ReelTime VR/ReelTime Media OTCPK:RLTR) announced it will launch a ReelTime Media channel on the streaming platform Roku. Called “ReelTime TV,” the channel will combine ReelTime Media Original programming as well as other cutting-edge content. ReelTime Media will retain approximately 70% of the advertising inventory in the deal.
Roku had over 51 million active users in the fourth quarter of 2020, the company’s highest monthly active user total of all time. Roku’s user base has almost doubled in just two years.
Barry Henthorn, CEO, stated: “ReelTime Media is committed to reaching the rapidly growing number of “Cable Cutters’ that dominate the younger audiences. ReelTime TV not only introduces our content to a very large audience who love it but provides our advertisers an effective conduit to reach this very relevant audience.”
Additionally, ReelTime has formally submitted an application as a Seasoned Company Seeking to Transfer Equity and/or Debt Securities from Another U.S. Exchange to be listed on the NASDAQ Capital Market Exchange.
The stock is up approximately 30% in late-morning trading.