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.”
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About Bravo Multinational Inc.
Bravo is actively exploring opportunities in the entertainment, hospitality and technology sectors with the goal of generating long-term value for its shareholders through high-growth business ventures. Currently focused on pioneering innovative solutions in the digital content landscape, Bravo’s goal is to provide cutting-edge and diverse content experiences to a global audience. For more information, visit the company’s website at www.BravoMultinationalInc.com.
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