NetworkNewsBreaks – Bravo Multinational Inc. (BR
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Posted On: 05/23/2024 4:43:51 PM
NetworkNewsBreaks – Bravo Multinational Inc. (BRVO) Tapping into Growth Projected Within Various Segments of the Streaming Market
Bravo (OTC: BRVO) finalized the acquisition of certain streaming assets of Streaming TVEE, Inc., including the TVee NOW(TM) streaming platform, which delivers content directly to users via the internet. The beta version of TVee NOW launched in Q1 2024. “The acquisition enabled Bravo to own cutting-edge, over-the-top (‘OTT’) streaming technology, allowing it to deploy a hybrid model that blends advertising-based video-on-demand (‘AVOD’) and subscription-based video-on-demand (‘SVOD’) services… Bravo is nonetheless also looking to form partnerships with Free Ad-Supported Streaming Television (‘FAST’) channels to enrich its platform with even more content,” a recent article reads. “Bravo’s move to acquire and subsequently launch TVee NOW is advantageous on multiple fronts: it enables the company to tap into the growth projected within the various segments of the streaming market. In its market analysis report, for instance, Omdia noted that FAST channel revenue rose about 20x between 2019 and 2022 and is expected to triple between 2022 and 2027 to reach $12 billion. Statista separately projects that the global AVOD market will achieve a revenue of $48.32 billion by 2024. It is expected to grow further by a CAGR of 9.53%, reaching $63.50 billion by 2027. The SVOD market is expected to grow from $108.5 billion in 2024 to $137.7 billion by 2027, representing a CAGR of 8.27%, while OTT revenue is expected to grow from $154 billion in 2022 to $215 billion by 2029.”
NOTE TO INVESTORS: The latest news and updates relating to BRVO are available in the company’s newsroom at https://nnw.fm/BRVO
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Bravo (OTC: BRVO) finalized the acquisition of certain streaming assets of Streaming TVEE, Inc., including the TVee NOW(TM) streaming platform, which delivers content directly to users via the internet. The beta version of TVee NOW launched in Q1 2024. “The acquisition enabled Bravo to own cutting-edge, over-the-top (‘OTT’) streaming technology, allowing it to deploy a hybrid model that blends advertising-based video-on-demand (‘AVOD’) and subscription-based video-on-demand (‘SVOD’) services… Bravo is nonetheless also looking to form partnerships with Free Ad-Supported Streaming Television (‘FAST’) channels to enrich its platform with even more content,” a recent article reads. “Bravo’s move to acquire and subsequently launch TVee NOW is advantageous on multiple fronts: it enables the company to tap into the growth projected within the various segments of the streaming market. In its market analysis report, for instance, Omdia noted that FAST channel revenue rose about 20x between 2019 and 2022 and is expected to triple between 2022 and 2027 to reach $12 billion. Statista separately projects that the global AVOD market will achieve a revenue of $48.32 billion by 2024. It is expected to grow further by a CAGR of 9.53%, reaching $63.50 billion by 2027. The SVOD market is expected to grow from $108.5 billion in 2024 to $137.7 billion by 2027, representing a CAGR of 8.27%, while OTT revenue is expected to grow from $154 billion in 2022 to $215 billion by 2029.”
NOTE TO INVESTORS: The latest news and updates relating to BRVO are available in the company’s newsroom at https://nnw.fm/BRVO
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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