QYOU Media Inc - QYOUF stock
QYOU Media (TSXV: QYOU, OTC: QYOUF) is a production and distribution company operating in India and the United States that produces and distributes material made by social media celebrities and digital content influencers. The company was established in 1993 with a vision to revamp the media industry and was headquartered in Toronto before merging in 2014 and expanding in the Greater Los Angeles Area, West Coast, Western US. Qyou Media creates and distributes premium content for cable and satellite television and provides over-the-top ("OTT") and mobile platforms, including television networks and video on demand ("VOD") services in India. They also manage influencer marketing initiatives for major film studios and businesses in the United States with a focus on working with young consumers all over the world and have experience working with industry leaders including Lionsgate, MTV, Disney, and Sony.[1]
The leadership team of Qyou Media includes Curt Marvis as a co-founder and CEO and G. Scott Paterson as a chairman of the board, who is a Toronto-based technology and media venture capitalist. Paterson rose to prominence in the Canadian business and finance industry as "a notable technology and media investor". In the latter half of the decade's technological boom, Paterson received the Globe & Mail's "Top 40 Under 40 Award" and was named one of the 17 persons in Newsweek magazine's "Who's Next in 2007" feature in 2007.[2]
In 2016 in an effort to increase Qyou Media's footprint in the Indian market, they acquired 100% of the issued and outstanding shares of Chatterbox Technologies Private Limited (brand name: Chtrbox), which is a data-driven influencer marketing company based in Mumbai and Delhi. Chtrbox helps India's leading brands communicate exceptional stories at scale and connects marketers with over 300,000 influencers, ranging from celebs and digital celebrities to micro-influencers and campus-based artists. Many of India's leading businesses, including P&G, Amazon, Flipkart, HP, and hundreds more, have used Chtrbox to deliver their marketing campaigns.[3]
Qyou Media has undertaken several rounds of fundraising and, to date, has raised over $25.6M through different investors. Brand Capital International is the lead investor in Qyou Media, which has invested $2M in 2021 and plans to invest an additional $2M between January to April in 2022. Other prominent investors of Qyou Media include Clarus Securities, Canaccord Genuity Group, and Gravitas Securities.[4]
Qyou Media made revenue of 4.18M in 2021, which is 49.26% more than their earnings in the previous year. Since its inception, Qyou Media saw its revenue steadily rising to 4.19M in 2017 and 5.57M in 2018. But during the pandemic, revenue slightly decreased to 2.8M in 2020 before recovering again in 2021. Qyou Media currently has a total asset of 16.37M which increased from 5.3M in 2019 with other accounts receivable worth 332.57K.[5]
The top competitors of Qyou Media includes Starstruck Media, Pops, BizBOXTV, Speakeasy Productions, Digital Dialogue, Omnia Media, AutoNetTV Media. All these companies are in the media industry and are valued between 5M - 13M.[6]
OTC Symbol: QYOUF | OTC Tier: OTCQB
