Maybacks Global Entertainment and DigiTrax Entertainment Sign Agreement to Broadcast "Karaoke Cloud" on iDreamCTV

August 12, 2024 -- InvestorsHub NewsWire -- Maybacks Global Entertainment LLC a wholly owned subsidiary of Authentic Holdings, Inc. (OTC PINK: AHRO) has signed an agreement with DigiTrax Entertainment a https://DigiTrax.ai/company/ a leading artificial intelligence company in the music industry.

DigiTrax and Maybacks will launch a Karaoke network in the next week which will feature 10000+ songs from the most popular genres of music that have been remastered utilizing DigiTrax's AI platform.

Chris Giordano President of Authentic Holdings stated: "In the world of music DigiTrax Entertainment is the leading-edge company when it comes to artificial intelligence.  In addition to their expertise in music AI they also have deep roots in the Karaoke business. Their Karaoke library has licenses with almost all of the major music labels and continues to grow.

This launch will be the first of its kind since we are launching "Karaoke Cloud" https://karaokecloud.com/ on our OTA platform. To clarify what this means, not our "streaming networks" but our scheduled television programming. Karaoke has never been broadcast utilizing "FAST" ("Free Ad Supported Television") before. And Maybacks is now in 43 DMA's ("Designated Market Areas") in most of the major markets. This will not only expand the audience for Karaoke Cloud but will increase revenue growth for both parties significantly. Initially there will be 22-minute blocks of varied music genres followed by 3-4 minutes of "insert ads" that will drive the network forward.

Contemporaneously, we will then launch Karaoke Cloud to a massive international audience through our "streaming channel" partnerships with both ZEASN Whale Echo https://www.zeasn.com/ and a soon to be announced Joint Venture with a very large consumer electronics company.

Karaoke is and will remain a global phenomenon. Our global footprint with Karaoke Cloud will also be a huge driver for the adoption of our APP and ultimately our Vast Tag ad revenue model which benefits both parties.

Downloading the APP will give someone access to the full Karaoke On Demand ("KOD") library instead of just the 22-minute blocks available on our OTA networks. It will also give the individual access to all of our programming across the 30 networks we now own, which will cross pollinate our ecosystem even further and strengthen our revenue model.

So why Maybacks one might ask. The answer is we have access and are willing to share it with the right partners. The mutual benefits in launching Karaoke Cloud are significant for both parties. Karaoke Cloud receives access to a global marketplace which under normal circumstances would be extremely difficult to access without spending a fortune in the process, and with no guarantees of success. The benefit to Maybacks is its ability to tap into the audience of 2 million + people that are part of the Karaoke Cloud Universe and further our growth in the adoption of our APP and our revenue growth."

"Partnering with Maybach for digital over-the-air broadcasting is a strategic move that perfectly aligns with DigiTrax's mission to bring the best in karaoke entertainment to a global audience," said Joe Vangieri, CEO of DigiTrax. "Our hit YouTube channel, Karaoke Cloud, has already demonstrated a massive demand for accessible, high-quality karaoke content. Expanding into Digital OTA broadcasting with Maybach allows us to reach even more fans while leveraging the vast potential of AVOD television. This collaboration is a significant step forward in our commitment to making our karaoke music-videos accessible anytime, anywhere in the world."*

Chris Giordano further stated: We are developing a massive international presence for our iDreamCTV networks. Maybacks will use this enormous ecosystem in furthering the footprint for innovative and successful venues like Karaoke Cloud, giving them access to markets that otherwise would be very difficult to reach while generating significant revenue for Maybacks and its content partners in the process.

We are extremely excited to be working with DigiTrax Entertainment and their laser focused management team. We look forward to keeping our shareholders apprised while we continue down the path in making iDreamCTV one of the standouts in the independent broadcasting space and Authentic Holdings, Inc., a highly successful public company.

 

About Authentic Holdings: Authentic Holdings is both a vertically and horizontally integrated media and merchandising company which combines broadcasting, content owned entertainment, patented technology and merchandise using its Maybacks television networks to both generate ad revenue as well as support its other product lines.

About DigiTrax AI: DigiTrax Entertainment was formed in April of 2017, acquiring three companies integral to the success of our Artificial Intelligence platform for music composition and production.

digiTrax entertainment: An operating company generating $1M+ in annual revenue through professional music services, recording studios, and other services.

 

WorldWide Digital Entertainment: A music catalog company with 15,000+ note-perfect sound alike recordings and 10,000+ multi-track masters – an IP-catalog valued at $10M+

 

Exomens LTD: An artificial intelligence company with 7 US patents and 10+ years of development experience in AI – formed by our CTO and founding member Marcus Matusiak.

 

 

Safe Harbor Act

 

Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Authentic Holdings, Inc, its directors, or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's ability to execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Authentic Holdings, Inc's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Authentic Holdings, Inc.'s future revenues, financial performance, or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Authentic Holdings, Inc, filings with the Securities and Exchange Commission at www.sec.gov.