OTCMKTS:DATI Explores New Relationship with OpenVision Labs, Joins the $37 Billion Video Steaming (Cord-Cutting) Revolution through Mentorship Program

Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has announced it is establishing a new relationship with the video streaming broadcast communications company, OpenVision Labs (formerly known as OpenVision Networks), through the Company’s Mentorship Program.

OpenVision Labs (“OpenVision” or “OVL”) is a developer of live streaming (cord-cutting) media communications products and services. Through the Mentorship Program, Digital Arts Media Network, Inc. (OTCMKTS:DATI) will implement a strategy that further positions ‘OVL’ in the revolution known as ‘Cutting the Cord’, along with the generational phenomena ‘Cord Nevers’, which is expected to generate $37 billion in revenue in 2017 and exceed $60 billion in revenue by 2020. The new mentorship strategy encourages OVL to focus on developing an improved streaming media player for both live and recorded content, review and fortify its patents and establish a straightforward revenue model. 

OpenVision Labs, with help from the Mentorship Program, is prepared to run several development programs. These programs include International streaming deals, Live-steaming deals and event venues, and exclusive content with Adam Beach, the actor who played ‘SlipKnot’ in the 2016 film Suicide Squad, and ‘Tommy’ in Walker, Texas Ranger.

Cord-cutting is becoming more and more popular as an alternative to pay TV subscriptions and more consumers are turning to internet-based streaming solutions for their viewing enjoyment. In fact, in the second quarter of 2016, roughly 812,000 U.S. customers canceled their pay TV subscriptions. While other streaming companies focus on streaming recorded content, many consumers still have trouble finding live-streaming access to events and news outlets. 
An area of interest for ‘OVL’ is exclusive content. Other streaming companies have seen tremendous success by providing exclusive content. OpenVision is working with actor, Adam Beach, to develop content exclusive for the company’s online media streaming platform.

 “Two of the major factors in building valuation for a startup are monthly active users and recurring monthly revenue,” said Ajene Watson, Chairman and CEO of Digital Arts Media Network, Inc., “Our goal is to start from the ground up: encouraging OpenVision’s management to improve the user experience with a fresh media player, build content to attract new customers, and provide exclusive live-streams at venues. We believe this company has tremendous potential to grow within the current market conditions; particularly where (1) consumers continue to cut ties with cable companies yet still struggle to find continuity in their live and recorded streaming content, and, (2) where international networks continue to search for the best way to deliver streaming content to an increasingly growing mobile society.”

Management anticipates that OVL’s four major development initiatives should substantially increase OVL’s valuation prior to its next capital round. As Digital Arts mentorship program commences, the Company will continue adding key staff to its executive, advisory and mentoring teams in anticipation of the Mentorship Program’s growth.