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Loop Media Introduces a Self-Serve Video Advertising Platform on Loop TV, Powered by OrkaTV

Retrieved on:

Thursday, September 21, 2023

Entertainment, Advertising, Communications, Digital Marketing, TV and Radio, Online, Operation, Streaming television, Partnership, Looped (TV series), Airport, Loop, DSPS, Niermann, Restaurant, NYSE, Video game

“The Out of Home Advertising Association of America (OAAA) estimates that national advertising makes up 35% of the yearly out of home advertising revenue and this is the area where Loop Media has primarily participated in since its inception,” said Jon Niermann, Chief Executive Officer of Loop Media. “With Loop Ads Manager, which we’ve built for the growing local demand for our platform, we are now able to more aggressively participate in the local advertising revenue stream which makes up 65% of the annual out of home advertising revenue. In addition, we’re providing our customers--and essentially any local business--the opportunity to advertise directly on the Loop TV platform in their local markets or beyond. Advertisers will be able to select their choice of markets anywhere in the nation with a quick, efficient, easy to use tool, and at an advertising entry price point that a local business owner can justify and manage,” Niermann continued.

Key Points:

Loop Media believes this anticipated new line of advertising revenue could be a significant additional contributor to Loop Media’s revenue, as Loop Media seeks to capture local advertising dollars that do not generally flow through the larger ad demand partners working with regional and national advertisers.
Local and regional venues, services, brands, businesses, and agencies will be able to place ads on any of Loop TV networks’ 71,000+ screens, including partner screens, via the Loop Media Ads Manager, built in partnership with OrkaTV.
This partnership is designed to empower local and regional marketers’ access to Loop Media’s powerful network at am.loop.tv.
“The Out of Home Advertising Association of America (OAAA) estimates that national advertising makes up 35% of the yearly out of home advertising revenue and this is the area where Loop Media has primarily participated in since its inception,” said Jon Niermann, Chief Executive Officer of Loop Media.

YMCA of Metro Chicago to Serve as Social-Enterprise Partner in Assemble Chicago

Retrieved on:

Thursday, September 21, 2023

CHICAGO, Sept. 21, 2023 /PRNewswire/ -- The YMCA of Metropolitan Chicago today announced the organization's plans to open a Loop YMCA in partnership with Assemble Chicago, a proposed mixed-use development in the heart of downtown Chicago that will also provide apartments affordable to a range of incomes, a wellness clinic, and a restaurant opening onto a revitalized Pritzker Park.

Key Points:

In addition to serving as an anchor for Assemble Chicago, the new Loop YMCA will re-establish the YMCA of Metro Chicago's community presence in the city's downtown area.
"As an impact-driven initiative focused on holistic community wellbeing and sustainability, Assemble Chicago provides an incredible opportunity for the Y on our journey to strengthen all neighborhoods across the region."
"The Community Builders is thrilled to have the YMCA join Assemble Chicago.
"A YMCA and TCB partnership combines our capacities to help build strong communities where all people can thrive."

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Chicago

Retrieved on:

Tuesday, September 19, 2023

CHICAGO, Sept. 19, 2023 /PRNewswire/ -- September 22 marks the worldwide initiative "Car-Free Day," which encourages motorists to take a break from driving and explore environmentally-friendly options like mass transit, biking, scooters and walking. According to a new survey from Zipcar, the world's leading car-sharing company, a segment of Chicagoans, those who share a car (compared to personal car owners), significantly contribute to the environmental and social health of Chicago by eliminating additional cars, traffic, parking competition and carbon emissions from the city. In fact, 30% of Zipcar members in Chicago ditched their personal car after joining Zipcar, eliminating an estimated 10,000 vehicles from Chicago's streets.

Key Points:

In fact, 30% of Zipcar members in Chicago ditched their personal car after joining Zipcar, eliminating an estimated 10,000 vehicles from Chicago's streets.
"A little-known byproduct of car sharing is that it eliminates personally owned vehicles from city streets, which reduces congestion, carbon emissions and competition for parking on the curb.
Who wants the hassle of car payments and to circle the block in Magnificent Mile or The Loop?
Founded in 2000, Zipcar is driven by a mission: to enable simple and responsible urban living by reducing personal car ownership.

Loop Media Strengthens Balance Sheet

Retrieved on:

Wednesday, September 13, 2023

Marketing, Airport, Regulation D, LLLP, Sale, Restaurant, Senior management, NYSE American, Growth, NYSE, LOC, Security (finance), Loop, Microsoft Excel

Loop Media, Inc. (NYSE American: LPTV) (“Loop Media”), the free streaming television media company for businesses which provides over 2 billion video views every month via restaurants, retail businesses, office buildings, doctors’ offices, airports, bars and college campuses, has converted approximately $4.4 million of short-term debt and accrued interest into 6,005,487 shares of Loop Media common stock, at a conversion price of $0.74 per share – a premium to the closing price of Loop Media’s common stock on NYSE American on September 11, 2023 of $0.535 per share.

Key Points:

Loop Media, Inc. (NYSE American: LPTV) (“Loop Media”), the free streaming television media company for businesses which provides over 2 billion video views every month via restaurants, retail businesses, office buildings, doctors’ offices, airports, bars and college campuses, has converted approximately $4.4 million of short-term debt and accrued interest into 6,005,487 shares of Loop Media common stock, at a conversion price of $0.74 per share – a premium to the closing price of Loop Media’s common stock on NYSE American on September 11, 2023 of $0.535 per share.
In addition, Loop Media has also rolled over approximately $2.3 million of short-term indebtedness due in September 2023 into Loop Media’s $4.0 million line of credit due in May 2025.
These steps are intended to help shore up Loop Media’s balance sheet as it moves forward into its new fiscal year starting October 1, 2023, by eliminating $4.4 million of indebtedness on the balance sheet and moving $2.3 million of short-term debt into long-term debt.
These transactions eliminate 6.7 million of short-term debt from Loop Media’s balance sheet, which constitutes a majority of Loop’s short-term debt.

State Street’s Market Leading FX Execution Venue, FX Connect, Enters into a Commercial Arrangement with LoopFX

Retrieved on:

Tuesday, September 12, 2023

Professional Services, Technology, Finance, Software, Asset Management, Banking, Loop, Philosophy, State Street Corporation, State Street, STT, NYSE, FX, Financial services

“For more than 20 years, FX Connect has shown its willingness to adopt new approaches and work with distinctive new services we are confident will benefit our customers,” said Kate Lowe, head of GlobalLink FX for State Street.

Key Points:

“For more than 20 years, FX Connect has shown its willingness to adopt new approaches and work with distinctive new services we are confident will benefit our customers,” said Kate Lowe, head of GlobalLink FX for State Street.
Built as an open architecture technology, LoopFX is designed to integrate into current workflows on existing trading platforms.
The integration with FX Connect is LoopFX’s first major integration to an FX trading platform.
Blair Hawthorne, Founder and CEO of LoopFX said: “As a trader myself, I know what a valuable platform FX Connect is for practitioners and I could not be more thrilled to be working with the FX Connect team.”

Loop Media Announces the Debut of Additional Latino Content Channels for Businesses

Retrieved on:

Thursday, September 7, 2023

Loop Media, which currently has over 71,000 screens in North America, has seen a growing demand for premium Latino-focused in-venue entertainment content for the Hispanic U.S. business community.

Key Points:

Loop Media, which currently has over 71,000 screens in North America, has seen a growing demand for premium Latino-focused in-venue entertainment content for the Hispanic U.S. business community.
“This new offering is yet another opportunity for Loop to dig deeper into a great category and delight our business customers—and in turn, their in-venue patrons—with a robust and authentic Hispanic experience,” said Jon Niermann, CEO of Loop Media.
The Loop TV platform helps these businesses by eliminating monthly in-venue cable or satellite entertainment costs while providing a superior premium customer entertainment experience,” Niermann continued.
We look forward to bringing great Hispanic content to our customers as another dimension of our welcoming, authentic, culturally rich environment."

DP World Selects TYCROP and Loop Energy for Solution to Decarbonize RTG Cranes at Port of Vancouver

Retrieved on:

Tuesday, September 12, 2023

With 1,500 RTGs operating globally, DP World is one of the world's largest port operators with over 80 terminals across 40 countries.

Key Points:

With 1,500 RTGs operating globally, DP World is one of the world's largest port operators with over 80 terminals across 40 countries.
This vital pilot project aligns with DP World's global commitment to becoming carbon neutral by 2040," said Joel Werner, DP World General Manager - Vancouver.
The pilot project will see DP World's first RTG powered by hydrogen fuel cell systems put into operation at the Port of Vancouver.
The HEG, combined with a lithium battery and our energy regeneration technology, provides DP World with class-leading energy efficiency.

Raft Announces Prime Contract Award to Build Software Factory for Offensive Cyber Operations

Retrieved on:

Friday, September 1, 2023

RESTON, Va., Sept. 1, 2023 /PRNewswire/ -- Raft, LLC, digital consulting firm focused on providing innovative engineering solutions for hardest national security problems, announced today that it has been awarded a prime contract to develop the software factory for the Air Force's Cyber Operations.

Key Points:

RESTON, Va., Sept. 1, 2023 /PRNewswire/ -- Raft, LLC, digital consulting firm focused on providing innovative engineering solutions for hardest national security problems, announced today that it has been awarded a prime contract to develop the software factory for the Air Force's Cyber Operations.
Raft will design, develop, integrate, and scale the software factory (SWF), leveraging the Department of Defense (DoD) Enterprise solution Platform One (P1) as the technical baseline.
The SWF will operate in multiple cloud environments at varying classification levels, enabling hybrid cloud solutions viable for software and data applications.
"Raft has a long-standing partnership with AFCYBER, and we are thrilled to expand this relationship with the Offensive Cyber Operations" said Shubhi Mishra, Founder and CEO of Raft.

Loop Media Announces New Entertainment Channels For Superior Customer Experience

Retrieved on:

Wednesday, August 23, 2023

“Our latest offerings continue to reflect our commitment to providing only the best short form entertainment we can offer to our venue partners,” he added.

Key Points:

“Our latest offerings continue to reflect our commitment to providing only the best short form entertainment we can offer to our venue partners,” he added.
Def Jam’s 50th Anniversary Channel carries legendary music videos from the iconic-label, Def Jam.
Pink Channel carries music videos from the “Barbie” movie and videos full of pink energy.
He continued, “We’re excited to partner with Loop Media and add their footprint in premium locations including college campuses across the country.”
Loop Media currently has over 71,000 screens in North America and provides free premium entertainment for businesses via its streaming platform Loop TV.

Pipe17 Partners with Loop Returns to Reduce the Cost of Returns Management

Retrieved on:

Thursday, August 17, 2023

WMS, Software as a service, Partnership, ERPs, Overalls, 3PL, Shopify, ERP, Marketing, Loop, Transportation and Warehouse Management System, Growth, System, SVP, NetSuite, Acumatica, Automation, Online shopping, Warehouse

SEATTLE, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Pipe17 Inc., a solution provider that helps ecommerce businesses optimize their omnichannel order operations, today announced a partnership with Loop Returns, the leading returns management platform.

Key Points:

SEATTLE, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Pipe17 Inc., a solution provider that helps ecommerce businesses optimize their omnichannel order operations, today announced a partnership with Loop Returns, the leading returns management platform.
Loop Returns provides powerful SaaS capabilities that help merchants automate and manage their post-purchase experiences.
Yet as brands add additional selling and fulfillment channels to drive greater growth and reduce costs, new challenges can arise.
Interested sellers are encouraged to get in touch with Pipe17 today to start automating their backend Loop returns workflows.