The NASDAQ Capital Market provides companies the required capital in order to grow their business. ReelTime will continue to trade on the OTC Markets under the symbol (OTC:RLTR) throughout the process and up until the move to the NASDAQ Capital Market becomes effective, at which time the ticker symbol will become (NASDAQ: RT). In addition, ReelTime must comply with NASDAQ's requirements relating to audit committees, the director nomination process, the compensation of officers, board composition, executive sessions, quorum, and code of conduct, among others. ReelTime will also need to adhere to the corporate governance standards set by NASDAQ. ReelTime will continue to submit additional information and documentation as it is required based on comments from its assigned Listing Analyst and others at NASDAQ who will be assisting ReelTime, assuring that they satisfy all the required qualifications for NASDAQ Capital Markets securities in Rule 4300 and or any other applicable regulatory requirements. In addition, the request for a new symbol (NASDAQ: RT) to be reserved for ReelTime to trade under once the Company has met all quantitative and qualitative criteria, including certain corporate governance requirements, has been approved. The application has been logged in the NASDAQ Listing Center, all applicable fees have been paid, and a listing analyst has been assigned to ReelTime to assist throughout the process. Exchange to be listed on the NASDAQ Capital Market Exchange. ReelTime has formally submitted an application as a Seasoned Company Seeking to Transfer Equity and/or Debt Securities from Another U.S. ReelTime TV not only introduces our content to a very large audience who love it but provides our advertisers an effective conduit to reach this very relevant audience." The online retail giant revealed the milestone alongside the rollout of an update to the Fire TV user interface.īarry Henthorn, CEO, stated: "ReelTime Media is committed to reaching the rapidly growing number of ‘Cable Cutters’ that dominate the younger audiences. Last month, Amazon said it now has more than 50 million active users on its Fire TV devices. The two are seemingly neck and neck when it comes to being the dominant streaming platform. Limitations and high cost of cable is generally considered at fault and Roku is battling for the advantage in the race for subscribers with Amazon. In addition, Roku said its users streamed 58.7 billion hours of content in 2020. This figure is the company's highest monthly active user total of all time, as the userbase almost doubled in just two years. 31, up by approximately 14 million accounts in 2020. ReelTime Media and Roku will share in revenues generated from advertising, with ReelTime retaining approximately a 70 % slice of the advertising inventory.Īs of the fourth quarter of 2020, Roku reported a total of 51.2 million monthly active users in the three-month quarter ending Dec. The channel “ReelTime TV” will contain a combination of ReelTime Media Original programming as well as serving up other additional cutting edge content. SEATTLE, WA, Ap(GLOBE NEWSWIRE) - via NewMediaWire- ReelTime VR/ReelTime Media (OTC:RLTR) has confirmed that it is set to launch a ReelTime Media channel on the streaming platform Roku.
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