ROW8 acquires Rad to power its premium movies streaming service with NFTs

LOS ANGELES, Dec. 21, 2022 /PRNewswire/ — ROW8, the premium movie streaming service featuring the latest Hollywood blockbuster Black Adam, stars Dwayne. The Rock” Johnson, Ticket to Paradise by George Clooney and Bullet Train by Brad Pitt acquired the metaverse and web3 streaming platform Rad. ROW8 features premium video-on-demand movies from every major studio on its platform. All studio partners are exploring NFT in one way or another. Rad has been building immersive streaming technologies and leveraging smart contracts for over 5 years and has many of the same studio partners for VR and blockchain content. when combined Both companies will work with major studios and leading NFT projects built for web3 and metaverse.

Jasmina Christoph, Founder and President of ROW8, said: “Rad’s 3 Web Creator Toolkit, coupled with ROW8’s Hollywood film library, will make our platform the premier destination for both digital and film collectibles. your favorite”

Rad CEO Tony Mugavero said, “ROW8 is a company best positioned in the world to easily lead Hollywood into the future. with patented technology, applications and deep relationships with the world’s largest studios,” said Tony Mugavero, CEO of Rad. There is one in the entertainment industry, and Rad works with the same studios on web3 and XR, which means we can accelerate the adoption of forward-thinking releases from trusted places.”

ROW8 has streaming deals with all major movie studios, including Disney, Universal, Warner Brothers, Paramount Pictures, Sony Pictures Entertainment. and serving over 1,800 movies in theaters. ROW8’s patented technology includes the ability to geo-locate viewers and share revenue with nearby theater chains. dynamic “scene alerts” to let viewers see if the next scene is scary or adult-themed; and their proprietary “movie love guarantee”. This allows viewers to return a movie and switch to another if they don’t enjoy it.

Also Read :  Creepy Googly Eyes Could Make Self-Driving Cars Safer for Pedestriants, Researchers Claim

Rad has streamed innovative content with every major studio and broadcaster around the world, licensed content or powered experiences in VR and web3, and has streaming apps on PlayStation 4 and 5, Android TV, iOS and Meta Quest, and established a global leadership position in VR, distributing content to devices such as PlayStation VR, HTC Vive, and Windows Mixed Reality. Rad was the first streaming service to offer NFT subscriptions and launched the full NFT Stream Pass. Formed in December 2022, Rad has published NFTs with companies like DKNY, Hacksmith, Cinedigm, and directly with creator Elliot Sloan and platinum rapper Calboy. Rad is also working with ConsenSys to create a cross-platform platform. Chains Ara with ARA tokens, which will power ROW8’s NFT platform. Rad also has a number of well-known studios and media investors, including Disney, Sony Innovation Fund, A+E Networks, WWE, Warner Music Group, Gary. Vaynerchuk and more

Tony Mugavero will become CEO of the combined company. and Rad’s management team will remain a part of the transaction.

“We are very excited to join ROW8,” said Brooklyn Eric, Chief Marketing Officer at Rad, who will serve as Chief Strategy Officer after the acquisition. “When put together We will be the first platform to showcase movies like Avatar and Top Gun alongside NFTs from Hollywood studios and advertisers on the web3.”

Also Read :  CROSSROADS Maldives Offers Free Boat Transfers During Valentine’s Week

Combined firm receives funding in round led by Ayre Ventures

Calvin Ayre, founder of Ayre Ventures, celebrates the acquisition. by calling it “The perfect blend of content and delivery. It is a confluence of preparation and opportunity. ROW8’s massive content library will discover a new way to reach consumers through Rad’s BSV-based NFT. BSV is the only blockchain with the scalability and ultra-low transaction fees promised by web3. given to the creator Distributor and consumers”

Additionally, Intersect VC participating in this round is an investor in Dapper Labs and Triller; former New England Patriot Super Bowl champion and Pro Bowler Richard Seymour for 93 Ventures; Alvin Kwan, former head of corporate development at Fox and board member of Fubo TV; Rusty Matveev, Calaxy’s CSO and former partner of MSG Ventures; Revere VC; pile; and Jason Campbell, a former quarterback for the Washington Redskins and Oakland Raiders.

Upon completion of the acquisition, Ayre Ventures Managing Director of Private Equity Paul Rajchgod will be appointed to ROW8’s Board of Directors.

about rhinoceros

Rad NFTV is the first streaming platform powered by NFT. Rad’s app suite lets you stream live TV. premium video and all live events unlocked through NFT. Discover content in ESports, Music, Comedy and Sports Entertainment. From companies like Complex, Whistle, CoinDesk, DeadHeads, Knights of Degen, and Virtue Animation Studio, Rad NFTV’s fast and loud content library, NFT, crypto rewards, and Roy OTT created a streaming metaverse for budding creators and fans. next

Also Read :  Virtual Reality Content Creation Market to Witness Huge Growth

The platform can deliver rich NFT experiences and content with 2D, 3D, 4K, Live, 360° / 180° VR and native videos across devices such as PlayStation 5, PSVR, Oculus Quest, iOS, Google TV and others. Viewers can earn ARA rewards and become friends in Ara’s blockchain-powered network and P2P network technology, and can use the company’s Rad Pandas to unlock a lifetime subscription. as well as receiving additional ARA awards

About ROW8

ROW8 is an OTT service for non-subscription movies only. which includes both new titles and catalogs and has distribution agreements with all major Hollywood studios. There is also a “Movie Love Warranty” feature that is exclusive to customers. Customers can return the film within the first 30 minutes and change it to a new film at no additional cost. and a patent-pending “Scene Alert” monitoring system. This will alert parents of inappropriate scenes before they are broadcast. This puts them in control of what content their children see.

New to Bitcoin? Check CoinGeek’s Bitcoin for beginners Ultimate Resource Guide section to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and the blockchain.

Source

Leave a Reply

Your email address will not be published.