Business
Sports Venues of Florida Announces the Official Launch of Live Youth Sports Network with First Venue Set to Go Live
Sports Venues of Florida Announces the Official Launch of Live Youth Sports Network with First Venue Set to Go Live.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n TAMPA, FL, March 12, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sports Venues of Florida, Inc., (OTCMKTS:BTHR) (“Sports Venues of Florida”, “BTHR”, or the “Company”), an emerging leader in the youth sports, family sports entertainment, and eSports markets, is excited to announce the official launch of the Live Youth Sports Network (“LYSN”) through the installation of its inaugural live-stream venue at a high school in southern Florida (the “School”). LYSN and the School have jointly executed an agreement (the “Agreement”) allowing the LYSN to live-stream all of the School’s sporting events through the LYSN’s sports portal. The Agreement calls for the LYSN to install all equipment and immediately begin streaming all of the School’s sporting events in 2020. “We are lining up hundreds of schools as potential venues right now,” commented John V. Whitman, Jr, BTHR CEO. “But we are extremely excited to get LYSN actually up and running at the first location with the first active partner school. This represents the first tangible venue and will act as a pilot case study. Once this first example is up and running, we will be able to demonstrate how seamlessly this technology works. Along with strong testimonials from users and viewers, we believe we can trigger a rapid expansion of the network because demand for this product is just bubbling under the surface according to our research.” Management notes that LYSN will be installing HD cameras in every one of the School’s athletic venues, enabling the live streaming and archiving of all of the School’s events for pay per view access by parents, grandparents, military personnel, alumni, scouts and anyone else who cannot physically make it to the game. The monetization model for this relationship leverages both local advertising and pay per view viewership of individual streamed events. Some percentage of local advertising revenues from streamed events is being earmarked for the School to assist in fundraising to support the School and its surrounding community. As this model rolls out and expands, the Company plans to focus initially on the eastern US market, with plans to expand to the entire domestic US market in 2021. Whitman continued, “According...