Zonzia Media Secures Major Financing For Content Acquisition
OTT Streaming Media Company Zonzia Media Inc. has Secured Major Financing for the Acquisition of Content Libraries
LOS ANGELES, CA / ACCESSWIRE / November 17, 2015 / ZONZIA MEDIA, Inc. (ZONX), a new Over the Top (OTT) streaming media company, today announced that it has secured a major source of financing for content acquisition. With this new infusion of capital, Zonzia will acquire diverse content libraries which will enhance viewer engagement, attract a wide array of subscribers and add substantial value to its multiple distribution channels.
"We are at an exciting and transformative time with our rapid growth here at Zonzia," said Johnathan Adair, CEO of Zonzia. "Kaltura is currently in the process of building our cutting edge, end-to-end OTT service while our in-room hotel reach now exceeds 1 million hotel rooms here in the US and, moreover, our VOD service is now in over 27 million cable households. So, now is the perfect time for us to fully begin focusing our efforts on acquiring unique and compelling content for our multiple distribution channels."
While Zonzia's focus will be on acquiring unique content at attractive prices, the company will also put an emphasis on acquiring businesses with strong cash flows and high growth potential, all of which will provide Zonzia the positioning to uplist to the Nasdaq exchange in the very near future.
"We will be able to strategically utilize our unique distribution channels to quickly grow the profitability of our acquired businesses," said Adair. "Now that we have the appropriate funding in place, we will quickly begin to achieve rapid growth through our strategic acquisitions which will allow us to uplist to the Nasdaq exchange and ultimately bring exceptional value to our shareholders."
About Zonzia Media
ZONZIA MEDIA, Inc. (ZONX) is an Over the Top (OTT) streaming media company that delivers entertainment content to consumers. Zonzia plans to distribute original programming, TV series, movies, independent films, documentaries, and live events through its subscription Video on Demand (SVOD) hybrid channel which will be accessible over most connected devices. Zonzia has secured VOD carriage across Comcast, Dish Network and Verizon FiOS currently reaching approximately 27.5 million homes. The Zonzia channel is also available in hotel rooms across the U.S. For more information, please visit www.zonzia.com or www.zonziamedia.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, including, but not limited to statements regarding Zonzia Media Inc. and its strategies, plans, programming and other products, content and revenue. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "plans," "will," "believes," "estimates," and similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Zonzia's filings with the Securities and Exchange Commission, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Zonzia Media Inc. undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
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SOURCE: ZONZIA MEDIA, Inc.
