BBTV wins one of its largest customers to
date and adds a significant library of video assets to its managed
portfolio
VANCOUVER, BC, June 1, 2023
/PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF)
(Frankfurt: 64V) ("BBTV" or the
"Company"), the leading creator monetization company with a mission
to help creators become more successful, today announced it has
signed a Content Management deal with a top 5 global film
studio.
- Management expects the client to be among the largest of
BBTV's growing Content Management portfolio as it relates to
revenue, based on the client's significant video library.
- The deal follows the Company's announcement in Q1 2023 of a
top multinational entertainment and record label conglomerate, the
largest in Content Management signed to date.
- BBTV continues to successfully convert the largest Content
Management pipeline in the Company's history as it executes its
strategic realignment around Plus Solutions, which drive
significantly higher margins than the Company's Base Solutions
business.
"There is a significant need in the world of entertainment
across multiple key verticals to connect with the digital
generation, and the results speak for themselves as we make more
progress on our extensive deal pipeline," comments Lewis Ball, Chief Strategy Officer, BBTV. "We're
proud to be providing our solutions to more than 20 of the world's
largest media companies, including Entertainment, Music, Sports and
more, helping them to grow and engage an audience community that's
impossible to reach anywhere else. We're excited to ramp this one
up over the coming quarters."
Content Management is an important part of the Company's Plus
Solutions business and represents a significant portion of the
segment revenue, which surpassed $50
million in 2022. Plus Solutions revenue is expected to grow
by 30% again in 2023 and is a key revenue stream for BBTV's
accelerated path to profitability.
About BBTV
BBTV is a global media and technology company headquartered in
Vancouver, Canada. The Company's
mission is to help content creators become more successful. With
creators ranging from individuals to global media brands, BBTV
provides comprehensive, end-to-end Solutions to increase viewership
and drive revenue powered by its innovative technology, while
allowing creators to focus on their core competency – content
creation. In December 2022, BBTV had
the fourth most unique monthly viewers among digital platforms with
more than 600 million globally, who consumed more than 35 billion
minutes of video content [1]. (www.bbtv.com)
[1] Calculations and classifications made by BBTV based on data
from Comscore's "Top 12 Countries = December
2022 comScore Video Metrix Media Trend – Multi-Platform –
Top 100 Video Properties Report"; Top 12 countries represent ~50%
of world's digital population.
Links to SEDAR filings, conference call recordings and press
releases are available on the investor website at:
https://investors.bbtv.com/
Forward Looking Statements
This press release contains "forward–looking information" and
"forward-looking statements" within the meaning of applicable
securities laws (collectively, "forward-looking information").
Forward-looking information is not information about historical
facts but instead represents the Company's intentions, beliefs,
plans, goals, objectives and strategies regarding future events and
results. Forward-looking information contained in this press
release includes statements that the Company's Management
expects the client to be among the largest of BBTV's growing
Content Management portfolio as it relates to revenue, based on the
client's significant video library; Plus Solutions
revenue is expected to grow by 30% again in 2023 and is a key
revenue stream for BBTV's accelerated path to profitability; BBTV
continues to successfully convert the largest Content Management
pipeline in the Company's history as it executes its strategic
realignment around Plus Solutions; the Company is helping the
client to grow and engage an audience community that's impossible
to reach anywhere else; and that the Company will ramp this one up
over the coming quarters. Forward-looking information is
necessarily based on a number of estimates and assumptions that the
Company considered appropriate and reasonable as of the date such
information is given, including but not limited to the Company's
assumptions that its Content Management Solutions will continue to
be attractive to existing and potential clients and the Company
will continue to acquire new customers for its Content Management
services and to retain existing customers; industry growth trends
in views and RPMs will improve; there will be no changes in general
industry, market and economic conditions adverse to the Company;
the Company will successfully help the client grow and engage an
audience community; the Company will continue to receive higher
margin revenue from its Content Management services; that the Plus
Solutions revenue will grow as expected in 2023l and that the
Company will realize an accelerated path to profitability.
Forward-looking information is subject to known and unknown risks,
uncertainties, and other factors, many of which are beyond the
Company's control, that may cause actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to the risk that the Company's assumptions on which its
forward-looking information is based may not be accurate; the
effect of competition; the Company's agreements with its
strategic partners, creators and customers may terminate early or
not be renewed either on similar terms or at all; the Company's
Content Management Solutions may not continue to be attractive to
clients and may not continue to grow; the Company's significant
reliance on its relationship with one digital platform; the Company
has a history of losses and negative cash flow; the Company's need
for additional capital; and the impact of the continuing COVID-19
pandemic; as well as the factors discussed under "Risk Factors" in
the final prospectus of the Company dated October 22, 2020, and in its Annual Information
Form dated March 31, 2023 filed on
sedar at www.sedar.com and in the Company's other filings with the
Canadian securities regulatory authorities at www.sedar.com. The
Company does not undertake any obligation to update any
forward–looking information, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
For further information please contact:
Media
Relations: pr@bbtv.com
Investor Relations: ir@bbtv.com
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SOURCE BBTV Holdings Inc.