This morning, the investment holding company Winvest Group Limited (OTC:WNLV), which boasts diverse portfolios in media and entertainment, could well be on the radars of investors after it made a major new announcement. The company was in the news yesterday after it announced that IQI Media, its subsidiary unit, had started offering demos of its cloud-powered distribution platform for content creators and film makers named Launcherr.
In the news release, the company noted that the platform helped make the steps and requirements related to streaming distribution significantly simpler. Additionally, the platform would also help the users launch their projects into the streaming space successfully while capitalizing on a range of revenue streams. Some of those revenue sources include profit sharing percentages, minimum guaranteed payments, and splits of revenues from social advertising campaigns.
The founder of IQI Media, Khiow Hui Lim, spoke about the latest development as well. He noted that the traditional streaming business model could sometimes work against the creators since they may have very little revenue to show for their efforts. Lim stated that the aim of IQI Media with the introduction of Launcherr was to provide an innovative distribution model that would be not only fair but also profitable for content creators as well as film makers.
Launcherr was described as the flagship SaaS (software as a service) product of IQI and had also been provided with financing by shareholders of Winvest Group Limited. The database and the product prototypes were also completed not too long ago. The company also announced yesterday that another key improvement that it sought to provide on the existing distribution model was the closure of the gap on lost data amongst guilds, streaming content creators, and payroll companies. It remains to be seen if the development leads to any traction for Winvest Group Limited stock.