GLENDALE, Calif.–(Business Wire)–Loop Media, Inc., (“Loop Media”), (NYSE American: LPTV), a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses and consumers, today announced the technology An awareness campaign has been announced around. Accessibility, universality and resilience of its end-to-end ad-supported, content and entertainment solution that is 100% free for businesses.
For the first time, in 2022, more Americans watched streaming TV than cable TV. Loop Media believes that the same trend toward streaming and away from traditional cable TV is evident in the out-of-home market, with companies like Loop Media offering these businesses alternative content choices on a free ad-supported basis. However, businesses face unique challenges when it comes to services that require high speed internet. While the national average internet speed is 119.03 Mbps, Loop Media reports that the average speed at business locations is only 23.11 Mbps.
“There are too many services competing for bandwidth in today’s modern business environments, and complex services like sales terminals simply cannot afford to go offline,” said Liam McCallum, chief product officer and co-founder of Loop Media. Know that consumer entertainment has become just as important to a venue’s success, so we recently launched a suite of features to help businesses more easily cut the cord and embrace streaming platforms for their consumer entertainment, like Loop Media.”
Bandwidth throttling
Most streaming services hungrily take all the bandwidth they can, but Loop Media’s proprietary Loop Player has the option to throttle the minimum bandwidth requirements necessary for operation. With this new option enabled, Loop Player will reduce its speed to just 4Mbps, leaving plenty of bandwidth free for other important services.
Networking over TCP
Venues are increasingly installing multiple streaming devices, which typically increase bandwidth requirements in a linear fashion. Loop players can now communicate among themselves over internal networks instead of streaming from the Internet to eliminate congestion. This makes your internet bill look like one streaming device instead of 10.
Media streaming availability
Loop Player is adept at playing channels reliably by prioritizing media traffic and adapting bitrates to even the slowest Internet connections. The venue owner can rest assured that if the venue’s internet becomes congested, the loop player should continue to entertain.
John Nirman, CEO of Loop Media, said, “Our mission above all else is to help businesses understand that we’re providing a continuous solution to everything that’s happening on their screens. Part of that storytelling is making sure business operators understand how easy and accessible we’ve made things from a technology standpoint.”
For more information visit Loop.TV.
About loop media
Loop Media, Inc. (“Loop Media”) (NYSE American: LPTV) is a leading multichannel streaming platform providing curated music video and branded entertainment channels for businesses. Through its proprietary “Loop Player” for businesses, Loop Media is a leading company in the US licensed to stream music videos directly to out-of-home (“OOH”) venues.
Loop Media’s digital video content reaches millions of consumers in OOH locations including bars/restaurants, office buildings, retail businesses, college campuses, airports and free ad-supported TV platforms such as Roku and GSTV terminals at local gas stations and 400,000 hotel rooms in the United States. In more than 1300 hotels.
Loop is powered by one of the largest and most important libraries that includes music videos, movie trailers and live performances. Loop Media’s non-music channels cover many genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, integrated marketing and branded content from free-ad-supported-television (“FAST”) and subscription offerings.
To learn more about Loop Media products and applications, please visit us online at Loop.tv
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LinkedIn: https://www.linkedin.com/company/looptv/
Safe Harbor Statement and Disclaimer
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, the ability of Loop Media. Statements regarding Loop Media’s ability to develop talent and attract future talent, the success of strategic actions taken by Loop Media, and the impact of strategic transactions to compete in the highly competitive markets in which it operates. Forward-looking statements contain our current expectations, opinions, beliefs or predictions of future events and performance. Statements identified by the use of forward-looking words including “will,” “may,” “expect,” “projects,” “anticipate,” “plan,” “believe,” “estimate,” “should,” and certain other foregoing statements. Forward-looking statements may be considered. Although Loop Media believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that could cause actual future activities and results to differ materially from those indicated or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. Loop Media undertakes no obligation to update or revise its own forward-looking statements, except as required by law, or statements prepared by third parties not paid by Loop Media. Loop Media’s SEC filings are available at www.sec.gov.
