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Loop Media, Inc., based in Palo Alto, California, is a streaming media company providing commercial streaming video products and solutions for businesses and consumers. Loop TV offers a plug-and-play option with applications for Amazon Fire TV, Roku, Apple TV, and smart TVs, while Loop Screencast caters to businesses. The company specializes in premium short-form video content, including music videos, film, game, and TV trailers. Loop Media utilizes marketing technology to deliver content in various settings like hospitality, dining, retail venues, branded media sites, and over-the-top TV platforms. The company's innovative approach and diverse content offerings have positioned it as a leading player in the digital media landscape.
Loop Media, Inc. (NYSE American: LPTV) has announced a new content partnership with Red Bull and the nationwide launch of the Red Bull TV channel across all its out-of-home venues. This expansion enhances Loop's sports-themed offerings, providing viewers with a diverse library of action sports and sports-related culture content.
The Red Bull Channel showcases athletes and leading names in sports, racing, music, and dance, offering a unique entertainment experience. Justis Kao, CEO of Loop Media, emphasized the significance of this partnership, noting that sports and music are the most popular forms of entertainment in out-of-home venues. This collaboration allows Loop Media to offer recognized brand-named sports content alongside its existing music video offerings in the digital out-of-home space.
Loop Media (NYSE American: LPTV), a leading multichannel streaming CTV platform, has received acceptance from NYSE American for its plan to regain compliance with listing standards. The company has been granted until October 23, 2025 to meet the requirements outlined in Sections 1003(a)(i), (ii), and (iii) of the NYSE American Company Guide. During this period, Loop Media will be subject to periodic review by NYSE American.
The company's common stock will continue to trade on NYSE American during the compliance period, provided it meets other listing requirements. This development does not affect Loop Media's business operations or SEC reporting obligations. If compliance is not achieved by the deadline or sufficient progress is not made, NYSE American may initiate delisting proceedings.
Loop Media (NYSE American: LPTV) has partnered with DoubleVerify (DV) to enhance its advertising quality and fraud protection measures. This collaboration involves using DV's Marketplace Suite Quality Insights for pre-bid fraud and invalid traffic protection, as well as measurement and reporting tools. The partnership aims to:
1. Protect advertisers against fraudulent and invalid CTV traffic
2. Optimize inventory across Loop Media's network
3. Maximize performance and value for advertisers
4. Boost confidence among current and future advertisers
This move follows Loop Media's recent certification by the Alliance for Audited Media, further solidifying its commitment to creating a safe and transparent CTV ecosystem. The partnership addresses the growing challenges in measuring ad inventory quality in the expanding CTV market.
Loop Media (NYSE American: LPTV) announces the launch of several premium Free Ad-Supported Streaming TV (FAST) channels this summer, expanding its reach to both the US and global audiences.
These channels, including Loop Trivia, Loop Fresh Music, Global Fashion Channel, and Weather, aim to offer high-quality programming and create new revenue opportunities for Loop and its CTV advertising partners.
Loop Trivia, with over 25 million monthly viewers, will be among the first trivia channels in the FAST environment.
This expansion leverages Loop Media's extensive content library and audience engagement expertise, aiming to revolutionize the FAST landscape.
Loop Media (NYSE American: LPTV) has received certification from the Alliance for Audited Media (AAM) for its digital out-of-home (DOOH) platform. This third-party certification confirms that Loop Media's advertising delivery, impression measurement, and digital video advertising processes meet IAB guidelines. The AAM verified the accuracy of Loop Media’s screen network locations and its ad tracking and reporting processes. This certification aims to boost advertiser confidence and expand Loop Media's distribution. Loop Media’s Founder, Jon Niermann, highlighted the importance of accurate audience targeting for business success.
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.
Loop Media, a leading multichannel streaming CTV platform, has announced a definitive securities purchase agreement for a registered direct offering of 9,652,174 shares at $0.15 per share, expected to close around June 3, 2024. Concurrently, a private placement involves the sale of 4,347,826 shares at $0.2309 per share. The total anticipated gross proceeds from these offerings are approximately $2.45 million, to be used for working capital and operations. Roth Capital Partners is the exclusive placement agent. The shares in the private placement are unregistered under the Securities Act of 1933 and cannot be sold in the U.S. without registration or applicable exemption.
Loop Media, Inc. reported its 2024 fiscal second quarter financial results, showing a decrease in revenue to $4.0 million from $5.4 million in the previous year. The net loss was $(7.6) million compared to $(9.8) million. Adjusted EBITDA was $(4.5) million. Gross profit decreased to $0.42 million from $1.6 million. The company had 32,658 QAUs and 50,000 screens across Partner Platforms as of March 31, 2024. Operational changes were implemented to cut costs and improve profitability.
Loop Media, Inc. (NYSE American: LPTV) has scheduled a conference call on May 3, 2024, at 5:00 p.m. ET to discuss its 2024 fiscal second-quarter financial and operating results. The call will be hosted by Loop Media's management and will cover a range of topics related to the company's performance.
Loop Media, Inc. (NYSE American: LPTV) has been chosen by RadNet, Inc. (NASDAQ: RDNT) to provide ad sales services, branded channels, and customized signage for RadNetTV Channel across its 366 imaging centers. Loop Media will power RadNet's network of TVs in seven states, delivering original, entertaining, and educational content to over ten million viewers annually.
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