Reeltime Rentals Stock Price, News & Analysis

ReelTime VR/ReelTime Media (OTC PK: RLTR) announced that ReelTime TV is now accessible on Android TV, which has over 80 million monthly active devices. This launch aims to enhance its distribution network and reach the growing number of cable-cutters. The service also includes exclusive programming and additional content. The company is committed to improving financial disclosures and is looking to uplift its market standing. With the growth of Android TV projected to exceed 99 million devices globally by late 2022, the move could significantly expand ReelTime's audience and advertising potential.

Baristas Coffee Company reported record revenues of its Munchie Magic service in August, surpassing previous highs by nearly 8% compared to March 2021, and more than doubling from August 2020. This growth is attributed primarily to increased alcohol sales, while ice cream remains the best-seller. The company opened six new locations in August and plans five more in September. Additionally, Baristas expanded its technology licensing agreement with ReelTime Media (RLTR) for the Thai Dah virtual restaurant platform, enhancing its digital integration capabilities.

ReelTime Media (OTC PINK:RLTR) has signed a Letter of Intent (LOI) with Bungalo Records Inc. and AMJ GLOBAL ENTERTAINMENT to create immersive VR experiences that promote events, artists, and products. This collaboration aims to leverage ReelTime's VR technology and production capabilities alongside Bungalo's extensive artist access. CEO Barry Henthorn emphasized the partnership's potential to enhance monetization, while Bungalo's President Paul Ring highlighted its significance in shaping industry trends. The partnership may open various project opportunities, strengthening both companies' positions in the entertainment market.

Reeltime Media (OTC PINK: RLTR) has signed a Letter of Intent with Bungalo Records and AMJ Global Entertainment to collaborate on creating immersive VR experiences that promote events, artists, and products. This partnership aims to leverage Reeltime's VR technology along with Bungalo's extensive artist access and AMJ's distribution capabilities. CEO Barry Henthorn highlighted the potential for enhancing monetization, while Bungalo's President Paul Ring emphasized the significance of setting industry trends through this collaboration.

ReelTime Media (OTC PINK:RLTR) is restructuring its convertible notes to minimize shareholder dilution by over 1.5 billion shares. CEO Barry Henthorn has agreed to modify the conversion terms, which involve paying off some notes and renegotiating others. These changes aim to improve the company's financial health and support its transition to a senior exchange like NASDAQ. The modifications will enforce strict conversion guidelines, ensuring that no holder exceeds 4.99% ownership during the reporting process. This initiative is intended to enhance shareholder value and clean up the balance sheet.

Reeltime Media (OTC PINK: RLTR) announced plans to significantly reduce share dilution from convertible notes. CEO Barry Henthorn will modify all personally controlled notes to higher conversion rates, potentially lessening dilution by over 1.5 billion shares. As the company complies with stringent reporting standards, the debt reduction initiative aims to clean up the share structure, facilitating a move to the NASDAQ. The restructuring has majority support from note holders, with commitments to pay off remaining debts and establish stricter conversion guidelines.

Reeltime Media (OTC PINK:RLTR) announced a significant revenue increase, reporting a YTD revenue of $1,743,253 for the first half of 2021, a 707% rise from $246,507 in the same period last year. Q2 revenue also showed a robust growth, tripling to $427,509 compared to $124,347 in Q2 2020, marking a 343% increase. This surge is attributed to the easing of hospitality and travel restrictions, leading to a resurgence in advertising spending. The company expects continued growth as these trends persist.

Reeltime Media (OTC PINK:RLTR) announced a significant revenue increase, reporting YTD revenues of $1,743,253, a staggering 707% rise from $246,507 in the same period last year. Q2 revenues also surged to $427,509, reflecting a 343% increase compared to Q2 2020. This growth is attributed to the easing of hospitality and travel restrictions, prompting a return of advertisers. The company continues to benefit from a technology licensing agreement with Barista's Munchie Magic. Management anticipates ongoing revenue growth as market conditions improve.

Baristas Coffee Company has appointed international supermodel and actress Front Montgomery as the spokesperson for its virtual Thai restaurant, Thai Dah. Montgomery, a recognized figure in the Thai-American community, aims to leverage her experience and connections to boost the restaurant's growth. Thai Dah focuses on delivering popular Thai dishes through delivery partners while employing a unique integrated tablet system for restaurant partners. The company has also expanded its technology agreement with ReelTime Media to enhance operational capabilities.