Mr. Lewis Ball reports
BBTV SIGNS CONTENT MANAGEMENT DEAL WITH A TOP 5 GLOBAL FILM STUDIO
BBTV Holdings Inc. has signed a content management deal with a top five 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 per cent again in 2023 and is a key revenue stream for BBTV's accelerated path to profitability.
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.
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