BEVERLY HILLS, CA--(Marketwired - November 04, 2016) - FOTV Media Networks Inc. announced today its FilmOn Music division has partnered with hip hop legend Master P to create a multimedia campaign for the new ride sharing app YayYo. The song, "YayYo," was written and produced by Master P. The video was produced by FilmOn Music. View it here. In addition to receiving distribution from MondoTunes, the video will be presented across all FOTV Media Networks platforms.
YayYo is a ride share cost compare tool that lets you avoid surge pricing, and get the cheapest rate from Uber, Lyft or other transportation options. YayYo was founded by entrepreneur Ramy El-Batrawi, and already boasts 1000's of pre-registered users. Users can download or pre-register via www.yayyo.com using the promo code, "Master P."
Master P is the hip-hop mogul whose wildly successful album "Ice Cream Man," celebrated its 20th anniversary in 2016. In addition to being an influential rapper, the actor, entrepreneur, investor, author, filmmaker, record producer, philanthropist is also celebrated as the founder of No Limit Records. Master P recently made the news when he announced he will throw a benefit for victims of the Louisiana flood during the NBA All-Star Weekend in February 2017.
MondoTunes is a digital music distribution platform changing the face of entertainment on behalf of artists. They are considered the only company in the world that provides major label distribution and resources to independent artists across the globe. MondoTunes currently reaches 600+ retailers in over 140 countries including iTunes, Amazon, Spotify, Google, Beatport Pro and many more. (Learn more at www.MondoTunes.com).
FOTV Media Networks -- which includes FilmOn TV Networks Inc., CinemaNow LLC, OVGuide Inc and Hologram USA FOTV Productions Inc. -- has filed registration statements for an initial public offering with the Securities and Exchange Commission. It expects the offering to close on or before November 11, 2016 and that it will begin trading on the Nasdaq Capital Market under the symbol "FOTV" shortly after closing. A prospectus is available for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the company will arrange to send you the prospectus after filing if you request it by filling out the form here or calling toll-free 888 FOTV NOW (888 368 8669)
Watch the YayYo video here.
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About FOTV Media Networks
FOTV Media Networks Inc. is a fast growing group of interrelated digital media companies which produces hologram, virtual reality, 360 and premium Hollywood content globally with an over-the-top ("OTT") audience of more than 75 million monthly unique users, who consume live and on-demand movies and television, music videos, audio content and social television programming. FOTV was founded by media entrepreneur Alkiviades (Alki) David in 2007 and launched its streaming video site in the United Kingdom in 2009 and in the United States in 2010. FOTV manages its worldwide business from two central offices located in Beverly Hills, California and London, England. For more information, please visit http://fotv.filmon.com.
Cautionary Note About Forward-Looking Statements
Certain matters discussed in this press release are forward-looking statements. FOTV has based these forward-looking statements on its current expectations and projections about future events. Nevertheless, these forward-looking statements are subject to risks, uncertainties and assumptions about FOTV's operations and the investments it makes, including, among others, factors discussed under the heading "Risk Factors" in FOTV's registration statement, as well as changes in the internet streaming and on-demand video market, continued litigation risks, federal, state and foreign regulatory matters, and competition, not only in the internet streaming video market, but also for traditional television and online entertainment generally. Consequently, no representation or warranty can be given that the estimates, opinions or assumptions made in or referenced by this press release will prove to be accurate. We caution you that the forward-looking statements in this press release are only estimates and predictions, or statements or current intent. Actual results or outcomes, or actions that we ultimately undertake, could differ materially from those anticipated in the forward-looking statements due to risks, uncertainties or actual events differing from the assumptions underlying these statements.