ORLANDO, Florida, August 4, 2016 /PRNewswire/ --
Viva Entertainment Group, Inc (OTC PINK: OTTV), a developer of an OTT system through which television services are delivered using the Internet, is pleased to announce it has entered into a joint venture with Oi2 Media, the country's largest provider of Latino focused content and services to major broadcast and digital media companies such as iHeart Media and Univision Radio. Oi2 under its radio syndication and digital divisions provides distribution of strong brands such as, CNN en Espanol, Fox Deportes Radio, ESPN Deportes Radio, and many more.
Under the agreement, the two Companies have formed a special purpose Company called "Oi2 TV, LLC" with Oi2 owning 51% and Viva owning 49%. The purpose of the venture is for both Companies to collaboratively engage in the marketing, sales and distribution of next generation IPTV subscriptions to Oi2 Media Corp subscribers. As part of the Agreement, Viva will make capital contributions in the following manner: Viva backend technology and OTT platform, Channel lineup and content initially consisting of Linear channels and VOD, customized Android and Apple IOS apps for OTT, billing and provisioning API, billing and provisioning API, and more. Among the capital contributions from Oi2 TV will include: Sales to new and existing Oi2 listeners, data center and warehousing, marketing and promotions (Radio, TV, Social Media, Billboards), content live TV and VOD, and more. As part of the venture, VIVA will provide to Oi2 TV with a string of live TV channels for a subscription based service that will be marketed via the Oi2 Media App.
Mr. Johnny Falcones, CEO Viva, expressed "this business effort is about focusing on deeper partnerships through a focused list of suitable partners with an already established, large subscriber base and mutual demographic synergies. A combined effort with a rooted focus on bottom line revenues along with the venture's monthly reach of hundreds of millions of people engaged with the content via traditional and social media outlets is certainly a proposition for VIVA's sustainable income and growth." VIVA and Oi2 Media's combination exceeds a monthly reach of 4.5 billion people, 121.7M monthly socially media engaged users, 100 million social media followers, 33.5 million social media referrals and over 300 thousand e-mail subscribers to begin with. "With an integration team and sales force of several dozen, we're targeting the launch for midsummer," concluded Mr. Falcones.
"People in today's world consume information and entertainment via multiple channels and media outlets. We see the trends in fragmentation in consumer habits and feel a compelling reason to be there when and where our audience and consumer is no matter on what platform," commented Anthony M Hernandez, CEO of Oi2 Media Corp. "This venture will allow both companies to leverage their respective content and audience reach to new heights. The introduction to concepts such as, Oi2 Visual Radio and other new elements that combine pictures with sound is where we need to be. With Oi2's vast platform of hundreds of audio and live TV channel offerings plus on demand audio and video content positions us to grow our direct reach to consumers everywhere."
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 has developed 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 WiFi 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. VIVA is a publicly traded company under the stock symbol OTTV. Viva Entertainment's web site can be found at Www.v-e-s.net.
About Oi2 Media Corp
Oi2 Media Corp (http://www.Oi2media.com) formerly known as Stardome Media Group 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 24x7 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 CNN en Espanol; FOX Deportes; AP News en Espanol; ESPN Deportes Radio; ALMA Exitos Positivos; Escuchame Tu Show Prep Service; and much more. For more information visit our websites: http://www.Oi2media.com.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
Email us at:
Johnny Falcones, Chairman & CEO
Follow VIVA on Twitter
Like us on Facebook
SOURCE VIVA Entertainment Group, Inc.