Content Management division. This move aims to strengthen BBTV's Plus Solutions, leveraging Hughes' extensive experience in media and digital distribution. He has previously negotiated key agreements with major digital platforms and media companies. BBTV highlights its strong partnerships with notable brands like The NBA and Sony Pictures, emphasizing the importance of content management in enhancing its service offerings.
BBTV Holdings Inc. (OTCQX: BBTVF) has launched a new mobile game, Jackass Human Slingshot, in collaboration with Paramount Licensing and Johnny Knoxville, coinciding with the release of Jackass Forever. This marks BBTV's 14th mobile game and its first partnership with a major media company. The game has generated over 40 million downloads with an average rating of 4.6/5. BBTV's mobile games are monetized through advertising and in-app purchases, contributing to a total of over 1 billion ad impressions across its app portfolio.
BBTV Holdings Inc. has launched its Pay To Crypto solution, enabling creators to receive earnings in popular cryptocurrencies including Bitcoin, Ethereum, and USD Stablecoin. This marks a significant advancement in creator monetization, being the first of its kind to facilitate cryptocurrency payments at scale. The program is offered at a competitive fee and utilizes the Netcoins platform, supported by a non-exclusive agreement with BIGG Digital Assets Inc. The introduction of this service aims to enhance creators' financial options and diversify their income.
BBTV Holdings Inc. (OTCQX: BBTVF) has announced the appointment of John Kim as an independent director and the promotion of Lewis Ball, Doug Johnson, and Blake Corbet to various C-suite positions. John Kim brings over 20 years of experience in capital markets and entrepreneurship. Lewis Ball will now serve as Chief Strategy Officer, Doug Johnson as Chief of Ad Sales, and Blake Corbet as Chief Corporate Development Officer. BBTV now has a board of six members, with five being independent, aiming to enhance its strategic direction and business growth.
BBTV Holdings, a media tech company, reported a Q3 2021 revenue of $113.3 million, experiencing a 6% decline year-over-year, yet achieved a significant 23% growth in Plus Solutions revenue, reaching $9.2 million. Adjusted Gross Margin improved to 95.6%, while BBTV Share remained stable at $9.4 million. The company closed the quarter with $25.9 million in cash. Noteworthy operational highlights included partnerships with major networks and talent agencies, aiming to enhance content creator monetization. BBTV anticipates sustained growth in Plus Solutions and estimates annual Adjusted EBITDA profitability by 2022.
BBTV Holdings has launched BBTV Fast Pay, a service that expedites monthly revenue share payments to creators from 45 days to 15 days, providing them with up-front capital for growth. Initially funded by a recent agreement with Spotter for up to US$125 million, of which $18 million has already been deployed, this service aims to enhance creator monetization. Additionally, BBTV is exploring cryptocurrency as a payment option, making it one of the first media companies to offer such a solution. This initiative is expected to boost gross profits and support creators in scaling their businesses.
BBTV Holdings Inc. (OTCQX: BBTVF) announced the appointment of Ehab Samy as VP, Product and Engineering for its subsidiary, BroadbandTV Corp, effective January 1st. Ehab brings over 20 years of experience in product leadership, previously serving at Maximizer Software and other tech firms. CEO Shahrzad Rafati highlighted Ehab's innovative perspective as vital for advancing BBTV's mission to support content creators. The company aims to leverage Ehab's expertise to enhance its technology solutions in a rapidly evolving landscape.
BBTV Holdings (TSX: BBTV, OTCQX: BBTVF) will announce its Q2 2021 financial results on November 10, 2021, after market close. A conference call will take place on the same day at 2:15 PM PT / 5:15 PM ET, hosted by Shahrzad Rafati and Ben Groot, followed by a Q&A session. The call can be accessed via several dial-in numbers across different locations. For further insights, an Investor Highlights presentation will be available. The company aims to aid creators in enhancing their success, boasting significant viewership metrics from January 2021.
BBTV Holdings Inc. (OTCQX: BBTVF) has appointed Ben Groot as Chief Financial Officer, effective immediately. Groot, who has been with BBTV for nearly eight years, previously served as Acting CFO. His extensive experience in finance and the media industry positions him well for driving the company's growth. The leadership change comes as BBTV continues to develop market-leading solutions to enhance creator monetization. Groot expressed enthusiasm for the company's ongoing efforts to expand revenue opportunities and unlock value for stakeholders.
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