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VIVA Entertainment Group Enters into Joint Venture with Oi2 Media Corp, Country's Largest Provider of Latino Focused Content

Viva Entertainment Group, Inc (OTC PINK: OTTV), a developer of an OTT system through which television services are delivered using the Internet, is pleased to announce it has entered into a joint venture with Oi2 Media, the country's largest provider of Latino focused content and services to major broadcast and digital media companies such as iHeart Media and Univision Radio. Oi2 under its radio syndication and digital divisions provides distribution of strong brands such as, CNN en Espanol, Fox Deportes Radio, ESPN Deportes Radio, and many more.

Under the agreement, the two Companies have formed a special purpose Company called "Oi2 TV, LLC" with Oi2 owning 51% and Viva owning 49%. The purpose of the venture is for both Companies to collaboratively engage in the marketing, sales and distribution of next generation IPTV subscriptions to Oi2 Media Corp subscribers. As part of the Agreement, Viva will make capital contributions in the following manner: Viva backend technology and OTT platform, Channel lineup and content initially consisting of Linear channels and VOD, customized Android and Apple IOS apps for OTT, billing and provisioning API, billing and provisioning API, and more. Among the capital contributions from Oi2 TV will include: Sales to new and existing Oi2 listeners, data center and warehousing, marketing and promotions (Radio, TV, Social Media, Billboards), content live TV and VOD, and more. As part of the venture, VIVA will provide to Oi2 TV with a string of live TV channels for a subscription based service that will be marketed via the Oi2 Media App.

Mr. Johnny Falcones, CEO Viva, expressed "this business effort is about focusing on deeper partnerships through a focused list of suitable partners with an already established, large subscriber base and mutual demographic synergies. A combined effort with a rooted focus on bottom line revenues along with the venture's monthly reach of hundreds of...