On July 27, 2017, we wrote an article about Viva Entertainment Group Inc. (OTCMKTS:OTTV), called "Viva Entertainment Group Inc. (OTCMKTS:OTTV) On The Verge Of A Breakout", wherein we noted many good points.The company decided to grow through integrations with players, such as Roku®, and Amazon TV. Thus, the market was pushing up the share price.Additionally, the amount of shares that changed hands increased showing the market's interest in OTTV. Furthermore, regarding the company's financing stability, we appreciate the reduction of the debt, which decreased the financial risk of equity holders.Today, we need to talk again about the company, as the integration with other companies seems to be working out great. In particular, Roku Inc (NASDAQ:ROKU), which is working with OTTV, executed an IPO that was largely celebrated by the market. The share price was pushed up astonishingly, consequently the share price of OTTV was also pushed up on the IPO day.In this article, we will provide more details, but please have a look at the recent share price action and form your own opinion about the stock: YTD chart for OTTV 1 month chart for OTTVRecent DevelopmentsLet's rapidly check the business model of OTTV. The company provides an Internet protocol television (PITV) application that can be used with computers and mobile phones among other devices to watch a long list of TV channels:What's new?Once our last update was released, the company released new information that we will assess now. On August 2, 2017, the company noted that it was offering its Premium Movie Channel Package consisting of HBO®, SHOWTIME®, CINEMAX® AND MOREMAX® at no cost for the next thirty days. New clients had the chance to get the offer for three days, while the package is available for $28.95 a month. Additionally, on August 24, 2017, the company announced that VivaLiveTV would be featured at the Reggaeton Summer Fest at Madison Square Garden. The event seemed quite relevant and was marked by the company as the beginning of the company's marketing and social media campaign.Additionally, it was noted that the company had been signed up by over 300 new customers, located in 43 states and countries, such as Canada, Australia, Croatia, Greece and Philippines with average subscription rate of $34.95.On top of it, the company noted new developments that are coming. We need to be alert, as their announcement could create a spike in the share price.
"- To launch its new movie library.- To launch the app on the Amazon Store.- To launch its credit card gateway.- To start its affiliate and referral program.- To start its dealer and distributor program.- To engage and leverage Brand Ambassadors with big name recognition.- To add over 20 Latino channels from Colombia, Dominican Republic and Mexico.- To keep engaging and finalizing multiple acquisitions of revenue generating private companies designed to facilitate product launch and to expand market share." Source
On September 14, 2017, the company made a new announcement, wherein we could read about more communication efforts on the part of OTTV; VivaLiveTV was in two sold out Juan Luis Guerra concerts at United Palace in New York City. Additionally, it was noted that OTTV had commenced to convert its 2500 app users, who have given VivaLiveTV 5 stars, into subscribers by offering a free 30 day trial of its Premium Movie Package. As mentioned earlier, the company is trying to show what this package is about to potential customers. We appreciate the marketing move.Finally, we need to note that the company is being highlighted on Seeking Alpha, which, we also believe, will help the company get to know new users. Additionally, the fact that the company is independently assessed on such type of websites shows that the products and business trajectory are already respected by the market.Roku and ConclusionOn September 28, 2017, Roku Inc. (NASDAQ:ROKU), celebrated its IPO. The share price increased by 68% on its debut. This astonishing stock performance had an influence on the share price of OTTV, which increased quite a bit as well. OTTV's share price went from $0.0015 to $0.0021 on the same day. We appreciate the share price move, as it shows that the company's strategy is finally bearing fruit and has partnered with the right companies.Currently trading with a market cap of $6.3 million, OTTV is an exciting story among small caps. With $0.061 million in intangible assets and $1.2 million in current liabilities, it seems that the market appreciates more the company's potential performance. Additionally, we believe that the industry, in which OTTV is operating, is also very well regarded, as large growth is expected. Look for OTTV to continue paying dividends over the long run.Be sure to check out our coverage on OTTV.We will be updating our subscribers as soon as we know more. For the latest updates on OTTV, sign up below!Image courtesy of Mike Mozart via FlickrDisclosure: We have no position in OTTV or ROKU and have not been compensated for this article.
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