Gamelancer records $182,010 in monthly recurring OTT video revenue in the month of April

Gamelancer records $182,010 in monthly recurring OTT video revenue in the month of April

May 19, 2022, Toronto, Canada - Gamelancer Gaming Corp. (CSE: GMNG) (OTCQB: WDRGF) (FRA: 64Q) ("Gamelancer" or the "Company"), a mobile-focused entertainment company providing brands access to the global gaming audience through its owned and operated channels, is excited to announce it has generated $181,010 in monthly recurring revenue from its curated, in-house produced online video content. With custom Gamelancer video featuring Robolox, Minecraft, GTA and its branded "Egirl" content, Gamelancer now produces 8 custom video content series featured on various OTT video platforms, with recently acquired JoyBox Media launching 2 OTT video content series in the month of May.

OTT, or "over-the-top" media is a service which provides internet streaming of custom TV shows or movies for subscribers of the platform to view. Gamelancer curates custom short-form video content which is submitted to OTT platforms, which are subsequently featured on the platform for subscribers to view. Gamelancer therein received a 50% revenue split with the OTT platform hosting the content.

"Gamelancer's growing network of over 28,000,000 followers and subscribers on Tiktok, Snapchat, and Instagram, constitute the largest GenZ social media network in gaming. Our audience increasingly views our video content on subscription-based OTT platforms, which charge viewers a fee and generate advertising revenue, providing Gamelancer with a vital monthly recurring revenue stream. Our OTT video revenue continues to demonstrate that Gamelancer is a new media company, focused on short-form video content and direct media sales. Gamelancer will continue to build multiple short-form video series', featuring content derived from our daily videos posted across our 27 channels. Our walled-garden approach to owned and operated channels on platforms such as Tiktok, allows us to host hundreds of daily short-form videos and choose the best material to build into TV-style series." – Jon Dwyer, Chairman & CEO, Gamelancer Gaming Corp.