Video streaming revenue worldwide has exploded over the last decade, with an estimated value of $108.50 billion in 2024. By 2027, the market is expected to reach $137.70 billion, growing at a CAGR of 8.27% from 2024 to 2027 (https://ibn.fm/X8qMy). This growth is supported by a fast-growing user base, thanks to the worldwide adoption of video streaming platforms. Bravo Multinational (OTC: BRVO), a company actively exploring opportunities in the entertainment, hospitality, and technology sectors, is exploring streaming to generate long-term value for its shareholders through high-growth business ventures.
Bravo recently announced entering into an Asset Purchase Agreement to acquire the assets of Streaming TVEE, Inc., solidifying its entry into the video streaming industry. The company’s strategic move establishes the business foundation for the previously announced flagship offering, TVee NOW(TM), which is expected to launch a Beta version during Q1 2024. The new streaming service will be available directly to consumers over the web on any Connected TV, smartphone, or tablet. The application will be available for download in the Roku Channel Store, Apple Store, and Google Play Store.
“Fueling this transformative journey is a commitment to technical innovation, where state-of-the-art features and cutting-edge technology converge to create a seamless and immersive streaming experience,” Bravo CEO Grant Cramer said (https://ibn.fm/WxsdQ). “Viewers can expect a user-friendly interface, enhanced streaming quality, and innovative features that elevate the entertainment quotient.”
TVee NOW(TM) intends to offer traditional broadcast television, encompassing cable and satellite networks, through a joint venture with a third party, which is set to close at a later date. The platform will also include various on-demand content, including but not limited to movies, shows/series, concerts, comedy specials, events, and more. TVee NOW(TM) also plans to supplement offerings with its own original and exclusive content.
The agreement also includes acquiring the OTT (Over-The-Top) streaming technology license. The technology is a hybrid model comprised of Advertising-based Video-on-Demand, programmatic advertising through ad servers, and Subscription-based Video-on-Demand – all of which the company plans to offer at competitive rates compared to other services.
“Having a robust technical foundation is paramount for us, with our goal of establishing multi-level monetization,” Bravo COO Kayla Slick said. “It’s an exciting step towards building a sustainable and rewarding ecosystem for everyone involved.”
A notable highlight of the Asset Purchase Agreement includes Streaming TVEE’s recent acquisition of MWP Entertainment Group’s video property assets. These assets include exclusive rights, image and likeness, label waivers, and exploitation rights for streaming 117 high-definition music and comedy performances, which offer a director’s cut and multiple camera perspectives. Some of the artists and comedians on the list include H.E.R., Jane’s Addiction, Snoop Dogg, Moonalice, Bill Burr, Jim Gaffigan, Kristen Schaal, Rob Delaney, and more.
For more information, visit the company’s website at www.BravoMultinationalInc.com.
NOTE TO INVESTORS: The latest news and updates relating to BRVO are available in the company’s newsroom at https://ibn.fm/BRVO
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