BURBANK, Calif.--(BUSINESS WIRE)--Aug. 29, 2024--
Loop Media, Inc. ("Loop Media" or “Loop” or the “Company”) (OTC: LPTV), a leading multichannel streaming CTV platform that provides curated music videos, sports highlights, news, premium entertainment channels, digital signage, select live sports and other channels for businesses settles in for continued focus on growth in the coming quarters.
“Our roadmap is straightforward,” said Justis Kao, Interim CEO. “We’ve worked hard over the past year to significantly reduce our costs and strengthen our bottom line. These efforts are leading to more efficient, streamlined operations as we hone our distribution strategy to expand our footprint of high quality Loop TV players in businesses of all sizes nationwide. Our goal is for our revenue to keep pace with our development strategy in a growing CTV OOH ad market. We are committed to our expansion goals and will aggressively seek further opportunities to see our strategy through.”
With this focus on expansion and enhancing its business clients’ customer experiences in mind, Loop Media has recently entered into new partnerships with premium content partners, including Network Communications to offer live sports with subscription offerings for channels like the NFL Network and NFL RedZone, and Red Bull to offer its high quality sports and culture content. The Company has also received certifications validating the quality of their ad inventory going into what has historically been their strongest quarter of the year.
“I have always believed in Loop Media and the team,” said Bruce Cassidy, Executive Chairman of Loop Media. “That belief has not wavered. Regardless of whether we are listed on the NYSE or OTC, we are very much focused on adding to the value of our company for our shareholders, many of whom have been with us since the beginning. I am confident that we have a plan in place that can yield positive results to get the Company to where we know it can be, and even beyond.”
About Loop Media, Inc.
Loop Media, Inc. ("Loop®") (OTC: LPTV) is a leading connected television (CTV) / streaming / digital out-of-home TV and digital signage platform optimized for businesses, providing music videos, news, sports, and entertainment channels through its Loop® TV service. Loop Media is the leading company in the U.S. licensed to stream music videos to businesses through its proprietary Loop® Player.
Loop® TV’s digital video content is streamed to millions of viewers in CTV / streaming / digital out of home locations including bars/restaurants, office buildings, retail businesses, college campuses, airports, among many other venues in the United States, Canada, Australia, and New Zealand.
Loop® TV is fueled by one of the largest and most important premium short-form entertainment libraries that includes music videos, movie trailers, branded content, and live performances. Loop Media’s non-music channels cover a wide variety of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos, and more. Loop Media’s streaming services generate revenue from programmatic and direct advertising, and subscriptions.
To learn more about Loop Media products and applications, please visit us online at Loop.tv
Follow us on social:
Instagram: @loopforbusiness
X (Twitter): @loopforbusiness
LinkedIn: https://www.linkedin.com/company/loopforbusiness/
Safe Harbor Statement and Disclaimer
This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, Loop Media's expected performance, ability to compete in the highly competitive markets in which it operates, statements regarding Loop Media's ability to develop content and acquire future content and partners, the success of strategic actions Loop Media is taking, and the impact of strategic transactions. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Loop Media believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. Loop Media takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by Loop Media. Loop Media'sSecurities and Exchange Commission filings are available at www.sec.gov.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20240829813244/en/
Loop Media Press Contact
Grant Genske
grant@loop.tv
Source: Loop Media, Inc.
