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25/11/2021

Stream Viral Announces New Revenue Model

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Stream Viral has announced a new revenue sharing model.

This new pricing model allows customers on a budget access to an entry level system at a significant lower cost than a normally priced OTT service offering.

With an expectation that the Sports media streaming rights are expected to grow from current $50 billion to $85 billion in revenues by 2024, according to a ReThink report, Stream Viral are well positioned to offer existing clubs and leagues the opportunity to create a subscription based online TV channel, but with a shared risk or reward model, allowing smaller clubs to monetize their own content.

Isobelle Benge, co-founder at Stream Viral explained: "We have a range of top tier customers and leagues, but we were often being approached by lower leagues and amateur clubs who liked the services we offered but were worried about the ongoing monthly costs. So, we decided to address that where we take a share in the subscription but offer the OTT platform at a much lower cost, in some cases for free."

In a time of Covid where spectators cannot make it to site, the opportunity to watch their favourite team play online has never been more appealing. With an offering that can be taken up by many schools, universities and regional leagues, many fans including family members and friends, are willing to subscribe to see their local teams or family members play.

www.streamviral.video
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