Viva Entertainment Group Inc (OTCMKTS:OTTV) is trading upwards of 20% today. The volume has been extremely strong surpassing 22M and staying well above 12M for most of the morning. OTTV has been on a crazy ride for most of the month, so let’s get an updated and see if we can get an idea of what to expect going forward.
OTTV trumpets itself as a global entertainment and technology company connecting content owners and video distributors to deliver premium content on any smart device with a screen.
Viva Entertainment Group Inc (OTCMKTS:OTTV) has developed an OTT system through which television services are delivered using the Internet protocol suite over a network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal and cable television formats.
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According to company materials, “VIVA Entertainment Group, Inc. is a global entertainment and technology company connecting content owners and video distributors to deliver premium content on any smart device with a screen. VIVA has developed an OTT system through which television services are delivered using the Internet protocol suite over a network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal and cable television formats. VIVA, your entertainment partner, provides subscribers access to the content they want anywhere, anytime. With a WiFi connection our customers can watch Live TV from around the world, TV shows, as well as movies on demand, Tele-video conference and many other interactive features. Independent and major film studios, television networks, Telecoms, Cable Companies, and emerging ISPS partner with VIVA for enhanced capabilities in multi-platform video distribution. The only true end-to-end provider of premium content technology services, VIVA looks to license and deliver to traditional and OTT video distributors across the world.”
OTTV’s principal driver for this fluctuation has been the company’s launch of its OTT TV app, VIVAlive, on Android’s Google Play and its own TV Portal. OTTV deals in “Over the Top” television or OTT, which is basically what Netflix and Hulu do. It is a good business to be in, even if it has been relatively democratized with companies like Dish Network and CBS entering the market, because it is set to climb from $28 billion to $62 billion by 2020.
According to the company’s release, 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
The app has not received the most favorable reviews on many sites, not that this is a good judge of future growth. But, the company is in an industry that we must take notice because of its extreme growth. TV and entertainment breakthrough have the potential to see CAGR in double-digit rips year over year. So, while OTTV is small, it still needs to be on our radar.
Viva Entertainment Group Inc (OTCMKTS:OTTV) is leveling out since its spike but the action here is still up and down. OTTV is currently carrying a market cap of $8.84M and 926 million shares outstanding. We are watching this company closely and looking to see how the app sells the rest of the year. For continuing coverage on shares of $OTTV stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $OTTV, either long or short, and we have not been compensated for this article.