ReelTime VR, AMJ GLOBAL ENTERTAINMENT, and Bungalo Records Sign Collaboration LOI to Create Immersive VR Experiences Promoting Events, Artists, and/or Products

Rhea-AI Summary

ReelTime Media (OTC PINK:RLTR) has signed a Letter of Intent (LOI) with Bungalo Records Inc. and AMJ GLOBAL ENTERTAINMENT to create immersive VR experiences that promote events, artists, and products. This collaboration aims to leverage ReelTime's VR technology and production capabilities alongside Bungalo's extensive artist access. CEO Barry Henthorn emphasized the partnership's potential to enhance monetization, while Bungalo's President Paul Ring highlighted its significance in shaping industry trends. The partnership may open various project opportunities, strengthening both companies' positions in the entertainment market.

Positive

• Strategic partnership formed with Bungalo Records and AMJ GLOBAL ENTERTAINMENT for VR experiences.
• Potential for increased monetization and access to top artists and events.
• Expected to enhance both companies' market positions.

Negative

• None.

SEATTLE, WA, Aug. 31, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ReelTime Media (OTC PINK:RLTR) has reached an agreement and signed a Letter of Intent (LOI) with Bungalo Records Inc., and AMJ GLOBAL ENTERTAINMENT, L.L.C. whereas the parties will collaborate in an effort to Create Immersive VR Experiences Promoting Events, Artists, and/or Products.

Collectively they intend to explore various projects to incorporate ReelTime’s Virtual Reality technologies, and production methodologies, incorporating Bungalo’s and AMJ’s vast access to top artists, concerts, industry icons, and merchandising, utilizing the combined publishing and distribution capabilities of the parties.

Barry Henthorn, CEO, stated: “Being able to work directly with such established and accomplished industry staples such as Bungalo and AMJ to bring the ReelTime VR experiences of top artists to audiences worldwide is not only rewarding artistically, but furthering our monetization capabilities is expected to positively impact our bottom line. We look forward to moving ahead with a combined effort.” 

Paul Ring, Bungalo Records President, exclaimed: “It is imperative in our industry to be aware of companies and trends that shape its evolution. We are ecstatic to be working with ReelTime VR so that we may set trends instead of merely following. This could be a very impactful relationship not only to our companies but across industries beyond entertainment.”

AMJ/Bungalo may provide access to artists, products, events, and other business connections in order to mutually evaluate various projects.

Bungalo Records is a record label and distribution company https://bungalorecords.com/ It has a rich history spanning over 21 years including music legends Patti LaBelle, Eddie Money, Heavy D, jazz legends Stanley Clarke and Ronnie Laws among many others.

AMJ GLOBAL ENTERTAINMENT https://www.amjglobal.com/ is in the business of managing and publishing music and other artists, distribution, investment, Advisory Components, as well as providing high end security services.  

In other News:

ReelTime’s CEO Pledges Personal Shares and Vows to Reduce Potential Dilution by More than 50% in Debt Reduction Plan Leading to Uplist

LoudMouth News to Join ReelTime TVs Fall Lineup Expanding Beyond Radio While Broadening its Subjects to Over 150 Million Potential Viewers

ReelTime's Dilution Reduced by 20 Million Arising From Negotiated Settlement in Their Favor

ReelTime to Launch Roku Channel ReelTime TV to 51.2 Million Monthly Active Users, Expanding Content Distribution and Advertising Revenues Using Technology

ReelTime Media reached a technology/software license and development agreement with Baristas (OTC:BCCI) 'Munchie Magic.' The licensing agreement secures Munchie Magic global perpetual, exclusive access to use the technology and methodologies developed by ReelTime that allow the virtual restaurants to integrate with its partners, onboarding, marketing, and administrative functions for use with the Munchie Magic Virtual Restaurant or other convenience store delivery concepts.

About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com is a publicly-traded company based in Seattle, WA (OTCPK:RLTR). ReelTime Media provides end-to-end production capabilities and discount media purchasing that is redefining how companies are evaluating and purchasing their TV, radio, print, and other new media. ReelTime is also is in the business of developing, producing and distributing Virtual Reality Content and technologies. We have an end to end production, editing, and distribution capabilities for internal and external projects. ReelTime Currently produces three ongoing series for the Samsung Gear VR platform and distributes them over numerous VR delivery portals, including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook, and others. ReelTime Media also publishes the book 'It Was Always Me! Edward Edwards, the Most Prolific Serial Killer of All Time,' which has been the subject of a cover story on People Magazine, Rolling Stone, In Touch, and a six-part series on Paramount network, www.itwasalwaysme.com.

CONTACT:

Barry Henthorn
ceo@reeltime.com

FAQ

What is the partnership between ReelTime Media and Bungalo Records about?

ReelTime Media has partnered with Bungalo Records and AMJ GLOBAL ENTERTAINMENT to create immersive VR experiences for promoting events, artists, and products.

What opportunities does the ReelTime Media partnership create?

The partnership aims to explore various projects utilizing ReelTime's VR technologies and Bungalo's access to industry resources, enhancing monetization and market presence.

How could the ReelTime Media partnership impact RLTR stock?

The partnership is expected to positively influence ReelTime Media's financial performance and market position, which could impact RLTR stock positively.

When was the ReelTime Media partnership announced?

The partnership was announced on August 31, 2021.