UMAX GROUP CORP. - Funny Media Group Preps For New Content After Signing Vyre Deal

Rhea-AI Summary

UMAX Group Corp. (OTC PINK:UMAX) announced an upgrade initiative by its subsidiary, Funny Media Group (FMG), following a distribution agreement with Vyre Network. President Rondell Fletcher emphasized the significance of this deal, which aims to enhance FMG's infrastructure, including new stages and audio upgrades. Since acquiring FMG in May 2021, UMAX has focused on comedy content, planning to produce shows for platforms like Netflix and Amazon. FMG's current YouTube shows have garnered over 2 million views, with a promising pipeline of upcoming comedy specials.

Positive

• Distribution deal with Vyre Network enhances FMG's market reach.
• Upgrades to infrastructure signal commitment to quality content production.
• Over 2 million views on YouTube indicate strong audience engagement.
• Plans for future content production for major streaming services like Netflix and Amazon.

Negative

• None.

LOS ANGELES, CA / ACCESSWIRE / March 22, 2022 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, has announced that its subsidiary, Funny Media Group ("FMG"), is working on a series of upgrades after signing a distribution deal with Vyre Network.

"Signing with Vyre for distribution was a huge move for us," said UMAX President and CEO Rondell Fletcher. "So, to get ready, we are building a new stage, overhauling our control center, and upgrading our audio equipment."

Vyre Network is a global digital distribution multi-platform service that licenses, live streams, and produces a vast catalog of exclusive content for streaming entertainment.

"They are a state-of-the-art platform, and we are taking this time to improve our infrastructure, so we are ready," Fletcher said.

After the acquisition of Funny Media Group in May 2021, UMAX has now fully transitioned into comedy development as the vehicle to achieve a cash-flow positive operation and to provide the best return on shareholder's investment.Fletcher oversaw the production of 200 comedy specials for Season 1, and Season 2 begins taping in a few weeks. So far, 60 of the 200 shows have hit YouTube, resulting in more than 2 million views.

"We have built a pipeline of comedy specials that is attracting attention in the industry, and a significant audience on YouTube," Mr. Fletcher says. "Vyre will help us reach millions more."

The shows are filmed in the Comedy Cube, Funny Media Group's state-of-the-art facility in downtown Los Angeles. Shows are released on Mondays, Wednesdays, and Fridays.

Mr. Fletcher has an extensive background in production and media. He has owned his own production studio in Los Angeles for the past 20 years and has produced national shows for CNN, FOX, Food Network and Comedy Central, among others.

The short-term goal for Funny Media Group is to produce content for streaming services such as Netflix and Amazon with the long-term goal of building a large media catalog for acquisition.

About Us

UMAX Group Corp. is a Nevada corporation, is a public-quoted Pink Sheet issuer under the ticker symbol "UMAX". UMAX reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (E.g., "Pink Sheet Current").

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Company Information:

UMAX Group Corp.
2020 Bay Avenue
Los Angeles, California 90021
Website (FMG): https://funnymediagroup.com/
Website (FMS): https://BroadcastWest.com/
Instagram: https://www.instagram.com/funnymediagroupofficial/?hl=en
YouTube: https://www.youtube.com/c/FunnyMediaGroup
Jarod Ohi: http://www.jarodohi.com
Investor Relations: Jack Zietz
Email: investors@umaxgrpcorp.com

SOURCE: UMAX Group Corp.

View source version on accesswire.com:
https://www.accesswire.com/694164/UMAX-GROUP-CORP--Funny-Media-Group-Preps-For-New-Content-After-Signing-Vyre-Deal

FAQ

What is the significance of the Vyre Network deal for UMAX?

The Vyre Network distribution deal is a crucial move for UMAX as it enhances FMG's ability to reach a larger audience and improve content delivery.

How has UMAX performed in terms of audience engagement?

UMAX's subsidiary, FMG, has achieved over 2 million views on YouTube, showcasing strong audience engagement with their comedy specials.

What content strategy does UMAX plan after the Vyre Network deal?

UMAX aims to produce content for major streaming services like Netflix and Amazon, diversifying its offerings and increasing revenue potential.

What upgrades is Funny Media Group implementing?

Funny Media Group is upgrading its control center, audio equipment, and building a new stage to improve its production quality.

When did UMAX acquire Funny Media Group?

UMAX acquired Funny Media Group in May 2021, focusing on comedy content development.