Bravo Multinational to acquire Streaming TVEE assets

Bravo Multinational has entered into an Asset Purchase Agreement to acquire the assets of Streaming TVEE, Inc., thus solidifying its entry into the dynamic world of streaming. This strategic move establishes the business foundation for its previously announced flagship offering, aptly named TVee NOW, slated for Beta launch in Q1 2024, the new streaming service will be available directly to consumers via the web on any Connected TV, smartphone or tablet. The Company is actively launching TVee NOW applications, which will be available for download in the Roku Channel Store, Apple Store, and Google Play Store. TVee NOW intends to offer linear TV, often referred to as traditional broadcast TV, which encompasses cable and satellite networks through a joint venture with Pythia Experiences currently set to close at a later date. The Platform will also extend an array of on-demand content, including but not limited to, movies, series/shows, concerts, comedy specials, events, and more – all at no or low-cost to its viewers. TVee NOW also plans to supplement its own slate of original and exclusive content. A key highlight of the Agreement includes Streaming TVEE’s recent acquisition of MWP Entertainment Group’s video property assets, which includes exclusive rights, image and likeness, label waivers, and exploitation rights for streaming of 117 high-definition music and comedy performances, each offering a director’s cut and multiple camera perspectives. Some music artists on the list include H.E.R., Jane’s Addiction, Snoop Dogg, and Moonalice; along with comedic performances from Bill Burr, Jim Gaffigan, Kristen Schaal, Rob Delaney, and more. The Agreement includes acquiring the license of OTT streaming technology which is a hybrid model comprised of Advertising-based Video-on-Demand, utilizing programmatic advertising through ad servers, and Subscription-based Video-on-Demand, which the Company plans to offer at competitive rates compared to other services.