Business
Gamelancer records $343,045 in monthly recurring OTT video revenue in the month of October
Gamelancer records $343,045 in monthly recurring OTT video revenue in the month of Octobe...
About this update from Vertiqal Studios Corp
[{"type":"text","content":"\n \n \n \n Gamelancer records $343,045 in monthly recurring OTT video revenue in the month of October\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 16, 2022\n \n \n /CNW/ - Gamelancer Media Corp. (CSE: GMNG) (OTCQB: GAMGF) (FRA: P93) (\n \n \"Gamelancer''\n \n or the\n \n \"Company\"\n \n ), a media & entertainment company producing short-form video content for brands, with broadcast on its owned-and-operated TikTok, Instagram, and Snapchat channels, is pleased to announce that it has generated\n \n \n $343,045\n \n \n in monthly recurring revenue from short-form OTT video ad sales, in addition to direct media sales on TikTok.\n \n \n \n \n \n \n \n \n \n With custom video featuring Roblox, Minecraft, GTA, and other lifestyle content, Gamelancer now produces 15 custom video content series' featured on various OTT video platforms, with recently acquired JoyBox Media launching 2 OTT video content series in the month of October.\n \n \n OTT, or \"over-the-top\" media is a service which provides internet streaming of custom TV shows or movies, for subscribers of the platform to view. Gamelancer submits in-house produced video series to OTT platforms, who then broadcast Gamelancer video on their platform for subscribers to watch. Gamelancer receives a 50/50 revenue share on ad sales with the OTT platform broadcasting the content.\n \n \n \"Gamelancer's growing network of over 33,800,000 followers and subscribers on TikTok, Snapchat, and Instagram, constitute the largest GenZ and Millennial social media network in gaming. Our audience increasingly views our video content on subscription-based OTT platforms, which charge viewers a fee and generate advertising revenue, providing Gamelancer with a monthly recurring revenue stream. Our OTT video revenue has grown nearly 2X since June as we continue to launch new shows and channels, as per the press release dated\n \n \n June 15, 2022\n \n \n . Gamelancer will continue to build multiple short-form video series', featuring conte...