SEATTLE, WA, April 27, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – ReelTime VR / ReelTime Media (OTC: RLTR) has confirmed that it is ready to launch ReelTime Media channels on the Amazon Fire TV streaming platform. ReelTime TV channels started appearing on Roku as announced last week and will be viewable on Amazon Fire TV in the coming weeks.
The “ReelTime TV” channels will join the known cable products now available such as ESPN, CBS, NBC, AMC, HGTV, CNN and others that have launched channels on Amazon Fire TV. ReelTime TV channels will contain a combination of original ReelTime Media programming as well as other cutting edge content. Along with the United States, Fire TV is present in key territories such as Mexico, Brazil, India, Japan and all of Europe, with users streaming “billions of hours of content every month”.
Barry Henthorn, CEO, said: “The addition of Amazon Fire TV to the ReelTime TV distribution network provides ReelTime with additional ad inventory with a potential reach of active users of over 100 million per month. This will allow us to further monetize completed productions while attracting advertisers to current and future productions. It will also present our unique programs to a much wider audience. “
Roku and Amazon Fire TV are at a stalemate for the most popular Cord Cutting streaming option with a combined audience of over 100 million monthly active users. More people currently pay for video streaming service than those who subscribe to traditional pay-TV services, according to a new survey.
According to the data published According to consulting firm Deloitte, 69% of consumers pay for some type of Internet video streaming service, while only 65% of consumers pay for cable or satellite subscriptions. This is a huge increase from 2009, when only 10% of consumers subscribed to internet video services, and a 10% increase from 2019.
The trend of this cable cutting data is quite generational. Among millennials, those aged 22 to 35, 88% subscribe to Internet video services while only 51% subscribe to cable or satellite. Among Generation Z, 14 to 21 year olds, 80% subscribe to Internet video services and 57% pay for traditional pay television.
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ReelTime has officially submitted an application as a seasoned company seeking to transfer stock and / or debt from another US stock exchange to be listed on the NASDAQ Capital Market Exchange. The request has been registered in the NASDAQ Enrollment Center, all applicable fees have been paid, and a enrollment analyst has been assigned to ReelTime to assist you through the process. In addition, the application for a new symbol (NASDAQ: RT) to be reserved for ReelTime to be traded once the Company has met all quantitative and qualitative criteria, including certain corporate governance requirements, has been requested. approved. ReelTime will continue to submit additional information and documentation as required based on feedback from its assigned quote analyst and others at NASDAQ who will assist ReelTime, ensuring they are satisfied. all qualifications required for NASDAQ Capital Markets securities under Rule 4300 and / or any other. other applicable regulatory requirements. ReelTime will also need to adhere to corporate governance standards set by the NASDAQ. In addition, ReelTime must comply with NASDAQ requirements for audit committees, director appointment process, executive compensation, board composition, management sessions, quorum and code of conduct, among others.
ReelTime will continue to trade on the OTC markets under the symbol (OTC: RLTR) throughout the process and until the switch to the NASDAQ Capital Market becomes effective, at which point the ticker symbol will change to (NASDAQ: RT).
The NASDAQ Capital Market provides companies with the capital they need to grow their businesses. The NASDAQ Capital Market also provides a listing venue that promises to adapt to different stages of business life. All companies listed on the NASDAQ Capital Market must meet all of the qualifications required for NASDAQ securities in Rule 4300. Companies must also adhere to the corporate governance standards set by the NASDAQ.
ReelTime engaged Pinnacle Accountancy Group of Utah (“Pinnacle” a dba of the audit firm Heaton & Company, PLLC, registered with the PCAOB) to perform an independent audit of the financial statements of the company. The audit will be conducted in accordance with the guidelines set out by NASDAQ Registration Requirements and Public Enterprise Accounting Oversight Board’s Auditing Standards. Pinnacle is one of the leading companies in the United States and overseas and internationally. Its partners and staff have been providing auditing services to SEC filers since 2001 and are very experienced in handling the complex auditing and accounting challenges facing public companies.
ReelTime Media has entered into a technology / software license and development agreement with Baristas (OTC: BCCI) “Munchie Magic”. The license agreement grants Munchie Magic perpetual and exclusive worldwide access to the use of technology and methodologies developed by ReelTime that allow virtual restaurants to integrate with its partners functions of integration, marketing and administration for use with the Munchie Magic virtual restaurant or other convenience store. delivery concepts. The agreement also allows Munchie Magic to develop in concert with ReelTime or independently of derivatives and / or stand-alone methodologies. In exchange for ReelTime’s perpetual and exclusive worldwide license for the Munchie Magic concept and convenience store derivative Virtual Restaurants, ReelTime will receive a per-transaction license fee of $ 0.35 in perpetuity in conjunction with the terms of the agreement on and after. January 1. , 2021. Baristas “Munchie Magic” has opened more than 50 stores in the past nine months to deliver Ben & Jerry’s ice cream, snacks and hot meals to customers through delivery partners DoorDash, GrubHub and Uber Eats. www.munchiemagic.com in the state of WA and has now spread to Oregon, California, Illinois and Arizona.
ReelTime VR (OTC PINK: RLTR) has confirmed that patent application number 15/654,613, titled Simultaneous Spherical Panorama Image and Video Capture System, was officially published under U.S. patent number 10,761,303 on September 1, 2020. The patent term is 20 years and 247 days from the first filing date of the patent application, calculated as March 23, 2038. Although the original technology allows any cell phone or other camera to capture Instantly videos or 360 X 360 virtual reality images without any stitching, the patent provides protection against counterfeiting of any capture of a plurality of images using at least one mirror. It covers a wide range of industries and uses.
About NASDAQ Capital Markets: Nasdaq is a global technology company serving the financial markets and other industries. Its diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. A diverse selection of over 4,000 companies choose to be listed on the US, Nordic and Baltic Nasdaq stock exchanges, representing sectors such as retail, healthcare, finance and technology. In the United States, Nasdaq is the listing location for many of the world’s most interesting companies. The Nasdaq stock market has three distinct levels: the Nasdaq Global Select Market®, the Nasdaq Global Market® and the Nasdaq Capital Market®. Applicants must meet certain financial, liquidity and corporate governance requirements to be permitted to be listed on any of these market levels.
About ReelTime Rentals, Inc. d / b / a ReelTime Media: www.reeltime.com is a publicly traded company based in Seattle, WA (OTCPK: RLTR). ReelTime Media offers end-to-end production capabilities and discounted media buying that redefines the way businesses price and buy their televisions, radios, print and other new media. ReelTime is also active in the development, production and distribution of virtual reality content and technologies. We have end-to-end production, editing and distribution capabilities for internal and external projects. ReelTime is currently producing three ongoing series for the Samsung Gear VR platform and distributing them on numerous VR delivery portals including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Facebook and others. ReelTime Media also publishes the book “It Was Always Me! Edward Edwards, The Most Prolific Serial Killer Of All Time”, which has been featured on the cover of People magazine, Rolling Stone, In Touch and a six-part series. . on the Paramount network, www.itwasalwaysme.com.