Loop Media, Inc. Launches Loyalty Rewards Program to Help Businesses Thrive

Rhea-AI Summary

Loop Media (OTC: LPTV) launched its Loop Rewards Program, enabling business owners to earn money by operating the Loop Player for an average of eight hours daily on ad-supported channels. This initiative aims to support small and medium-sized businesses during their recovery from COVID-19 impacts by sharing a portion of ad revenue. Monthly rewards can be used freely or donated to charity. Loop Media has seen growth since 2021, providing curated music video content and is the only U.S. provider streaming to both consumers and out-of-home venues.

Positive

• Launch of the Loop Rewards Program offers financial incentives for business owners.
• The initiative supports small and medium-sized businesses recovering from COVID-19.
• Loop Media has experienced growth, sharing ad revenues with partners.

Negative

• None.

GLENDALE, CA, March 23, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire –  Loop Media, Inc. (“Loop Media” or “Loop”) (OTC: LPTV), a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses and consumers, today announced the launch of its Loop Rewards Program, giving business owners the opportunity to earn money for keeping the Loop Player on.

Loop Media has prioritized helping businesses since the inception of the streaming platform by eliminating the existing cost of content, which is typically expensive and not custom-curated.  Following a strong year in 2021, Loop wishes to share a portion of ad revenue with those that matter most: small and medium-sized businesses using its Loop Player.  Business owners can earn money by keeping the Loop Player running for (an average of) eight hours a day on Loop’s ad-supported channels for every screen with a Loop Player.  Businesses receive their Rewards monthly to use as they see fit, including donating their Rewards to a charity of their choice.  This program comes at an especially important time as businesses work to recover from recent COVID-19 spikes and the resulting decline in sales.

"We're committed to being the best partner possible to businesses using our ad-supported Loop Player,” said Bob Gruters, Chief Revenue Officer for Loop Media. “Loop Rewards lets us give back to businesses now, when they need it the most. Fully licensed music and lifestyle content plays a big role in how businesses entertain and inform their customers and we're eager to help them win every month. Loop Media is proud to watch our business partners thrive again."

“Loop's music and video content service is a great entertainment option for our model units, clubhouses and outdoor common areas in our luxury communities,” said Serena with Westcorp Properties.  “Another plus is their Rewards Program: the more players you use, the more perks you receive!”

“As of early December 2021, Loop has been and is the only provider that provides free video dongle(s)/TV player(s) making the setup extremely easy,” said Mohammad, Co-founder of Soapy Soap Company. “Getting started was as simple as connecting the power and HDMI cable to the TV. Even more, the unit came pre-set up, ready to use!  

Business owners can now participate in the Loop Rewards Program.

About Loop Media

Loop Media, Inc. (“Loop Media”) (OTC: LPTV) is a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses and consumers. Through its proprietary “Loop Player” for businesses and interactive mobile and TV apps for consumers, Loop Media is the only company in the U.S. licensed to stream music videos directly to consumers and venues out-of-home (“OOH”).

Loop Media’s digital video content reaches thousands of OOH locations including 400,000 hotel rooms in over 1300 hotels, bars/restaurants, office buildings, and retail businesses, as well as millions of consumers in the U.S., Canada, and Latin America through its apps for iOS, Android, and Huawei, as well as connected TVs and Smart TVs. These TV platforms include Amazon Fire TV, Android TV, AT&T TV, Hisense, JVC, LG, Philips, Roku, Sharp, Sony, Toshiba, VIZIO, and free ad-supported TV platforms TIVO+, Plex, DistroTV, and GSTV. 

Loop is fueled by one of the largest and most important 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. The Loop Media consumer apps allow users to create their own playlists, or “Loops,” and share them live with interactive watch parties. Loop Media’s streaming services generate revenue from advertising, sponsorships, integrated marketing and branded content from free-ad-supported-television (“FAST”) and from subscription offerings.

Download the Loop Media app by searching “Loop Media” on your Smart TV's app store or opening loop.tv/app on your mobile device. To learn more about Loop Media products and applications, please visit us online at Loop.tv

Follow us on social:

Instagram - @watchlooptv (consumer), @loopforbusiness (business)

Twitter - @watchlooptv (consumer), @loopforbusiness (business)

LinkedIn - https://www.linkedin.com/company/looptv/

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 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.

Loop Media Press Contact
Jon Lindsay Phillips
Loop@phillcomm.global

FAQ

What is the Loop Rewards Program by Loop Media?

The Loop Rewards Program allows business owners to earn money by using the Loop Player for at least eight hours daily on ad-supported channels.

How does the Loop Rewards Program help businesses?

It provides financial incentives and supports businesses during their recovery from COVID-19 effects by sharing ad revenue.

What are the benefits of using the Loop Player?

Businesses can earn monthly rewards and access curated music video content without the usual content costs.

When was the Loop Rewards Program launched?

The Loop Rewards Program was launched on March 23, 2022.

What is the stock symbol for Loop Media?

The stock symbol for Loop Media is LPTV.