8-K: Authentic Holdings' Maybacks Global Entertainment Set to Launch Universal App and Expand into Six Major Countries

Authentic Holdings' subsidiary, Maybacks Global Entertainment, is poised for significant growth with the launch of a universal app and expansion into six major international markets.

Summary

• Authentic Holdings' subsidiary, Maybacks Global Entertainment, has significantly expanded its content offerings, growing from 21 channels to 56 in less than a year.
• Maybacks now has 18 affiliate stations in major markets and expects to add 20 more in the next 12 months.
• The company is developing a universal app for both APK and iOS platforms, which will allow users to pause, rewind, and fast forward live TV, and is expected to be completed in three weeks.
• Maybacks has secured partnerships with two major TV manufacturers to distribute its 56 channels under the iDream TV Network, reaching over 350 million homes with Smart TVs.
• The company anticipates substantial revenue from Vast Tag partnerships with these manufacturers, potentially dwarfing the $4.5 million projected from a previous partnership.
• Maybacks will also launch a subscription-based service for $3.99 per month, offering access to a film and TV library and cloud storage.
• The company plans to launch VOD and cloud storage services, leveraging its library of 17,000 films and TV shows acquired in June 2023.
• Maybacks is also planning to broadcast live TV and Pay-Per-View events, with a large global PPV event planned for the Fall of 2024.
• The company will broadcast a live MMA event on March 1st on its Toro TV network.

Sentiment

Score: 9

Explanation: The document is highly positive, highlighting significant growth, strategic partnerships, and new revenue opportunities. The company's outlook is optimistic, and the potential for future growth is substantial.

Positives

• Maybacks has experienced rapid growth in content offerings and distribution channels.
• The development of a universal app will enhance user experience and engagement.
• Strategic partnerships with major TV manufacturers will significantly expand the company's reach.
• The subscription service and VOD offerings will create new revenue streams.
• The company's ownership of its content provides a competitive advantage.
• The planned expansion into six major international markets presents a significant growth opportunity.

Negatives

• The previous Vast Tag revenue share program with Local BTV did not launch due to Local BTV going dark.
• The company is relying on new partnerships to achieve its revenue goals.

Risks

• The success of the new app and subscription service is dependent on user adoption.
• The company's revenue projections are based on the success of new partnerships and revenue sharing agreements.
• The competitive landscape in the free TV and streaming space is intense.
• The company's ability to execute its expansion plans and manage its growth effectively is crucial.

Future Outlook

Maybacks is positioned for significant growth with its app launch, international expansion, and new revenue streams. The company is optimistic about its future and expects to strengthen its financial position and market presence.

Management Comments

• All of the four subsidiaries are making quantum leaps forward, which milestones we will share with our shareholders as they occur.
• We are extremely optimistic about the future of this company as well as our other subsidiaries.
• We look forward to keeping you apprised as we move further down the path towards a stronger P & L, Balance Sheet and stronger presence in the public markets.

Industry Context

The announcement highlights the growing trend of free ad-supported streaming television (FAST) and the increasing demand for content. Maybacks is positioning itself as a major content provider to smaller networks, capitalizing on the need for content in the free TV space.

Comparison to Industry Standards

• The expansion of Maybacks' channel offerings from 21 to 56 in under a year is a rapid growth rate compared to many established networks.
• The development of a universal app with features like pause, rewind, and fast forward is a significant step in the free TV space, which often lacks these features.
• The partnerships with major TV manufacturers for content distribution are similar to strategies used by larger streaming platforms to expand their reach.
• The planned subscription service at $3.99 per month is competitive with other streaming services, but the inclusion of a terabyte of storage is a unique offering.
• The company's focus on owning its content is a strategic advantage, similar to how major studios control their intellectual property.

Stakeholder Impact

• Shareholders are expected to benefit from the company's growth and increased revenue.
• Customers will gain access to a wider range of content and enhanced viewing experience through the app.
• Partners will benefit from the increased reach and revenue opportunities.
• Employees may benefit from the company's growth and expansion.

Next Steps

• Complete the development of the universal app in three weeks.
• Launch the app and subscription service.
• Expand into six major international markets.
• Broadcast the live MMA event on March 1st.
• Produce and broadcast a large global Pay-Per-View event in the Fall of 2024.

Key Dates

Keywords

Maybacks Global Entertainment, Authentic Holdings, Free TV, OTT, Streaming, Content Distribution, Vast Tag, Subscription Service, Universal App, Pay-Per-View, iDream TV Network, Content Ownership