other material
confidence medium
sentiment positive
materiality 0.55
Maybacks grows to 31 OTA/OTT networks, revenue up 2x; management to convert $2M debt to preferred
Authentic Holdings, Inc.
- Maybacks now 31 networks (up from 14); nearly 100,000 Roku app downloads with minimal marketing.
- Insert ad revenue up 2x in Q3 vs Q2; expects 3-4x spike in Q4 with 28 additional networks.
- Management converting ~$2M in advances into convertible preferred stock, convertible only after $1M net earnings and NASDAQ uplisting.
- Signed agreements with Universal Music/Bravado and IMG; expects to sign two NFL player licenses in Q4.
- Expanding Maestro license to include streaming and NFTs; awaiting SEC guidance; developing Technicolor USA for vinyl.