VYRE Network Launches New Era in Streaming with Official Name and Symbol Change on OTC Markets

VYRE Network (OTCPK: VYRE formerly CAPV), a free global streaming platform focused on next-generation film, television, and sports content, has officially adopted its new trading name and symbol on the OTC Markets. Effective today, the company, previously known as Cabo Verde Capital Inc., will now trade under the symbol VYRE, replacing its former CAPV ticker. This rebranding marks a significant milestone for the company as it continues its mission to bridge the gap between independent creators and mainstream audiences.

Since its launch in 2019, VYRE Network has positioned itself as a champion for emerging filmmakers, TV creators, and athletes. The company’s core mission is to provide independent content creators with access to global distribution, film financing, and production resources, enabling them to reach audiences that were previously out of reach. By offering these tools and opportunities, VYRE aims to empower a new wave of talent and foster innovation and diversity in the entertainment industry.

VYRE’s approach is unique in that it not only supports creators in producing and distributing their work but also ensures that their voices are heard on a global scale. The platform’s commitment to inclusivity and creativity has helped it build a robust ecosystem where independent and mainstream entertainment intersect.

The company’s growth is reflected in its portfolio and user base. VYRE Network currently boasts:

  • Over 6,135 licensed movies, TV shows, and sports programs
  • Downloads in 186 countries
  • 12 niche channels and 4 international channels
  • More than 90+ PPV boxing cards per year
  • Monthly live-streamed events in sports and concerts
  • A user base exceeding 1.6 million

These figures underscore VYRE’s expanding influence in the competitive streaming market, as it continues to attract both content creators and viewers from around the world.

 

At the helm of VYRE Network is President, CEO, and Co-Founder David Hill. Under his leadership, the company has navigated a series of strategic acquisitions and partnerships that have strengthened its position in the industry. Hill’s vision is to create a platform where independent filmmakers, TV producers, and athletes have the resources and exposure needed to succeed in a rapidly evolving digital landscape.

“The process to change our trading name and symbol took infinitely longer than we could have ever imagined. I would like to thank our team for continuing to push to get this accomplished”, stated David Hill. “Now that we have our trading name and symbol matching the Company’s identity, we can begin the process of branding VYRE Network to the public. This has been something we haven’t been able to properly undertake over the last 15 months while the name change process was ongoing”.

VYRE Network generates revenue through a diversified model that includes Advertising Video on Demand (AVOD), Pay-Per-View (PPV), and product placement. The AVOD model allows users to access a wide range of content for free, with revenue generated through targeted advertising placements. This approach broadens accessibility while providing advertisers with opportunities to reach engaged audiences across multiple devices and regions.

The PPV model monetizes premium live events such as sports and concerts by offering exclusive access for a fee, catering to fans seeking high-value content. Additionally, VYRE leverages product placement within its content as a revenue stream. This involves integrating branded products subtly into films, TV shows, and live events, creating a seamless viewing experience that benefits both content creators and advertisers. Product placement, including virtual product placement techniques, allows brands to connect with audiences without disrupting the flow of entertainment, enhancing monetization opportunities across VYRE’s platform.

Together, these revenue streams enable VYRE Network to serve both casual viewers and dedicated fans while maintaining a robust and scalable business model.

With its official transition to the VYRE Network name and the adoption of the VYRE symbol on the OTC Markets, the company is poised for continued growth and innovation. Its focus on supporting independent creators, expanding its global footprint, and leveraging advanced technology partnerships positions VYRE Network as a dynamic player in the streaming industry.

As the entertainment landscape continues to evolve, VYRE Network’s commitment to bridging opportunity gaps and empowering the next generation of talent will remain at the forefront of its strategy, delivering value to both creators and investors.

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