Welcome to our dedicated page for BBTV Holdings news (Ticker: BBTVF), a resource for investors and traders seeking the latest updates and insights on BBTV Holdings stock.
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.
BBTV Holdings Inc. has announced a strategic partnership with Spotter, committing up to US$125 million to enhance creator monetization opportunities. This collaboration aims to empower creators by providing upfront cash for their existing content, with Spotter having already invested about US$18 million. The deal is expected to generate a 100% gross margin revenue stream for BBTV, contributing millions to its financials. With BBTV's library reaching over 600 million unique monthly viewers, this initiative is projected to significantly bolster creator growth and overall company revenue.
BBTV Holdings (OTCQX: BBTVF) has launched Rights Management solutions for live events, enhancing its Content Management offerings. This new solution provides businesses with the ability to generate more viewership and revenue from live content, capitalizing on the growing digital live streaming market, projected to reach $184.3 billion by 2027. BBTV has previously piloted this service with clients such as Premier Boxing Champions and aims to protect intellectual property while increasing revenue from significant events.
BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF) has partnered with 3BLACKDOT to enhance content management solutions for top content creators. This collaboration aims to boost revenue generation by managing fan engagement through rights management for 3BLACKDOT's extensive content library, which generates over 4 billion views monthly in entertainment and gaming. BBTV highlights that content management is a key growth area, providing high gross margins, and the partnership is expected to create new monetization opportunities efficiently.
BBTV Holdings Inc. has announced a significant partnership between its subsidiary, YoBoHo New Media, and The Orchard, a Sony Music subsidiary, to enhance the distribution and monetization of its kids' music library, including popular IPs like HooplaKidz. The collaboration aims to leverage The Orchard's global reach to present YoBoHo's extensive collection of kids' songs across multiple platforms. This strategic alliance is expected to increase revenue opportunities and extend the audience for YoBoHo's content, reflecting BBTV's commitment to empowering content creators.
BBTV Holdings Inc. (OTCQX: BBTVF) announced the start of its Normal Course Issuer Bid (NCIB) on August 20, 2021, intending to purchase up to 714,649 subordinate voting shares, representing 5% of its outstanding shares. BBTV believes this initiative will stabilize its market and reflects the shares' undervalued status. Appointed broker Eight Capital will manage the NCIB, which will last for one year until August 19, 2022. The average daily trading volume is noted at 70,325 shares.
BBTV Holdings Inc. (OTCQX: BBTVF) announced a significant expansion of its Content Management business through a new partnership with a top 3 major US news network and cable channel. This development is part of BBTV's Plus Solutions, which reported a 65% revenue increase in Q2 2021 compared to Q2 2020. The company supports creators from all sizes, including enterprise clients like the NBA and Sony Pictures. BBTV's solutions aim to enhance creators' monetization and digital audience engagement, marking a key growth trajectory for the company.
BBTV Holdings Inc. reported strong Q2 2021 results, with total revenue rising by 24% to $118.1 million, driven by a 65% increase in Plus Solutions revenue. Gross Profit climbed 22% to $9.2 million, supporting a robust adjusted gross margin of 95%. Despite a net loss of $4.3 million, an improvement from $6.4 million in Q2 2020, BBTV anticipates reaching Adjusted EBITDA positivity by next year. The company continues to expand operations and solidify its position in the creator economy.
BBTV Holdings Inc. (OTCQX: BBTVF) reported significant growth in creator monetization, generating 5.5 billion monthly views on YouTube Shorts as of H1'21. This increase is attributed to notable creator signings and reflects YouTube Shorts' rapid expansion, now with over 15 billion daily views. YouTube's Q2 2021 revenue hit $7 billion, up 84% year over year. BBTV continues to support creators, with over 500 generating more than $100K annually and over 100 earning over $500K in 2020, enhancing monetization opportunities through its solutions.
BBTV Holdings Inc. will be presenting at Canaccord Genuity's 41st Annual Growth Conference on August 12th at 6:30am PST/9:30am EST. Shahrzad Rafati, Chairperson and CEO, will represent the company, which focuses on helping creators monetize their content. The conference runs from August 10th to 12th, offering insights into public and private companies across sectors. BBTV, headquartered in Vancouver, Canada, had over 600 million unique monthly viewers in January 2021, the second-highest among digital platforms.
FAQ
What is the market cap of BBTV Holdings (BBTVF)?
Where is BBTV Holdings Inc. headquartered?
What is the mission of BBTV Holdings Inc.?
How many unique monthly viewers does BBTV Holdings Inc. have globally?
What sets BBTV Holdings Inc. apart in the digital media industry?
What is the core focus of BBTV Holdings Inc.?
