Somerset, NJ -- March 27,
2024 -- InvestorsHub NewsWire -- Authentic Holdings, Inc.,
(OTC PINK: AHRO) Maybacks Global Entertainment's
iDreamCTV network has signed twenty-three affiliate station
agreements. iDreamCTV will supply these
stations content and in turn will have revenue share agreements
with stations in NYC, Schenectady, Troy, Gloversville, Nashville,
Fresno, Syracuse, Portland, Dayton, Dallas, Houston as well as San
Diego, Los Angeles, Palm Springs, Detroit, and Miami to name a
few.
Chris Giordano President
and Chairman of Authentic Holdings, Inc stated "The team at
Maybacks has been nothing less than spectacular in establishing the
foundation of what we feel will become one of the largest
independent "free TV" networks in the country. Now that we have
built out the foundation for the networks, with a state-of-the-art
back-end tech stack, a beautiful user interface and 56 channels we
can establish a substantial presence in the free TV
market."
The heartbeat of every
network is its content which drives an audience to watch and
subsequently creates revenue through advertising. There are many
independent television stations in both large and small cities that
are devoid of content and henceforth devoid of advertising revenue.
They look to other networks for their content and programming,
which they then broadcast in their own markets which allows them to
establish revenue sharing agreements with the providers of the
content.
The problem these
broadcast stations often face, is that most large corporate
networks, do not freely share their content with other station
owners; they may keep it vaulted and/or exclusive, which usually
ends up costing the consumers higher prices in subscription fees.
It also makes the "playing field" for advertisers smaller; the
prices for advertising become nearly impossible for an average
independent business owner to be on TV. Some call this the
"lower hanging fruit," we call it a great opportunity for all. Our
line-up of 30 + fast channel networks create a great place that
allows smaller businesses to also achieve the goal of reaching the
masses.
Priscella
Cooper-Holyfield, EVP of Maybacks stated "Our Fast channels usually
do not cost the consumer anything, but the channels show ads to
make money. The ad server (which is like a super-smart computer)
studies metadata on geography, type of channel watching, to
consumer preferences. It's like the ad server saying, "Hey, since
you are watching our fitness channel, you probably love sneakers,
so here's an ad for cool new sneakers!" Making the viewers' TV time
more interesting and customized, just like picking your favorite
flavor of ice cream!'
Chris Giordano further
stated; "We own a tremendous amount of content which includes over
30,000 movies and serial television shows. We will be aggressive in
sharing our content with station owners with the goal of creating a
coast-to-coast affiliate program that gives us a true national
footprint for advertisers and revenue generation. The more
geography and markets we cover the greater our ad rates will be
going forward, which will have a direct impact on our P & L for
years to come.
Maybacks also acts as a
marketing and advertising support mechanism for our other
subsidiaries. An example would be supporting our Vinyl subsidiary,
or the Authentic Heroes subsidiary and the product offerings of
both entities by running advertisements across our entire
soon-to-be global network. Most importantly, these advertisements
do not cost our subsidiary a single red cent since we own all of
the networks.
Lastly, while
establishing our domestic footprint, we are also working diligently
on establishing an enormous international presence with two major
marketing partners. These partnerships will give Maybacks a
worldwide presence covering just about all the geography in the
world that matters. Being in partnership with these major household
names in the field of electronics will be a driver for growth for
years to come.
iDreamCTV is a network
that is growing at a torrid pace. Moving forward, it is our goal to
become one of the world's largest independent free TV brands, while
having a global footprint and being an industry
standout"
Safe Harbor
Act
Forward-Looking
Statements: This release contains statements that constitute
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. These statements
appear in a number of places in this release and include all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of Authentic Holdings, Inc,
its directors, or its officers with respect to, among other things:
(i) financing plans; (ii) trends affecting its financial condition
or results of operations; (iii) growth strategy and operating
strategy. The words "may," "would," "will," "expect," "estimate,"
"can," "believe," "potential" and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements including those relating to the Company's ability to
execute its acquisition strategy, and to launch its growth and
expansion plans, among others, are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond Authentic Holdings, Inc's ability to control, and actual
results may differ materially from those projected in the
forward-looking statements as a result of various factors. No
information in this press release should be construed in any way
whatsoever as an indication of Authentic Holdings, Inc.'s future
revenues, financial performance, or stock price. More information
about the potential factors that could affect the business and
financial results is and will be included in Authentic Holdings,
Inc, filings with the Securities and Exchange Commission
at www.sec.gov.
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