VIVA Entertainment Group, a global entertainment and technology company connecting content owners and video distributors to deliver premium content on any smart device, announced it has received $3 million of financing commitments which include a combination of debt instruments and warrant coverage to be issued. Of that amount approximately $400,000 has been received by the company. Led by Greentree Financial Group and The Brewer Group, the financing will support content acquisition, sales, marketing and advertising of the Company's over-the-top (OTT) offering, including the rollout of the mobile app that will be available on Apple devices as well as Android operating systems. Additionally, the Company is working on a commercial and residential set box unit and a series of projects thereafter.
"We are excited by the prospects of our investment in VIVA," commented Robert C. "Chris" Cottone, Vice President of Greentree. "We believe the Company's technology serves the evolving demands of today's mobile and sophisticated consumer. The Company positioned itself at the right place, at the right time, and can help fundamentally change the way the world watches television today. VIVA's management team, along with key strategic partners, has a clear vision and a well-structured plan to deploy VIVA's OTT offering and meet market demand."
"We believe this technology can have a significant impact on the rapidly growing OTT market. Today's savvy consumer begrudges the cable box while still demanding content from around the world. VIVA and its management team have made those modern consumer needs their sole focus and developed an OTT solution that is both cost-effective and technologically superior," said Ambassador Jack Brewer, CEO and Portfolio Manager of The Brewer Group Companies, and former National Football League (NFL) player (2002-2006), who is co-funding VIVA along with Greentree.
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, and any television.