VYRE Network Presents Its Newly Formed Entertainment Finance Company, Itibari Waynne & Partners

Rhea-AI Summary

VYRE Network has partnered with Waynne Manor Corp to launch Itibari Waynne & Partners (IWP), a new entertainment finance company. IWP will provide up to $5M per project for independent film and TV creators while guaranteeing distribution through VYRE Network. The company derisks 80-100% of entertainment project financing and is currently reviewing 15 distinct projects, with five already securing approximately $15.35M in funding commitments. Revenue streams include origination fees and content distribution revenue sharing. Led by Bruce Waynne Nugent and Itibari Zulu, IWP expects full operations by Q3 2025. Additionally, VYRE Network completed its corporate name and symbol change to VYRE on OTC Markets to align with its brand identity.

Positive

• Secured $15.35M in firm funding commitments for five projects
• Offers up to $5M financing per project while allowing creators to retain IP ownership
• Derisks 80-100% of entertainment project financing
• Multiple revenue streams through origination fees and content distribution
• Completed corporate name and symbol change to strengthen brand identity

Negative

• Still in early stages with full operations not expected until Q3 2025
• Funding discussions with key sources still ongoing and not finalized

Los Angeles, California--(Newsfile Corp. - June 4, 2025) - VYRE Network (OTC Pink: VYRE), a leading FREE global streaming platform dedicated to serving the next generation of filmmakers, TV creators, and athletes by providing global distribution, film financing, and production support, is pleased to announce that it has partnered with Waynne Manor Corp. to launch a new Entertainment Finance Company, Itibari Waynne & Partners ("IWP").

IWP is a mission-driven organization dedicated to financing and supporting the entertainment community and having a focus on independent creators of film and television. Our unique approach derisks 80% - 100% of the associated risk of financing entertainment projects, while guaranteeing distribution for creators through VYRE Network's integrated ecosystem. IWP will provide up to $5,000,000 per project, to empower creators to produce original content while retaining ownership of their IP. For investors, the program offers secure, structured returns.

IWP is presently engaged in discussions with several key funding sources, including individual investors, banks, and entertainment-focused hedge funds, to secure financing for an initial 15 distinct projects. These initiatives are currently at various stages of onboarding and funding review. Public announcements will be made upon successful closure of each project funding. Notably, five of these projects, representing an aggregate commitment of approximately $15.35 million, have already secured funding or have firm funding commitments.

The program generates revenue for the Company through two distinct channels. First, IWP collects origination fees, which are calculated as a percentage of the total amount funded and are charged for services provided during the funding process. These fees are received at the time funds are advanced to the creator. Second, VYRE Network derives revenue from content distribution on the VYRE platform, sharing programmatic advertising revenue with content owners whenever their content is viewed. Additionally, IWP may generate supplementary income by offering production services to projects, leveraging the group's extensive industry relationships to provide these services as required.

IWP will be driven by the leadership of "Bruce" Waynne Nugent, an entertainment professional who has demonstrated a deep understanding of the loan guarantee programs and its impact on entertainment financing and Itibari Zulu, an architect in strategic financing, acquisitions and financial partnerships. They bring expertise and valuable insights that strengthen VYRE's mission and commitment to expanding access to capital and distribution to the underserved independent film and entertainment community.

"I'm very excited to lead this effort. I've been lucky to sit in the driver seat of my career and won't take the responsibility lightly while helping other creators navigating theirs." - Bruce Waynne, CEO

"With a background rooted in finance and marketing, and a passion for helping people realize their goals and dreams, we're building more than a company, we're building a movement. Nothing compares to the fulfillment of playing a key role in someone's journey to success." - Itibari Zulu, President

IWP has begun ramping up to full operation, expected to be in the third quarter of the year. The group has entered into discussions with the 16 studio partners that VYRE has strategically curated to assist in leading the mission for upgraded independent original content on VYRE. Other independent production companies will also be able to submit projects for funding through the https://iwp.capital website.

In addition, the Company is very pleased to announce that the VYRE Network public company name and symbol change has been completed so that it aligns with its business name. VYRE Network is now traded on the OTC Markets under the symbol VYRE. The Company has been awaiting the name change to align with the brand on the market and to kickstart marketing and branding that will push forward shareholder value on a global scale. Now with no identity confusion, VYRE can brand its operations, partnerships, users acquisitions and financial reports without an explanation of how to find VYRE on the market.

As VYRE continues to serve as a bridge between entertainment professionals, financing solutions and supporting initiatives that enhance inclusion and sustainability, you can stream content for free anywhere, anytime, through Apple TV, iPhone, Android, Samsung TV, Roku, Amazon Fire TV, LG, Sony, Tizen, the web (https://vyre.tv) and more.

About Itibari Waynne & Partners

Itibari, Waynne & Partners (IWP) is a mission-driven financial partner providing capital and support for underrepresented creators in film, television, and digital media. We remove financial barriers and offer both funding and an ecosystem of resources to help bring powerful stories to life. iwp.capital

ABOUT VYRE NETWORK

VYRE Network is dedicated to serving the next generation of filmmakers, TV creators, and athletes by providing them with the tools and opportunities needed to succeed in the entertainment industry. Through global distribution, film financing, and production support, VYRE bridges the gap between independent and mainstream entertainment, ensuring that emerging talent has access to a broader audience and greater resources.

Since its launch in 2019, VYRE has remained committed to empowering creators by offering a platform that fosters innovation, creativity, and exposure. By championing diverse voices and groundbreaking content, VYRE Network continues to redefine the entertainment landscape, helping filmmakers and athletes turn their visions into reality on a global scale. VYRE.tv

VYRE Network
Investor Relations
ir@vyrenetwork.com
Social Media @vyrenetwork

Forward Looking Statements

This release includes 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. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words estimate, project, intend, forecast, anticipate, plan, planning, expect, believe, likely, should, could, would, may or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, together with all usual and common economic, competitive, and equity market conditions / risks.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254435

FAQ

What is the maximum funding amount VYRE's IWP offers per entertainment project?

IWP offers financing of up to $5,000,000 per project for independent film and television creators.

How many projects has VYRE's IWP secured funding for so far?

Five projects have secured funding or firm commitments totaling approximately $15.35 million out of 15 distinct projects under review.

Who are the key leaders of VYRE's Itibari Waynne & Partners?

IWP is led by Bruce Waynne Nugent as CEO and Itibari Zulu as President, bringing expertise in entertainment financing and strategic partnerships.

How does VYRE Network (VYRE) generate revenue through IWP?

VYRE generates revenue through origination fees on funded projects and by sharing programmatic advertising revenue from content distribution on the VYRE platform.

What percentage of entertainment project financing risk does IWP derisk?

IWP derisks 80% to 100% of the associated risk of financing entertainment projects.