UMAX GROUP CORP. - Funny Media Group Signs Distribution Deal with VYRE Network for "Huge" Comedy Streaming Deal
UMAX Group Corp. (OTC PINK:UMAX) has announced a significant distribution deal between its subsidiary Funny Media Group (FMG) and VYRE Network for over 200 comedy specials from Season 1. This partnership aims to expand FMG's reach globally through VYRE's multi-platform service. So far, 50 shows have garnered over 2 million views on YouTube. UMAX, focusing on comedy development since acquiring FMG in May 2021, aims for a cash-flow positive operation and plans to produce content for major streaming services.
- Distribution partnership with VYRE Network expands FMG's global reach.
- Over 2 million views on YouTube from 50 comedy specials indicate strong audience interest.
- Transition to comedy development aims for cash-flow positive operations and shareholder returns.
- None.
LOS ANGELES, CA / ACCESSWIRE / March 14, 2022 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, has announced that its subsidiary, Funny Media Group ("FMG"), has signed a deal with VYRE Network to distribute Season 1 of FMG's comedy specials-more than 200 shows in all.
"This is fantastic news for Funny Media Group and all of the comedians who joined us for Season 1," said UMAX President and CEO Rondell Fletcher. "VYRE has an amazing platform that will bring our comedy content to a global audience. This is huge for us."
Vyre Network is a global digital distribution multi-platform service that licenses, live streams, and produces a vast catalog of exclusive content for streaming entertainment. VYRE's deep distribution includes Apple TV, Roku, Amazon Firestick, and Samsung.
Vyre Network Web Site: https://vyrenetwork.com/
"This is another step in VYRE taking comedy to the next level," said David Hill, VYRE President. "We are excited to work with Funny Media Group. Rondell is a forward thinker and it shows in everything Funny Media Group is doing."
After the acquisition of Funny Media Group in May 2021, UMAX has now fully transitioned into comedy development as the vehicle to achieve a cash-flow positive operation and to provide the best return on shareholder's investment.
Fletcher oversaw the production of 200 comedy specials for Season 1, and Season 2 begins taping in a few weeks. So far, 50 of the 200 shows have hit YouTube, resulting in more than 2 million views.
"We have built a pipeline of comedy specials that is attracting attention in the industry, and a significant audience on YouTube," Mr. Fletcher says. "VYRE will help us reach millions more."
The shows are filmed in the Comedy Cube, Funny Media Group's state-of-the-art facility in downtown Los Angeles. Shows are released on Mondays, Wednesdays, and Fridays.
Mr. Fletcher has an extensive background in production and media. He has owned his own production studio in Los Angeles for the past 20 years and has produced national shows for CNN, FOX, Food Network and Comedy Central, among others.
The short-term goal for Funny Media Group is to produce content for streaming services such as Netflix and Amazon with the long-term goal of building a large media catalog for acquisition.
About Us
UMAX Group Corp. is a Nevada corporation, is a public-quoted Pink Sheet issuer under the ticker symbol "UMAX". UMAX reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (E.g., "Pink Sheet Current").
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Company Information:
UMAX Group Corp.
2020 Bay Avenue
Los Angeles, California 90021
Website (FMG): https://funnymediagroup.com/
Website (FMS): https://BroadcastWest.com/
Instagram: https://www.instagram.com/funnymediagroupofficial/?hl=en
YouTube: https://www.youtube.com/c/FunnyMediaGroup
Jarod Ohi: http://www.jarodohi.com
Investor Relations: Jack Zietz
Email: investors@umaxgrpcorp.com
SOURCE: UMAX Group Corp.
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