- The media streaming market was valued at $119.01 billion and is expected to reach $173.73 billion by 2028
- Bravo recently announced entering an Asset Purchase Agreement to acquire assets of Streaming TVEE Inc., including the license of OTT (Over-The-Top) streaming technology
- TVee NOW(TM) is set for beta launch in Q1 2024 and is expected to be accessible across various devices, with dedicated apps on platforms including Roku, Apple, and Google Play stores
The media streaming market has experienced a strong growth pattern over recent years, fueled by the growing demand for subscription-based services, the increased availability of region-specific and original content, and the popularity of live sports. In 2023, this market was valued at $119.01 billion and is expected to reach $173.73 billion by 2028, growing at a CAGR of 7.86% (https://ibn.fm/TOJAM). The drivers for growth are changing the strategies the vendors adopt in the market – emphasizing enhanced customer experience by providing personalization and affordability.
Bravo Multinational (OTC: BRVO), a company actively exploring opportunities in the entertainment, hospitality, and technology sectors to generate long-term value for its shareholders through high-growth business ventures, recently announced entering into an Asset Purchase Agreement to acquire the assets of Streaming TVEE Inc., marking its entrance into the video streaming market.
“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,” said Grant Cramer, CEO of Bravo (https://ibn.fm/aZL8N). “Viewers can expect a user-friendly interface, enhanced streaming quality, and innovative features that elevate the entertainment quotient.”
Bravo appointed David McKillop, former General Manager and Executive Vice President of Programming at A&E, as the first member of its Advisory Board. His addition brings immense value to Bravo, significantly enhancing the company’s vision for growth through his decades of industry experience.
“In this ever-evolving digital landscape, where Reality TV yearns for a rejuvenation, and technological advances in programming become our guiding light, David’s unmatched accomplishments and foresight position him as the ultimate catalyst to shape our trajectory in the realm of immersive and binge-worthy content,” Cramer said (https://ibn.fm/ZgCA6).
The company’s new streaming service, TVee NOW(TM), intends to offer linear TV, also known as traditional broadcast television, which uses cable and satellite networks through a joint venture with a third party. The joint venture is expected to close at a later date.
The streaming platform will also offer an array of on-demand content, including but not limited to movies, series/shows, concerts, comedy specials, events, and more – all at no or low cost to its viewers. TVee NOW(TM) also plans to supplement its own original and exclusive content. TVee NOW(TM) is set for beta launch in Q1 2024. It is expected to be accessible across various devices, with dedicated apps on platforms including Roku, Apple, and Google Play stores, reinforcing Bravo’s commitment to innovation and audience accessibility.
The Asset Purchase Agreement with Streaming TVEE includes acquiring the license of OTT (Over-The-Top) streaming technology, which is a hybrid model consisting of Advertising-based Video-on-Demand (“AVOD”), utilizing programmatic advertising through ad servers and Subscription-based Video-on-Demand (“SVOD”), which the Bravo plans to offer at competitive rates compared to other services.
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
