Move Expected to Increase VIVA Subscriptions and Revenues by Making Content Available to Oi2 Media's Existing Subscriber Base
MIAMI, November 17, 2017 /PRNewswire/ --
VIVA Entertainment Group, Inc. (OTC: OTTV) ("VIVA" or "the Company"), a distributor of Over-The-Top IPTV content to consumers in a bundled subscription format, today announced that it has signed a three-year license agreement with Oi2Go Media Technologies, Inc., a subsidiary to Oi2 Media Corp, to provide a mobile subscription app focusing on streaming Latino content to the American market. This license is a follow-on agreement to the previously announced joint venture with Oi2 Media, a leading content and services provider to the audio and video marketplace in the U.S.
Under the terms of the license, Oi2Go will provide VIVA content, including its on-demand pay-per-view content library, subscription channels and network broadcasts, to its customer base under their own branded subscription app. The license runs through November 2020.
VIVA Chief Executive Officer, Johnny Falcones, commented, "Since signing the original joint venture with Oi2 Media, we have been working with them to develop a content-rich platform for the Latino market. Being based out of South Florida, we are very familiar with the growing Latino market for streaming content. The Hispanic and Latino population in the United States is currently seventeen percent (17%), which equates to over 50 million potential customers that are not being adequately served by the IPTV industry. Oi2's strategy to target this market and build a subscription base providing Latino-focused programming will tap into this underserved population segment. VIVA's even-expanding library and live programming has a lot of Latino content, which should be appeal to the millions of Oi2's existing customers. We're excited to be a part of this opportunity and look forward to helping the Oi2Go app platform rapidly expand in the coming months and capitalize on the Oi2 customer base."
Anthony Michael Hernandez, CEO of Oi2 Media stated, "The association with VIVA has always been strong. This new doubled down effort is a clear demonstration of our ability to work closely together to super-serve the growing Latino marketplace in the U.S. with an affordable approach to subscription TV content."
About VIVA Entertainment Group, Inc.
VIVA Entertainment Group, Inc. is a global entertainment and technology company connecting content owners and video distributors to deliver premium content on any smart device with a screen. VIVA is a service provider of an OTT system through which television services are delivered using the Internet protocol suite over a network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal and cable television formats. VIVA, your entertainment partner, provides subscribers access to the content they want anywhere, anytime. With a Wi-Fi connection our customers can watch Live TV from around the world, TV shows, as well as movies on demand, Tele-video conference and many other interactive features. Independent and Major film studios, television networks, Telecoms, Cable Companies, and emerging ISPS partner with VIVA for enhanced capabilities in multi-platform video distribution. The only true end-to-end provider of premium content technology services, VIVA looks to license and deliver to traditional and OTT video distributors across the world.
About Oi2 Media Corp
Oi2 Media Corp (http://www.Oi2networks.com) is a leading global provider of millennial and multicultural focused audio and video content programming services. Oi2's current footprint spans throughout the digital space and across a territorial broadcast and digital media presence in 33 countries via a network 1,700+ radio station affiliations and digital distribution on mobile and satellite media platforms including iHeartRadio, TuneIn, SiriusXM Satellite Radio, and more. As a premium provider of content, Oi2 operates a slate of 24×7 audio streams with a diverse menu of music, news, sports, and entertainment genres. Plus over 100+ daily marquee branded content features, talk and specialty shows. Some of the Oi2 menu of brands include ESPN Deportes Radio; NBC-TELEMUNDO; ALMA Exitos Positivos; Escuchame Tu Show Prep Service; and much more. For more information, visit our websites: http://www.Oi2networks.com.
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Viva Entertainment Group Chairman/CEO
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