VYRE Network (OTC: VYRE), a global streaming platform focused on empowering independent filmmakers, TV creators, and athletes, has announced a new venture in entertainment financing with the formation of Itibari Waynne & Partners (IWP). This initiative, developed in partnership with Waynne Manor Corp., aims to provide substantial financial backing and support to independent content creators, addressing a significant gap in the entertainment industry.
IWP is designed to mitigate the financial risks typically associated with independent film and television production. The company offers up to $5 million per project, enabling creators to maintain ownership of their intellectual property while producing original content. This approach not only supports creative freedom but also provides investors with structured and secure returns. Currently, IWP is in active discussions with various funding sources, including individual investors, banks, and entertainment-focused hedge funds, to finance an initial slate of 15 projects. Notably, five projects have already secured or committed to approximately $15.35 million in funding.
The revenue model for IWP involves two main streams. First, the company charges origination fees based on the total amount funded, collected when funds are advanced to creators. Second, VYRE Network generates income through content distribution on its platform, sharing programmatic advertising revenue with content owners as their work is streamed. Additionally, IWP may offer production services to projects, leveraging its industry connections to provide further support and generate additional income.
Leadership at IWP includes CEO Bruce Waynne Nugent, an entertainment professional with expertise in loan guarantee programs and financing, and President Itibari Zulu, a strategist in financial partnerships and acquisitions. Their combined experience is expected to drive IWP’s mission to expand capital access and distribution opportunities for underrepresented independent creators. Bruce Waynne expressed enthusiasm about leading the effort, emphasizing the responsibility of guiding creators through their career journeys. Itibari Zulu highlighted the company’s broader vision, describing IWP as more than a business, but a movement dedicated to helping people achieve their creative goals.
IWP is ramping up operations with a full launch anticipated in the third quarter of 2025. The company has engaged with 16 studio partners curated by VYRE to enhance independent original content on the VYRE platform. Independent production companies can also submit projects for funding via the IWP website. https://iwp.capital
Since its launch in 2019, VYRE Network has committed to bridging the gap between independent and mainstream entertainment by providing tools for global distribution, film financing, and production support. The platform champions diverse voices and innovative content, helping emerging talent reach wider audiences and realize their creative visions on a global scale.
The entertainment financing model employed by IWP incorporates multiple risk mitigation strategies, such as minimum revenue guarantees from distribution, completion bonds, production insurance, tax credits, pre-sales, product placements, and grants. These mechanisms collectively reduce the financial exposure for both creators and investors, making independent projects more viable and attractive for funding.
VYRE continues to offer free streaming of diverse content accessible on numerous devices, including Apple TV, iPhone, Android, Samsung TV, Roku, Amazon Fire TV, LG, Sony, Tizen, the web (https://vyre.tv) and more. VYRE Network manages a variety of niche channels covering music, business news, comedy, combat sports, sports news, faith-based content, live concerts, and culturally specific programming for African, Spanish, Indian, and Asian audiences. This diverse content ecosystem supports the company’s mission to serve a broad spectrum of creators and viewers.
VYRE Network’s launch of Itibari Waynne & Partners represents a significant step toward democratizing entertainment financing. By offering substantial funding, risk mitigation, and guaranteed distribution, IWP aims to empower independent creators and attract investors seeking structured returns. This initiative, combined with VYRE’s established streaming platform and global reach, positions the company as a key player in reshaping the independent entertainment landscape.
