Loop Media Inc. (OTCMKTS:LPTV) and World Surf League Collaborate to Launch WSL TV
Shares of Loop Media Inc. (OTCMKTS:LPTV) continues to trend lower and now down 10% in the past week.
Market Stats
On Wednesday, LPTV stock moved down 2 % to $2.45 with more than 3.5K shares, compared to its average volume of 2.5K shares. The stock moved within a range of $2.4000 – 2.5400 after opening trading at $2.40.
Loop Media, Inc. and World Surf League Partner to Launch WSL TV Exclusively
Loop Media, Inc. (OTCMKTS:LPTV) has announced the launch of a new exclusive channel – WSL TV, for its out-of-home business clients on the Loop Player. The World Surf League (WSL) is the global home of the world’s best surfing, and annually crowns the men’s and women’s undisputed surfing World Champions.
The partnership with the WSL and gaining access to their extensive library of surf highlights, professional commentary and favorite surfer interviews, has allowed Loop to create a new custom channel on the Loop Player for its OOH business clients. Be it the Championship Tour (CT) or Big Wave surfing in Nazare, Loop’s new WSL TV features the world’s best surfers in the world’s biggest competitions.
Loop is one of the industry leaders when it comes to providing curated music video and branded entertainment channels for businesses and consumers. Greg Drebin, Chief Content Officer of Loop Media, comments that WSL TV is a lucrative addition to their existing sports and adventure content. The collaboration with the WSL and launch of WSL TV clearly demonstrates their commitment to expanding their video and sports offering to our OOH clients, which in turn allows them to satisfy their customers with hugely popular and in demand content.
Key Quote
“WSL TV is a great addition to our existing sports and adventure content,” said Greg Drebin, Chief Content Officer of Loop Media. “Our partnership with The World Surf League and the launch of WSL TV illustrates our commitment to expanding our video and sports offering to our OOH clients to allow them to satisfy their customers with hugely popular and in demand content.”
Traders Corner
LPTV stock is below the 20-Day and 50-Day Moving averages of $2.57 and $2.48 respectively. The stock is trading in the neutral zone with the RSI at 46.