VYRE Network (OTC:CAPV) Stock Gains Momentum: But Why?

As another trading week continues, it would be a good time for investors to take a look at some of the companies that have made it into the news cycle. On Wednesday, it was VYRE Network (OTC: CAPV), which had come into the news cycle following a key announcement. It should be noted that VYRE Network is known for operating a leading free streaming worldwide platform that provides new-generation shows, movies, and sports-related content both on-demand and live.

The company announced on December 27 that it had established vAfrica Media as a subsidiary unit of the vAfrica streaming channel. It should be noted that vAfrica Media is involved in amplifying the creativity of the underserved African entertainment market around the world. It aims to do so through films, live events, and television. Additionally, it was also noted that vAfrica Media also put a wide range of monetization strategies in place.

In the news release yesterday, VYRE Network noted that vAfrica would be able to provide the reach and scale to African producers for delivering content to the company’s diaspora-targeted audience. However, it was also announced that the whole thing would take place through a phased strategy stretching over multiple phases. In the first phase of the vAfricA Media development, we would be involved with the building of the distribution channels for the content.

Additionally, the new venture would also aim to become one of the most important distribution channels for the fast-growing film industry in Africa. It would give the vAfrica streaming service a large number of projects, which it could then stream at a global level. The second phase of the project from VYRE would involve the building up of the resources and infrastructure in the African film and television industries. The third and final phase would be aimed at providing more green projects.