Loop Media, Inc. Announces Strategic Partnership with Outpatient Imaging Affiliates to Enhance Patient Experience in Imaging Centers Nationwide

Rhea-AI Summary

Loop Media, a prominent multichannel streaming CTV platform, has announced a strategic partnership with Outpatient Imaging Affiliates (OIA), a key developer and operator of outpatient imaging centers. This collaboration aims to enhance patient experiences by providing curated streaming content and digital signage for OIA’s waiting rooms. OIA, which partners with prestigious health systems and operates 62 clinics, serves over 10 million patients annually. The partnership intends to make patient visits more engaging and informative, improving communication and reducing stress through Loop Media's advanced digital solutions.

Positive

• Loop Media's partnership with OIA extends its footprint into the medical sector, potentially increasing its market reach.
• The collaboration aims to enhance patient experience through engaging content and improved communication, adding value to Loop Media's services.

Negative

• None.

GLENDALE, Calif.--(BUSINESS WIRE)-- Loop Media, Inc. ("Loop Media") (NYSE American: LPTV), a leading multichannel streaming CTV platform that provides curated music videos, sports highlights, news, premium entertainment channels, and digital signage for businesses, and Outpatient Imaging Affiliates (OIA), a leading developer and operator of outpatient imaging centers, are thrilled to announce a strategic partnership designed to enhance the patient experience in imaging centers nationwide, further expanding Loop’s footprint with medical-related venues across the nation.

OIA collaborates with healthcare providers, including health systems, academic medical centers, and radiology groups, to develop, market, and manage high-quality, patient-friendly, service-oriented outpatient imaging centers. Well-known health system partners include MedStar Health, UVA Health, Vanderbilt Health, Jefferson Health, and UCONN Health. OIA operates 62 hospitals and clinics, serving over 10 million patients annually.

By investing equity alongside local partners, OIA provides its joint ventures with comprehensive development, management, marketing, billing, and additional services. OIA's imaging centers range from single to full-modality facilities, offering various services such as PET/CT, MRI, CT, ultrasound, mammography, nuclear medicine, bone densitometry (DEXA), and plain film X-ray procedures.

Loop Media, Inc. will provide streaming content and digital signage for OIA's imaging center waiting rooms as part of this partnership. This initiative aims to enhance the patient experience by offering engaging content and improving communication through digital signage, which displays vital information while patients wait for their procedures.

"We are excited to partner with Loop Media, Inc. to bring a new level of service to our patients," said Devon Bloom, Chief Operating Officer of Outpatient Imaging Affiliates. "By incorporating Loop's advanced digital signage solutions, we aim to create a more informative and enjoyable environment for those visiting our centers during what could be a stressful time."

"We are thrilled to collaborate with OIA, a leader in the outpatient imaging sector," said Tara Kolakowski, Head of Enterprise Business Development for Loop Media, Inc. "Our streaming content and digital signage will provide more engaging content to patients, enhancing their overall experience, and our digital signage will allow locations to inform patients on important information with ease. Making patient visits better and employees' jobs easier."

Please visit OIA's website for more information about Outpatient Imaging Affiliates and their services.

About Outpatient Imaging Affiliates

Outpatient Imaging Affiliates partners with healthcare providers to develop, market, and operate patient-friendly, service-oriented outpatient imaging centers. OIA invests equity in each project alongside its local partners, providing comprehensive development, management, marketing, billing, and collection services.

About Loop Media, Inc.

Loop Media, Inc. ("Loop®") (NYSE American: LPTV) is a leading connected television (CTV) / streaming / digital out-of-home TV and digital signage platform optimized for businesses, providing music videos, 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® TV’s digital video content is streamed to millions of viewers in CTV / streaming / digital out-of-home locations including bars/restaurants, office buildings, retail businesses, college campuses, airports, among many other venues in the United States, Canada, Australia, and New Zealand.

Loop® TV is fueled by one of the largest and most important premium short-form entertainment libraries that includes music videos, movie trailers, branded content, and live performances. Loop Media’s non-music channels cover a wide variety 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 programmatic and direct advertising, and 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 performance, 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 Securities and Exchange Commission filings are available at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626360110/en/

Loop Media Press Contact

Grant Genske

grant@loop.tv

OIA Press Contact

Cassie Stone

cstone@oiarad.com

Source: Loop Media, Inc.

FAQ

What is the recent partnership announced by Loop Media (LPTV)?

Loop Media has announced a strategic partnership with Outpatient Imaging Affiliates to enhance patient experiences at imaging centers nationwide with curated streaming content and digital signage.

How will Loop Media's partnership with Outpatient Imaging Affiliates benefit patients?

The partnership aims to enhance patient experiences by providing engaging content and improving communication in waiting rooms through digital signage, which could reduce stress and make visits more enjoyable.

What kind of content will Loop Media provide to Outpatient Imaging Affiliates' imaging centers?

Loop Media will provide curated streaming content, including music videos, sports highlights, news, and digital signage, to improve patient communication and experience in the waiting rooms.

How many patients does Outpatient Imaging Affiliates serve annually?

Outpatient Imaging Affiliates serves over 10 million patients annually.

What is the stock symbol for Loop Media?

The stock symbol for Loop Media is LPTV.

What are the services provided by Outpatient Imaging Affiliates' centers?

OIA's imaging centers offer various services, including PET/CT, MRI, CT, ultrasound, mammography, nuclear medicine, bone densitometry (DEXA), and X-ray procedures.