CANNES – May 16, 2019 – TRICOAST WORLDWIDE signs deal with OTTera at the Cannes International Film Festival.
Negotiated by the Chairman and Co-Founder of OTTera, Stephen L. Hodge, the deal will allow TriCoast Worldwide to progress further into worldwide AVOD and OTT (over the top) platforms, leveraging the company’s film library of +300 titles into new, worldwide revenue streams.
“TriCoast is a well-respected independent distributor of content. As a company they have stayed on the pulse of what is current and we are very proud to have been chosen as the platform to bring them into the era of Over-The-Top video consumption and monetization. We look forward to assisting TriCoast in reaching tens of millions of homes!” stated Stephen L. Hodge.
As the licensing model declines worldwide for independent films, TriCoast Worldwide sees the shift to the revenue share model and is taking advantage by partnering with international telecommunication platforms and mobile phone carriers, to distribute globally, particularly China, Africa and South East Asia.
Pictured (from L-R): Craig EcEldowney (CTO of OTTera), Marcy Levitas Hamilton and Strathford Hamilton (CEOs of TriCoast Worldwide) and Stephen L. Hodge (Chairman and Co-Founder of OTTera).
“We realize the future of independent film lies not with SVOD, especially at 4 cents per film screening from Amazon Prime. Over the last 12 months, as our consumers have moved from theaters to TV, then to SVOD and AVOD, we’ve realized customer loyalty is built not just on the content, but on the curation of the content and niche branding. With thousands of titles to sift through, consumers want a certain type of movie – fast and free. This is why we see the future as OTT with AVOD MCNs,” said CEO of TriCoast Worldwide, Strathford Hamilton.
Thrilled to provide more content for audience viewers, TriCoast Worldwide will be creating several linear and non-linear streams, beginning with action, horror and sci-fi genres, then adding classics, family and DIY films.
About OTTera:
OTTera offers a fully-managed, scalable white label product that allows companies to quickly launch highly customized, affordable OTT services across all major platforms including iOS, tvOS, Android, Android TV, Roku, HTML5, Chromecast and Web. Based in Los Angeles, and servicing over 25 million worldwide, the company offers linear distribution to cable/satellite services and Virtual Multichannel Video Programming Distributors (vMVPDs) for Samsung TV+, Vizio WatchFree, Sling, Xumo, Pluto, etc., as well as diverse monetization support including advertising, subscription, and transactional. For over 10 years OTTera has maintained strong partnerships with the world’s largest CE manufacturers including Samsung, Vizio, Sony and Hisense.
Visit: http://ottera.tv.
About TriCoast Worldwide:
TriCoast Worldwide is a premium international sales agent representing the best of US and international films at all the major film markets. Sister company to TriCoast Entertainment and TriCoast Studios, the company is located at the Studio facility in Culver City, Los Angeles.
Founded by: Strathford Hamilton and Marcy Levitas Hamilton.
Visit: www.tricoastworldwide.com. Press contact: [email protected].
Media ContactCompany Name: TriCoast Entertainment Contact Person: Jenna WilenEmail: Send EmailPhone: 3104587707Address:11124 Washington Blvd. City: Culver CityState: CaliforniaCountry: United StatesWebsite: http://www.tricoastworldwide.com
