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VANCOUVER, BC, March 3, 2023 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF ) (Frankfurt: 64V) ("BBTV" or the "Company"), the leading creator monetization company with a mission to help creators become more successful, today announced that it will release its financial results for the fourth quarter and fiscal year 2022 after market close on Wednesday, March 8th. The Company will subsequently hold a conference call that same day at 2:15pm Pacific Time/5:15pm Eastern Time hosted by Shahrzad Rafati, Chairperson and CEO, and KB Brinkley, CFO. A question and answer session will follow the corporate update. Conference Call Details
Participant Information
United States (Local): 1 646 904 5544
Canada dial-in number (Toll Free): 1 833 950 0062
Canada dial-in number (Local): 1 226 828 7575
All other locations: +1 929 526 1599
Press *1 to ask a question, *2 to withdraw your question, or *0 for operator assistance. Please connect at least 15 minutes prior to the conference call. To coincide with the call, an Investor Highlights presentation will be available at: https://investors.bbtv.com/events-and-presentations/default.aspx
Links to SEDAR filings, conference call recordings and press releases are available on the investor website at: https://investors.bbtv.com/
Telephonic Replay:
US Toll Free: 1 866 813 9403
Canada: 1 226 828 7578
UK (Local):  0204 525 0658
All other locations: +44 204 525 0658
March 8, 2023 20:15 ET - March 22, 2023 23:59 ET
About BBTV
BBTV is a global media and technology company headquartered in Vancouver, Canada. The Company's mission is to help content creators become more successful. With creators ranging from individuals to global media brands, BBTV provides comprehensive, end-to-end Solutions to increase viewership and drive revenue powered by its innovative technology, while allowing creators to focus on their core competency – content creation. In December 2021, BBTV had the fourth most unique monthly viewers among digital platforms with more than 600 million globally, who consumed more than 35 billion minutes of video content [1]. ( www.bbtv.com )
[1] Calculations and classifications made by BBTV based on data from Comscore's "Top 12 Countries = December 2021 comScore Video Metrix Media Trend – Multi-Platform – Top 100 Video Properties Report"; Top 12 countries represent ~50% of world's digital population. Contacts:

BBTV Holdings Inc to Host Fourth Quarter and Fiscal Year Conference Call

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VANCOUVER, BC, March 3, 2023 /CNW/ - BBTV Holdings Inc. (TSX: BBTV ) (OTCQX: BBTVF) (Frankfurt: 64V) ("BBTV" or the "Company"), the leading creator monetization company with a mission to help creators become more successful, today announced that it will release its financial results for the fourth quarter and fiscal year 2022 after market close on Wednesday, March 8th. The Company will subsequently hold a conference call that same day at 2:15pm Pacific Time/5:15pm Eastern Time hosted by Shahrzad Rafati, Chairperson and CEO, and KB Brinkley, CFO. A question and answer session will follow the corporate update. Conference Call Details
Participant Information
United States (Local): 1 646 904 5544
Canada dial-in number (Toll Free): 1 833 950 0062
Canada dial-in number (Local): 1 226 828 7575
All other locations: +1 929 526 1599
Press *1 to ask a question, *2 to withdraw your question, or *0 for operator assistance. Please connect at least 15 minutes prior to the conference call. To coincide with the call, an Investor Highlights presentation will be available at: https://investors.bbtv.com/events-and-presentations/default.aspx
Links to SEDAR filings, conference call recordings and press releases are available on the investor website at: https://investors.bbtv.com/
Telephonic Replay:
US Toll Free: 1 866 813 9403
Canada: 1 226 828 7578
UK (Local):  0204 525 0658
All other locations: +44 204 525 0658
March 8, 2023 20:15 ET - March 22, 2023 23:59 ET
About BBTV
BBTV is a global media and technology company headquartered in Vancouver, Canada. The Company's mission is to help content creators become more successful. With creators ranging from individuals to global media brands, BBTV provides comprehensive, end-to-end Solutions to increase viewership and drive revenue powered by its innovative technology, while allowing creators to focus on their core competency – content creation. In December 2021, BBTV had the fourth most unique monthly viewers among digital platforms with more than 600 million globally, who consumed more than 35 billion minutes of video content [1]. ( www.bbtv.com )
[1] Calculations and classifications made by BBTV based on data from Comscore's "Top 12 Countries = December 2021 comScore Video Metrix Media Trend – Multi-Platform – Top 100 Video Properties Report"; Top 12 countries represent ~50% of world's digital population. Contacts:

15:00 ET
BBTV Holdings Inc to Host Fourth Quarter and Fiscal Year Conference Call

“We have also allocated additional cushion to help withstand future macroeconomic uncertainty.”
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Vancouver-based BBTV Holdings, the holding company behind media and technology company BroadbandTV, has secured a $21.6 million CAD ($16.1 million USD) loan from MEP Capital Holdings III. BBTV closed this financing to “support its path to profitability,” with the intention of using this recent loan to pay off its overdraft facility with a Canadian chartered bank. BBTV did not disclose the exact amount of its overdraft balance, or the lender of the facility. MEP Capital Holdings III is a private equity fund managed by MEP Capital, which invests in media and entertainment companies. “We have also allocated additional cushion to help withstand future macroeconomic uncertainty if it materializes along our path to profitability.”
– KB Brinkley, BBTV

In the company’s third-quarter earnings for 2022 it reported $20.8 million CAD in cash, and that it had used $10.6 million CAD of its $15 million CAD overdraft facility. Of the $16.1 million loan from MEP Capital, BBTV said that $10.1 million has been committed by the investor, with $6 million being conditional upon the company’s performance targets being met for the first half of 2023. Founded in 2005 by CEO Shahrzad Rafati, BBTV’s platform allows partners to distribute, manage, and monetize video content. BBTV has made moves to improve its balance sheets in recent months with the goal of acquiring more financing. In October, BBTV announced it is working with former majority shareholder, European media conglomerate RTL Group to help provide BBTV access to additional working capital. Prior to BBTV going public on the Toronto Stock Exchange in 2020 , RTL held a 51 percent stake in BBTV. Much of BBTV’s IPO went to buying out RTL. However, RTL still held $30.9-million in convertible debt in BBTV, and as of 2020 was owed a further $15.7 million in accrued interest. RTL holds the option to convert its debt into subordinate voting shares of BBTV. As of October, BBTV stated that RTL had reduced its debt under its secured convertible promissory loan note by approximately $12.8 million to approximately $19.2 million. This was meant to improve BBTV’s balance sheet in order to attract new debt financing. The goal was to help provide the company with access to “additional working capital during the current uncertain macroeconomic environment,” as well as to continue to develop its Plus Solutions and “other growth initiatives.”
As part of its third-quarter financial results, BBTV acknowledged that RTL agreed to a 40 percent ($12.8 million) debt forgiveness reduction to its convertible note. After RTL’s debt forgiveness, BBTV said its long-term debt balance was at $45.3 million as of September 2022. As part of what BBTV describes as its “cost optimization plan,” the Vancouver company reduced its headcount by approximately 14 percent in June. As a result of its overall cost optimization program, which includes the layoffs, BBTV said its operating costs as of Q3 2022 declined by $2.2 million compared to the same quarter in the previous year. Liquidity issues have been increasingly common among organizations that operate in the tech sector due to multiple macroeconomic factors that have fostered a volatile market. The issue has trickled down to startups from the investor level, and been caused by broader economic market conditions. Public companies, like BBTV,  have witnessed their stock prices slashed significantly amid the economic cooldown. BBTV, which is trading at $0.61 CAD at press time, saw its share price decline by over 77 percent in the past year. BBTV made changes to its leadership team earlier this year, which includes the replacement of its CFO Ben Groot with former EY associate partner KB Brinkley. Groot remains as a member of BBTV’s finance team, with a focus on financial planning and analysis, as well as special projects. On its board of directors, BBTV also announced at that time that Edmonton Unlimited CEO Catherine Warren replaced Hootsuite founder Ryan Holmes as independent director. Following mass layoffs within their own organizations, several Canadian tech companies have also seen significant changes to their leadership teams within the last year, including BBTV. Speaking to BBTV’s secured loan from MEP Capital, Brinkley said: “We believe that we have also allocated additional cushion to help withstand future macroeconomic uncertainty if it materializes along our path to profitability.”
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BBTV secures $21.6 million CAD loan to pay off overdraft facility

“We have also allocated additional cushion to help withstand future macroeconomic uncertainty.”Vancouver-based BBTV Holdings, the holding company behind media and technology company BroadbandTV, has secured a $21.6 million CAD ($16.1 million USD) loan from MEP Capital Holdings III.“We have also allocated additional cushion to help withstand future macroeconomic uncertainty if it materializes along our path to profitability.”– KB Brinkley, BBTVIn the company’s third-quarter earnings for 2022 it reported $20.8 million CAD in cash, and that it had used $10.6 million CAD of its $15 million CAD overdraft facility.Of the $16.1 million loan from MEP Capital, BBTV said that $10.1 million has been committed by the investor, with $6 million being conditional upon the company’s performance targets being met for the first half of 2023.As of October, BBTV stated that RTL had reduced its debt under its secured convertible promissory loan note by approximately $12.8 million to approximately $19.2 million.After RTL’s debt forgiveness, BBTV said its long-term debt balance was at $45.3 million as of September 2022. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

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VANCOUVER, BC, Feb. 14, 2023 /CNW/ - BBTV Holdings Inc. (TSX: BBTV ) (the "Company"), a media tech company that uses technology enabled solutions to help content creators and influencers become more successful, is pleased to announce it has closed a US$16.1 million senior secured term loan (the "Term Loan") from MEP Capital Holdings III, L.P. ("MEP"), an arm's length investment capital firm based in New York. The Company intends to use the proceeds of the Term Loan for working capital and to pay off the Company's CAD overdraft facility with a Canadian chartered bank. Shahrzad Rafati, CEO of BBTV said: "We plan to apply this additional liquidity to support our path to profitability as we execute our organic growth strategies. Since our IPO, we have invested to diversify our revenue streams, particularly our Plus Solutions as they've proven to pay off with strong growth. These investments position us uniquely to continue leading the creator industry during uncertain markets. Our funding partner, MEP Capital, also believes in the strength of our diversified business going forward." BBTV's Content Management business has been a prominent contributor to the 40% revenue growth for the Company's Plus Solutions over the last 12 months as of September 2022. In Q4 2022, BBTV signed agreements with premier Hispanic Mixed Martial Arts (MMA) Sports Franchise, Combate Global, and Wondery, Amazon's subsidiary podcast network. The Company's pipeline of opportunities for Content Management with major publishers has never been stronger. KB Brinkley, CFO of BBTV commented: "Based on our forecasts, through various sources of capital, we have assembled fresh liquidity to meet our strategic objectives for the foreseeable future while minimizing shareholder dilution. We believe that we have also allocated additional cushion to help withstand future macroeconomic uncertainty if it materializes along our path to profitability." The Term Loan bears interest at 16% per annum and matures on the 4th anniversary of the closing date of the Term Loan. Interest is payable on a quarterly basis, with the principal payable upon maturity. Ten million one hundred thousand (US $10.1 million) of the Term Loan is committed, with US $6 million being conditional upon a performance target related to the Company's top Base Solution Channels and Content Management business being met for H1 2023 (the "Performance Target"). The conditional US $6 million will nonetheless be advanced on the closing date and interest will accrue on it from such date. The Term Loan is secured by a perfected, sole first-priority security interest in all tangible and intangible assets of the Company and its Canadian and U.S. wholly-owned subsidiaries, now existing or acquired (the "Loan Security"), subject to certain carve-outs or pari passu rights in favour of UFA Film und Fernseh GmbH ("UFA") which holds a convertible promissory note from the Company due May 26, 2026. MEP and UFA entered into an intercreditor agreement providing, among other things, for the priorities of the two lenders with respect to the Loan Security. All of the Company's active direct and indirect wholly-owned subsidiaries acted as co-borrowers of the Term Loan. In connection with the Term Loan the Company issued MEP a share purchase warrant (a "Warrant") to purchase in aggregate that number of Subordinate Voting Shares that is equal to 2% of the Company's fully diluted Subordinate Voting Shares as determined on the "Warrant Share Calculation Date" (see further details below), provided that MEP shall not be permitted to exercise the Warrant to acquire beneficial ownership of, or control or direction over, securities of the Company carrying more than 9.9% of voting rights attached to the Company's outstanding voting securities. The Warrant Share Calculation Date is (a) the date MEP determines to exercise the Warrants; (b) the date of conversion of the first of the Company's securities convertible into Subordinate Voting Shares on a non-fixed price basis that results in one percent (1.0%) or more of such Subordinated Voting Shares being issued and outstanding on a fully-diluted basis, and (c) the closing date of the Company's next equity financing for not less than US$5 million led by a non-affiliated reputable investor. The Warrants are exercisable at CAD$0.01 per Subordinate Voting Share for a period of 8 years, with the Warrants being exercisable at the option of the holder on a cashless basis. The Warrants entitle MEP to certain standard anti-dilution protections for reclassification and corporate reorganizations. In the event the Performance Target is not met, then the number of Subordinate Voting Shares issuable upon exercise of the Warrants will be reduced to 1% of the Company's fully diluted Subordinate Voting Shares. The Warrants and the Subordinate Voting Shares issuable upon exercise of the Warrants are subject to a four month hold period from the date of closing in accordance with applicable Canadian securities laws and a hold period under applicable United States securities laws. About BBTV
BBTV is a global media and technology company headquartered in Vancouver, Canada. The Company's mission is to help content creators become more successful. With creators ranging from individuals to global media brands, the Company provides comprehensive, end-to-end Solutions to increase viewership and drive revenue powered by its innovative technology, while allowing creators to focus on their core competency – content creation. In December 2021, the Company had the fourth most unique monthly viewers among digital platforms with more than 600 million globally, who consumed more than 35 billion minutes of video content [1]. ( www.bbtv.com )
[1] Calculations and classifications made by the Company based on data from Comscore's "Top 12 Countries = December 2021 comScore Video Metrix Media Trend – Multi-Platform – Top 100 Video Properties Report"; Top 12 countries represent ~50% of world's digital population. Links to SEDAR filings, conference call recordings and press releases are available on the investor website at: https://investors.bbtv.com/
About MEP Capital
MEP Capital is an investment firm focused on opportunities in the media and entertainment industries, providing support to the creative community. Across digital media, music, film & television, gaming, and live events, MEP partners with leading industry operators to finance projects, acquire assets, and invest in businesses. MEP invests through long-term oriented funds, with committed capital from institutions, family offices, and high-net-worth individuals. Learn more at http://www.mepcap.com
For further information please contact:
Forward-looking Statements
This press release contains "forward–looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information"). Forward-looking information is not information about historical facts but instead represents the Company's intentions, beliefs, plans, goals, objectives and strategies regarding future events and results. Forward-looking information contained in this press release includes, without limitation, that the Company's pipeline of opportunities for Content Management with major publishers has never been stronger; based on our forecasts, through various sources of capital, we have assembled fresh liquidity to meet our strategic objectives for the foreseeable future while minimizing shareholder dilution; we believe that we have also allocated additional cushion to help withstand future macroeconomic uncertainty if it materializes along our path to profitability; in the event the Performance Target is not met, then the number of Subordinate Voting Shares issuable upon exercise of the Warrants will be reduced to 1% of the Company's fully diluted Subordinate Voting Shares;  and the Company's intent to use the proceeds of the Term Loan for working capital and to pay-out the Company's CAD overdraft facility with a Canadian chartered bank. Forward-looking information is necessarily based on a number of estimates and assumptions that the Company considered appropriate and reasonable as of the date such information is given, including but not limited to the assumptions that the Company's pipeline of opportunities for Content Management with major publishers will translate into some additional Content Management clients for the Company on a profitable basis for the Company; our forecasts for meeting our strategic objectives are accurate; the cushion we have allocated to help withstand future macroeconomic uncertainty is sufficient to achieve that objective; and that any adverse changes in the macroeconomic climate will not be more adverse to our business than the changes we have anticipated as being possible in our forecast models. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors, many of which are beyond the Company's control, that may cause actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk that the Company's assumptions on which its forward-looking information is based may not be accurate;  the Company's significant reliance on its relationship with one digital platform; the impact of the continuing COVID-19 pandemic and of the current recessionary environment; the risks of potential claims of infringement by the Company or its content providers of third party intellectual property and other rights; changes in laws and regulations; the effect of competition;  the Company has a history of losses and negative cash flow; and the Company's need for additional capital; as well as other factors discussed in the Company's Final Long Form Prospectus dated October 22, 2020, its Annual Information Form dated March 29, 2022 and in our MD&A dated November 14, 2022 each filed on sedar at  www.sedar.com  and in the Company's other filings with the Canadian securities regulatory authorities at  www.sedar.com . The Company does not undertake any obligation to update any forward–looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. BBTV-F

18:53 ET
BBTV Closes US $16.1 Million Secured Term Loan To Expedite Plus Solutions Growth

Combate Global is a Hispanic MMA sports franchise.

Combate Global

`` The partnership between BBTV and Combate Americas showcases clear alignment between their goals and the end-to-end value of BBTV 's solutions for media companies .

07:00 ET
BBTV Enters Agreement With Premier Hispanic Mixed Martial Arts Sports Franchise Combate Global to Provide End-to-End Co...

Combate Americas is a U.S. Hispanic Mixed Martial Arts (MMA) sports franchise, designed to build Latino fighting champions and serve Hispanic fans. The Combate Americas franchise includes reality TV programming, live events and mobile programming.

Combate Americas

`` The partnership between BBTV Holdings Inc. and Combate Americas showcases clear alignment between their goals and the end-to-end value of BBTV Holdings Inc. 's solutions for media companies .

Vancouver, B.C.
BBTV Enters Agreement With Premier Hispanic Mixed Martial Arts Sports Franchise Combate Global to Provide End-to-End Content Management Solutions.

Harlem Globetrotters International (HGI) is a renowned sports and entertainment franchise. Originally founded in 1926, HGI is an exhibition basketball team.

Harlem Globetrotters

BBTV is the right partner for us as we continue to build our digital presence and grow our legacy with new generations to come , '' said Keith Dawkins , President of Harlem Globetrotters and Herschend Entertainment Studios .

07:00 EDT
BBTV Enters Agreement With The World Famous, Harlem Globetrotters - Set to Provide Comprehensive Content Management fo...

Riot Games provides an online gaming platform that offers digital video games. The platform focuses on developing competitive player-versus-player online games, helping gamers to evolve and improve their gaming experience. The company was founded in 2006 and is based in Los Angeles, California. In December 2015, Riot Games was acquired by Tencent Holdings. The terms of the transaction were not disclosed.

Riot Games

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ConsenSys

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Corporate Majority

BroadbandTV (BBTV) is a media and technology company that represents the content in digital video. Its brands include TGN, an engaged gaming network; Opposition, a digital video network for hip hop music; WIMSIC, an electronic dance music network in the digital video; Outspeak, a network for citizen journalists launched in partnership with HuffPost; and NBA Playmakers, a network representing content in basketball launched in partnership with the NBA. The company was founded in 2005 and is based in Vancouver, Canada.

Name	Brett Garfinkel
Work History	Gannett, Wenner Media, Meredith, Conde Nast, and ESPN
Title	Executive Vice President
Status	Former

Wells Fargo Success Story

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BroadbandTV

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