Viva Entertainment (OTTV): A Early Look At Potential Numbers
Let's face it- we are off to a rough start with Viva Entertainment price wise. I first featured the company at $.10 on August 4th, and it's now $.025.
I'm more concerned with where it will be at the end of 2016. With the right news, this thing could turn around and blow back through $.10 in a nano second, and catch everyone by surprise.
Two days ago the company made an announcement which leads one to believe the first commercial launch of their "Over the Top" streaming virtual cable service will be in the hospitality industry.
OTTV disclosed it was in talks with:
To refresh your memory, OTTV is entering the an arena I'll call "replacing the cable bill"- it's far cheaper, and available in both your home entertainment systems and on your mobile device.
Here's what the service looks like on my iPad. You can see the TV picture in the middle, which came in flawlessly, and the channel selections on the left hand menu bar.
I was able to watch CNBC and various other channels with ease.
Consumers will be able to obtain a small box about the size of a cell phone for the TVs at home.
This will also play on any mobile device, anywhere in the world.
There are also movies on demand, and a lot of other content options. All this for about $20 per month.
OTTV anticipates a 50/50 split with content providers of on-demand in room movies at $9.99, and a 50/50 split on advertising revenues associated with use of the service.
CEO Johnny Falcones points out 80% of hotel guests in Miami come from South and Latin America, and OTTV can provide a great deal of content in their native language.
While we're off to a rocky start price wise, the current level of $.025 seems to me to be a hell of a speculation. You can control a lot of stock for a few thousand dollars, and who knows what will happen if the company lands its first contract.
The second half of August is one of the sleepiest times of the year. Watch for news flow after Labor Day, and rebounding prices in many over sold small stocks - OTTV included.
Here is the complete text of this week's news:
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