Post NYSE, Loop Media, Inc. Continues Focus on Strengthening Bottom Line while Trading on the OTC
Loop Media, Inc. (OTC: LPTV), a leading multichannel streaming CTV platform, is focusing on strengthening its bottom line and expanding its footprint after transitioning from NYSE to OTC trading. Interim CEO Justis Kao emphasized the company's efforts to reduce costs and streamline operations, aiming to align revenue with their development strategy in the growing CTV OOH ad market.
Loop Media has entered new partnerships with premium content providers, including Network Communications for live sports channels and Red Bull for sports and culture content. The company has also received certifications validating their ad inventory quality. Executive Chairman Bruce Cassidy expressed confidence in the company's plan to add value for shareholders, regardless of their listing venue.
Loop Media, Inc. (OTC: LPTV), una delle principali piattaforme di streaming multicanale CTV, si sta concentrando sul rafforzamento del proprio bilancio e sull'espansione della propria presenza dopo il passaggio da NYSE al mercato OTC. L'amministratore delegato ad interim Justis Kao ha sottolineato gli sforzi dell'azienda per ridurre i costi e semplificare le operazioni, puntando ad allineare i ricavi con la loro strategia di sviluppo nel crescente mercato pubblicitario CTV OOH.
Loop Media ha siglato nuove partnership con fornitori di contenuti premium, tra cui Network Communications per canali sportivi dal vivo e Red Bull per contenuti sportivi e culturali. L'azienda ha inoltre ottenuto certificazioni che convalidano la qualità del proprio inventario pubblicitario. Il presidente esecutivo Bruce Cassidy ha espresso fiducia nel piano dell'azienda di aggiungere valore per gli azionisti, indipendentemente dalla loro sede di quotazione.
Loop Media, Inc. (OTC: LPTV), una de las principales plataformas de streaming multicanal CTV, se está enfocando en fortalecer su balance y expandir su presencia después de la transición del NYSE al comercio OTC. El CEO interino Justis Kao enfatizó los esfuerzos de la compañía por reducir costos y optimizar operaciones, con el objetivo de alinear los ingresos con su estrategia de desarrollo en el creciente mercado publicitario CTV OOH.
Loop Media ha establecido nuevas alianzas con proveedores de contenido premium, incluyendo Network Communications para canales deportivos en vivo y Red Bull para contenido deportivo y cultural. La empresa también ha recibido certificaciones que validan la calidad de su inventario publicitario. El presidente ejecutivo Bruce Cassidy expresó confianza en el plan de la compañía de agregar valor para los accionistas, independientemente de su lugar de cotización.
Loop Media, Inc. (OTC: LPTV)는 주요 멀티채널 스트리밍 CTV 플랫폼으로서 재무 상태를 강화하는 데 집중하고 있습니다. 이 회사는 NYSE에서 OTC 거래로 이행한 후 영향력을 확장하고 있습니다. 임시 CEO인 Justis Kao는 회사의 노력이 비용 절감 및 운영 효율화에 중점을 두고 있으며, 성장하는 CTV OOH 광고 시장에서 수익을 개발 전략과 일치시키려는 목표를 가지고 있음을 강조했습니다.
Loop Media는 Network Communications와의 스포츠 생중계 채널 및 Red Bull과의 스포츠 및 문화 콘텐츠에 대한 새로운 파트너십을 체결했습니다. 이 회사는 광고 재고 품질을 검증하는 인증도 받았습니다. 이그제큐티브 회장인 Bruce Cassidy는 주주 가치를 증대시키는 회사 계획에 대한 확신을 나타냈습니다, 상장 장소와 관계없이.
Loop Media, Inc. (OTC: LPTV), une plateforme de streaming CTV multicanal de premier plan, se concentre sur le renforcement de sa situation financière et l'expansion de sa présence après son passage de la NYSE au marché OTC. Le PDG par intérim Justis Kao a souligné les efforts de l'entreprise pour réduire les coûts et rationaliser les opérations, visant à aligner les revenus avec leur stratégie de développement dans le marché publicitaire CTV OOH en pleine croissance.
Loop Media a établi de nouveaux partenariats avec des fournisseurs de contenus premium, y compris Network Communications pour des chaînes de sport en direct et Red Bull pour le contenu sportif et culturel. L'entreprise a également reçu des certifications validant la qualité de son inventaire publicitaire. Le président exécutif Bruce Cassidy a exprimé sa confiance dans le plan de l'entreprise visant à ajouter de la valeur pour les actionnaires, quelle que soit leur plateforme de cotation.
Loop Media, Inc. (OTC: LPTV), eine führende multichannel Streaming CTV-Plattform, konzentriert sich darauf, ihre Bilanz zu stärken und ihre Präsenz nach dem Übergang vom NYSE zum OTC-Handel auszubauen. Interim-CEO Justis Kao betonte die Bemühungen des Unternehmens, Kosten zu senken und die Abläufe zu optimieren, um die Einnahmen mit ihrer Entwicklungsstrategie im wachsenden CTV OOH-Werbemarkt in Einklang zu bringen.
Loop Media hat neue Partnerschaften mit Premium-Inhaltsanbietern geschlossen, darunter Network Communications für Live-Sportkanäle und Red Bull für Sport- und Kulturinhalte. Das Unternehmen hat zudem Zertifizierungen erhalten, die die Qualität seines Werbeinventars bestätigen. Der Executive Chairman Bruce Cassidy äußerte Vertrauen in den Plan des Unternehmens, Wert für die Aktionäre zu schaffen, unabhängig von ihrem Listing-Standort.
- Significant cost reduction and streamlined operations
- New partnerships with premium content providers (Network Communications, Red Bull)
- Certifications validating ad inventory quality
- Expansion strategy in place for high-quality Loop TV players
- Delisting from NYSE to OTC trading
- Revenue growth challenges implied by focus on aligning with development strategy
“Our roadmap is straightforward,” said Justis Kao, Interim CEO. “We’ve worked hard over the past year to significantly reduce our costs and strengthen our bottom line. These efforts are leading to more efficient, streamlined operations as we hone our distribution strategy to expand our footprint of high quality Loop TV players in businesses of all sizes nationwide. Our goal is for our revenue to keep pace with our development strategy in a growing CTV OOH ad market. We are committed to our expansion goals and will aggressively seek further opportunities to see our strategy through.”
With this focus on expansion and enhancing its business clients’ customer experiences in mind, Loop Media has recently entered into new partnerships with premium content partners, including Network Communications to offer live sports with subscription offerings for channels like the NFL Network and NFL RedZone, and Red Bull to offer its high quality sports and culture content. The Company has also received certifications validating the quality of their ad inventory going into what has historically been their strongest quarter of the year.
“I have always believed in Loop Media and the team,” said Bruce Cassidy, Executive Chairman of Loop Media. “That belief has not wavered. Regardless of whether we are listed on the NYSE or OTC, we are very much focused on adding to the value of our company for our shareholders, many of whom have been with us since the beginning. I am confident that we have a plan in place that can yield positive results to get the Company to where we know it can be, and even beyond.”
About Loop Media, Inc.
Loop Media, Inc. ("Loop®") (OTC: 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
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
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
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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 content and acquire future content and partners, 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/20240829813244/en/
Loop Media Press Contact
Grant Genske
grant@loop.tv
Source: Loop Media, Inc.
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