BBTV Holdings Inc., the leading creator monetization company with a mission to help creators become more successful, today announced it has signed a Content Management deal with a top 5 global film studio.
- Management expects the client to be among the largest of BBTV’s growing Content Management portfolio as it relates to revenue, based on the client’s significant video library.
- The deal follows the Company’s announcement in Q1 2023 of a top multinational entertainment and record label conglomerate, the largest in Content Management signed to date.
- BBTV continues to successfully convert the largest Content Management pipeline in the Company’s history as it executes its strategic realignment around Plus Solutions, which drive significantly higher margins than the Company’s Base Solutions business.
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“There is a significant need in the world of entertainment across multiple key verticals to connect with the digital generation, and the results speak for themselves as we make more progress on our extensive deal pipeline,” comments Lewis Ball, Chief Strategy Officer, BBTV. “We’re proud to be providing our solutions to more than 20 of the world’s largest media companies, including Entertainment, Music, Sports and more, helping them to grow and engage an audience community that’s impossible to reach anywhere else. We’re excited to ramp this one up over the coming quarters.”
Content Management is an important part of the Company’s Plus Solutions business and represents a significant portion of the segment revenue, which surpassed $50 million in 2022. Plus Solutions revenue is expected to grow by 30% again in 2023 and is a key revenue stream for BBTV’s accelerated path to profitability.
SOURCE: PRNewswire