Traders have certainly taken notice of Viva Entertainment Group Inc. (OTCMKTS:OTTV) over the past couple of weeks, and so have we, over here at Street Register. For good reason, too. The stock has made considerable moves, on the order of more than 1000%, in just a matter of ten trading days.
As recently as June 19th, shares of OTTV were changing hands for as little as .0003 per unit, and the stock has streaked to new highs close to a half a penny to kick off the short trading week. Whenever we take a look at a company for the first time, we like to provide a brief synopsis of its core business as described by the company itself, as well as taking a look at their most recently announced development.
Viva Entertainment Group Inc. (OTCMKTS:OTTV) styles itself as a technology company connecting content owners and video distributors to deliver premium content on any smart device with a screen, via an OTT system it has developed through which television services are delivered. According to Wikipedia, “Over-the-top content” (OTT) is a term used in broadcasting and technology business reporting to refer to audio, video, and other media transmitted via the Internet as a standalone product, that is, without an operator of multiple cable or direct-broadcast satellite television systems controlling or distributing the content.
The company only just recently announced the release of their long-awaited app, VIVAlive on Android’s Google Play and its TV Portal at http://www.vivalivetv.com.
Johnny Falcones, VIVA’s Chairman and Chief Executive Officer said, “I am extremely pleased and proud to make this announcement. Due to the unparalleled dedication by our team members, my vision is finally coming to reality. VIVA is focused to empower cable companies and telecoms globally with our cost-effective, content rich and technologically superior services, and to deliver a global subscriber base the ultimate entertainment experience while cutting the cord. To commence our launch, we have decided to offer all clients and shareholders a 30-day free trial. This promotion is designed to test the system and to allow VIVA users to provide feedback on the platform’s design, transmission quality and overall experience. VIVA will forever work hard to maintain our quality and a standard of excellence,”
The VIVAlive Apps contain Live Premium TV such as ESPN, ESPN2, TNT, Fox, Fox News, NBC, CNBC, MSNBC, CBS, TBS, Lifetime, MTV, BET, Telemundo, Univision, Cartoon Network, A&E, Animal Planet, AMC, Discovery, Comedy Central, Disney, E! Entertainment, FX, CW, History Channel, Lifetime, My Network, National Geographic, OWN, PBS, Spike, Syfy, USA, The Weather, Channel, Bravo, HLN, ION, CSPAN, VH1, Nickelodeon, Food Network, CMT, Hallmark, TLC, HGTV, QVC, CNN and ABC . VIVAlive also contains hundreds of independent and international channels from Latin America and around the world. It has thousands of movies.
VIVA is looking to produce its own movies to be seen exclusively on VIVAlive. Radio stations are to be added and the ability to shop. This includes an array of other technologies that will help enhance consumer experience and stay in their own Universe for a flat fee of $49.99 a month with no hidden charges. VIVA is working to be added in other platforms such as Smart TVs, Amazon Fire Stick, Apple TV and Roku. The subscriber base and affiliates will help generate immediate revenues to the company and shareholders alike. (Source: PRNewswire)
The ambitious project of OTTV will certainly be something to keep us drawn into tracking this stock, but quite frankly it’s the massive run on the chart that interests us the most. You can follow OTTV and tons of other stocks right here! Stay locked to Street Register for updates, and we’ll deliver important developments on OTTV as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in OTTV stock, short or long.