Universal Media Group Inc (OTC:UPMG) Stock In Focus After Latest News
It can sometimes be a bit overwhelming for investors to keep track of all the companies which may be worth tracking on any given day. Hence, it is perhaps necessary to keep track of the news cycle and keep an eye on those companies which may have been in the news for one reason or another. One of the companies which could well be in focus among many investors this morning is Universal Media Group Inc (OTC:UPMG) in light of the announcement made by the media and entertainment company yesterday.
The company announced yesterday that it had gone into a path breaking two year agreement with a subsidiary of Fox Television named Fox Soul TV. In the news release, the company noted that the deal demonstrated the commitment of Universal Media Group to provide high quality and appealing content for a bigger audience. The agreement was a particularly significant one since it marked the debut of the show ‘Before the Fame with Mike Sherman’ on Fox Soul. There had been a lot of buzz about the show in recent times. The show had been scheduled for broadcast on November 24 at 6 PM EST and at 6:30 PM EST.
It was further noted that the show was supposed to be a closer look into the interesting lives of famous figures from the world of entertainment, sports and music. The show would be hosted by Suncoast Emmy nominated host and producer Mike Sherman. Some of the personalities who are expected to be featured on the show include Lamorne Morris, DJ Khaled, Jamie Fox and Mike Tyson among others. The show would provide viewers with a look into the path that had been taken by the subjects to become successful.
The company noted in its news release that it was thrilled to have been able to go into collaboration with Fox Soul. Fox Soul is a network that reaches viewers across the nation due to its considerable presence on cable, linear and streaming platforms. Hence, ‘Before The Fame with Mike Sherman’ would available to a large base of viewers spread across the nation. The company also stated that it was going to come up with more updates soon.
The company had made a key announcement about the show on August 1 when it revealed that ‘Before The Fame with Mike Sherman’ was going to be made available on Tubi for streaming. That was another major development for Universal Media Group given the stature of Tubi as a leader in the AVOD television platform space in North America.
As of January 2023, Tubi boasted of 64 million active monthly users. Owned and operated by the Fox Corporation, the platform is regarded as a major constituent of the digital streaming business of Fox. The President of Universal Media Group, Mike Sherman spoke about the development as well. He noted that the possibility of having a partner like Fox and a streaming and broadcasting partner like Tubi for the sow was a significant milestone.