News ReleaseX Challenges YouTube With New Ad-Targeting Features
MarketJar
Elon Musk's X is rolling out enhanced advertiser targeting features to attract video creators and compete more effectively against YouTube. X, formerly known as Twitter, revealed that advertisers will soon be able to run ads before videos from their chosen creators, starting later this month. 1 These new ads will be available in the main timeline as well as on a creator's profile, offering X's 80,000 creators an additional way to monetize their videos through a revenue-sharing model. While X declined to disclose the exact percentage of ad revenue it will share with creators, the move aligns with its efforts to support creators financially, having previously paid out over $20 million. For comparison, Google's YouTube typically gives creators a 55% share of ad revenue related to their videos. In recent months, Musk has been steering X towards a focus on premium video content by partnering with notable figures like former CNN host Don Lemon and World Wrestling Entertainment to produce shows for the platform. Musk has expressed his ambition for X to rival YouTube and has personally reached out to some creators. Last month, Musk praised YouTube star Jimmy Donaldson, known as MrBeast, for posting his first video on X. Musk's efforts are aimed at regaining marketers' trust after his tumultuous takeover of the platform led to a decline of more than 50% in advertising revenue. Last year, ad sales were estimated to be around $2.5 billion, falling short of the company's $3 billion target, as reported by Bloomberg. Over the past decade, advertising budgets have shifted from cable TV to online platforms due to changes in consumer behavior and technology. Online ads offer better targeting, flexibility, and cost-effectiveness, driving brands to connect with audiences digitally. This new industry has also turned the spotlight on streamers, particularly those streaming video game-related content. Right now, Gen Z and Gen Alpha are spending roughly 20% of their free time playing video games or watching streamers play. 2 That number is expected to continue rising as current players grow up and new generations enter the gaming world. As viewers continue turning their attention towards streamers, the industry is growing like wildfire and Canada's premier esports titan OverActive Media (TSXV:OAM) (OTC:OAMCF) is staking its claim on the growing audience. OverActive Media is building an integrated global sports, media and entertainment company for today’s generation of fans, with a focus on esports, video games, live events and content creation. Building an Entertainment Powerhouse for Today’s Generation of Fans OverActive Media (TSXV:OAM) (OTC:OAMCF) owns and manages team franchises in professional esports leagues, including the Toronto Ultra in Call of Duty League, the MAD Lions for the League of Legends EMEA Championship and the Toronto Defiant in the Overwatch Champion Series. Last month, OverActive Media increased its position in the market through the acquisition of two of the most popular esports teams, KOI and Movistar Riders. The deal, which is the largest in the company’s history, broadens OverActive Media ’s (TSXV:OAM) (OTC:OAMCF) global footprint to fast-growing international markets and is expected to bring in an additional $10 to $12 million in annual revenues. The acquisition also includes a diverse range of top-tier Esports assets and a powerhouse of social media clout including over 100 million dedicated followers. KOI is a major European Esports franchise co-founded by streamer superstar Ibai Llanos, one of the Top 5 Streamers in the World 3 and former FC Barcelona football legend Gerard Piqué. Movistar Riders is a leading Esports club in Spain that boasts a multi-year partnership with Spanish multinational telecommunications company Telefónica. Since the acquisition of KOI, OverActive Media (TSXV:OAM) (OTC:OAMCF) has experienced a surge in viewership across its gaming franchises, including League of Legends, VALORANT, Counter Strike 2, and Call of Duty. When the newly formed Mad Lions KOI team kicked off the League of Legends EMEA Championship (LEC) Winter Split in January, their regular season match reached 741,000 peak viewers, making it the most watched LEC match since summer 2021. KOI co-founder Ibai also contributed to this growth, generating over 4.7 million views on Twitch during a single MAD Lions KOI game in January. This viewership beat the finale of Succession, the Emmy-winning HBO series that drew 2.93 million viewers across all platforms on its debut night. The team set another record during the League of Legends EMEA Championship (LEC) on February 18, with 830,816 viewers tuning in, marking the highest viewership for a regular season match in LEC history. In comparison, NHL games are averaging 471,000 viewers. The extended multi-year agreement with Telefonica stands as OverActive Media's largest financial partnership, signaling strong confidence and stability. With backing from renowned brands and personalities like Bell, Kappa, Red Bull, TD, Razer, SCUF, AMD, Ibai Llanos, and Gerard Piqué, OverActive Media's partnership portfolio is both impressive and strategic. OverActive Media maintains a healthy balance sheet with a strong cash position of C$9.7 million with no debt, and that doesn’t even include the C$8.3 million from its Overwatch League exit - a combined impact of C$18 million. Click here for more information about OverActive Media (TSXV:OAM) (OTC:OAMCF). [1] https://mybroadband.co.za/news/internet/524820-x-takes-aim-at-youtube-with-new-ad-targeting-features.html [2] https://newzoo.com/resources/blog/how-and-why-different-generations-engage-with-video-games-in-2023 [3] https://goombastomp.com/top-5-twitch-streamers-with-the-most-instagram-followers/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, OverActive Media Market. 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Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding OverActive Media’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to OverActive Media’s industry; (b) market opportunity; (c) OverActive Media’s business plans and strategies; (d) services that OverActive Media intends to offer; (e) OverActive Media’s milestone projections and targets; (f) OverActive Media’s expectations regarding receipt of approval for regulatory applications; (g) OverActive Media’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) OverActive Media’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute OverActive Media’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) OverActive Media’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) OverActive Media’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) OverActive Media’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of OverActive Media to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) OverActive Media’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact OverActive Media’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing OverActive Media’s business operations (e) OverActive Media may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, OverActive Media undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does OverActive Media nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. 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February 22, 2024 08:30 AM Eastern Standard Time
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