Authentic Holdings Inc. (OTC:AHRO) Stock Gains Momentum: Here is Why
Anyone who may be looking into momentum stocks this morning may consider taking a closer look at Authentic Holdings Inc. (OTC:AHRO), which saw its stock gain strong momentum on Tuesday. The company came into focus on August 3 after a key development with regard to its subsidiary unit, Maybacks Global Entertainment. It emerged that Maybacks had inked an agreement with Didja Inc., which is also known as LocalBTV.
As per the provisions of the agreement, Maybacks would provide content for as many as 13 networks in lieu of sharing revenues. The revenues would be based on the monthly impressions recorded across the networks on the local TV platform in Didja. At this point, Didja’s networks serve markets in Southern California, San Diego, Phoenix, Philadelphia, San Francisco, and New York City. Didja is currently one of the fastest-growing local TV programming networks.
The company’s LocalBTV apps and cloud platform are designed for the purpose of catering to local TV viewers and boosting revenues for broadcasters. The President of Authentic Holdings, Chris Giordano, spoke about the matter as well. He noted that it was a major moment for both companies and suited both. While Maybacks would provide much-needed content, LocalBTV would prove to be a large platform, which would lead to strong revenues.
He went on to note that the content from the company that was already available on platforms like Direct TV and ROKU would be featured in the local markets due to the agreement signed with Didja. Giordano noted that LocalBTV clocked monthly impressions of 120,000,000 per month. The revenues would be calculated by dividing monthly impressions by the CPM divider and multiplying it by $20. Additionally, Didja is also intent on aggressively expanding its presence, which would also help grow the number of impressions for LocalBTV in the long term.
Authentic Holdings has been working on growing its content offerings for quite a while, and on June 20, it further bolstered them through the acquisition of Goliath Motion Pictures Promotions. At the time, Giordano stated that the acquisition was going to fulfill a strategic puzzle for Authentic Holdings as it continued to move towards turning into a major media and merchandising entity. He said that Goliath Motion Pictures had been diligently building up a massive library for 17 years.
At the time of the acquisition, the library consisted of more than 15000 full-length films and television shows across all the possible genres, dating back to the 1940s and through to 2021. However, he went on to add that the company’s work on boosting its library was not complete. Even though Authentic Holdings made a major addition to its content library, it would continue to work on the addition of hundreds of films each month to boost the variety and depth of its offering. He noted that, following the addition of the library, the company was going to monetize it through tokenization. Tokenizing would help it distribute the content to platforms not only in the United States but all over the world.
