Loop Media Announces the Debut of Additional Latino Content Channels for Businesses

Rhea-AI Summary

Loop Media adds Latino-focused content to its Loop TV platform for businesses, targeting the Hispanic U.S. business community. Loop TV's Latino-focused channels include Latin Hits, Latin Indie, Latin Kids, Latin Pop, Latin Super Channel, Latino Tropical, Live: Latin, Mood Boost Latin, Cinco de Mayo, and Mexican Restaurant. Loop Media plans to add more Latino-focused content in the future.

Positive

• Loop Media targets growing demand for premium Latino-focused in-venue entertainment content
• Loop TV platform helps Hispanic-owned businesses by eliminating monthly in-venue cable or satellite entertainment costs

Negative

• None.

Leading In-Venue Entertainment Provider Adds Latino-focused Content for Businesses as Part of Highly Customizable Overall Offering

GLENDALE, Calif.--(BUSINESS WIRE)-- Loop Media, Inc. (NYSE American: LPTV), the free streaming television media company for businesses which provides over 2 billion video views every month via restaurants, retail businesses, office buildings, doctors’ offices, airports, bars and college campuses, announced today it has added the Mexican Restaurant Channel, the Mood Boost Latin Channel and the Cinco de Mayo Channel (where every day can be a celebration) to its Latino-focused channels on the Company’s Loop TV platform.

Loop Media, which currently has over 71,000 screens in North America, has seen a growing demand for premium Latino-focused in-venue entertainment content for the Hispanic U.S. business community.

“This new offering is yet another opportunity for Loop to dig deeper into a great category and delight our business customers—and in turn, their in-venue patrons—with a robust and authentic Hispanic experience,” said Jon Niermann, CEO of Loop Media. “According to SCORE, a non-profit that has helped over 11 million aspiring entrepreneurs since 1964, there were over 5 million Hispanic-owned businesses in the United States in 2022, and 42.3% of those businesses have reported cash flow as a major concern. The Loop TV platform helps these businesses by eliminating monthly in-venue cable or satellite entertainment costs while providing a superior premium customer entertainment experience,” Niermann continued.

Loop TV’s Latino-focused channels now include:

• Latin Hits - Essential Spanish language pop and reggaeton hits (from the 2000s to today)

• Latin Indie - Chill, indie pop/rock Spanish language hits (from the 2000s to today)

• Latin Kids - Family-friendly cover versions and originals in Spanish

• Latin Pop - PG-Rated, mid-up-tempo Spanish language pop (from the 1990s to today)

• Latin Super Channel - Genre-defining Latin hits (every decade to today)

• Latino Tropical - Dynamic mix of Salsa, Bachata, Cumbia, and Merengue (from the 1980s to today)

• Live: Latin - Live performances by Latin superstars (from the 1960s to today)

• Mood Boost Latin - Feel-good Spanish language pop ballads (from the 1980s to today)

• Cinco de Mayo - Feel-good videos to celebrate Cinco de Mayo every day of the year (from the 1970s to today)

• Mexican Restaurant - Music from Mexico - mariachi, banda, Norteño, pop/rock

Loop Media will be adding additional Latino-focused content to its offering in the coming months.

“This Latino premium content bundle allows the Hispanic business community to offer specific language and relevant cultural content to US Hispanic consumers, which in turn will elevate the customer experience and potentially increase in-venue time spent and dollars spent,” said David Wellisch, CEO and Co-Founder of The Collage Group, the leading Cultural Insights Technology Company. “By providing a culture focused approach, Loop Media is demonstrating that it understands that all businesses need to focus on their customers and making the in-venue experience the best it can be.”

Manny Flores, owner-operator of Que Hospitality Group, offering globally inspired Mexican comfort flavors at Que Onda, in the Plaza Midwood community of Charlotte, NC, said, "I'm thrilled to see Loop’s new content offering become available for us to use at our five locations. We look forward to bringing great Hispanic content to our customers as another dimension of our welcoming, authentic, culturally rich environment."

The Mexican Restaurant Channel, the Cinco de Mayo Channel and the Mood Booster Latin Channel premiered on Loop TV platform in August.

About Loop Media, Inc.

Loop Media, Inc. (“Loop Media”) (NYSE American: LPTV) is a leading digital out of home (DOOH) TV and digital signage platform optimized for businesses, providing free music video, news, sports, and entertainment channels through its Loop TV service. Loop Media is the leading company in the U.S. licensed to stream music videos to businesses through its proprietary Loop Player.

Loop Media’s digital video content reaches millions of viewers in DOOH locations including bars/restaurants, office buildings, retail businesses, college campuses, airports and on free ad-supported TV platforms and at local gas stations on GSTV terminals in the United States.

Loop is fueled by one of the largest and most important short form entertainment libraries that includes music videos, movie trailers and live performances. Loop Media’s non-music channels cover a multitude of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, and from subscriptions.

To learn more about Loop Media products and applications, please visit us online at Loop.tv

Follow us on social:

Instagram: @loopforbusiness

X (Twitter): @loopforbusiness

LinkedIn: https://www.linkedin.com/company/loopforbusiness/

Safe Harbor Statement and Disclaimer

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, Loop Media’s expected 2023 results, ability to compete in the highly competitive markets in which it operates, statements regarding Loop Media’s ability to develop talent and attract future talent, the success of strategic actions Loop Media is taking, and the impact of strategic transactions. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Loop Media believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. Loop Media takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by Loop Media. Loop Media’s SEC filings are available at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230907679287/en/

Loop Media Investor Contact

James Cerna, Head of Capital Markets

ir@loop.tv

Loop Media Press Contact – PhillComm Global PR Agency

Jon Lindsay Phillips

jon@phillcomm.global

Source: Loop Media, Inc.